{"component": "definition", "props": {"groups": [{"samples": [{"hash": "gIxPxO1gCuu", "uri": "/contracts/gIxPxO1gCuu#isp-98", "label": "Revolving Credit and Guaranty Agreement (Coupang, Inc.)", "score": 35.3490753174, "published": true}, {"hash": "cDhQ4dN7qok", "uri": "/contracts/cDhQ4dN7qok#isp-98", "label": "Revolving Credit and Guaranty Agreement (DoorDash, Inc.)", "score": 35.3299102783, "published": true}, {"hash": "t8JPZIgk5P", "uri": "/contracts/t8JPZIgk5P#isp-98", "label": "Revolving Credit and Guaranty Agreement (Coupang, Inc.)", "score": 35.0835037231, "published": true}], "size": 55, "snippet": "means, with respect to any Letter of Credit, the \u201cInternational Standby Practices 1998\u201d published by the Institute of International Banking Law & Practice, Inc. 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(J) \"JURISDICTION\" means the state in the United States where the Bank's branch which maintains Applicant's major deposits is located, or if Applicant does not have deposits with the Bank, the Bank's office in a state of the United States where Applicant's major banking relationship with it is conducted; if neither of the foregoing apply, then jurisdiction shall mean New York City, New York; (K) \"OBLIGATIONS\" means all obligations of any, some or all of parties comprising the Applicant to Bank now or hereafter existing under the Agreement or otherwise; (L) \"PRIME RATE\" means that changing rate of interest announced publicly from time to time by Bank as its Prime Rate; (M) \"PROPERTY\" means all present and future inventory, equipment, farm products and other goods, documents, policies and certificates of insurance, securities, securities entitlements, securities accounts, financial assets, investment property, instruments, letters-of-credit and letter-of-credit rights, chattel paper, accounts, general intangibles, money, and any and all other types of property (including, but not limited to, deposit accounts and certificates of deposit), together with all cash and non cash proceeds and products thereof, and all Applicant's rights thereto and all documents relative thereto; and (N) \"UCP\" means the Uniform Customs and Practice for Documentary Credits, ICC Publication Number 500, or any subsequent revision or restatement thereof adopted by the ICC and in use by the Bank. Terms not defined herein will, if defined therein, have the same meaning as given in the Uniform Commercial Code as amended from time to time.", "snippet_links": [{"key": "international-standby-practices", "type": "definition", "offset": [10, 41]}, {"key": "chamber-of-commerce", "type": "clause", "offset": [57, 76]}, {"key": "publication-no", "type": "clause", "offset": [85, 99]}, {"key": "subsequent-revisions", "type": "clause", "offset": [113, 133]}, {"key": "by-the-bank", "type": "clause", "offset": [200, 211]}, {"key": "the-state", "type": "clause", "offset": [238, 247]}, {"key": "in-the-united-states", "type": "clause", "offset": [248, 268]}, {"key": "with-the-bank", "type": "clause", "offset": [387, 400]}, {"key": "state-of-the-united-states", "type": "definition", "offset": [425, 451]}, {"key": "banking-relationship", "type": "clause", "offset": [476, 496]}, {"key": "the-foregoing", "type": "clause", "offset": [533, 546]}, {"key": "new-york-city", "type": "definition", "offset": [583, 596]}, {"key": "obligations-of", "type": "clause", "offset": [636, 650]}, {"key": "the-applicant", "type": "clause", "offset": [690, 703]}, {"key": "to-bank", "type": "definition", "offset": [704, 711]}, {"key": "agreement-or", "type": "definition", "offset": [748, 760]}, {"key": "prime-rate", "type": "clause", "offset": [777, 787]}, {"key": "rate-of-interest", "type": "clause", "offset": [809, 825]}, {"key": "from-time-to-time", "type": "clause", "offset": [845, 862]}, {"key": "by-bank", "type": "clause", "offset": [863, 870]}, {"key": "farm-products", "type": "definition", "offset": [956, 969]}, {"key": "policies-and-certificates-of-insurance", "type": "clause", "offset": [998, 1036]}, {"key": "securities-entitlements", "type": "definition", "offset": [1050, 1073]}, {"key": "securities-accounts", "type": "definition", "offset": [1075, 1094]}, {"key": "financial-assets", "type": "clause", "offset": [1096, 1112]}, {"key": "investment-property", "type": "definition", "offset": [1114, 1133]}, {"key": "credit-rights", "type": "definition", "offset": [1180, 1193]}, {"key": "chattel-paper", "type": "clause", "offset": [1195, 1208]}, {"key": "general-intangibles", "type": "definition", "offset": [1220, 