Common use of Letter of Credit Drawings Clause in Contracts

Letter of Credit Drawings. The Trustee is authorized to make drawings under the Letter of Credit in accordance with the terms thereof. The Applicant hereby directs the Bank to make payments under the Letter of Credit in the manner therein provided. The Applicant hereby irrevocably approves reductions and reinstatements of the Available Amount as provided in the Letter of Credit.

Letter of Credit Drawings. The Trustee is authorized to make drawings under the Letter of Credit in accordance with the terms thereof. The Applicant Company hereby directs the Issuing Bank to make payments under the Letter of Credit in the manner therein provided. The Applicant Company hereby irrevocably approves reductions and reinstatements of the Available Amount as provided in the Letter of Credit. No further consent of, notice to or authorization by the Company shall be required in connection with any such reinstatement occurring from time to time as contemplated hereby.

Letter of Credit Drawings. The Trustee is authorized to make drawings under the Letter of Credit in accordance with the terms thereof. The Applicant Company hereby directs the Bank to make payments under the Letter of Credit in the manner therein provided. The Applicant Company hereby irrevocably approves reductions and reinstatements of the Available Amount as provided in the Letter of Credit.

Letter of Credit Drawings. The Trustee is authorized to make drawings under the Letter of Credit in accordance with the terms thereof. The Applicant Company hereby directs the Bank to make payments under the Letter of Credit in the manner therein provided. The Applicant Company hereby irrevocably approves reductions and reinstatements of the Available Stated Amount as provided in the Letter of Credit.

Letter of Credit Drawings. The Trustee is authorized to make drawings Drawings under the Letter of Credit in accordance with the terms thereof. The Applicant Company hereby directs the Bank Xxxxxx to make payments under the Letter of Credit in the manner therein provided. The Applicant hereby irrevocably approves reductions and reinstatements of the Available Amount as provided in the Letter of Credit.

Letter of Credit Drawings. The Trustee is authorized to make drawings under the Letter of Credit in accordance with the terms thereof. The Applicant hereby directs the Bank to make payments under the Letter of Credit in the manner therein provided. The Applicant hereby irrevocably approves reductions and reinstatements of the Available Amount Amounts as provided in the Letter of Credittherein.

Letter of Credit Drawings. The Trustee is authorized to make drawings under the Letter of Credit in accordance with the terms thereof. The Applicant hereby directs the Bank to make payments under the Letter of Credit in the manner therein provided. The Applicant hereby irrevocably irrevocable approves reductions and reinstatements of the Available Amount as provided in the Letter of Credittherein.

Letter of Credit Drawings. The Trustee is authorized to make drawings Drawings under the Letter of Credit in accordance with its terms. No Drawing under the terms thereofLetter of Credit shall be made for the payment of the purchase price or principal of, or interest on, Ineligible Bonds. The Applicant District hereby directs the Bank to make payments under the Letter of Credit in the manner therein provided. The Applicant District hereby irrevocably approves reductions and reinstatements of the Available Amount with respect to the Letter of Credit as provided in the Letter of Credit.