Terms of Sale. Borrower will, if required by EX-IM Bank or Bank, cause all sales of products on which the Credit Extensions are based to be supported by one or more irrevocable letters of credit in an amount and of matter, naming a beneficiary and issued by a financial institution acceptable to Bank and negotiated by Bank.
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Samples: Loan and Security Agreement, Loan and Security Agreement (Adept Technology Inc), Loan and Security Agreement (Ramtron International Corp)
Terms of Sale. Borrower will, if required by EX-IM EXIM Bank or Bank, cause all sales of products on which the Credit Extensions are based to be (i) supported by one or more irrevocable letters of credit in an amount and of a matter, naming a beneficiary and issued by a financial institution acceptable to Bank and negotiated by Bank.
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Samples: Export Import Bank Loan and Security Agreement (Axcelis Technologies Inc), Loan and Security Agreement (Spire Corp)
Terms of Sale. Borrower will, if required by EX-IM EXIM Bank or Bank, cause all sales of products on which the Credit Extensions are based to be supported by one or more irrevocable letters of credit in an amount and of matter, naming a beneficiary and issued by a financial institution acceptable to Bank and negotiated by Bank.
Appears in 2 contracts
Samples: Loan and Security Agreement (Aerohive Networks, Inc), Loan and Security Agreement (Aerohive Networks, Inc)
Terms of Sale. Borrower Borrowers will, if required by EX-IM EXIM Bank or Bank, cause all sales of products on which the Credit Extensions are based to be supported by one or more irrevocable letters of credit in an amount and of matter, naming a beneficiary and issued by a financial institution acceptable to Bank and negotiated by Bank.
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Terms of Sale. Borrower Borrowers will, if required by EX-IM Bank or Bank, cause all sales of products on which the Credit Extensions are based to be supported by one or more irrevocable letters of credit in an amount and of matteramount, naming a beneficiary and issued by a financial institution acceptable to Bank and negotiated by Bank.
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Terms of Sale. Borrower will, if required by EX-IM Bank (per EX-IM’s current Country Limitations Schedule) or Bank, cause all sales of products on which the Credit Extensions are based to be supported by one or more irrevocable letters of credit in an amount and of matter, naming a beneficiary and issued by a financial institution acceptable to Bank and negotiated by Bank.
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