Issuance of the Letter of Credit Sample Clauses

Issuance of the Letter of Credit. 2.2.1.1 Subject to the terms and conditions set forth in this Agreement and the applicable LC Application, each LC Issuing Bank shall, during the Availability Period on each Banking Day specified in a Notice of LC Activity described in Section 2.2.3, issue Letters of Credit, extend the expiry date of any Letter of Credit or increase the Stated Amount of any Letter of Credit (as applicable), for the account of Borrower, of the Letter(s) of Credit to which such Notice of LC Activity relates, and deliver each such Letter of Credit (or a notice of extension of the expiry date thereof or increase in the Stated Amount thereof) to the applicable LC Beneficiary. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of the applicable LC Application, the terms and conditions of this Agreement shall control. 2.2.1.2 Subject to the terms and conditions hereof, all letters of credit outstanding on the Closing Date under the Existing Credit Agreement and issued by an entity that is a Lender under this Agreement which, by its execution of this Agreement, has agreed to act as an LC Issuing Bank hereunder and listed on Schedule 2.

Issuance of the Letter of Credit. The Bank will issue the Letter of Credit to the Issuing and Paying Agent on the Date of Issuance upon fulfillment of the applicable conditions precedent set forth in Section 3.1.

Issuance of the Letter of Credit. (a) Subject to the terms and conditions set forth in this Agreement and the applicable Application, LC Issuing Bank shall, during the Commitment Increase Period, on each Banking Day specified in a Notice of LC Activity described in Section 2.2.3, issue Letters of Credit, extend the expiry date of any Letter of Credit or increase the Stated Amount of any Letter of Credit (as applicable), for the account of Borrower, of the Letter(s) of Credit to which such Notice of LC Activity relates, and deliver each such Letter of Credit (or a notice of extension of the expiry date thereof or increase in the Stated Amount thereof) to the applicable LC Beneficiary. Subject to Section 2.2.6(b), LC Issuing Bank shall not modify the conditions for draws or terms of availability for any Letter of Credit issued and outstanding hereunder without Borrower’s consent. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of the applicable Application, the terms and conditions of this Agreement shall control. (b) In connection with the first issuance of Letters of Credit on or following the Commitment Increase Date the LC Issuing Bank will cause all then outstanding letters of credit issued by it under the Citibank Credit Agreement to be terminated as letters of credit under the Citibank Credit Agreement and to be designated as Letters of Credit under this Agreement, and, subject to compliance with all applicable provisions of this Agreement, all such letters of credit so designated shall become Letters of Credit issued hereunder.

Issuance of the Letter of Credit. As conditions precedent to Bank's obligation to issue the Letter of Credit, Borrower shall deliver, or cause to be delivered, to Bank: 3.1.1 A duly executed copy of this Amendment; 3.1.2 A duly executed copy of the Letter of Credit Agreement; 3.1.3 All representations and warranties of Borrower to Bank set forth in the Letter of Credit Documents shall be accurate and complete in all respects; and 3.1.4 There shall not exist an Event of Default or an event which with the giving of notice of passage of time, or both, would be an Event of Default.

Issuance of the Letter of Credit. 2.2.1.1 Subject to the terms and conditions set forth in this Agreement and the applicable LC Application, each LC Issuing Bank shall, during the Availability Period on each Banking Day specified in a Notice of LC Activity described in Section 2.2.3, issue Letters of Credit, extend the expiry date of any Letter of Credit or increase the Stated Amount of any Letter of Credit (as applicable), for the account of Borrower, of the Letter(s) of Credit to which such Notice of LC Activity relates, and deliver each such Letter of Credit (or a notice of extension of the expiry date thereof or increase in the Stated Amount thereof) to the applicable LC Beneficiary. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of the applicable LC Application, the terms and conditions of this Agreement shall control. 2.2.1.2 [Reserved].

Issuance of the Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Bank agrees to issue the Letter of Credit (substantially in the form of Appendix I hereto). The Letter of Credit shall be in the original stated amount of $[ ], which is the sum of (i) the principal amount of the Bonds Outstanding on the Closing Date, plus

Issuance of the Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Bank agrees to issue the Letter of Credit (substantially in the form of

Issuance of the Letter of Credit. Subject to the conditions set forth in Section 10, the Bank agrees to issue on August 3, 2007 (the “Closing Date”), the Letter of Credit in an Original Stated Amount equal to U.S.$80,000,000.

Issuance of the Letter of Credit. (a) Subject to the terms and conditions of this Agreement, the Bank hereby agrees on the Closing Date, upon the request of the Borrower evidenced by its execution and delivery of this Agreement, to issue its Letter of Credit in favor of the District for the account of the Borrower. The Letter of Credit shall be in a face amount not exceeding Three Million Four Hundred Thirty Thousand Dollars ($3,430,000). (b) The request for issuance of the Letter of Credit shall constitute a representation and warranty by the Borrower that as of the date of such request the representations and warranties set forth in Article IV are true and correct and that no Default or Event of Default has occurred and is continuing. (c) Subject to the terms and conditions of this Agreement, the Bank hereby agrees, at the request of the Borrower, and subject to the written consent of the District, to amend the Letter of Credit to reflect any reductions in the Stated Amount of the Letter of Credit and/or any assignments of the Service Contract.

Issuance of the Letter of Credit. On at least one (1) Business Day's prior written notice from the Company to the Bank, on a date not later than February 21, 1997, and subject to the terms and conditions of this Agreement, the Bank agrees to issue on the Business Day specified in such notice (the "Issuance Date") the Letter of Credit in a stated amount equal to the initial Letter of Credit Amount, effective on the Issuance Date and expiring on the Termination Date.