Examples of Letter of Credit Agreements in a sentence
Each Letter of Credit shall be subject to the additional terms and conditions of the Letter of Credit Agreements.
Prior to the issuance of each Letter of Credit, Bank shall have received all Letter of Credit Agreements in respect of such Letter of Credit.
In addition to the terms and conditions of this Agreement, the issuance of any Letters of Credit shall also be subject to the terms and conditions of any Letter of Credit Agreements.
In addition, neither the Issuing Bank, the Administrative Agent nor any Lender shall be responsible for any error, neglect or default of any of the Issuing Bank’s correspondents; and none of the above shall affect, impair or prevent the vesting of any of the Issuing Bank’s, the Administrative Agent’s or any Lender’s rights or powers hereunder or under the Letter of Credit Agreements, all of which rights shall be cumulative.
Whenever any payment is to be made by the Borrower under the provisions of this Agreement, the Note or the Letter of Credit Agreements is due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, in the case of any payment which bears interest, such extension of time shall be included in computing interest on such payment.