Common use of Applications/Instructions Clause in Contracts

Applications/Instructions. The request to issue or amend a Credit (an “Application”) shall be irrevocable and in such form as Bank shall from time to time require or agree to accept (including any type of electronic form or means of communication). Inquiries, communications and instructions (whether written, facsimile or in other electronic form approved by Bank) regarding a Credit, each Application and this Agreement are each referred to herein as “Instructions”. Bank’s records of the content of any Instruction will be conclusive.

Appears in 2 contracts

Sources: Standby Letter of Credit Agreement (Proassurance Corp), Standby Letter of Credit Agreement (Bebe Stores, Inc.)