Standby Letter of Credit. Each Obligor shall (and shall procure) that the necessary Security is given to Lender PRC Branch to enable Lender PRC Branch to issue the Standby Letter of Credit to Lender before the first Utilisation Date.
Appears in 2 contracts
Sources: Facility Agreement (McGraw-Hill Global Education Intermediate Holdings, LLC), Facility Agreement (Huang Julia)
Standby Letter of Credit. Each Obligor The Borrower shall (and shall procure) that the necessary Security is given to Lender PRC Branch to enable Lender PRC Branch to issue the Standby Letter of Credit to Lender on or before the first Utilisation Date.
Appears in 1 contract
Sources: Facility Agreement (ChinaEdu CORP)