Common use of Letter of Credit Facility Clause in Contracts

Letter of Credit Facility. 27 Section 3.1. L/C Commitment...................................................................................27 Section 3.2. Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. Commissions and Other Charges....................................................................28 Section 3.4. L/C Participations...............................................................................29 Section 3.5. Reimbursement Obligation of the Borrowers........................................................30 Section 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. L/C Commitment...................................................................................27 Section 3.2. 21 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. Commissions .....................................22 SECTION 3.3 Fees and Other Charges....................................................................28 Section 3.4. ..........................................................22 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. ..............................................................23 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section .......................................24 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 23 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ...........................................................23 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. ..............................24 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. ............................................24 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. .......................................................25 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section Borrower.................................25 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 18 SECTION 3.1 ... L/C Commitment...................................................................................27 Section 3.2. Commitment .......................................... 18 SECTION 3.2 ... Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. Credit ............. 19 SECTION 3.3 ... Commissions and Other Charges....................................................................28 Section 3.4. Charges ........................... 19 SECTION 3.4 ... L/C Participations...............................................................................29 Section 3.5. Participations ...................................... 19 SECTION 3.5 ... Reimbursement Obligation of the Borrowers........................................................30 Section 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32Borrowers ............... 20 SECTION 3.6 ...

Letter of Credit Facility. 27 Section 3.1. 23 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ......................................... 23 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section ............ 23 SECTION 3.3. Commissions and Other Charges....................................................................28 Section 3.4. L/C Participations...............................................................................29 Section 3.5. Reimbursement Obligation of the Borrowers........................................................30 Section 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 24 Section 3.1. 3.1 L/C Commitment...................................................................................27 ...............................................................................24 Section 3.2. 3.2 Procedure for Issuance of Letters of Credit......................................................28 ..................................................25 Section 3.3. 3.3 Commissions and Other Charges....................................................................28 ................................................................25 Section 3.4. 3.4 L/C Participations...............................................................................29 ...........................................................................26 Section 3.5. 3.5 Reimbursement Obligation of the Borrowers........................................................30 Borrower.....................................................27 Section 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 29 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. .................................................................................... 29 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. ....................................................... 29 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. ..................................................................... 30 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. ................................................................................ 30 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section Borrower.......................................................... 31 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 3.1 L/C Commitment.....................................................................................................................................27 Section 3.2. 3.2 Procedure for Issuance of Letters of Credit...........................................................................28 Section 3.3. Commissions 3.3 Fees and Other Charges..............................................................................................................28 Section 3.4. 3.4 L/C Participations.............................................................................................................................29 Section 3.5. 3.5 Reimbursement Obligation of the Borrowers........................................................Borrower........................30 Section 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 17 ------------------------- SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ......................................... 17 -------------- SECTION 3.2 Procedure for Issuance of Letters Letter of Credit......................................................28 Section 3.3. ............. 17 ------------------------------------------ SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. .......................... 18 ----------------------------- SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. ..................................... 18 ------------------ SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section 3.6. Borrower............... 20 ---------------------------------------- SECTION 3.6 Obligations Absolute.............................................................................30 Section 3.7. ................................... 20 -------------------- SECTION 3.7 Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32.................................. 21 ---------------------

Letter of Credit Facility. 27 Section 3.1. 29 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ................................................................................... 29 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. ...................................................... 30 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. .................................................................... 30 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. ............................................................................... 31 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section ........................................................ 32 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 24 SECTION 3.1. L/C Commitment...................................................................................27 Section .............................................................. 24 SECTION 3.2. Procedure for Issuance of Letters of Credit......................................................28 Section ................................. 24 SECTION 3.3. Commissions and Other Charges....................................................................28 Section ............................................... 25 SECTION 3.4. L/C Participations...............................................................................29 Section .......................................................... 25 SECTION 3.5. Reimbursement Obligation of the Borrowers........................................................30 Section ................................... 26 SECTION 3.6. Obligations Absolute.............................................................................30 Section ........................................................ 27 SECTION 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32.

