Common use of LC Issuer Agreements Clause in Contracts

LC Issuer Agreements. Each LC Issuer agrees that, unless otherwise requested by the Administrative Agent, such LC Issuer shall report in writing to the Administrative Agent (i) on the first Business Day of each month, the daily activity (set forth by day) in respect of Facility LCs during the immediately preceding week, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such LC Issuer expects to issue, amend, renew or extend any Facility LC, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Facility LCs to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such LC Issuer shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Facility LC to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (iii) on each Business Day on which such LC Issuer makes any payment pursuant to a Facility LC, the date of such payment and the amount of such payment, (iv) on any Business Day on which the Borrower fails to reimburse a payment made by an LC Issuer in respect of a Facility that is required to be reimbursed to such LC Issuer on such day, the date of such failure and the amount of such payment and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request.

LC Issuer Agreements. Each LC Issuer agrees that, unless otherwise requested by the Administrative Agent, such LC Issuer shall report in writing to the Administrative Agent (i) on the first Business Day of each monthweek, the daily activity (set forth by day) in respect of Facility LCs during the immediately preceding weekweek in respect of all Letters of Credit issued by such LC Issuer, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such LC Issuer expects to issue, amend, renew or extend any Facility LCLetter of Credit, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Facility LCs Letters of Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such LC Issuer shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Facility LC Letter of Credit to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (iii) on each Business Day on which such LC Issuer makes any payment pursuant to a Facility LCLC Disbursement, the date of such payment LC Disbursement and the amount of such paymentLC Disbursement, (iv) on any Business Day on which the Borrower fails Borrowers fail to reimburse a payment made by an LC Issuer in respect of a Facility that is Disbursement required to be reimbursed to such LC Issuer (or any Revolving Lender, with respect to any Several Letter of Credit that such LC Issuer issued) on such day, the date of such failure and the amount and currency of such payment LC Disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request. Such reports shall be provided to any Lender upon such Lender’s request.

LC Issuer Agreements. Each LC Issuer agrees that, unless Unless otherwise requested by the Administrative Agent, such each LC Issuer shall report in writing to the Administrative Agent (i) on the first Business Day of each calendar month, the daily activity (set forth by day) in respect of Facility LCs during the immediately preceding weekmonth, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such LC Issuer expects to issue, amend, renew or extend any Facility LC, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Facility LCs to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such LC Issuer shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Facility LC to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (iii) on each Business Day on which such LC Issuer makes any payment pursuant to a disbursement under any Facility LC, the date of such payment disbursement and the amount of such paymentdisbursement, (iv) on any Business Day on which the Borrower fails to reimburse a payment made by an any disbursement under any Facility LC Issuer in respect of a Facility that is required to be reimbursed to such LC Issuer on such day, the date of such failure and the amount of such payment disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request.

LC Issuer Agreements. Each LC Issuer agrees that, unless otherwise requested by the Administrative Agent, such LC Issuer shall report in writing to the Administrative Agent (i) on the first Business Day of each monthweek, the daily activity (set forth by day) in respect of Facility LCs during the immediately preceding week, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such LC Issuer expects to issue, amend, renew or extend any Facility LC, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Facility LCs to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such LC Issuer shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Facility LC to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (iii) on each Business Day on which such LC Issuer makes any payment pursuant to a Facility LC, the date of such payment and the amount of such payment, (iv) on any Business Day on which the any Borrower fails to reimburse a payment made by an LC Issuer in respect of a Facility that is required to be reimbursed to such LC Issuer on such day, the date of such failure and the amount of such payment and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request.

LC Issuer Agreements. Each LC Issuer agrees thatAt any time while any Letter of Credit or Reimbursement Obligation remains outstanding, unless otherwise requested by the Administrative Agent, such LC Issuer shall report in writing to the Administrative Agent (i) on not later than the first fifth Business Day of each month, each LC Issuer shall deliver a written report to the Co-Agents summarizing the daily activity (set forth by day) in respect of Facility LCs Letters of Credit during the immediately preceding weekmonth, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such an LC Issuer expects to issue, amend, renew or extend any Facility LCLetter of Credit (including, without limitation, renewals and extensions pursuant to evergreen clauses), each LC Issuer shall advise the Co-Agents in writing of the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Facility LCs Letters of Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such LC Issuer shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Facility LC to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (iii) on each Business Day on which such LC Issuer makes any payment to a beneficiary pursuant to a Facility LCLetter of Credit, such LC Issuer shall advise the Co-Agents in writing of the date of such payment and the amount of such payment, (iv) on any Business Day on which the Borrower fails to reimburse a payment made by an LC Issuer in respect of a Facility that is Reimbursement Obligation required to be reimbursed to such LC Issuer on such day, such LC Issuer shall advise the Co-Agents in writing of the date of such failure and the amount of such payment failure, and (v) on any other Business Day, such LC Issuer shall provide the Co-Agents with such other information relevant to the Letters of Credit as any of the Administrative Agent shall Co-Agents may reasonably request. Each LC Issuer shall invoice Borrower for LC Fees no later than the 5th Business Day immediately preceding each Distribution Date (which invoice may be combined with the invoice described in Section 3.5) and shall disburse each Committed Lender's share of LC Fees and interest received by such LC Issuer within one Business Day after such LC Issuer's receipt thereof.

