Common use of Letter of Credit Advances Clause in Contracts

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunder, then the Borrower shall be deemed to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01, 2.1 the amount of such Loans shall be considered, considered but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1(a), the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit ------------------------- makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunder, then the Borrower shall be deemed to have requested the Lenders to make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with the LC Issuer’s payment of such draft or demand and shall be immediately used by the LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1(b), the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by Lender, request Lender to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC IssuerLender’s payment of such draft or demand and shall be immediately used by LC Issuer Lender to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1(a), the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Revolving Loans to the Borrower in the amount of such draft or demand, which Revolving Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1, the amount of such Revolving Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01§2.1, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunder, then the Borrower shall be deemed to have requested the Revolving Credit Lenders make Revolving Credit Loans to the Borrower in the amount of such draft or demand, which Revolving Credit Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01, the amount of such Revolving Credit Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Revolving Credit Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Banks to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01, 2.1 the amount of such Loans shall be considered, considered but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01§2.1, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Revolving Loans to the Borrower in the amount of such draft or demand, which Revolving Loans shall be made concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01, 2.1 the amount of such Revolving Loans shall be considered, considered but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance 47 with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Lenders shall, then if all of the Borrower shall be deemed conditions precedent to making such Loans set forth in Section 2.1(a) and Article IV have requested the Lenders been satisfied, make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed request by the Borrower shall be made in compliance with all of the provisions hereof, ; provided that for the purposes of the first sentence of Section 2.012.1, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, ; provided that for the purposes of the first sentence of Section 2.012.1(b), the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrowers may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower Borrowers in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of ------------------------- Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01, 2.1 the amount of such Loans shall be considered, considered but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Revolving Lenders to have requested the Lenders make Revolving Loans to the Borrower in the amount of such draft or demand, which such Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, ; provided that for the purposes of the first sentence of Section 2.012.1(a), the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunder, thereunder then the Borrower shall be deemed may, during the interval between the making thereof and the honoring thereof by LC Issuer, request the Banks to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made hereunder concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.01, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the such resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of the first sentence of Section 2.012.1(b), the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes presents a draft or other demand for payment thereunderthereunder then Borrower may, then during the Borrower shall be deemed interval between the making thereof and the honoring thereof by LC Issuer, request Lenders to have requested the Lenders make Loans to the Borrower in the amount of such draft or demand, which Loans shall be made concurrently with LC Issuer’s 's payment of such draft or demand and shall be immediately used by LC Issuer to repay the amount of the resulting Matured LC Obligation. Such deemed a request by the Borrower shall be made in compliance with all of the provisions hereof, ; provided that for the purposes of the first sentence of Section 2.012.1, the amount of such Loans shall be considered, but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.