Additional LC Issuers Sample Clauses
Additional LC Issuers. The Borrower Representative may, at any time and from time to time, designate one or more additional Revolving Lenders to act as an LC Issuer under the terms of this Agreement, with the consent of each of the Administrative Agent (which consent shall not be unreasonably withheld), the LC Issuer (which consent shall not be unreasonably withheld) and such Revolving Lender(s). Any Revolving Lender designated as an LC Issuer pursuant to this Section 2.3(j) shall be deemed (in addition to being a Revolving Lender) to be the LC Issuer with respect to Letters of Credit issued or to be issued by such Revolving Lender, and all references herein and in the other Credit Documents to the term “LC Issuer” shall, with respect to such Letters of Credit, be deemed to refer to such Revolving Lender in its capacity as LC Issuer, as the context shall require.
Additional LC Issuers. Any Lender hereunder may become an LC Issuer of Letters of Credit issued in Dollars upon receipt by the Administrative Agent of a fully executed Notice of Additional LC Issuer which shall be signed by the Borrower and such new LC Issuer. Such new LC Issuer shall provide its commitment to issue Letters of Credit in Dollars in such Notice of Additional LC Issuer, as such commitment may be adjusted from time to time in accordance with this Agreement; provided, for the avoidance of doubt, that no LC Issuer’s Letter of Credit Commitment may be increased without the written consent of such LC Issuer.
Additional LC Issuers. The Borrower may, at any time and from time to time, with the consent of the Administrative Agent (which consent shall not be unreasonably withheld or delayed) and the designated Person, designate one or more additional Lenders or another financial institution to act as an LC Issuer under the terms of this Agreement, and any Lender so designated shall become an LC Issuer hereunder.
Additional LC Issuers. From time to time, Borrower may by notice to Administrative Agent designate up to one other Lender (in addition to Calyon New York Branch (with respect to the Security Fund LC) and CoBank, ACB, with respect to the DSR Letters of Credit) that agrees (in its sole discretion) to act in such capacity and is reasonably satisfactory to Administrative Agent as a LC Issuer. Each such additional LC Issuer shall execute a counterpart of this Agreement in such capacity upon the approval of Administrative Agent (which approval shall not be unreasonably withheld or delayed) and shall thereafter be, as applicable, a DSR LC Issuer or Security Fund LC Issuer hereunder for all purposes; provided that Borrower may designate such other Lender to act as a Security Fund LC Issuer only if (a) the existing Security Fund LC Issuer no longer satisfies the requirements to issue a “Letter of Credit” under Section 11.1 of the Power Purchase Agreement, and (b) the new Security Fund LC Issuer satisfies the requirements to issue a “Letter of Credit” under Section 11.1 of the Power Purchase Agreement.
Additional LC Issuers. Any Lender hereunder may become an LC Issuer upon receipt by the Administrative Agent of a fully executed Notice of Additional LC Issuer which shall be signed by the Borrower, the Administrative Agent and the applicable LC Issuer. Such new LC Issuer shall provide its commitment to issue Letters of Credit in such Notice of Additional LC Issuer.