Common use of Applicability of ISP98 (ICC Publication No Clause in Contracts

Applicability of ISP98 (ICC Publication No. 590). Unless otherwise expressly agreed by the applicable Issuing Bank and the Borrower when a Letter of Credit is issued, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.

Applicability of ISP98 (ICC Publication No. 59059). Unless otherwise expressly agreed by the applicable an Issuing Bank and the a Borrower when a Letter of Credit is issuedissued or except as otherwise specifically provided in respect of an Existing Letter of Credit or an Added Letter of Credit, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.

Applicability of ISP98 (ICC Publication No. 59059). Unless otherwise expressly agreed by the applicable an Issuing Bank and the a Borrower when a Letter of Credit is issuedissued or except as otherwise specifically provided in respect of an Existing Letter of Credit, the rules of the “"International Standby Practices 1998” " published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.

Applicability of ISP98 (ICC Publication No. 59059). Unless otherwise expressly agreed by the applicable an Issuing Bank and the a Borrower when a Letter of Credit is issuedissued or except as otherwise specifically provided in respect of the Additional Letter of Credit or an Added Letter of Credit, the rules of the “"International Standby Practices 1998” " published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.

Applicability of ISP98 (ICC Publication No. 59059). Unless otherwise expressly agreed by the applicable an Issuing Bank and the a Borrower when a Letter of Credit is issuedissued or except as otherwise specifically provided in respect of the Additional Letter of Credit or an Added Letter of Credit, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance) shall apply to each Letter of Credit.