Common use of Issuing Bank Reports to the Administrative Agent Clause in Contracts

Issuing Bank Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each Issuing Bank shall, in addition to its notification obligations set forth elsewhere in this Section, report in writing to the Administrative Agent (A) periodic activity (for each successive month) in respect of Letters of Credit issued by such Issuing Bank, including all issuances and amendments, all expirations and cancellations and all disbursements and reimbursements, (B) within five Business Days following the time that such Issuing Bank issues or amends any Letter of Credit, the date of such issuance or amendment and the currency and available balance of the Letters of Credit issued or amended by it and outstanding after giving effect to such issuance or amendment (and whether the amounts thereof shall have changed), (C) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date, currency and amount of such LC Disbursement, (D) on any Business Day on which the Borrower fail to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and amount of such LC Disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing Bank.

Issuing Bank Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each Issuing Bank shall, in addition to its notification obligations set forth elsewhere in this Section, report in writing to the Administrative Agent (Ai) periodic activity (for each successive month) in respect of Letters of Credit issued by such Issuing Bank, including all issuances and amendments, all expirations and cancellations and all disbursements and reimbursements, (Bii) within five Business Days following the time that such Issuing Bank issues or amends any Letter of Credit, the date of such issuance or amendment and the currency and available balance of the Letters of Credit issued or amended by it and outstanding after giving effect to such issuance or amendment (and whether the amounts thereof shall have changed), (Ciii) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date, currency and amount of such LC Disbursement, (Div) on any Business Day on which the Borrower fail to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and amount of such LC Disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing Bank.

Issuing Bank Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each the Issuing Bank shall, in addition to its notification obligations set forth elsewhere in this SectionSection 2.4, report in writing to the Administrative Agent (Ai) periodic activity (for each successive monthsuch period or recurrent periods as shall be requested by the Administrative Agent) in respect of Letters of Credit issued by such Issuing BankCredit, including all issuances issuances, extensions, amendments and amendmentsrenewals, all expirations and cancellations cancelations and all disbursements and reimbursements, (Bii) within five Business Days following promptly after the time that such the Issuing Bank issues issues, amends, renews or amends extends any Letter of Credit, the date of such issuance issuance, amendment, renewal or amendment extension, and the currency and available balance face amount of the Letters of Credit issued issued, amended, renewed or amended extended by it and outstanding after giving effect to such issuance issuance, amendment, renewal or amendment extension (and whether the amounts thereof shall have changed), (Ciii) on each Business Day on which such the Issuing Bank makes honors any LC Disbursementdrawing under any Letter of Credit, the date, currency date and amount of such LC Disbursementthe drawing so honored, (Div) on any Business Day on which the Borrower fail fails to reimburse an LC Disbursement any drawing under a Letter of Credit as required to be reimbursed to such Issuing Bank on such dayhereunder, the date of such failure and the amount of such LC Disbursement unreimbursed drawing and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing BankCredit.

Issuing Bank Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each Issuing Bank shall, in addition to its notification obligations set forth elsewhere in this Section, (i) report in writing to the Administrative Agent (A) periodic activity (for each successive monthsuch period or recurrent periods as shall be requested by the Administrative Agent) in respect of Letters of Credit issued by such Issuing Bank, including all issuances issuances, extensions and amendments, all expirations and cancellations and all disbursements and reimbursements, (Bii) within five Business Days following reasonably prior to the time that such Issuing Bank issues issues, amends or amends extends any Letter of Credit, the date of such issuance issuance, amendment or amendment extension, and the currency and available balance stated amount of the Letters of Credit issued issued, amended or amended extended by it and outstanding after giving effect to such issuance issuance, amendment or amendment extension (and whether the amounts thereof shall have changed), (C) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date, currency and amount of such LC Disbursement, (Diii) on any Business Day on which the any Borrower fail fails to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and the currency and amount of such LC Disbursement and (viv) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing Bank.

Issuing Bank Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each Issuing Bank shall, in addition to its notification obligations set forth elsewhere in this Section, shall report in writing to the Administrative Agent (Ai) periodic activity (for each successive month) in respect of Letters of Credit issued by such Issuing Bank, including all issuances and amendments, all expirations and cancellations and all disbursements and reimbursements, (B) within five Business Days following reasonably prior to the time that such Issuing Bank issues issues, amends, renews or amends extends any Letter of Credit, the date of such issuance issuance, amendment, renewal or amendment extension, and the currency and available balance face amount of the Letters of Credit issued issued, amended, renewed or amended extended by it and outstanding after giving effect to such issuance issuance, amendment, renewal or amendment extension (and whether the amounts thereof shall have changed), (Cii) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date, currency date and amount of such LC Disbursement, (Diii) on any Business Day on which the Borrower fail fails to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount of such LC Disbursement and (viv) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing Bank.

Issuing Bank Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each Issuing Bank shall, in addition to its notification obligations set forth elsewhere in this Section, (i) report in writing to the Administrative Agent (A) periodic activity (for each successive monthsuch period or recurrent periods as shall be requested by the Administrative Agent) in respect of Letters of Credit issued by such Issuing Bank, including all issuances issuances, extensions and amendments, all expirations and cancellations and all disbursements and reimbursements, (Bii) within five Business Days following reasonably prior to the time that such Issuing Bank issues issues, amends or amends extends any Letter of Credit, the date of such issuance issuance, amendment or amendment extension, and the currency and available balance stated amount of the Letters of Credit issued issued, amended or amended extended by it and outstanding after giving effect to such issuance issuance, amendment or amendment extension (and whether the amounts thereof shall have changed), (C) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date, currency and amount of such LC Disbursement, (Diii) on any Business Day on which the any Borrower fail fails to reimburse an LC Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount of such LC Disbursement and (viv) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such Issuing Bank.