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Common use of Acceptable Letters of Credit Clause in Contracts

Acceptable Letters of Credit. Any requirement of certain provisions of the Project Facilities Agreement relating to provision of acceptable letters of credit is not satisfied.

Appears in 3 contracts

Sources: Project Facilities Agreement and Intercreditor Agreement (Pacific Drilling S.A.), Project Facilities Agreement and Intercreditor Agreement (Pacific Drilling S.A.), Amendment and Restatement Agreement (Pacific Drilling S.A.)

Parent Clauses

  • EVENTS OF DEFAULT
  • Accounts
  • Client security interests
  • Consequential damages
  • MISCELLANEOUS

Sub-Clauses

  • Acceptable Equity Contribution LC Requirements
  • Requirement to maintain Acceptable Letters of Credit
  • Changes in face amounts of Acceptable Letters of Credit
  • Cash Collateral
  • Establishment of Acceptable Letters of Credit
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