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LM-1.2.8

For purposes of Subparagraph LM-1.2.7 (b), irrevocable commitments include facilities:

(a) With a known date of drawdown within one month; and
(b) Without a known date of drawdown but carrying a notice period of within one month (including where the drawdown is on demand, i.e. requiring no notice period) except where conditions attached to the drawdown cannot be met in practice within one month.
January 2014