Common use of Issuing the Letters of Credit Clause in Contracts

Issuing the Letters of Credit. (a) In order to effect the ----------------------------- issuance of a Letter of Credit, Borrower shall submit a Borrowing Request and a Letter of Credit Application in writing by telecopy to the Agent (who shall promptly notify the Issuing Bank) not later than 12:00 noon, Houston, Texas time, two (2) Business Days before the date of issuance of such Letter of Credit. Each such Borrowing Request and Letter of Credit Application shall (i) be signed by Borrower, (ii) specify the Business Day on which such Letter of Credit is to be issued, (iii) specify the Issuing Bank, and (iv) specify the availability for Letters of Credit under the Letter of Credit Commitment and the Total Commitment as of the date of issuance of such Letter of Credit and the expiration date thereof which shall not be later than the earlier of (A) twelve (12) months from the date of issuance of such Letter of Credit and (B) the Maturity Date; provided, however, that Borrower may request evergreen Letters of -------- ------- Credit that automatically renew for additional one year periods so long as the final expiry date thereof is on or before the Maturity Date.

Issuing the Letters of Credit. (a) In order to ----------------------------- effect the ----------------------------- issuance of a Letter of Credit, the Borrower shall submit a Borrowing Letter of Credit Request and a Letter of Credit Application in writing by telecopy to the Agent (who shall promptly notify the Issuing Bank) not later than 12:00 noon, 11:00 a.m. (Houston, Texas time, ) two (2) Business Days before the date of issuance of such Letter of Credit. Each such Borrowing Letter of Credit Request and Letter of Credit Application shall (i) be signed by the Borrower, (ii) specify the Business Day on which such Letter of Credit is to be issued, (iii) specify the Issuing Bankand, and (iv) specify the availability for Letters of Credit under the Letter of Credit Commitment and the Total Commitment as of the date of issuance of such Letter of Credit and Credit; provided that, without the consent of all Banks, the expiration date thereof which shall not be later than the earlier of (AI) twelve thirty (1230) months from the date of issuance of such Letter of Credit and (Bii) five (5) Business Days prior to a date which is two (2) years beyond the Maturity Date; provided, however, that Borrower may request evergreen Letters of -------- ------- Revolving Credit that automatically renew for additional one year periods so long as the final expiry date thereof is on or before the Maturity Termination Date.

Issuing the Letters of Credit. (a) In order to effect the ----------------------------- issuance of a Letter of Credit, the Borrower shall submit a Borrowing Request and a Letter of Credit Application in writing by telecopy to the Agent (who shall promptly notify the Issuing Bank) not later than 12:00 noon, Houston, Texas time, two (2) Business Days before the date of issuance of such Letter of Credit. Each such Borrowing Request and Letter of Credit Application shall (i) be signed by the Borrower, (ii) specify the Business Day on which such Letter of Credit is to be issued, (iii) specify the Issuing Bank, and (iv) specify the availability for Letters of Credit under the Letter of Credit Commitment and the Total Available Commitment as of the date of issuance of such Letter of Credit and the expiration expiry date thereof which shall not be later than the earlier of (Ai) twelve (12) months from the date of issuance of such Letter of Credit and (Bii) the Maturity Date; provided, however, that the Borrower may request evergreen Letters of -------- ------- Credit that automatically renew on their expiry date for an additional one year periods period so long as the final expiry date thereof is on or before the Maturity Date.

Issuing the Letters of Credit. (a) In order to effect the ----------------------------- issuance of a Letter of Credit, Borrower shall submit a Borrowing Request and a Letter of Credit Application in writing by telecopy to the Administrative Agent (who shall promptly notify the Issuing BankLender) not later than 12:00 noon, HoustonDallas, Texas time, two (2) Business Days before the date of issuance of such Letter of Credit. Each such Borrowing Request and Letter of Credit Application shall (i) be signed by Borrower, (ii) specify the Business Day on which such Letter of Credit is to be issued, and (iii) specify the Issuing Bank, and (iv) specify the availability for Letters of Credit under the Letter of Credit Commitment and the Total Available Commitment as of the date of issuance of such Letter of Credit and the expiration date thereof of such Letter of Credit which shall not be later than the earlier of (A) twelve (12) 12 months from the date of issuance of such Letter of Credit and (B) the Maturity Date; provided, however, provided that Borrower may request evergreen Letters of -------- ------- Credit that automatically renew for additional one year periods so long as the final expiry expiration date thereof is on or before the Maturity Date.