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 Borrowers may, during the interval between the making thereof and the honoring thereof by Bank, request Bank to make an Advance under the Revolving Note to Borrowers in the amount of such draft or demand, which Advance shall be made concurrently with Bank’s payment of such draft or demand and shall be immediately used by Bank to repay the amount of the resulting Matured L/C Obligation. Such a request by Borrowers shall be made in compliance with all of the provisions hereof.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunder, then Borrowers Borrower may, during the interval between the making thereof and the honoring thereof by Bank, request Bank to make an Advance under the Revolving Note Credit Loan to Borrowers Borrower in the amount of such draft or demand, which Advance shall be made concurrently with Bank’s 's payment of such draft or demand and shall be immediately used by Bank to repay the amount of the resulting Matured L/C LC Obligation. Such a request by Borrowers Borrower shall be made in compliance with all of the provisions hereof.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunder, then Borrowers may, during the interval between the making thereof and the honoring thereof by Bank, request Bank to make an Advance under the Revolving Note to Borrowers in the amount of such draft or demand, which Advance shall be made concurrently with Bank’s payment of such draft or demand and shall be immediately used by Bank to repay the amount of the resulting Matured L/C Obligation. Such a request by Borrowers shall be made in compliance with all of the provisions hereof.. {PH005695.1} Addendum 2, Page14

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunder, then Borrowers Borrower may, during the interval between the making thereof and the honoring thereof by BankLender, request Bank Lender to make an Advance under the Revolving Note Credit Loan to Borrowers Borrower in the amount of such draft or demand, which Advance shall be made concurrently with Bank’s Lender's payment of such draft or demand and shall be immediately used by Bank Lender to repay the amount of the resulting Matured L/C LC Obligation. Such a request by Borrowers Borrower shall be made in compliance with all of the provisions hereof.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunder, then Borrowers Borrower may, during the interval between the making thereof and the honoring thereof by Bank, request Bank to make an Advance under the Revolving Note Loan to Borrowers Borrower in the amount of such draft or demand, which Advance shall be made concurrently with Bank’s payment of such draft or demand and shall be immediately used by Bank to repay the amount of the resulting Matured L/C Obligation. Such a request by Borrowers Borrower shall be made in compliance with all of the provisions hereof.

Letter of Credit Advances. If the beneficiary of any Letter of Credit makes a draft or other demand for payment thereunder, then Borrowers Borrower may, during the interval between the making thereof and the honoring thereof by Bank, request Bank to make an Advance under the Revolving Note Credit Loan to Borrowers Borrower in the amount of such draft or demand, which Advance shall be made concurrently with Bank’s payment of such draft or demand and shall be immediately used by Bank to repay the amount of the resulting Matured L/C LC Obligation. Such a request by Borrowers Borrower shall be made in compliance with all of the provisions hereof.