UCP. Except to the extent it is inconsistent with the express terms of this Documentary Credit, this Documentary Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500.
UCP. Except to the extent it is inconsistent with the express terms of this Letter of Credit, this Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500.
UCP. Except to the extent it is inconsistent with the express terms of this Letter of Credit, this Letter of Credit is subject to the ICC Uniform Customs and Practice for Documentary Credits (UCP 600).
UCP. With respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits, International Chamber of Commerce (“ICC”) Publication No. 600 (or such later version thereof as may be in effect at the time of issuance).
UCP. The Uniform Customs and Practice for Documentary Credits as most recently published from time to time by the International Chamber of Commerce (the "UCP") is hereby incorporated in this Agreement and shall be deemed incorporated by this reference into each Letter of Credit issued pursuant to this Agreement. The terms and conditions of the UCP shall be binding on the parties to this Agreement and each beneficiary of any Letter of Credit issued pursuant to this Agreement .
UCP. 1.1 The concept, features, objectives, advantages and other information of UCP as well as other terms and conditions of Investment therein have been enunciated in the Supplemental Offering Document of UBL Children Savings Plan. The contents of the Supplemental Offering Documents and any further amendments or modifications made from time to time by UBL Funds shall be deemed to be an integral part of this Agreement.
UCP. The Undertaking is subject to the Uniform Customs and --- Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500 (the "UCP"). In the event of any conflict between --- the law of the State of New York (which, pursuant to Section 11.10 hereof, governs this Agreement) and the UCP, the UCP shall control. Notwithstanding Article 17 of the UCP, if the Undertaking expires during an interruption of business as described in said Article 17, COB shall effect payment if the Undertaking is drawn against within 30 days after the resumption of business.
UCP. The definition of “UCP” is added to read as follows:
UCP. Unless otherwise expressly agreed by Issuing Bank and Borrower when a Letter of Credit is issued, the rules of the UCP shall apply to each Letter of Credit. Notwithstanding the foregoing, Issuing Bank shall not be responsible to Borrower for, and Issuing Bank’s rights and remedies against Borrower shall not be impaired by, any action or inaction of Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the law or any order of a jurisdiction where Issuing Bank or the beneficiary is located, or in the decisions, opinions, practice statements, or official commentary of the ICC, the Bankers Association for Finance and Trade - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.
UCP. 12 If any letter of credit is confirmed, the confirming bank’s form must make clear that that waiver described above is applicable to such bank. 13 Insert description of relevant document(s) which governs the reimbursement obligations of the account party to the Issuing Bank. 14 Include if LC governed by NY law. 15 Insert only if LC utilizes ISP98. [This Letter of Credit shall be subject to the provisions (to the extent that such provisions are not inconsistent with this Letter of Credit) of the Uniform Customs and Practice for Documentary Credits, 1993 Revision, International Chamber of Commerce Publication No. 500 (the “UCP”); provided, however, that the provisions of Article 17 thereof are specifically excluded. With regard to all matters not provided for herein, and, to the extent not inconsistent with the UCP, this Letter of Credit shall be governed by and interpreted in accordance with the laws of [the United Mexican States][the State of New York]. The preceding sentence notwithstanding, to the extent Articles 13(b) and 14(d)(i) of the UCP [and Sections 5-108(b) and 5-108(c) of the New York Uniform Commercial Code]16 would or could be construed to extend the express time periods set forth in this Letter of Credit for making payment or giving notice to you that a demand for payment does not conform to the terms and conditions hereunder, we knowingly and willingly waive our rights in respect of such provisions and we will make payment hereunder or give notice in accordance with the terms and conditions of this Letter of Credit. Notwithstanding Article 48 of the UCP, this Letter of Credit may be transferred to any person that is a transferee of any Beneficiary’s interest under (a) the Working Capital Facility Credit Agreement, or (b) any other agreements entered into by the Borrower in connection with the financing of the Project (as defined below), and the Issuing Bank [and confirming bank] hereby irrevocably consent[s] to and agree[s] to effect any such transfer. Such transfer shall be effected upon delivery to us of this Letter of Credit accompanied by a properly completed notice of transfer in the form attached as Annex B. Upon written request in connection with such transfer, we shall issue a replacement Letter of Credit on the same terms as this Letter of Credit but with revised Annexes A and B showing the name of the transferee where applicable. [To the extent Section 5- 112(b)(2) of the New York Uniform Commercial Code would or could be construe...
