Modification and Extension Sample Clauses

Modification and Extension. The issuance of any supplement, modification, amendment, renewal, or extensions to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.
AutoNDA by SimpleDocs
Modification and Extension. Except for non-substantive amendments to any Letter of Credit for the purpose of correcting errors or ambiguities or to allow for administrative convenience (which amendments each Issuing Bank may make in its discretion with the consent of the Borrower), the amendment, modification, supplement, extension or renewal of any Letter of Credit shall be deemed to be an issuance of such Letter of Credit. If any Letter of Credit contains a provision pursuant to which it is deemed to be automatically renewed unless notice of termination is given by the applicable Issuing Lender, such Issuing Lender shall timely give notice of termination if (i) as of close of business on the seventeenth day prior to the last day upon which such Issuing Lender’s notice of termination may be given to the beneficiaries of such Letter of Credit, such Issuing Lender has received a notice of termination from the Borrower or a notice from the Agent that the conditions to issuance of such Letter of Credit have not been satisfied or (ii) the renewed Letter of Credit would have a term not permitted by subsection (a) above.
Modification and Extension. The parties may modify or extend this Agreement at any time by a written modification, agreed upon by both parties.
Modification and Extension. The issuance of any supplement, restatement, modification, amendment, renewal, or extensions to any LC Support Agreement or Letter of Credit shall, for purposes hereof, be treated in all respects the same as a Credit Extension hereunder.
Modification and Extension. The issuance of any supplement, modification or amendment which increases the face amount of an existing Letter of Credit or renewal, or extensions to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.
Modification and Extension. The issuance of any supplement, modification, amendment, renewal, or extensions to any Canadian Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Canadian Letter of Credit hereunder.
Modification and Extension. The parties may modify or extend this Agreement at any time by a written modification, agreed upon by both parties. The parties agree that this Agreement shall be construed in accordance with and governed by the laws of the state of New Hampshire. The Parties agree to modify negotiate an amendment to this Agreement as needed to address changes in policy, or fiscal issues, changes in law or regulation relating to information security, and specific safeguards for maintaining confidentiality or as necessary to comply with the requirements associated with the safeguarding of Confidential Data. Termination: Either party may unilaterally terminate this Agreement upon written notice to the other party, in which case the termination shall be effective 30 days after the date of that notice or on a later date specified in the notice. In no instance shall such a termination be effective prior to the return or destruction of all Confidential Data provided to Entity or derived from the Confidential Data obtained under the terms of this Agreement. ENTITY agrees that it has the duty to protect and maintain the privacy and security of Confidential Data, and that duty shall continue in full force and effect until such Confidential Data is returned and/or destroyed. For any Confidential Data or derivative data for which destruction is not feasible, the privacy and security requirements of this Agreement shall survive the termination or expiration of this Agreement.
AutoNDA by SimpleDocs
Modification and Extension. . . . 89 -------------------------- SECTION 8.06. Governing Rules. . . . . . . . . . . 89 --------------- SECTION 8.07. Grant of L/C Bank Lien. . . . . . . . 89 ---------------------- SECTION 8.08. Subordination of L/C Bank Lien and L/C -------------------------------------- Bank Obligations. . . . . . . . . . . . . . . . 90 ---------------- SECTION 8.09.
Modification and Extension. If the -------------------------- Borrower, either in writing or orally, (i) requests or consents to any modification or extension of the Letter of Credit, (ii) waives the failure of any Draft to comply with the terms of the Letter of Credit or (iii) consents to any other departure from the terms of the Letter of Credit, this Credit Agreement shall be binding upon the Borrower with respect to the Letter of Credit as so modified or extended, and with respect to any action taken or omitted by the L/C Bank or any of its correspondents pursuant to any such consent, authorization or waiver. Notwithstanding anything in the foregoing sentence or elsewhere to the contrary, nothing in this Section 8.05 shall be construed to permit the Borrower to make or agree to make, any modification or extension of the Letter of Credit otherwise prohibited by the terms hereof or of any other Facility Documents.
Modification and Extension. 6.1. Every modification of the triangle type, the rear marking plate type, shall be notified to the Type Approval Authority which granted approval. The Type Approval Authority may then either:
Time is Money Join Law Insider Premium to draft better contracts faster.