“Issuance” with respect to any Letter of Credit means the issuance, amendment to increase the face amount thereof, renewal or extension (other than Auto-Extension Letters of Credit) of such Letter of Credit.
“Issuance”Issue” means, with respect to any Letter of Credit meansCredit, to issue, extend the issuance, amendment toexpiry of, amend, renew or increase the maximum face amount thereof, renewal(including by deleting or extension (other than Auto-Extension Letters of Credit) ofreducing any scheduled decrease in such maximum face amount) of, such Letter of Credit. The terms “Issued”, “Issuing” and “Issuance” shall have a corresponding meaning.
“LC Issuance” with respect tomeans the issuance of any Letter of Credit meansby any LC Issuer for the issuance,account of an LC Obligor in accordance with the terms of this Agreement, and shall include any amendment to increasethereto that increases the face amount thereof, renewalStated Amount thereof or extension (other than Auto-Extension Letters of Credit)extends the expiry date of such Letter of Credit.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.