Issuance of Credits. Each Credit shall be issued not later than three (3) Business Days after receipt by the Bank of the Credit Application related thereto. No later than 12:00 noon (Central Time.) on the third Business Day following receipt of the Credit Application and upon fulfillment of the applicable conditions set forth in this Agreement, the Bank shall issue its Credit. The Bank ma: y rely fully and completely upon the authority of the signatory of the Credit Application and the contents thereof unless such authority is terminated by written notice delivered to the Bank, and any such termination of authority shall be effective only prospectively.
Issuance of Credits. Subject to Section 2.4, the Bank hereby agrees to issue Sight Credits, Usance Credits and Standby Credits. Sight Credits, Usance Credits and Standby Credits may be issued for the purpose of purchasing inventory consisting of action sports products including in-line skates, skateboards and scooters; outdoor products including instant canopies and trampolines; and protective products including wrist guards, elbow/knee pads and helmets.
Issuance of Credits. Client agrees to adopt Cyber High courses as part of Client’s approved course list. Upon Client User Student course completion, FCSS will make an Official Grade Report digitally available to the Student’s school of record. It is incumbent upon the Client to record the grade(s) and issue credit in accordance with Client’s school and/or prevailing District policy.
Issuance of Credits. Subject to the terms and conditions of this Agreement, the Bank agrees to issue Credits to Beneficiaries at any time and from time to time prior to April 28, 2005 (such period, as it may be earlier terminated pursuant to Section 2(b) or Section 14 of this Agreement being the “Facility Term”) upon the written request of an Applicant (in the form of Exhibit B hereto, as the same may be modified from time to time to reflect changes in the form of the Bank’s customary letter of credit application), but only so long as, on the date of issuance, and after giving effect to such issuance, (i) no Event of Default or Potential Default then exists or would then exist, (ii) the Applicants’ representations in Section 12 of this Agreement are and would be true and correct in all material respects, and (iii) the sum of (A) the aggregate undrawn face amount of all then outstanding Credits (including the Credit then proposed to be issued) and (B) the aggregate amount of all sums then owing to the Bank pursuant to Section 3 of this Agreement shall not be greater than the Facility Maximum. Notwithstanding the provisions of the immediately preceding sentence, if the “Expiration Date” of the Credit Agreement is extended pursuant to an amendment or other writing to which the Bank is a party, the Facility Term shall automatically and without further action by the Bank or the Applicants be extended to end on the date that is the earlier of (A) November 7, 2005 and (B) the “Expiration Date” of the Credit Agreement, as so extended by such amendment or other writing.
Issuance of Credits. Proxhill has the full right and authority to issue the Prepaid Purchase Order to the Company hereunder and the same when issued, will be duly and validly issued.
Issuance of Credits. The Bank will issue the Credit for the account of the Guarantor and for the benefit of the Assuming Bank on the date hereof and subject to the terms and conditions set forth in the Interbank Agreement.
Issuance of Credits. In order to receive Outage Credit, Customer must (a) immediately report the Outage to the NCC and open a trouble ticket and (b) make a written request for an Outage Credit within seven (7) days following the end of the month in which the Outage occurred. Upon receipt of Xxxxxxxx’s request, Zayo will investigate the claim under the terms described in this Customer Schedule. Credits will be granted only if Customer has paid all outstanding invoices by the Due Dates thereof. The issuance of credits pursuant to this Section is Zayo's sole obligation and Customer's sole remedy for any failure or non-performance of Offerings set forth in this Customer Schedule. Outage Credits shall be deducted from the charges payable by Customer hereunder and shall be expressly indicated on the Customer invoice.
Issuance of Credits. The Bank hereby agrees to issue Letters of Credit for and on behalf of Borrower for the purpose of (a) supporting the Borrower's workxxx'x xxxpensation self-insurance program, and (b) bonding and liability insurance, provided that the aggregate amount of Advances outstanding at any time plus the then outstanding Letter of credit Obligations shall not exceed the Revolving Credit Limit. .
Issuance of Credits. Each Credit shall be issued by the Bank at its ------------------- option, but if so issued, then substantially in accordance with the Customer's application, including any amendments thereto. As used in this Agreement, the term "Customer" means any party signing the application for a Credit, whether as applicant or account party. Each Credit shall be issued by the Bank subject to the terms and conditions of this Agreement.
Issuance of Credits