1239]}, {"key": "types-of-property", "type": "clause", "offset": [1270, 1287]}, {"key": "not-limited", "type": "clause", "offset": [1304, 1315]}, {"key": "certificates-of-deposit", "type": "clause", "offset": [1341, 1364]}, {"key": "proceeds-and-products", "type": "clause", "offset": [1403, 1424]}, {"key": "all-documents", "type": "clause", "offset": [1473, 1486]}, {"key": "uniform-customs-and-practice-for-documentary-credits", "type": "clause", "offset": [1529, 1581]}, {"key": "terms-not-defined-herein", "type": "clause", "offset": [1704, 1728]}, {"key": "same-meaning", "type": "clause", "offset": [1764, 1776]}, {"key": "uniform-commercial-code", "type": "definition", "offset": [1793, 1816]}, {"key": "as-amended", "type": "definition", "offset": [1817, 1827]}], "hash": "ebc535d43ffc2a887ec0e589235a2a17", "id": 6}, {"samples": [{"hash": "jIcBexTasnK", "uri": "/contracts/jIcBexTasnK#isp-98", "label": "Continuing Letter of Credit Agreement (Millennium Cell Inc)", "score": 18.0, "published": true}], "size": 3, "snippet": "means the International Standby Practices, International Chamber of Commerce (\"ICC\") Publication No. 590, or any subsequent revisions or restatement thereof which may be adopted by the ICC and in use by the Bank; (K) \"JURISDICTION\" means the state in the United States where the Bank's branch which maintains Applicant's major deposits is located, or if Applicant does not have deposits with the Bank, the Bank's office in a state of the United States where Applicant's major banking relationship with it is conducted; if neither of the foregoing apply, then jurisdiction shall mean New York City, New York; (L) \"OBLIGATIONS\" means all obligations of any, some or all of parties comprising the Applicant to Bank now or hereafter existing under this Agreement and under any other document entered into by Applicant in connection with any Agreement; (M) \"PRIME RATE\" means that changing rate of interest announced publicly from time to time by Bank as its Prime Rate; (N) \"PROPERTY\" means all present and future \"Collateral\" (as that term is defined in the Security Agreement dated on or about the date hereof from Applicant to Bank), together with all cash and non cash proceeds and products thereof, and all Applicant's rights thereto and all documents relative thereto; and (O) \"UCP\" means the Uniform Customs and Practice for Documentary Credits, ICC Publication Number 500, or any subsequent revision or restatement thereof adopted by the ICC and in use by the Bank. 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"clause", "offset": [1239, 1252]}, {"key": "uniform-customs-and-practice-for-documentary-credits", "type": "clause", "offset": [1295, 1347]}, {"key": "terms-not-defined-herein", "type": "clause", "offset": [1470, 1494]}, {"key": "same-meaning", "type": "clause", "offset": [1530, 1542]}, {"key": "uniform-commercial-code", "type": "definition", "offset": [1559, 1582]}, {"key": "as-amended", "type": "definition", "offset": [1583, 1593]}], "hash": "d8f0a802f6a2c88cbbb779377315848b", "id": 7}, {"samples": [{"hash": "75s7wlnroTz", "uri": "/contracts/75s7wlnroTz#isp-98", "label": "Loan and Security Agreement (Impco Technologies Inc)", "score": 19.0, "published": true}, {"hash": "dfWpFbKloAA", "uri": "/contracts/dfWpFbKloAA#isp-98", "label": "Loan and Security Agreement (Security Capital Corp/De/)", "score": 18.0, "published": true}], "size": 2, "snippet": "means the International Standby Practices which applies to standby letters of credit, prepared by the Institute of International Banking Law and Practice, as amended from time to time.", "snippet_links": [{"key": "international-standby-practices", "type": "definition", "offset": [10, 41]}, {"key": "applies-to", "type": "clause", "offset": [48, 58]}, {"key": "standby-letters-of-credit", "type": "clause", "offset": [59, 84]}, {"key": "prepared-by", "type": "definition", "offset": [86, 97]}, {"key": "the-institute", "type": "definition", "offset": [98, 111]}, {"key": "banking-law", "type": "definition", "offset": [129, 140]}, {"key": "as-amended", "type": "definition", "offset": [155, 165]}, {"key": "from-time-to-time", "type": "clause", "offset": [166, 183]}], "hash": "3b741bb5d7ed061cea69ebaefc7b0753", "id": 8}, {"samples": [{"hash": "hFwbLoTOSOe", "uri": "/contracts/hFwbLoTOSOe#isp-98", "label": "Lease Agreement (Chime Financial, Inc.)", "score": 36.3620796204, "published": true}, {"hash": "hQTbICKDlA3", "uri": "https://www.sec.gov/Archives/edgar/data/1795586/000162827925000190/filename9.htm", "label": "Chime