Common use of Applicability of ISP Clause in Contracts

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Company when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, no L/C Issuer shall be responsible to the Company or any other Permitted L/C Party for, and no L/C Issuer’s rights and remedies against the Company or any other Permitted L/C Party shall be impaired by, any action or inaction of such L/C Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such L/C Issuer or the beneficiary is located, the practice stated in the ISP or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter or when it is amended with the consent of Credit)the beneficiary thereof, the rules of the ISP shall apply to each Letter of CreditCredit and as to all matters not governed thereby, the law of the State of New York. Notwithstanding the foregoing, no L/C Issuer Issuing Bank shall be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuereach Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law law or any order of a jurisdiction where such L/C Issuer Issuing Bank or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — – International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Company Borrower when a Letter of Credit is issued or when it is amended with the consent of the beneficiary thereof, (including any such agreement applicable to an Existing Letter of Credit), i) the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding the foregoing, no L/C Issuer the applicable Issuing Bank shall not be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuerthe applicable Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer the applicable Issuing Bank required or permitted under any law, order, order or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law applicable law or any order of any Governmental Authority in a jurisdiction where such L/C Issuer the applicable Issuing Bank or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, statements or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter or when it is amended with the consent of Credit)the beneficiary thereof, the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding the foregoing, no L/C Issuer the applicable Issuing Bank shall not be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuerthe applicable Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer the applicable Issuing Bank required or permitted under any law, order, order or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law applicable law or any order of any Governmental Authority in a jurisdiction where such L/C Issuer the applicable Issuing Bank or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, statements or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer any Issuing Bank and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, no L/C Issuer Issuing Bank shall be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuersuch Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law law or any order of a jurisdiction where such L/C Issuer Issuing Bank or the beneficiary is located, the practice stated in the ISP or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — –International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter or when it is amended with the consent of Credit)the beneficiary thereof, the rules of the ISP shall apply to each Letter of CreditCredit and as to all matters not governed thereby, the law of the State of New York. Notwithstanding the foregoing, no L/C Issuer Issuing Bank shall be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuereach Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law law or any order of a jurisdiction where such L/C Issuer Issuing Bank or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter or when it is amended with the consent of Credit)the beneficiary thereof, the rules of the ISP shall apply to each Letter of CreditCredit and as to all matters not governed thereby, the law of the State of New York. Notwithstanding the foregoing, no L/C Issuer Issuing Bank shall be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuereach Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law law or any order of a jurisdiction where such L/C Issuer Issuing Bank or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Company Borrowers when a Letter of Credit is issued by it (including any such agreement applicable to an Existing a Letter of CreditCredit that exists as of the Second Amendment Effective Date), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, no the L/C Issuer shall not be responsible to the Company or any other Permitted L/C Party Borrowers for, and no the L/C Issuer’s rights and remedies against the Company or any other Permitted L/C Party Borrowers shall not be impaired by, any action or inaction of such the L/C Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such the L/C Issuer or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — – International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer any Issuing Bank and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, no L/C Issuer Issuing Bank shall be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuersuch Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law law or any order of a jurisdiction where such L/C Issuer Issuing Bank or the beneficiary is located, the practice stated in the ISP or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — – International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoingforgoing, no the applicable L/C Issuer shall not be responsible to the Company or any other Permitted L/C Party Borrower for, and no the applicable L/C Issuer’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such the applicable L/C Issuer required or specifically contemplated and permitted under any law, order, or practice that is required or specifically contemplated and permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such the applicable L/C Issuer or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & and Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter or when it is amended with the consent of Credit)the beneficiary thereof, the rules of the ISP shall apply to each Letter of CreditCredit and as to all matters not governed thereby, the law of the State of New York. Notwithstanding the foregoing, no L/C Issuer Issuing Bank shall be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuereach Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law law or any order of a jurisdiction where such L/C Issuer Issuing Bank or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — Trade—International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Company Borrower, when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter or when it is amended with the consent of Credit)the beneficiary thereof, the rules of the ISP shall apply to each standby Letter of CreditCredit and as to all matters not governed thereby, the law of the State of New York. Notwithstanding