Letter of Credit Facility. 27 Section 3.1. 29 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. Facility .................................................................................................. 29 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. Credit .................................................. 30 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. Charges ................................................................. 30 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. Participations ......................................................................................... 31 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section ............................................................................................. 32 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 23 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. .................................................23 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. ....................24 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. ..................................24 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. .............................................25 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section Borrower.......................26 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 21 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ............................................. 21 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. Commissions ................ 21 SECTION 3.3 Fees and Other Charges....................................................................28 Section 3.4. ..................................... 22 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. Reimbursement Obligation of ......................................... 22 SECTION 3.5 Reimbursement.............................................. 23 SECTION 3.6 Provisions Regarding National Currency Units and the Borrowers........................................................30 Section 3.6. Obligations Absolute.............................................................................30 Section Euro.. 24 SECTION 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 20 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ..............................................20 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. .................21 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. ...............................21 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. ..........................................21 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section Borrower....................22 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 32 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. .............................................................................. 32 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. /Automatic Renewal............................... 32 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. ............................................................... 33 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. .......................................................................... 33 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section Borrower.................................................... 34 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 43 Section 3.1. 3.1 L/C Commitment...................................................................................27 Commitment ..................................................................................... 43 Section 3.2. 3.2 Procedure for Issuance of Letters of Credit......................................................28 Credit ............................................. 44 Section 3.3. 3.3 Commissions and Other Charges....................................................................28 Charges ............................................................. 44 Section 3.4. 3.4 L/C Participations...............................................................................29 Participations .................................................................................... 45 Section 3.5. 3.5 Reimbursement Obligation of the Borrowers........................................................30 Borrower............................................ 46 Section 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 20 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ..............................................................................20 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. .................................................21 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. ...............................................................21 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. ..........................................................................22 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section Borrower....................................................23 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 21 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ............................................................................... 21 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. .................................................. 22 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. ................................................................ 22 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. ........................................................................... 23 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section .................................................... 24 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 19 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. .............................................19 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. ................20 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. L/C Participations...............................................................................29 Section 3.5. ..............................20 SECTION 3.4 [Intentionally Omitted]....................................20 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section Borrower...................20 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 26 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. Commitments................................................................... 26 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section ....................................... 27 SECTION 3.3. Commissions and Other Charges....................................................................28 Section 3.4. L/C Participations...............................................................................29 Section 3.5. Reimbursement Obligation of the Borrowers........................................................30 Section 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 17 ------------------------- SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ..................................... 17 -------------- SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. of.................. ------------------------------------ SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. ...................... 18 ----------------------------- SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. ................................. 18 ------------------ SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section the....................... ------------------------------- SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. SECTION 3.1 L/C Commitment........................................................................................................................................................27 Section 3.2. SECTION 3.2 Procedure for Issuance of Letters of Credit..............................................................................................28 Section 3.3. Commissions SECTION 3.3 Fees and Other Charges....................................................................28 Section 3.4. .............................................................29 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. .................................................................30 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section Borrower...........................................31 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 23 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. .............................................................................23 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. ................................................24 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. ..............................................................24 SECTION 3.4 L/C Participations...............................................................................29 Section 3.5. .........................................................................25 SECTION 3.5 Reimbursement Obligation of the Borrowers........................................................30 Section Borrower...................................................26 SECTION 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32

Letter of Credit Facility. 27 Section 3.1. 15 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ............................................................................. 15 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section 3.3. ................................................ 15 SECTION 3.3 Commissions and Other Charges....................................................................28 Section 3.4. L/C Participations...............................................................................29 Section 3.5. .............................................................. 15 SECTION 3.4 Reimbursement Obligation of the Borrowers........................................................30 Section 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32Borrower................................................... 16 SECTION 3.5

Letter of Credit Facility. 27 Section 3.1. 19 SECTION 3.1 L/C Commitment...................................................................................27 Section 3.2. ............................................ 19 SECTION 3.2 Procedure for Issuance of Letters of Credit......................................................28 Section ............... 20 SECTION 3.3. Commissions and Other Charges....................................................................28 Section 3.4. L/C Participations...............................................................................29 Section 3.5. Reimbursement Obligation of the Borrowers........................................................30 Section 3.6. Obligations Absolute.............................................................................30 Section 3.7. Effect of Application............................................................................31 Section 3.8. General Terms of Documentary Letters of Credit...................................................31 Section 3.9. Existing Letters of Credit.......................................................................32