Issuance, Amendment, Extension; Certain Conditions Sample Clauses

Issuance, Amendment, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment or extension of an outstanding Letter of Credit), the Borrower shall notify the Administrative Agent of such request by delivery (by hand delivery, facsimile or other electronic transmission) of a written Letter of Credit Request (or telephonic notice promptly confirmed thereafter by delivery of a written Letter of Credit Request) to the applicable Issuing Bank and the Administrative Agent at least three Business Days before the requested date of issuance, amendment or extension (or such shorter period as the applicable Issuing Bank and the Administrative Agent may agree), (i) requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended or extended and (ii) specifying (1) the date of issuance, amendment or extension (which shall be a Business Day), (2) the date on which such Letter of Credit is to expire (which shall comply with clause (d) of this Section 2.04), (3) the amount and currency of such Letter of Credit, (4) the name and address of the beneficiary thereof and (5) such other information as shall be necessary to prepare, amend or extend such Letter of Credit. If requested by the applicable Issuing Bank, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended (other than an amendment in respect of a then outstanding Letter of Credit that does not increase the available amount thereof) or extended only if (and upon issuance, amendment (other than an amendment in respect of a then outstanding Letter of Credit that does not increase the available amount thereof) or extension of any Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment (other than an amendment in respect of a then outstanding Letter of Credit that does not increase the available amount thereof) or extension, (A) the aggregate RC Facility Exposures shall not exceed the aggregate RC Facility Commitments, (B) the aggregate RC Facility Exposure of any Issuing Bank shall not exceed such Issuing Bank’s RC Facility Commitment, (C) the aggregate LC Exposure shall not exceed the LC Sublimit and (D) the aggregate Dollar Equivalent of the face amount of Letters of Credit issued by any Issuing Bank shall not exceed such Issuing Bank’s pro rata share (based upon its RC Facility Commitments)...
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