Common use of Issuance Procedures Clause in Contracts

Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 10:00 a.m., New York time, on a Business Day, the Borrower may from time to time irrevocably request on not less than three nor more than ten Business Days' notice, in the case of an initial issuance of a Letter of Credit and not less than three Business Days' prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit, that an Issuer issue, or extend the Stated Expiry Date of, as the case may be, an irrevocable Letter of Credit in such form as may be requested by the Borrower and approved by such Issuer, solely for the purposes described in Section 7.

Appears in 1 contract

Samples: Credit Agreement (Stillwater Mining Co /De/)

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Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 10:00 a.m.12:00 noon, New York time, on a Business Day, the Borrower may from time to time irrevocably request on not less than three nor more than ten Business Days' notice, in the case of an initial issuance of a Letter of Credit and not less than three Business Days' prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit, that an Issuer issue, or extend the Stated Expiry Date of, as the case may be, an irrevocable Letter of Credit in such form as may be requested by the Borrower and approved by such Issuer, solely for the purposes described in Section 7.

Appears in 1 contract

Samples: Credit Agreement (Titan Corp)

Issuance Procedures. By delivering to the Administrative Agent and the Issuer an Issuance Request on or before 10:00 a.m.12:00 noon., New York time, on a Business Day, the any Borrower may from time to time irrevocably request on not less than three nor more than ten Business Days' notice, in the case of an initial issuance of a Letter of Credit and not less than three Business Days' prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit, that an the Issuer issue, or extend the Stated Expiry Date of, as the case may be, an irrevocable Letter of Credit in such form as may be requested by the such Borrower and approved by such the Issuer, solely for the purposes described in Section 7.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Issuance Procedures. By delivering to the applicable Issuer and the Administrative Agent an Issuance Request on or before 10:00 a.m.1:00 p.m., New York time, on a Business Day, the Borrower may may, from time to time irrevocably request request, on not less than three nor more than ten Business Days' noticenotice (or such shorter or longer notice as may be acceptable to the applicable Issuer), in the case of an initial issuance of a Letter of Credit Credit, and not less than three Business Days' notice (unless a shorter notice period is acceptable to the applicable Issuer) prior noticeto the then existing Stated Expiry Date of a Letter of Credit, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit, that an Issuer issue, or extend the Stated Expiry Date of, as the case may be, an irrevocable Letter of Credit in such form as may be requested by the Borrower and approved by such Issuer, solely for the purposes described in Section 7.Stated

Appears in 1 contract

Samples: Credit Agreement (Mueller Holdings (N.A.), Inc.)

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Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 10:00 a.m.12:00 noon, New York time, on a Business Day, the Borrower may from time to time irrevocably request on not less than three nor more than ten Business Days' notice, in the case of an initial issuance of a Letter of Credit and not less than three Business Days' prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit, that an Issuer issue, or extend the Stated Expiry Date of, as the case may be, an irrevocable Letter of Credit in such form as may be requested by the Borrower and approved by such Issuer, solely for the purposes described in Section SECTION 7.

Appears in 1 contract

Samples: Credit Agreement (Titan Corp)

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