“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance).
ISP means, with respect to any Letter of Credit, the International Standby Practices 1998 published by the Institute of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance).
ISP means, with respect to any Letter of Credit, the International Standby Practices 1998 published by the Institute of International Banking [[Organization C:Organization]] & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance).
ISP means, with respect to any Letter of Credit, the International Standby Practices 1998 (International Chamber of Commerce Publication No. ) and any subsequent revision thereof adopted by the International Chamber of Commerce on the date such Letter of Credit is issued.
ISP 98 means, with respect to any Letter of Credit, the International Standby Practices 1998 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).
Applicability of ISP. Unless otherwise expressly agreed by the applicable Issuing Bank and the when a standby Letter of Credit is issued, the rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall apply to such standby Letter of Credit.
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