the foregoing, no L/C Issuer Issuing Bank shall be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuereach Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer required Issuing Bank or permitted under any law, order, order or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law law or any order of a jurisdiction where such L/C Issuer Issuing Bank or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, statements or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — Trade-International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter or when it is amended with the consent of Credit)the AMERICAS 123601947 99 beneficiary thereof, the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding the foregoing, no L/C Issuer the applicable Issuing Bank shall not be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuerthe applicable Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer the applicable Issuing Bank required or permitted under any law, order, order or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law applicable law or any order of any Governmental Authority in a jurisdiction where such L/C Issuer the applicable Issuing Bank or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, statements or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, no the applicable L/C Issuer shall not be responsible to the Company or any other Permitted L/C Party Borrower for, and no the applicable L/C Issuer’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such the applicable L/C Issuer required or specifically contemplated and permitted under any law, order, or practice that is required or specifically contemplated and permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such the applicable L/C Issuer or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, statements or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — – International Financial Services Association (BAFT-IFSA), ) or the Institute of International Banking Law & and Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoingforgoing, no the applicable L/C Issuer shall not be responsible to the Company or any other Permitted L/C Party Borrower for, and no the applicable L/C Issuer’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such the applicable L/C Issuer required or specifically contemplated and permitted under any law, order, or practice that is required or specifically contemplated and permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such the applicable L/C Issuer or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — – International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & and Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Company U.S. Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, no the L/C Issuer shall not be responsible to the Company or any other Permitted L/C Party U.S. Borrower for, and no the L/C Issuer’s rights and remedies against the Company or any other Permitted L/C Party U.S. Borrower shall not be impaired by, any action or inaction of such the L/C Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such the L/C Issuer or the beneficiary is located, the practice stated in the ISP or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Company Borrower when a Letter of Credit is issued by it (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding the foregoing, no the L/C Issuer shall not be responsible to the Company or any other Permitted L/C Party Borrower for, and no the L/C Issuer’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such the L/C Issuer required 4888-1961-8421 v.3 or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such the L/C Issuer or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer Issuing Bank and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter or when it is amended with the consent of Credit)the beneficiary thereof, the rules of the ISP shall apply to each Letter of CreditCredit and as to all matters not governed thereby, the law of the State of New York. Notwithstanding the foregoing, no L/C Issuer Issuing Bank shall be responsible to the Company or any other Permitted L/C Party Borrower for, and no L/C Issuereach Issuing Bank’s rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such L/C Issuer Issuing Bank required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law law or any order of a jurisdiction where such L/C Issuer Issuing Bank or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — – International Financial Services Association (BAFT-BAFT- IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Company Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoingforgoing, no the applicable L/C Issuer shall not be responsible to the Company or any other Permitted L/C Party Borrower for, and no the applicable L/C Issuer’s 's rights and remedies against the Company or any other Permitted L/C Party Borrower shall not be impaired by, any action or inaction of such the applicable L/C Issuer required or specifically contemplated and permitted under any law, order, or practice that is required or specifically contemplated and permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such the applicable L/C Issuer or the beneficiary is located, the practice stated in the ISP ISP, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & and Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Company a Borrower when a Letter of Credit is issued (including any such agreement applicable to an Existing Multi-Currency Letter of Credit), the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding the foregoing, no the L/C Issuer shall not be responsible to the Company or any other Permitted L/C Party Borrower for, and no the L/C Issuer’s rights and remedies against the Company or any other Permitted L/C Party Borrowers shall not be impaired by, any action or inaction of such the L/C Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Credit Agreement, including the Law or any order of a jurisdiction where such the L/C Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, statements or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — International Financial Services Association (BAFT-BAFT IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

Applicability of ISP. Unless otherwise expressly agreed by the applicable L/C Issuer and the Company when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. Notwithstanding the foregoing, no L/C Issuer shall be responsible to the Company or any other Permitted L/C Party for, and no L/C Issuer’s rights and remedies against the Company or any other Permitted L/C Party shall be impaired by, any action or inaction of such L/C Issuer required or permitted under any law, order, or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where such L/C Issuer or the beneficiary is located, the practice stated in the ISP or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade — – International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.