Common use of Letters of Credit – General Provisions Clause in Contracts

Letters of Credit – General Provisions. 8.1 When immediately repayable or prepayable If a Letter of Credit or any amount outstanding under a Letter of Credit becomes payable, the Borrower shall repay or prepay that amount within five Business Days of demand by the relevant LC Issuing Bank.

Letters of Credit – General Provisions. 8.1 When immediately repayable or prepayable If a Letter of Credit or any amount outstanding under a Letter of Credit becomes payable, the Original Borrower shall repay or prepay that amount within five Business Days of demand by the relevant LC Issuing Bank.

Letters of Credit – General Provisions. 8.1 16.1 When immediately repayable or prepayable If a Letter of Credit or any amount outstanding under a Letter of Credit becomes payable, the Borrower shall repay or prepay that amount within five Business Days of demand by the relevant LC Issuing Bank.