Common use of Issuance of Letter of Credit Clause in Contracts

Issuance of Letter of Credit. Subject to the terms and conditions of this Agreement and the Letter of Credit Request, and subject to the policies, procedures, and requirements of Lender in effect from time to time for the issuance of any letter of credit (including without limitation payment of the Letter of Credit Fee), Lender agrees to issue on or before the Maturity Date a Letter of Credit upon request by and for the account of the Borrower, provided that Borrower has delivered to Lender: (a) A completed and executed Letter of Credit Request, together with the required application and/or amendment documents in the forms attached hereto as Exhibit “B”, and (b) Payment of the required Letter of Credit Fee; and provided further that (i) the Letter of Credit shall not be required to be issued for a term of more than twelve (12) Calendar Months (but in no event later than the applicable Maturity Date), (ii) the Letter of Credit shall not be required to be issued for an amount in excess of the LOC Maximum Commitment Amount, (iii) the amount of the Letter of Credit, together with any and all existing Letters of Credit previously issued hereunder, shall not in the aggregate exceed the LOC Total Commitment Amount, and (iv) in any event, the date that is the last date for payment of a draft drawn or drawn and accepted under the Letter of Credit shall be before the Maturity Date.

Issuance of Letter of Credit. Subject to the terms and conditions of this Agreement and the each Letter of Credit Request, and subject to the policies, procedures, and requirements of Lender Letter of Credit Provider in effect from time to time for the issuance of any letter of credit (including without limitation payment of the letter of credit fees), Letter of Credit Fee)Provider, Lender agrees to acting for and on behalf of all Lenders, shall issue on or before the Maturity Master Line Termination Date a Letter one (1) or more Letter(s) of Credit upon request by and for the account of the Borrower, provided that Borrower has delivered to LenderAgent and Letter of Credit Provider: (a) A completed and executed Letter of Credit Request, together with the required application and/or amendment documents in the forms attached hereto as Exhibit “B”, and (b) Payment of the required Letter of Credit Fee; and provided further that (i) the Letter of Credit shall not be required to be issued for a term of more than twelve (12) Calendar Months (but in no event expiring later than ten (10) days prior to the applicable Master Line Maturity Date), (ii) the Letter of Credit shall not be required to be issued for an amount in excess of the LOC Maximum Commitment AmountLetter of Credit Line, (iii) the amount of the Letter of Credit, together with any and the undrawn face amount of all existing Letters of Credit previously issued hereunder, shall not in the aggregate exceed the LOC Total Commitment AmountLetter of Credit Line, and (iv) in any event, the date that is the last date for payment of a draft drawn or drawn and accepted under the Letter of Credit shall be before ten (10) days prior to the Master Line Maturity Date.

Issuance of Letter of Credit. Subject to the terms and conditions of this Agreement and the Letter of Credit Request, and subject to the policies, procedures, and requirements of Lender in effect from time to time for the issuance of any letter of credit (including without limitation payment of the Letter of Credit FeeFees), Lender agrees to issue on or before the Maturity Date a Letter of Credit upon request by and for the account of the Borrower, provided that Borrower has delivered to Lender: (a) A completed and executed Letter of Credit Request, together with the required application and/or amendment documents in the forms attached hereto as Exhibit “B”, (b) A completed and executed Letter of Credit Application, and (bc) Payment of the required Letter of Credit Fee; and provided further that (i) the Letter of Credit shall not be required to be issued for a term of more than twelve (12) Calendar Months (but in no event later than the applicable Maturity DateDate plus the Reduction Period), (ii) the Letter of Credit shall not be required to be issued for an amount in excess of the LOC Maximum Commitment Amount, (iii) the amount of the Letter of Credit, together with any and all existing Letters of Credit previously issued hereunder, shall not in the aggregate exceed the LOC Total Commitment Amount, and (iv) in any event, the date that is the last date for payment of a draft drawn or drawn and accepted under the Letter of Credit shall be before the applicable Maturity Date.