Common use of Issuance Procedure Clause in Contracts

Issuance Procedure. To obtain a Letter of Credit, BORROWER shall complete and execute a Letter of Credit Agreement and submit it to the letter of credit department of BANK. Upon receipt of a completed and executed Letter of Credit Agreement, BANK will process the application in accordance with the policies, procedures, and requirements of BANK then in effect. If the application meets the requirements of BANK and is within the policies of BANK then in effect, BANK will issue the requested Letter of Credit.

Issuance Procedure. To obtain a Letter of Credit, BORROWER DEBTOR shall complete and execute a Letter of Credit Agreement and submit it to the letter of credit department of BANK. Upon receipt of a completed and executed Letter of Credit Agreement, BANK will process the application in accordance with the policies, procedures, and requirements of BANK then in effect. If the application meets the requirements of BANK and is within the policies of BANK then in effect, BANK will issue the requested Letter of Credit.

Issuance Procedure. To obtain a Letter of Credit, BORROWER Borrower shall complete and execute a Letter of Credit Agreement and submit it to the letter of credit department of BANKBank. Upon receipt of a completed and executed Letter of Credit Agreement, BANK Bank will process the application in accordance with the policies, procedures, and requirements of BANK Bank then in effect. If the application meets the requirements of BANK Bank and is within the policies of BANK Bank then in effect, BANK Bank will issue the requested Letter of Credit.