ISP. Unless otherwise expressly agreed by Issuing Lender 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 (or such later version thereof as may be in effect at the time of issuance) (“ISP”) shall apply to each Letter of Credit.
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Samples: Credit Agreement (Surewest Communications), Credit Agreement (Surewest Communications)
ISP. Unless otherwise expressly agreed by the Issuing Lender Lender, the Borrower and the Borrower when beneficiary of a Letter of Credit is issuedCredit, the rules of the “International Standby Practices 1998” as most recently published from time to time by the Institute International Chamber of International Banking Law & Practice Commerce (or such later version thereof as may be in effect at the time of issuance) (“ISP”) shall apply to each Letter of Credit.
Appears in 1 contract
Samples: Credit Agreement (Otelco Inc.)
ISP. Unless otherwise expressly agreed by Issuing Lender 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 (or such later version thereof as may be in effect at the time of issuance) (“ISP”) shall apply to each Letter of Credit.
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ISP. Unless otherwise expressly agreed by the Issuing Lender Lender, the Borrower and the Borrower when beneficiary of a Letter of Credit is issuedCredit, the rules of the “International Standby Practices 1998” as most recently published from time to time by the Institute International Chamber of International Banking Law & Practice Commerce (or such later version thereof as may be in effect at the time of issuance) (“ISP”) shall apply to each Letter of Credit.
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