Method, Terms and Conditions of Drawdowns. (a) Each application for a letter of credit shall be deemed a drawdown on the loan hereunder. After the Applicant deposits a security bond in the amount required by the Bank, the Applicant may apply to the Bank for a drawdown by submitting a loan drawdown application or an application for a letter of credit together with relevant transaction documents.
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Samples: General Credit Facility Agreement (Hardinge Inc), General Credit Facility Agreement (Hardinge Inc), General Credit Facility Agreement (Hardinge Inc)
Method, Terms and Conditions of Drawdowns. (a) a. Each application for a letter of credit shall be deemed a drawdown on the loan hereunder. After the Applicant deposits a security bond in the amount required by the Bank, the Applicant may apply to the Bank for a drawdown by submitting a loan drawdown application or an application for a letter of credit together with relevant transaction documents.
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