ContractMaster Agreement for Documentary Letters of Credit • May 5th, 2020 • New York
EX-10.2 3 b82519exv10w2.htm EX-10.2 EXHIBIT 10.2 MASTER AGREEMENT FOR DOCUMENTARY LETTERS OF CREDIT TERMS AND CONDITIONS General Electric Capital Corporation 201 Merritt Seven Norwalk, CT 06856 The undersigned (“Applicant”) will require, from time to time, Documentary Letters of Credit. General Electric Capital Corporation (“GE Capital”) will, upon Applicant’s application therefor, and to the extent such application is approved by GE Capital in its sole discretion, arrange for the issuance of Credits (as defined herein) through GE Capital Trade Services, Limited or another subsidiary of GE Capital appointed in accordance with Section 3(d) (the “Issuer”), an indirect wholly-owned subsidiary of GE Capital. Each Credit will be governed by and interpreted in accordance with the following terms and conditions. Capitalized terms shall have the meanings accorded them in Section 9, Definitions, below. 1. Payment Terms. In addition to all commissions, charges, fees and expenses payable in conne
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The undersigned (“Applicant”) will require, from time to time, Documentary Letters of Credit. In accordance with the terms of the Credit Agreement, General Electric Capital Corporation (“GE Capital”) will, upon Applicant’s application therefor, and to the extent such application is approved by GE Capital in its sole discretion, arrange for the issuance of Credits (as defined herein) through GE Capital Trade Services, Limited, an indirect wholly-owned subsidiary of GE Capital, or another subsidiary of GE Capital appointed in accordance with Section 3(d) (the “Issuer”). Each Credit will be governed by and interpreted in accordance with the following terms and conditions. Capitalized terms shall have the meanings accorded them in Section 9 below.