LC Issuer Agreements. Each LC Issuer agrees that, unless otherwise requested by the Administrative Agent, such LC Issuer shall report in writing to the Administrative Agent (i) on the first Business Day of each monthweek, the daily activity (set forth by day) in respect of Facility LCs during the immediately preceding week, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such LC Issuer expects to issue, amend, renew or extend any Facility LC, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Facility LCs to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such LC Issuer shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Facility LC to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (iii) on each Business Day on which such LC Issuer makes pays any payment pursuant to a amount in respect of one or more drawings under Facility LCLCs, the date of such payment payment(s) and the amount of such paymentpayment(s), (iv) on any Business Day on which the Borrower fails to reimburse a payment made by an LC Issuer in respect of a Facility that is any Reimbursement Obligation required to be reimbursed to such LC Issuer on such day, the date of such failure and the amount and currency of such payment in respect of Facility LCs and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request.

LC Issuer Agreements. Each LC Issuer agrees thatAt any time while any Letter of Credit or Reimbursement Obligation remains outstanding, unless otherwise requested by the Administrative Agent, such LC Issuer shall report in writing provide to the Administrative Agent Co-Agents (i) on not later than the first third Business Day of each monthweek, the daily activity (set forth by day) in respect of Facility LCs Letters of Credit during the immediately preceding week, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such the LC Issuer expects to issue, amend, renew or extend any Facility LCLetter of Credit, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Facility LCs Letters of Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such the LC Issuer shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Facility LC Letter of Credit to occur without first obtaining written confirmation from the Wachovia Agent or the Administrative Agent that it is then permitted under this Agreement, (iii) on each Business Day on which such LC Issuer makes any payment to a beneficiary pursuant to a Facility LCLetter of Credit, the date of such payment and the amount of such payment, (iv) on any Business Day on which the Borrower Seller fails to reimburse a payment made by an LC Issuer in respect of a Facility that is Reimbursement Obligation required to be reimbursed to such the LC Issuer on such day, the date of such failure and the amount of such payment failure, and (v) on any other Business Day, such other information as any of the Administrative Agent shall Co-Agents may reasonably request. The LC Issuer shall invoice the Seller for LC Fees no later than the 10th Business Day immediately preceding each Fee Payment Date (as defined in the Co-Agents’ Fee Letter) and shall disburse each Committed Purchaser’s share of LC Fees and Interest received by the LC Issuer within two Business Days after the LC Issuer’s receipt thereof.

LC Issuer Agreements. Each LC Issuer agrees thatAt any time while any Letter of Credit or Reimbursement Obligation remains outstanding, unless otherwise requested by the Administrative Agent, such LC Issuer shall report in writing to the Administrative Agent (i) on not later than the first third Business Day of each monthweek, the daily activity (set forth by day) in respect of Facility LCs Letters of Credit during the immediately preceding week, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such the LC Issuer expects to issue, amend, renew or extend any Facility LCLetter of Credit, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Facility LCs Letters of Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such the LC Issuer shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Facility LC Letter of Credit to occur without first obtaining written confirmation from the Blue Ridge Agent or the Administrative Agent that it is then permitted under this Agreement, (iii) on each Business Day on which such LC Issuer makes any payment to a beneficiary pursuant to a Facility LCLetter of Credit, the date of such payment and the amount of such payment, (iv) on any Business Day on which the Borrower Seller fails to reimburse a payment made by an LC Issuer in respect of a Facility that is Reimbursement Obligation required to be reimbursed to such the LC Issuer on such day, the date of such failure and the amount of such payment failure, and (v) on any other Business Day, such other information as any of the Administrative Agent shall Co-Agents may reasonably request. The LC Issuer shall invoice the Seller for LC Fees no later than the 10th Business Day immediately preceding each Settlement Date described in clause (A) of the definition of “Settlement Date” and shall disburse each Committed Purchaser’s share of LC Fees and Interest received by the LC Issuer within two Business Days after the LC Issuer’s receipt thereof.

LC Issuer Agreements. Each LC Issuer agrees that, unless otherwise requested by the Administrative Agent, such LC Issuer shall report in writing to the Administrative Agent (i) on the first Business Day of each monthweek, the daily activity (set forth by day) in respect of Facility LCs during the immediately preceding weekweek in respect of all Letters of Credit issued by such LC Issuer, including all issuances, extensions, amendments and renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such LC Issuer expects to issue, amend, renew or extend any Facility LCLetter of Credit, the date of such issuance, amendment, renewal or extension, and the aggregate face amount of the Facility LCs Letters of Credit to be issued, amended, renewed or extended by it and outstanding after giving effect to such issuance, amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such LC Issuer shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Facility LC Letter of Credit to occur without first obtaining written confirmation from the Administrative Agent that it is then permitted under this Agreement, (iii) on each Business Day on which such LC Issuer makes any payment pursuant to a Facility LCLC Disbursement, the date of such payment LC Disbursement and the amount of such paymentLC Disbursement, (iv) on any Business Day on which the Borrower fails to reimburse a payment made by an LC Issuer in respect of a Facility that is Disbursement required to be reimbursed to such LC Issuer (or any Lender, with respect to any Several Letter of Credit that such LC Issuer issued) on such day, the date of such failure and the amount and currency of such payment LC Disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request.