Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1) the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Availability of the Borrower at such time; or (3) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of standby letters of credit or six (6) months from the date of issuance in the case of letters of credit issued to support purchases of Inventory.
Appears in 3 contracts
Samples: Loan and Security Agreement (Sweetheart Holdings Inc \De\), Loan and Security Agreement (Sweetheart Holdings Inc \De\), Loan and Security Agreement (Sweetheart Holdings Inc \De\)
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1) the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Availability of the Borrower at such time; or (3) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of a standby letters Letter of credit or six (6) months from the date of issuance Credit and 180 days in the case of letters a merchandise Letter of credit issued to support purchases of InventoryCredit.
Appears in 2 contracts
Samples: Loan and Security Agreement (United States Leather Inc /Wi/), Loan and Security Agreement (United States Leather Inc /Wi/)
Amounts; Outside Expiration Date. The Agent shall not have any -------------------------------- obligation to take steps to issue or cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1i) the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2ii) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Availability of the Borrower at such time; or (3iii) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of standby letters of credit or six (6) months from the date of issuance in the case of letters of credit issued to support purchases of Inventoryissuance.
Appears in 1 contract
Samples: Loan and Security Agreement (Advanced Micro Devices Inc)
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to issue or cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1i) the maximum undrawn face amount of the requested Letter of Credit or Credit Support is greater than the Unused Letter of Credit Subfacility at such time; (2ii) the maximum undrawn amount of the requested Letter of Credit or Credit Support and all commissions, fees, and charges due from the such Borrower in connection with the opening thereof would exceed the Domestic Availability of the Borrower at such time; or (3iii) such Letter of Credit or Credit Support has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) calendar months from the date of issuance in the case of for standby letters of credit or and six (6) calendar months from the date of issuance in the case of for commercial/documentary letters of credit issued to support purchases of Inventorycredit.
Appears in 1 contract
Amounts; Outside Expiration Date. The Administrative Agent shall not have any obligation to take steps to issue or cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1i) the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2ii) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Availability of the Borrower at such time; or (3iii) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of for standby letters of credit or six (6) months from the date of issuance in the case of and 180 days for commercial/documentary letters of credit issued to support purchases of Inventorycredit.
Appears in 1 contract
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to issue or cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1i) the maximum undrawn face amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2ii) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Availability of the Borrower at such time; or (3iii) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of for standby letters of credit or six (6) months from the date of issuance in the case of and 180 days for merchandise letters of credit issued to support purchases of Inventorycredit.
Appears in 1 contract
Samples: Loan and Security Agreement (Anchor Glass Container Corp /New)
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to issue or cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1i) the maximum undrawn face amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2ii) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower Borrowers in connection with the opening thereof exceed the Availability of the Borrower at such time; or (3iii) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of for standby letters of credit or six (6) months from the date of issuance in the case of and 180 days for merchandise letters of credit issued to support purchases of Inventorycredit.
Appears in 1 contract
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to issue or cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1i) the maximum undrawn face amount of the requested Letter of Credit or Credit Support is greater than the Unused Letter of Credit Subfacility at such time; (2ii) the maximum undrawn amount of the requested Letter of Credit or Credit Support and all commissions, fees, and charges due from the such Borrower in connection with the opening thereof would exceed the Availability of the Borrower at such time; or (3iii) such Letter of Credit or Credit Support has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) calendar months from the date of issuance in the case of for standby letters of credit or and six (6) calendar months from the date of issuance in the case of for commercial/documentary letters of credit issued to support purchases of Inventorycredit.
Appears in 1 contract
Samples: Credit Agreement (Egl Inc)
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to issue or cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1i) the maximum undrawn face amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2ii) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower Borrowers in connection with the opening thereof exceed the Availability of for the applicable Borrower or Total Availability at such time; or (3iii) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of for standby letters of credit or six (6) months from the date of issuance in the case of and 180 days for merchandise letters of credit issued to support purchases of Inventorycredit.
Appears in 1 contract
Amounts; Outside Expiration Date. The Agent shall not have any -------------------------------- obligation to take steps to cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1) the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower Borrowers in connection with the opening thereof exceed the Availability of the Borrower Borrowers at such time; or (3) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of standby letters of credit or six (6) months from the date of issuance in the case of letters of credit issued to support purchases of Inventoryissuance.
Appears in 1 contract
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to issue or cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1i) the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2ii) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Availability of the Borrower at such time; or (3iii) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of standby letters of credit or six (6) months from the date of issuance in the case of letters of credit issued to support purchases of Inventoryissuance.
Appears in 1 contract
Samples: Loan and Security Agreement (Parker Drilling Co /De/)
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1) the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Availability of the Borrower at such time; or (3) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of standby letters of credit or six (6) months from the date of issuance in the case of letters of credit issued to support purchases of Inventoryissuance.
Appears in 1 contract
Samples: Loan and Security Agreement (Centrum Industries Inc)
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to issue or cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1i) the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2ii) the maximum undrawn amount of the requested Letter of Credit and all commissions, fees, and charges due from the Borrower in connection with the opening thereof exceed the Availability of the Borrower at such time; or (3iii) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) months from the date of issuance in the case of standby letters of credit or six (6) months from the date of issuance in the case of letters of credit issued to support purchases of Inventoryissuance.
Appears in 1 contract
Samples: Loan and Security Agreement (Advanced Micro Devices Inc)
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to issue or cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1i) the maximum undrawn face amount of the requested Letter of Credit or Credit Support is greater than the Unused Letter of Credit Subfacility at such time; (2ii) the maximum undrawn amount of the requested Letter of Credit or Credit Support and all commissions, fees, and charges due from the Borrower in connection with the opening thereof would exceed the Availability of the Borrower at such time; or (3iii) such Letter of Credit or Credit Support has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12) calendar months from the date of issuance in the case of for standby letters of credit or and six (6) calendar months from the date of issuance in the case of for commercial/documentary letters of credit issued to support purchases of Inventorycredit.
Appears in 1 contract
Samples: Credit Agreement (Texas Petrochemical Holdings Inc)
Amounts; Outside Expiration Date. The Agent shall not have any obligation to take steps to cause to be issued any Letter of Credit or to provide Credit Support for any Letter of Credit at any time if: (1) the maximum undrawn amount of the requested Letter of Credit is greater than the Unused Letter of Credit Subfacility at such time; (2) the maximum undrawn amount of the requested Letter of Credit for the account of a Borrower and all commissions, fees, and charges due from the such Borrower in connection with the opening thereof exceed the Availability of the such Borrower at such time; or (3) such Letter of Credit has an expiration date later than thirty (30) days prior to the Stated Termination Date or more than twelve (12i) months one hundred eighty (180) days from the date of issuance in the case of standby letters documentary Letters of credit Credit or six (6ii) months three hundred sixty-five (365) days from the date of issuance in the case of letters any other Letters of credit issued to support purchases of InventoryCredit.
Appears in 1 contract
Samples: Loan and Security Agreement (Strategic Distribution Inc)