Common use of Issuance of Letter of Credit Clause in Contracts

Issuance of Letter of Credit. Upon satisfaction or waiver (in accordance with subsection 10.6) of the conditions set forth in subsection 4.5, the Issuing Lender shall issue the requested Letter of Credit in accordance with the Issuing Lender's standard operating procedures (any such issuance by Chase Co-Administrative Agent being effected through the Funding and Payment Office), and upon its issuance of such Letter of Credit the Issuing Lender shall promptly notify Chase Co-Administrative Agent and each Lender of such issuance, which notice shall be accompanied by a copy of such Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Account Portfolios Gp Inc), Credit Agreement (Gulf State Credit LLP), Credit Agreement (Sherman Acquisition Corp)

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Issuance of Letter of Credit. Upon satisfaction or waiver (in accordance with subsection 10.6) of the conditions set forth in subsection 4.54.3, the Issuing Lender shall issue the requested Letter of Credit in accordance with the Issuing Lender's standard operating procedures (any such issuance by Chase Co-Administrative Agent being effected through the Funding and Payment Office), and upon its issuance of such Letter of Credit the Issuing Lender shall promptly notify Chase Co-Administrative Agent and each Lender of such issuance, which notice shall be accompanied by a copy of such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Outsourcing Solutions Inc)

Issuance of Letter of Credit. Upon satisfaction ---------------------------- or waiver (in accordance with subsection 10.6) of the conditions set forth in subsection 4.54.3, the Issuing Lender shall issue the requested Letter of Credit in accordance with the Issuing Lender's standard operating procedures (any such issuance by Chase Co-Administrative Agent being effected through the Funding and Payment Office), and upon its issuance of such Letter of Credit the Issuing Lender shall promptly notify Chase Co-Administrative Agent and each Lender of such issuance, which notice shall be accompanied by a copy of such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc)

Issuance of Letter of Credit. Upon satisfaction or waiver ---------------------------- (in accordance with subsection 10.611.6) of the conditions set forth in subsection 4.54.4, the Issuing Lender shall issue the requested Letter of Credit in accordance with the Issuing Lender's standard operating procedures (any such issuance by Chase Co-Administrative Agent being effected through the Funding and Payment Office), and upon its issuance of such Letter of Credit the Issuing Lender shall promptly notify Chase Co-Administrative Agent and each Lender of such issuance, which notice shall be accompanied by a copy of such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Wec Co)

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Issuance of Letter of Credit. Upon satisfaction or waiver ---------------------------- (in accordance with subsection 10.6) of the conditions set forth in subsection 4.54.2, the Issuing Lender shall issue the requested Letter of Credit in accordance with the Issuing Lender's standard operating procedures (any such issuance by Chase Co-Administrative Agent being effected through the Funding and Payment Office), and upon its issuance of such Letter of Credit the Issuing Lender shall promptly notify Chase Co-Administrative Agent and each Lender of such issuance, which notice shall be accompanied by a copy of such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Aurora Foods Inc /De/)

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