Issuance of Letter of Credit. Subject to the terms and conditions hereof, the Bank agrees to execute and deliver the Letter of Credit. The obligations of the Bank under the Letter of Credit shall be absolute and irrevocable and shall be performed strictly in accordance with the terms of the Letter of Credit and this Agreement. All payments made under the Letter of Credit shall be made with the Bank's funds.
Appears in 2 contracts
Samples: Reimbursement Agreement (Core Materials Corp), Reimbursement Agreement (Core Molding Technologies Inc)
Issuance of Letter of Credit. Subject to the terms and conditions hereof, the Bank agrees to execute and deliver the Letter of Credit. The obligations of the Bank under the Letter of Credit shall be absolute and irrevocable and shall be performed strictly in accordance with the terms of the Letter of Credit and this Reimbursement Agreement. All payments made under the Letter of Credit shall be made with the Bank's funds.
Appears in 2 contracts
Samples: Reimbursement Agreement (Angiodynamics Inc), Reimbursement Agreement (Angiodynamics Inc)
Issuance of Letter of Credit. Subject to the terms and conditions hereof, the Bank agrees to execute and deliver the Letter of Credit. The obligations of the Bank under the Letter of Credit shall be absolute and irrevocable and shall be performed strictly in accordance with the terms of the Letter of Credit and this Agreement. All payments made under the Letter of Credit shall be made with the Bank's funds.
Appears in 1 contract
Samples: Reimbursement Agreement (Mechanical Technology Inc)
Issuance of Letter of Credit. Subject to the terms and conditions hereof, the Bank agrees to execute and deliver the Letter of CreditCredit substantially in the form of Exhibit A hereto. The obligations of the Bank under the Letter of Credit shall be absolute and irrevocable and shall be performed strictly in accordance with the terms of the Letter of Credit and this Reimbursement Agreement. All payments made under the Letter of Credit shall be made with the Bank's funds.
Appears in 1 contract
Samples: Credit Reimbursement Agreement (Spurlock Industries Inc)
Issuance of Letter of Credit. Subject to the terms and conditions hereof, the Bank agrees to execute and deliver the Letter of Credit. The obligations of the Bank under the Letter of Credit shall be absolute and irrevocable and shall be performed strictly in accordance with the terms of the Letter of Credit and this Reimbursement Agreement. All payments made under the Letter of Credit shall be made with the Bank's funds.
Appears in 1 contract
