Issuance Requests. By delivering to the Administrative Agent and the applicable Issuer an Issuance Request on or before 11:00 a.m., Central time, the Borrower may request, from time to time during the Commitment Period and on not less than three (3) nor more than ten (10) Business Days’ notice, that such Issuer issue an irrevocable standby letter of credit in such form as may be mutually agreed to by the Borrower and such Issuer (each a “Letter of Credit”), in support of financial obligations of the Borrower incurred in the Borrower’s ordinary course of business and which are described in such Issuance Request. Upon receipt of an Issuance Request, the Administrative Agent shall promptly notify the Lenders thereof. Each Letter of Credit shall by its terms: (i) be issued in a Stated Amount which (A) together with all Letter of Credit Outstandings and all outstanding Revolving Loans does not exceed (or would not exceed) the lesser of (1) the then current Borrowing Base or (2) the Aggregate Commitment of all Lenders or (B) together with all Letter of Credit Outstandings would not exceed the Letter of Credit Commitment Amount; (ii) be stated to expire on a date (its “Stated Expiry Date”) no later than the earlier of (A) one year from its date of issuance and (B) five (5) Business Days prior to the end of the Commitment Period. So long as no Default has occurred and is continuing, by delivery to the applicable Issuer and the Administrative Agent of an Issuance Request at least three (3) but not more than ten (10) Business Days prior to the Stated Expiry Date of any Letter of Credit, the Borrower may request such Issuer to, at such Issuer’s option, extend the Stated Expiry Date of such Letter of Credit for an additional period not to exceed the earlier of (x) one year from its date of extension or (y) five (5) Business Days prior to the end of the Commitment Period. No Issuer is under any obligation to issue any Letter of Credit if: (i) any order, judgment or decree of any government agency or arbitrator shall by its terms purport to enjoin or restrain such Issuer from issuing such Letter of Credit, or any requirement of applicable Law or any request or directive (whether or not having the force of law) from any government agency with jurisdiction over such Issuer shall prohibit, or request that the Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuer with respect to such Letter of Credit any restri...
Issuance Requests. By delivering to the Administrative Agent and the Issuer an Issuance Request, together with an Enhancement Letter of Credit Application and Agreement if such Issuance Request is in respect of an Enhancement Letter of Credit on or before 11:00 a.m. (New York City, New York time), a Borrower may request, from time to time prior to the Commitment Termination Date and on not less than three nor more than 30 Business Days' notice (or such shorter or longer notice as may be acceptable to the Issuer), in the case of General Letters of Credit, and on not less than 15 nor more than 30 Business Days' notice (or such shorter or longer notice as may be acceptable to the Issuer), in the case of Enhancement Letters of Credit (provided that the Stated Amount of any such Enhancement Letter of Credit need not be provided to the Issuer in writing until the fifth Business Day prior to the issuance thereof), that the Issuer issue Letters of Credit in support of financial obligations of such Subsidiary Borrower or any other Account Party incurred (in the case of General Letters of Credit) in the ordinary course of business of such Borrower or such Account Party, as the case may be, and which are described in such Issuance Request; provided that, in the case of an Issuance Request that requests an increase in the Stated Amount of an Enhancement Letter of Credit then outstanding, such Issuance Request shall be so delivered on not less than five nor more than fifteen Business Days notice (or such shorter or longer notice as may be acceptable to the Issuer). Upon receipt of an Issuance Request and, if applicable, an Enhancement Letter of Credit Application and Agreement, the Administrative Agent shall promptly notify the Lenders thereof. Each Letter of Credit shall by its terms:
Issuance Requests. By delivering to the Administrative Agent and the applicable Issuer an Issuance Request on or before 12:00 noon, New York City time, any Revolving Credit Borrower may request, from time to time prior to the Revolving I Credit Commitment Termination Date and on not less than three nor more than ten Business Days' notice, that such Issuer issue an irrevocable standby Revolving Credit Letter of Credit in substantially the form of Exhibit C hereto, or in such other form as may be requested by such Revolving Credit Borrower and approved by such Issuer (each a "Revolving Credit Letter of Credit"), in support of financial obligations of such Revolving Credit Borrower incurred in such Revolving Credit Borrower's ordinary course of business and which are described in such Issuance Request. Upon receipt of an Issuance Request, the Administrative Agent shall promptly notify the Revolving Credit Lenders thereof. Each Revolving Credit Letter of Credit shall by its terms:
Issuance Requests. By delivering to the Administrative Agent and the applicable Issuer an Issuance Request on or before 10:00 a.m. San Francisco time, the Revolving Borrower may request, from time to time prior to the Commitment Termination Date and on not less than three nor more than fifteen Business Days' notice, that such Issuer issue an irrevocable standby letter of credit (each a "LETTER OF CREDIT"), in support of financial obligations of any Borrower or its Subsidiaries incurred in such Borrower's or such Subsidiary's ordinary course of business or in connection with an Approved Acquisition and which are described in such Issuance Request. Upon receipt of an Issuance Request, the Administrative Agent shall promptly notify the Lenders thereof. Each Letter of Credit shall by its terms:
