Common use of Issue of Letter of Credit Clause in Contracts

Issue of Letter of Credit. (a) The Facility Agent must promptly notify the Issuing Bank and each Lender of the details of the requested Letter of Credit and the amount of that Letter of Credit.

Appears in 1 contract

Samples: Agreement (Royal Ahold)

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Issue of Letter of Credit. (a) The Facility Agent must promptly notify the relevant Issuing Bank and each Lender of the details of the requested Letter of Credit and the amount of its share of that Letter of Credit.

Appears in 1 contract

Samples: Agreement (Aramark Corp/De)

Issue of Letter of Credit. (a) The Facility Agent must promptly notify the Issuing Bank and each relevant Lender of the details of the requested Letter of Credit and the amount of such Lender’s share of that Letter of Credit.

Appears in 1 contract

Samples: Senior Facilities Agreement (Nordic Telephone CO ApS)

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Issue of Letter of Credit. (a) The Facility Agent must promptly notify the Issuing Fronting Bank (if relevant) and each Lender relevant Bank of the details of the requested Letter of Credit and the amount of such Bank’s share of that Letter of Credit.

Appears in 1 contract

Samples: Agreement (Scottish Power PLC)

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