Common use of Extension of Letter of Credit Maturity Clause in Contracts

Extension of Letter of Credit Maturity. If the maturity of any Letter of Credit is extended by its terms or by applicable law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of Borrowers, or if the amount of any Letter of Credit is increased at the request of Borrowers, this Agreement shall be binding upon Borrowers with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by Bank, or Bank’s correspondents in accordance with such extension, increase or other modification.

Extension of Letter of Credit Maturity. If the maturity of any Letter of Credit is extended by its terms or by applicable law Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of BorrowersBorrower, or if the amount of any Letter of Credit is increased at the request of BorrowersBorrower, this Agreement Amendment shall be binding upon Borrowers Borrower with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by BankLender, or Bank’s Lender's correspondents in accordance with such extension, increase or other modification.

Extension of Letter of Credit Maturity. If the maturity of any Letter of Credit is extended by its terms or by applicable law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of BorrowersBorrower, or if the amount of any Letter of Credit is increased at the request of BorrowersBorrower, this Agreement shall be binding upon Borrowers Borrower with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by Bank, or Bank’s correspondents in accordance with such extension, increase or other modification.

Extension of Letter of Credit Maturity. If the maturity of any Letter of Credit is extended by its terms or by applicable law Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of BorrowersBorrower, or if the amount of any Letter of Credit is increased at the request of BorrowersBorrower, this Agreement Amendment shall be binding upon Borrowers Borrower with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by Bank, or Bank’s correspondents in accordance with such extension, increase or other modification.

Extension of Letter of Credit Maturity. If the maturity of any Letter of Credit is extended by its terms or by applicable law Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of BorrowersBorrower, or if the amount of any Letter of Credit is increased at the request of BorrowersBorrower, this Agreement Amendment shall be binding upon Borrowers Borrower with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by Bank, or Bank’s 's correspondents in accordance with such extension, increase or other modification.