Issuance Request. By delivering to the Administrative Agent and the Issuing Bank an Issuance Request at or before 12:00 noon, Toronto, Canada time, Celestica may request, from time to time prior to the Maturity Date and on not less than three (3) nor more than ten (10) Banking Days’ notice, that the Issuing Bank issue an irrevocable standby letter of credit or letter of guarantee in such form as may be requested by Celestica and approved by the Issuing Bank (each a “Letter of Credit”) in support of financial obligations of Celestica or a Restricted Subsidiary incurred in Celestica’s or such Restricted Subsidiary’s ordinary course of business and which are described in such Issuance Request, provided that, if the form of the letter of credit requested by Celestica is in a language other than English, Celestica shall provide to the Administrative Agent and the Issuing Bank not less than ten (10) nor more than twenty (20) Banking Days’ notice. Upon receipt of an Issuance Request, the Administrative Agent shall, within twenty (20) days of the receipt thereof, notify the Canadian Lenders thereof. Each Letter of Credit shall, by its terms:
(a) be issued in a Face Amount which when aggregated with the Face Amounts of all other outstanding Letters of Credit does not exceed (or would not, upon its issuance, exceed) the then Letter of Credit Availability;
(b) be stated to expire on a date (its “Stated Expiry Date”) not later than one year from the Maturity Date; and
(c) on or prior to its Stated Expiry Date:
(i) terminate immediately upon notice to the Issuing Bank thereof from the beneficiary thereunder that all obligations covered thereby have been terminated, paid or otherwise satisfied in full, and
(ii) reduce, in part, immediately and to the extent that the beneficiary thereunder has notified the Issuing Bank thereof that the obligations covered thereby have been paid or otherwise satisfied in part. Celestica may request Letters of Credit to be denominated in Canadian Dollars, in United States Dollars, and in Pounds Sterling or, if the Issuing Bank in its sole and absolute discretion agrees, in Euros or such other currency as Celestica may request in the Issuance Request. In the event that the currency in which a Letter of Credit is expressed to be drawn is a currency other than United States Dollars or Canadian Dollars, for the purposes of determining whether the Face Amount of all outstanding Letters of Credit exceeds (or would, upon its issuance, exceed) the Letter of Credit ...
Issuance Request. If such disbursement request is a request for Letters of Credit, receipt by the Credit Facility Agent of an Issuance Request substantially in the form set forth in Schedule B-3 (Issuance Request Form (Letters of Credit));
Issuance Request. To the extent that any provision of any Issuance Request related to any Letter of Credit is inconsistent with the provisions of this Section 3, the provisions of this Section 3 shall apply.
Issuance Request. The Administrative Agent and the Issuer shall have received an Issuance Request for each Letter of Credit to be issued on the Closing Date and an Enhancement Letter of Credit Application and Agreement for each Enhancement Letter of Credit to be issued on the Closing Date (if any).
Issuance Request. Each properly submitted Issuance Request (with respect to each such Facility LC) shall constitute a representation and warranty by the Borrower that the conditions contained in Clause 4.2 (Continuation Conditions Precedent) have been satisfied.
Issuance Request. The Agents and the Issuer shall have received one or more Issuance Requests, as required by Section 4.1, appropriately completed and duly executed and delivered by an Authorized Officer of the applicable Revolving Credit Borrower.
Issuance Request. The Administrative Agent shall have received a fully executed and delivered Issuance Request in respect of the Second Tranche Notes.
Issuance Request. The Investors shall have received a fully executed and delivered Issuance Request in respect of the Notes.
Issuance Request. 45 --- ---------------- 3.2 ISSUANCES.......................................................................46 --- --------- 3.3 OTHER LENDERS' PARTICIPATION....................................................46 --- ---------------------------- 3.4 REIMBURSEMENT...................................................................47 --- ------------- 3.5 DEEMED DISBURSEMENTS............................................................48 --- -------------------- 3.6 NATURE OF REIMBURSEMENT OBLIGATIONS.............................................49 --- ----------------------------------- 3.7 INDEMNITY FOR COSTS.............................................................50 --- ------------------- 3.8 FEES............................................................................50 --- ---- 3.9 ISSUING BANK....................................................................51 --- ------------
Issuance Request. Agent shall have received (including by facsimile transmission) (a) a duly completed request for issuance of a Letter of Credit in form and substance, and accompanied by such information and documentation, as shall be satisfactory to Agent and the LC Issuing Bank in their sole discretion ("LC Request") signed by an Authorized Representative. The LC Request shall be effective on the Business Day received if actually received by Agent before 12:00 noon Central time, and as of the next Business Day if received by Agent after such time or on other than a Business Day; provided that an LC Request shall not be deemed to have been received by Agent until it is satisfactory to Agent and the LC Issuing Bank and includes all information and documentation that Agent and the LC Issuing Bank may request. Within five (5) Business Days of the date an LC Request is deemed to have been received, Agent shall either cause the LC Issuing Bank to issue the Letter of Credit or advise Borrower to the contrary. LC Requests submitted by Borrower shall be irrevocable.
