Common use of Issuance and Addition Clause in Contracts

Issuance and Addition. (1) A Borrower shall give the Agent and the Issuing Bank from which it is requesting a Letter of Credit at least three Business Days’ (or such shorter period as agreed to by the Agent and such Issuing Bank) prior notice, in the form of Exhibit D-1 (a “Notice of Letter of Credit”), specifying the Business Day such Letter of Credit is to be issued and the account party or parties therefor and describing in reasonable detail the proposed terms of such Letter of Credit (including the beneficiary thereof) and the nature of the transactions or obligations proposed to be supported thereby; provided that no Borrower may request a Letter of Credit (i) to support any Debt, (ii) in favor of the proposed Issuing Bank for such Letter of Credit or any of its affiliates as beneficiary if such beneficiary is serving in that capacity as a fiduciary, or trustee, for the interests of any other Person or (iii) for any unlawful purpose.

Issuance and Addition. (1) A Borrower shall give the Agent and the Issuing Bank from which it is requesting a Letter of Credit at least three Business Days’ ' (or such shorter period as agreed to by the Agent and such Issuing Bank) prior notice, in the form of Exhibit D-1 (a “"Notice of Letter of Credit”"), specifying the Business Day such Letter of Credit is to be issued and the account party or parties therefor and describing in reasonable detail the proposed terms of such Letter of Credit (including the beneficiary thereof) and the nature of the transactions or obligations proposed to be supported thereby; provided that no Borrower may request a Letter of Credit (i) to support any Debt, (ii) in favor of the proposed Issuing Bank for such Letter of Credit or any of its affiliates as beneficiary if such beneficiary is serving in that capacity as a fiduciary, or trustee, for the interests of any other Person or (iii) for any unlawful purpose.

Issuance and Addition. (1) A Borrower shall give the Agent and the Issuing Bank from which it is requesting a Letter of Credit at least three Business Days’ (or such shorter period as agreed to by the Agent and such Issuing Bank) prior notice, in the form of Exhibit D-1 (a “Notice of Letter of Credit”), specifying the Business Day such Letter of Credit is to be he issued and the account party or parties therefor and describing in reasonable detail the proposed terms of such Letter of Credit (including the beneficiary thereof) and the nature of the transactions or obligations proposed to be supported thereby; provided that no Borrower may request a Letter of Credit (i) to support any Debt, (ii) in favor of the proposed Issuing Bank for such Letter of Credit or any of its affiliates as beneficiary if such beneficiary is serving in that capacity as a fiduciary, or trustee, for the interests of any other Person or (iii) for any unlawful purpose.