Common use of Contents of Letter of Credit Request Clause in Contracts

Contents of Letter of Credit Request. In connection with the Issuance or amendment of each Letter of Credit, the Borrower shall give the relevant Issuer and the Administrative Agent at least two (2) Business Days' prior written notice, in substantially the form of Exhibit H (Form of Letter of Credit Request) (or in such other written or electronic form as is acceptable to the Issuer), of the requested Issuance or amendment of such Letter of Credit (a "Letter of Credit Request"). Such notice shall be irrevocable and shall specify: the Issuer of such Letter of Credit; the stated amount of the Letter of Credit requested or to be amended, which in the case of an Issuance such stated amount shall not be less than two hundred and fifty thousand Dollars ($250,000); the date of Issuance or amendment of such requested Letter of Credit (which day shall be a Business Day); the date on which such Letter of Credit is to expire (which date shall be a Business Day); and the beneficiary of such Letter of Credit. Such notice, to be effective, must be received by the relevant Issuer and the Administrative Agent not later than 11:00 A.M. (New York time) on the last Business Day on which notice can be given under the immediately preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (National Steel Corp)

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Contents of Letter of Credit Request. In connection with the Issuance or amendment issuance of each Letter of Credit, the Borrower shall give the relevant Issuer and the Administrative Agent at least two (2) Business Days' prior written noticenotice (a "Letter of Credit Request"), in substantially the form of Exhibit H (Form of Letter of Credit Request) K (or in such other written or electronic form as is acceptable to the Issuer), of the requested Issuance or amendment issuance of such Letter of Credit (a "Letter of Credit Request")Credit. Such notice shall be irrevocable and shall specify: specify the Issuer of such Letter of Credit; , the stated amount of the Letter of Credit requested or to be amendedrequested, which in the case of an Issuance such stated amount shall not be less than two hundred and fifty thousand Dollars ($250,000) (or, if such Letter of Credit is to be denominated in an Alternative Currency, the Dollar Equivalent thereof); , the date of Issuance or amendment issuance of such requested Letter of Credit (which day shall be a Business Day); , the date on which such Letter of Credit is to expire (which date shall be a Business Day); ) and the beneficiary of such Person for whose benefit the requested Letter of CreditCredit is to be issued. Such notice, to be effective, must be received by the relevant Issuer and the Administrative Agent not later than 11:00 A.M. (New York City time) on the last Business Day on which notice can be given under the immediately preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (National Steel Corp)

Contents of Letter of Credit Request. In connection with the Issuance or amendment of each Letter of Credit, the Borrower shall give the relevant Issuer and the Administrative Agent at least two (2) Business Days' prior written notice, in substantially the form of Exhibit H I (Form of Letter of Credit Request) (or in such other written or electronic form as is acceptable to the Issuer), of the requested Issuance or amendment of such Letter of Credit (a "Letter of Credit Request"). Such notice shall be irrevocable and shall specify: the Issuer of such Letter of Credit; the stated amount of the Letter of Credit requested or to be amended, which in the case of an Issuance such stated amount shall not be less than two hundred and fifty thousand Dollars ($250,000); the date of Issuance or amendment of such requested Letter of Credit (which day shall be a Business Day); the date on which such Letter of Credit is to expire (which date shall be a Business Day); and the beneficiary of such Letter of Credit. Such notice, to be effective, must be received by the relevant Issuer and the Administrative Agent not later than 11:00 A.M. (New York time) on the last Business Day on which notice can be given under the immediately preceding sentence.

Appears in 1 contract

Samples: Credit Agreement (National Steel Corp)

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Contents of Letter of Credit Request. In ------------------------------------ connection with the Issuance or amendment of each Letter of Credit, the Borrower Borrowers shall give the relevant Issuer and the Administrative Agent at least two (2) Business Days' prior written notice, in substantially the form of Exhibit H (Form of Letter of Credit Request) F (or in such other written or electronic form as is acceptable --------- to the Issuer), of the requested Issuance or amendment of such Letter of Credit (a "Letter of Credit Request"). Such notice shall be irrevocable and ------------------------ shall specify: the Issuer of such Letter of Credit; the stated amount of the Letter of Credit requested or to be amended, which in the case of an Issuance such stated amount shall not be less than two one hundred and fifty thousand Dollars ($250,000100,000) (or such lower amount as may be acceptable to the Administrative Agent and the applicable Issuer in their sole discretion); the date of Issuance or amendment of such requested Letter of Credit (which day shall be a Business Day); the date on which such Letter of Credit is to expire (which date shall be a Business Day); and the beneficiary of such Letter of Credit. Such notice, to be effective, must be received by the relevant Issuer and the Administrative Agent not later than 11:00 A.M. (New York time) on the last Business Day on which notice can be given under the immediately preceding sentence.

Appears in 1 contract

Samples: Financing Agreement (Solutia Inc)

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