Issuance Requests. By delivering to the Agent an Issuance Request on or before 12:00 noon (Chicago time), the Borrowers may request, from time to time prior to the earlier to occur of (x) the Tranche A Availability Termination Date and (y) any Commitment Termination Date relating to all Commitments or to the Tranche A Commitment, and on not less than three (3) nor more than ten (10) Business Days' notice, that the Issuer issue an irrevocable standby letter of credit in substantially the form of Exhibit K hereto, or in such other form as may be mutually agreed by the Borrowers and the Issuer (each a "Letter of Credit"), in support of financial obligations of the Borrowers incurred in the Borrowers' ordinary course of business and which are described in such Issuance Request. Upon receipt of an Issuance Request, the Agent shall promptly notify the Lenders and the Issuer thereof. Each Letter of Credit shall by its terms:
Issuance Requests. By delivering to the Agent and an Issuer an Issuance Request on or before 12:00 noon, New York time, the Borrower may request, from time to time prior to the Commitment Termination Date and on not less than three nor more than ten Business Days' notice, that such Issuer issue an irrevocable standby letter of credit in Dollars and in such form as may be requested by the Borrower and approved by such Issuer (each, together with the Existing Letters of Credit, a "Letter of Credit"), in support of the general corporate purposes of the Borrower and its Subsidiaries (including credit support by the Borrower for gas and power contracts for CES, Calpine Energy Services Canada Partnership and Calpine Energy Services UK Limited) and which are described in such Issuance Request, provided that no Letter of Credit may be used (i) to finance acquisitions (other than acquisitions of equipment, sites and property in the ordinary course of the Borrower and its Subsidiaries' business, but in no event may Letters of Credit be used to finance acquisitions of power projects, reserves of geothermal steam and fluids and material gas reserves) or make any Investments in any third parties (other than Subsidiaries), directly or indirectly, through the Borrower or any of its Subsidiaries or Affiliates or (ii) to defease, repurchase or prepay any Subordinated Debt or any Senior Notes; and provided, further, that Letters of Credit shall only be used to secure or support obligations (other than for the deferred purchase price of property) entered into in the ordinary course of business of the Borrower and its Subsidiaries. Upon receipt of an Issuance Request, the Agent shall promptly notify the Lenders thereof. Each Letter of Credit shall by its terms:
Issuance Requests. 39 4.2 Issuances and Extensions . . . . . . . . . . . . . . 40 4.3 Expenses . . . . . . . . . . . . . . . . . . . . . . 41 4.4 Other Lenders' Participation . . . . . . . . . . . . 41 4.5 Disbursements . . . . . . . . . . . . . . . . . . . 42 4.6 Reimbursement . . . . . . . . . . . . . . . . . . . 42 4.7 Deemed Disbursements . . . . . . . . . . . . . . . . 43 4.8
Issuance Requests. By delivering to the Agent and the applicable Issuer an Issuance Request on or before 11:30 a.m. (U.S. Central time), the Borrower may request, from time to time prior to the Revolving Period Commitment Termination Date, Revolving Loan Letters of Credit and on not less than three nor more than ten Business Days' notice, that such Issuer issue an irrevocable Standby Letter of Credit or Documentary Letter of Credit in such form as may be mutually agreed to by the Borrower and such Issuer, in support of obligations of the Borrower incurred in the Borrower's ordinary course of business and which are described in such Issuance Request. Upon receipt of an Issuance Request, the Agent shall promptly notify the Lenders thereof. Each Revolving Loan Letter of Credit shall by its terms be stated to expire on a date (its "Stated Expiry Date") no later than five Business Days before the Stated Maturity Date.
Issuance Requests. 27 4.2. Issuances and Extensions....................................................... 28 4.3. Destruction of Goods, etc...................................................... 28 4.5. Disbursements.................................................................. 30 4.6. Reimbursement; Outstanding Letters, etc........................................ 30 4.7. Deemed Disbursements........................................................... 33 4.8. Nature of Reimbursement Obligations............................................ 34 4.9. Existing Letters of Credit..................................................... 34 Article V CERTAIN LIBO RATE AND OTHER PROVISIONS
Issuance Requests. By delivering to the Agent and the Issuer an Issuance Request on or before 10:00 A.M., New York time, any Borrower may request, from time to time prior to the Commitment Termination Date and on not less than three nor more than ten Business Days' notice, that the Issuer issue an irrevocable letter of credit in substantially the form of Exhibit D hereto, or in such other form as may be requested by a Borrower and approved by the Issuer (each a "Letter of Credit"), in support of financial obligations of such Borrower incurred in such Borrower's ordinary course of business and which are described in such Issuance Request. Upon receipt of an Issuance Request, the Agent shall promptly notify the Lenders thereof. Each Letter of Credit shall by its terms:
