Documentary Credit Reports. Each Documentary Credit Lender shall furnish to the Administrative Agent on each Business Day a written report summarizing all Documentary Credit activity including issuances, increases, draws and the aggregate undrawn Face Amount (in the applicable currency and Equivalent U.S. $ Amount) and expiration dates of Documentary Credits issued by such Documentary Credit Lender as of such Business Day.
Documentary Credit Reports. The Swing Line Lender shall, on the date of each issuance, amendment and drawing of a Documentary Credit by it, give the Administrative Agent and the Borrowers written notice of the issuance, amendment or drawing, as applicable, of such Documentary Credit, accompanied by a copy of the Documentary Credit or Documentary Credits issued, amended or drawn.
Documentary Credit Reports. Each Documentary Credit Lender shall furnish to the Administrative Agent on each Business Day a written report summarizing all Documentary Credit activity including issuances, increases, - 76 - 1808964.02A-NYCSR03A - MSWLEGAL_1:80104430.16 draws and the aggregate undrawn Face Amount (in the applicable currency and Equivalent U.S. $ Amount) and expiration dates of Documentary Credits issued by such Documentary Credit Lender as of such Business Day. Section 4.05 Procedure for Issuance of Documentary Credits (1) Not later than 12:00 p.m. (local time at the place of Issue) on an applicable Issue Date, the issuing Documentary Credit Lender will complete and issue an appropriate Type of Documentary Credit (i) dated the Issue Date; (ii) in favour of the Beneficiary; (iii) in a Face Amount and currency equal to the amount referred to in Section 4.02(1); and (iv) with the maturity date as specified by the applicable Borrower in its Issue Notice. (2) No Documentary Credit shall require payment against a conforming draft to be made hereunder on the same Business Day upon which such draft is presented, if such presentation is made after 10:00 a.m. (New York time) on such Business Day. (3) Prior to the Issue Date, the applicable Documentary Credit Borrower shall specify precise description of the documents and the verbatim text of any certificates or the form of any documents to be presented by the Beneficiary which, if presented by the Beneficiary, would require the issuing Documentary Credit Lender to make payment under the Documentary Credit. The issuing Documentary Credit Lender may, before the issue of the Documentary Credit and in consultation with the applicable Documentary Credit Borrower, require changes in any such document or certificate. Section 4.06
Documentary Credit Reports. Each Documentary Credit Lender shall furnish (i) to the Administrative Agent on the first Business Day of each week a written report summarizing issuance and expiration dates of Documentary Credits issued by such Documentary Credit Lender during the previous week and drawings during such week under all Documentary Credits issued by such Documentary Credits, (ii) to the Administrative Agent on the first Business Day of each month a written report summarizing issuance and expiration dates of Documentary Credits issued by such Documentary Credit Lender during the preceding month and drawings during such month under all Documentary Credits issued by such Documentary Credit Lender and (iii) to the Administrative Agent and each Canadian Revolving Credit Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate undrawn Face Amount during the preceding calendar quarter of all Documentary Credits issued by such Documentary Credit Lender under the Canadian Revolving Credit Facility.
