Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable L/C Applicant when a Letter of Credit is issued either the rules of the ISP or the UCP at the option of such L/C Applicant shall apply to each Letter of Credit.
Appears in 3 contracts
Sources: Credit Agreement (Markel Corp), Credit Agreement (ALTERRA CAPITAL HOLDINGS LTD), Credit Agreement (ALTERRA CAPITAL HOLDINGS LTD)
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable L/C Applicant Borrower when a Letter of Credit is issued either issued, the rules of the ISP or shall apply unless, for regulatory purposes, the rules of the UCP at the option of such L/C Applicant shall apply to each Letter of Creditmust apply.
Appears in 3 contracts
Sources: Credit Agreement (Renaissancere Holdings LTD), Credit Agreement (Tower Group, Inc.), Credit Agreement (Renaissancere Holdings LTD)
Applicability of ISP and UCP. Unless otherwise expressly agreed by The rules of the Applicable Issuing Party and the applicable L/C Applicant ISP shall apply to each Letter of Credit unless, when a Letter of Credit is issued either issued, the Issuing Bank elects to have the rules of the ISP UCP apply or unless otherwise expressly agreed by the UCP at Issuing Bank and the option Borrower (including any such agreement applicable to an Outstanding Letter of such L/C Applicant shall apply to Credit). To the extent not inconsistent with the foregoing, each Letter of CreditCredit shall also be subject to the New York Uniform Commercial Code as in effect from time to time.
Appears in 3 contracts
Sources: Letter of Credit Agreement (Brinks Co), Letter of Credit Agreement (Brinks Co), Letter of Credit Agreement (Brinks Co)
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party Bank and the applicable L/C Applicant Borrower, when a Letter of Credit is issued either (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP or the UCP at the option of such L/C Applicant shall apply to each Letter of Credit.
Appears in 3 contracts
Sources: Credit Agreement (Micro Focus International PLC), Credit Agreement (Micro Focus International PLC), Credit Agreement (Micro Focus International PLC)
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable relevant Issuing Party Bank and the applicable L/C Applicant Borrower Agent when a Letter of Credit is issued either issued, the rules of the ISP or the UCP at the option of such L/C Applicant shall apply to each Standby Letter of Credit.
Appears in 2 contracts
Sources: Credit Agreement (Dave & Buster's Entertainment, Inc.), Credit Agreement (Dave & Buster's Entertainment, Inc.)
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable L/C Applicant when a Letter agreed, Letters of Credit is may be issued either subject to the rules of the ISP or and the UCP at the option of such L/C Applicant shall apply to each Letter of CreditUCP, as applicable.
Appears in 2 contracts
Sources: Credit Agreement (Pfsweb Inc), Credit Agreement (Pfsweb Inc)
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable Several L/C Applicant Agent, the Administrative Agent and the Company when a Letter of Credit is issued either issued, the rules of the ISP or the UCP at the option of such L/C Applicant shall apply to each Letter of CreditCredit unless, for regulatory purposes, the rules of the UCP must apply.
Appears in 2 contracts
Sources: Credit Agreement (American International Group, Inc.), Credit Agreement (American International Group, Inc.)
Applicability of ISP and UCP. Unless otherwise expressly agreed to by the Applicable relevant Issuing Party Bank and the applicable L/C Applicant relevant Borrower, when a Letter of Credit is issued either (a) the rules of the ISP or the UCP at the option of such L/C Applicant β β shall apply to each standby Letter of Credit and (b) the rules of the UCP shall apply to each commercial Letter of Credit.
Appears in 2 contracts
Sources: Credit Agreement (Deere & Co), Credit Agreement (Deere John Capital Corp)
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable L/C Applicant Issuer and the Borrower when a Letter of Credit is issued either (i) the rules of the ISP or the UCP at the option of such L/C Applicant shall apply to each Letter of Credit.to
Appears in 2 contracts
Sources: Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable L/C Applicant Borrower when a Letter of Credit is issued either issued, the rules of the ISP or (unless, for regulatory purposes, the rules of the UCP at are required) and, to the option extent not inconsistent therewith, the laws of such L/C Applicant the State of New York shall apply to each Letter of Creditapply.
Appears in 1 contract
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable L/C Applicant Borrower when a Letter of Credit is issued either (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP or shall apply unless, for regulatory purposes, the rules of the UCP at the option of such L/C Applicant shall apply to each Letter of Creditmust apply.
Appears in 1 contract
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party Bank and the applicable L/C Applicant Borrower when a Letter of Credit is issued either (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP or the and UCP at the option of such L/C Applicant shall apply to each standby Letter of Credit.
Appears in 1 contract
Sources: Credit Agreement (Trammell Crow Co)
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable L/C Applicant Account Party when a Letter of Credit is issued either issued, the rules of the ISP or (unless, for regulatory purposes, the rules of the UCP at are required) and, to the option extent not inconsistent therewith, the laws of such L/C Applicant the State of New York shall apply to each Letter of Creditapply.
Appears in 1 contract
Sources: Credit Agreement (Markel Corp)
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable L/C Applicant Issuer and the Borrower when a Letter of Credit is issued either (i) the rules of the ISP or the UCP at the option of such L/C Applicant shall apply to each Letter of Credit.apply
Appears in 1 contract
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable L/C Applicant Borrower when a Letter of Credit is issued either issued, the rules of the ISP or shall apply unless, for regulatory purposes, the rules of the UCP at the option of such L/C Applicant shall apply to each Letter of Creditmust apply.
Appears in 1 contract
Applicability of ISP and UCP. Unless otherwise expressly agreed by the Applicable Issuing Party and the applicable L/C Applicant Borrowers when a Letter of Credit is issued either issued, the rules of the ISP or the UCP at the option of such L/C Applicant shall apply to each Letter of Credit.
Appears in 1 contract