Common use of Issuance of Letter of Credit Clause in Contracts

Issuance of Letter of Credit. On the Closing Date, subject to the conditions hereinafter set forth and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, Administrative Agent shall direct Issuing Bank to issue, and Issuing Bank shall issue, the Letter of Credit for the account of Company. Such Letter of Credit shall be denominated in Dollars. Administrative Agent may assume, as to the Issuing Bank and any Lender, that none of the conditions specified in Section 5.8 are applicable as to such Person, unless Administrative Agent shall have received a notice from such Person specifically entitled “Notice under Section 5.8,” specifying the condition or conditions that are applicable to such Person. Company hereby represents and warrants that none of the conditions specified in Section 5.8 are applicable as to Company.