Common use of Issuing Bank Approval Clause in Contracts

Issuing Bank Approval. The Issuing Bank shall have --------------------- determined that the amount of any requested Letter of Credit, the beneficiary thereof and the other terms contained in the documents pertaining to such Letter of Credit are satisfactory to the Issuing Bank in the exercise of its reasonable discretion.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/), Revolving Credit Agreement (Standard Pacific Corp /De/), Revolving Credit Agreement (Standard Pacific Corp /De/)

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Issuing Bank Approval. The Issuing Bank shall have --------------------- determined that the amount of any requested Letter of Credit, the beneficiary thereof and the other terms contained in the documents pertaining to such Letter of Credit are satisfactory to the Issuing Bank in the exercise of its reasonable sole discretion.

Appears in 2 contracts

Samples: Credit Agreement (Pan Pacific Retail Properties Inc), Credit Agreement (Pan Pacific Retail Properties Inc)

Issuing Bank Approval. The Issuing Bank shall have --------------------- determined that the amount of any requested Letter of Credit, the beneficiary thereof and the other terms contained in the documents pertaining to such Letter of Credit are satisfactory to the Issuing Bank in the exercise of its reasonable sole discretion.

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)

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Issuing Bank Approval. The Issuing Bank shall --------------------- have --------------------- determined that the amount of any requested Letter of Credit, the beneficiary thereof and the other terms contained in the documents pertaining to such Letter of Credit are satisfactory to the Issuing Bank in the exercise of its reasonable sole discretion.

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)

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