Common use of Issuance of Standby L/Cs Clause in Contracts

Issuance of Standby L/Cs. (a) Borrower may request Agent to issue a Standby L/C by delivering to Agent, no later than 11:00 a.m. two Business Days prior to the date on which issuance of the Standby L/C is requested by Borrower, a standby letter of credit application and reimbursement agreement in Agent's then customary form (the "Standby L/C Application") completed to the satisfaction of Agent, together with the proposed form of such letter of credit (which shall comply with the applicable requirements of subsection 2.14 (b) below) and such other certificates, documents and other papers and information as Agent may reasonably request.

Appears in 2 contracts

Samples: Credit Agreement (M I Schottenstein Homes Inc), Letter of Credit Agreement (M I Schottenstein Homes Inc)

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Issuance of Standby L/Cs. (a) Borrower may request Agent to issue a Standby L/C by delivering to Agent, no later than 11:00 a.m. two Business Days prior to the date on which issuance of the Standby L/C is requested by Borrower, a standby letter of credit application and reimbursement agreement in Agent's then customary form (the "Standby STANDBY L/C ApplicationAPPLICATION") completed to the satisfaction of Agent, together with the proposed form of such letter of credit (which shall comply with the applicable requirements of subsection 2.14 2.13 (b) below) and such other certificates, documents and other papers and information as Agent may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (M I Schottenstein Homes Inc)

Issuance of Standby L/Cs. (a) Borrower may request Agent to issue a Standby L/C by delivering to Agent, no later than 11:00 a.m. two Business Days prior to the date on which issuance of the Standby L/C is requested by Borrower, a standby letter of credit application and reimbursement agreement in Agent's then customary form (the "Standby STANDBY L/C ApplicationAPPLICATION") completed to the satisfaction of Agent, together with the proposed form of such letter of credit (which shall comply with the applicable requirements of subsection 2.14 (b2.14(b) below) and such other certificates, documents and other papers and information as Agent may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (M I Schottenstein Homes Inc)

Issuance of Standby L/Cs. (a) Borrower may request Agent to issue a Standby L/C by delivering to Agent, no later than 11:00 a.m. two Business Days prior to the date on which issuance of the Standby L/C is requested by Borrower, a standby letter of credit application and reimbursement agreement in Agent's then customary form (the "Standby L/C Application") completed to the satisfaction of Agent, together with the proposed form of such letter of credit (which shall comply with the applicable requirements of subsection 2.14 (b2.14(b) below) and such other certificates, documents and other papers and information as Agent may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (M I Schottenstein Homes Inc)

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Issuance of Standby L/Cs. (a) Borrower may request Agent to issue a Standby L/C by delivering to Agent, no later than 11:00 a.m. two Business Days prior to the date on which issuance of the Standby L/C is requested by Borrower, a standby letter of credit application and reimbursement agreement in Agent's then customary form (the "Standby STANDBY L/C ApplicationAPPLICATION") completed to the satisfaction of Agent, together with the proposed form of such letter of credit (which shall comply with the applicable requirements of subsection 2.14 2.16 (b) below) and such other certificates, documents and other papers and information as Agent may reasonably request.

Appears in 1 contract

Samples: Credit Agreement (M I Schottenstein Homes Inc)

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