Example ContractsClausesusageVariants
Usage
Usage contract clause examples

with respect to such Defaulting [[Organization C:Organization]]’s Letter of Credit Usage shall be payable to the applicable Issuing Bank until and to the extent that such Letter of Credit Usage is reallocated and/or Cash Collateralized.

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if all or any portion of such Defaulting [[Organization C:Organization]]’s Letter of Credit Usage is neither reallocated nor Cash Collateralized pursuant to [clause (A) or (B) above], then, without prejudice to any rights or remedies of any Issuing Bank or any other [[Organization C:Organization]] hereunder, all fees payable under [Section 2.09(a)(ii)]

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