DEMANDS UNDER A LETTER OF CREDIT OR GUARANTEE. If a demand for payment is made under a Letter of Credit or Guarantee on the Issuer, the Issuer shall promptly notify the Agent of such demand and pay the sum demanded in accordance with the terms of the relevant Letter of Credit or Guarantee, whereupon:
Appears in 5 contracts
Samples: Revolving Credit Agreement (Millennium Chemicals Inc), Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc)
