Common use of Form of Letters of Credit Clause in Contracts

Form of Letters of Credit. No Issuing Bank shall be obligated to issue any letter of credit which is unsatisfactory in form, substance or beneficiary to any of the Issuing Banks in the exercise of its reasonable judgment consistent with its customary practice.

Form of Letters of Credit. No The Issuing Bank shall be obligated have no obligation to issue any letter of credit which is unsatisfactory in form, substance or beneficiary to any of the Issuing Banks Bank in the exercise of its reasonable judgment consistent with its customary practice.practice (it being understood that the standard form of letter of credit required by Lloyd's from time to time will be found satisfactory by the Issuing Bank unless issuance of a letter of credit in such form would violate Law). The Issuing Bank may not object to a letter of credit on