#Each Letter of Credit shall be subject to the Uniform Customs or International Standby Practices (ISP98) or Uniform Customs & Practice for Documentary Credits (UCP600), as the case may be, and, to the extent not inconsistent therewith, the laws of any State of the United States or, if acceptable to the Required Banks and the relevant account party, the jurisdiction of the Issuing Office at which such Letter of Credit is issued.

Unless otherwise agreed by the Issuing Bank thereof, each Letter of Credit shall be subject toto, in the case of Commercial Letters of Credit, the Uniform Customs orCustoms, in the case of Standby Letters of Credit, the International Standby Practices (ISP98) or Uniform Customs & Practice1998 published by the International Chamber of Commerce Publication No. ​ (or such later version thereof) and, for Documentary Credits (UCP600), as the case may be, and,all Letters of Credit, to the extent not consistent or inconsistent therewith,with the aforementioned rules, the laws of anythe State of the United States or, if acceptable to the Required Banks and the relevant account party, the jurisdiction of the Issuing Office at which such Letter of Credit is issued.New York.

Unless otherwise expressly agreed by the Issuing Bank and the Borrower when a Letter of Credit is issued and subject to applicable laws, # each standby Letter of Credit shall be subject togoverned by the “International Standby Practices 1998” (ISP98) (or such later revision as may be published by the Institute of International Banking Law & Practice on any date any Letter of Credit may be issued), # each documentary Letter of Credit shall be governed by the Uniform Customs or International Standbyand Practices (ISP98) or Uniform Customs & Practice for Documentary Credits (UCP600)(2007 Revision), International Chamber of Commerce Publication No. ​ (or such later revision as may be published by the case may be, and, to the extent not inconsistent therewith, the lawsInternational Chamber of Commerce on any State of the United States or, if acceptable to the Required Banks and the relevant account party, the jurisdiction of the Issuing Office at which suchdate any Letter of Credit is issued.may be issued) and # the Borrower shall specify the foregoing in each letter of credit application submitted for the issuance of a Letter of Credit.

Unless otherwise expressly agreed by the applicable Issuing Bank and the Borrower when a Letter of Credit is issued and subject to applicable laws, # each standby Letter of Credit shall be subject togoverned by the “International Standby Practices 1998” (ISP98) (or such later revision as may be published by the Institute of International Banking Law & Practice on any date any Letter of Credit may be issued), # each documentary Letter of Credit shall be governed by the Uniform Customs or International Standbyand Practices (ISP98) or Uniform Customs & Practice for Documentary Credits (UCP600)(2007 Revision), International Chamber of Commerce Publication No. ​ (or such later revision as may be published by the case may be, and, to the extent not inconsistent therewith, the lawsInternational Chamber of Commerce on any State of the United States or, if acceptable to the Required Banks and the relevant account party, the jurisdiction of the Issuing Office at which suchdate any Letter of Credit is issued.may be issued) and # the Borrower shall specify the foregoing in each letter of credit application submitted for the issuance of a Letter of Credit.

Applicability of Credit shall be subject toISP and UCP. Unless otherwise expressly agreed by the Uniform Customs or International Standby Practices (ISP98) or Uniform Customs & Practice for Documentary Credits (UCP600), as the case may be, and, to the extent not inconsistent therewith, the laws of any State of the United States or, if acceptable to the Required BanksL/C Issuer and the relevant account party, the jurisdiction of the Issuing Office at which suchBorrower when a Letter of Credit is issued.issued, # the rules of the ISP shall apply to each standby Letter of Credit, and # the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance shall apply to each commercial Letter of Credit.

Applicability of Credit shall be subject to​ and UCP. Unless otherwise expressly agreed by the Uniform Customs or International Standby Practices (ISP98) or Uniform Customs & Practice for Documentary Credits (UCP600), as the case may be, and, to the extent not inconsistent therewith, the laws of any State of the United States or, if acceptable to the Required BanksIssuing ​ and the relevant account party, the jurisdiction of the Issuing Office at which suchBorrowers when a Letter of Credit is issued.issued (including any such agreement applicable to an Existing Letter of Credit), # 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) (the “​”) shall apply to each standby Letter of Credit, and # the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce (the “ICC”) at the time of issuance (including the ICC decision published by the Commission on Banking Technique and Practice on ​ regarding the European single currency (euro)) (the “UCP”) shall apply to each commercial Letter of Credit.

Applicability of Credit shall be subject to​ and UCP. Unless otherwise expressly agreed by the Uniform Customs or International Standby Practices (ISP98) or Uniform Customs & Practice for Documentary Credits (UCP600), as the case may be, and, to the extent not inconsistent therewith, the laws of any State of the United States or, if acceptable to the Required Banksapplicable L/C Issuer and the relevant account party, the jurisdiction of the Issuing Office at which suchBorrower when a Letter of Credit is issued.issued, # either # 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) or # the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce, at the election of the applicable L/C Issuer, shall apply to each standby Letter of Credit and # the rules of the Uniform Customs and Practice for Documentary Credits, as most recently published by the International Chamber of Commerce at the time of issuance, shall apply to each commercial Letter of Credit.

months after such Letter of Credit’s date of issuance and in no event later than the last day of the Term. Each standby Letter of Credit shall be subject either to the Uniform Customs and Practice for Documentary Credits as most recently published by the International Chamber of Commerce at the time a Letter of Credit is issued (the “UCP”) or the International Standby Practices (International Chamber of Commerce Publication Number ​), or any subsequent revision thereof at the time a standby Letter of Credit is issued, as determined by Issuer, and each trade Letter of Credit shall be subject to the Uniform Customs or International Standby Practices (ISP98) or Uniform Customs & Practice for Documentary Credits (UCP600), as the case may be, and, to the extent not inconsistent therewith, the laws of any State of the United States or, if acceptable to the Required Banks and the relevant account party, the jurisdiction of the Issuing Office at which such Letter of Credit is issued.UCP.