Common use of Use of Letters of Credit Clause in Contracts

Use of Letters of Credit. All Letters of Credit shall only be utilized to support Letter of Credit Supportable Obligations.

Appears in 3 contracts

Samples: Credit Facility Agreement (Validus Holdings LTD), Credit Facility Agreement (Validus Holdings LTD), Credit Facility Agreement (Validus Holdings LTD)

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Use of Letters of Credit. All Letters of Credit shall only be utilized to support Letter of Credit Supportable Obligations. SECTION 3.06.

Appears in 1 contract

Samples: Agreement (Validus Holdings LTD)

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