Financial, 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International Banking Law and Practice, and any amendments or revision thereof.", "snippet_links": [{"key": "international-standby-practices", "type": "definition", "offset": [10, 41]}, {"key": "applies-to", "type": "clause", "offset": [48, 58]}, {"key": "standby-letters-of-credit", "type": "clause", "offset": [59, 84]}, {"key": "prepared-by", "type": "definition", "offset": [86, 97]}, {"key": "the-institute", "type": "definition", "offset": [98, 111]}, {"key": "banking-law", "type": "definition", "offset": [129, 140]}], "hash": "5dfc07e9d05b0eefdf80e564ee02b838", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIPaXNwLTk4IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"size": 166, "snippet": "means, with respect to any Letter of Credit, the \u201cInternational Standby Practices 1998\u201d published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be acceptable to the applicable Issuing Bank and in effect at the time of issuance of such Letter of Credit).", "title": "ISP 98", "id": "isp-98", "examples": ["Except to the extent it is inconsistent with the express terms of this Letter of Credit, this Letter of Credit is subject to the International Standby Practices (<strong>ISP 98</strong>), International Chamber of Commerce Publication No. 590.", "Unless otherwise expressly agreed by the applicable Issuing Bank and the Borrower when a Letter of Credit is issued, the rules of the <strong>ISP 98</strong> shall apply to each Letter of Credit.", "Unless otherwise expressly agreed by the applicable Issuing Bank, the Borrower and the Applicable Account Party when a Letter of Credit is issued, the rules of the <strong>ISP 98</strong> shall apply to each Letter of Credit.", "The submission of all applications in respect of and the issuance of each Letter of Credit hereunder shall be subject in all respects to the Uniform Customs and Practices for Documentary Credits of the International Chamber of Commerce, 1993 Revisions, ICC Publication No. 500 or, if applicable, <strong>ISP 98</strong>, and any successor documentation thereto, as selected by the Issuing Lender.", "EXCEPT SO FAR AS OTHERWISE EXPRESSLY STATED HEREIN, THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE &quot;INTERNATIONAL STANDBY PRACTICES&quot; (<strong>ISP 98</strong>) INTERNATIONAL CHAMBER OF COMMERCE (PUBLICATION NO.", "Each Application and each Letter of Credit shall be subject to the International Standby Practices (<strong>ISP 98</strong>) of the International Chamber of Commerce (in the case of Standby L/Cs) or the Uniform Customs and Practice for Documentary Credits as most recently published by the International Chamber of Commerce (in the case of Commercial L/Cs) and, to the extent not inconsistent therewith, the laws of the State of New York.", "The Borrower agrees that any action taken or omitted by the Issuing Lender under or in connection with any Letter of Credit or the related drafts or documents, if done in the absence of gross negligence or willful misconduct and in accordance with the standards of care specified in <strong>ISP 98</strong> or the Uniform Customs, as the case may be, and, to the extent not inconsistent therewith, the UCC, shall be binding on the Borrower and shall not result in any liability of the Issuing Lender or Lenders.", "The Letter of Credit shall be issued pursuant to, and shall be subject in all respects to, the Uniform Customs and Practice for Documentary Credits <strong>ISP 98</strong>, International Chamber of Commerce Practices Publication No. 590 (1998 Revision).", "The submission of all applications in respect of and the issuance of each Letter of Credit hereunder shall be subject in all respects to International Standby Practices <strong>ISP 98</strong>, and any successor documentation thereto, and to the extent not inconsistent therewith, the laws of the State of Michigan.", "It is hereby agreed that, except as otherwise specified in any Letter of Credit, each commercial Letter of Credit shall be subject to the Uniform Customs and Practice for Documentary Credits and each standby Letter of Credit shall be subject to the International Standby Practices (<strong>ISP 98</strong>)."], "related": [["isp98", "ISP98", "ISP98"], ["ucp-600", "UCP 600", "UCP 600"], ["uniform-customs", "Uniform Customs", "Uniform Customs"], ["isp", "ISP", "ISP"], ["ucp", "UCP", "UCP"]], "related_snippets": [], "updated": "2026-04-19T04:24:51+00:00"}, "json": true, "cursor": ""}}