Letter of Credit Documentation Sample Clauses

Letter of Credit Documentation. Prior to the issuance of any letter of credit, Bank shall have received a Letter of Credit Agreement and any other letter of credit documentation required by Bank, in each case completed and duly executed by Borrower.
AutoNDA by SimpleDocs
Letter of Credit Documentation. With respect to the issuance, amendment, renewal or extension of any Letter of Credit, the Issuing Lender shall have received the documents and instruments requested by the Issuing Lender in accordance with Section 2.03(a) hereof. Each borrowing hereunder and each issuance, amendment, renewal or extension of a Letter of Credit shall constitute a representation and warranty of the Company that the statements contained in clauses (a), (b), and (c) of this Section 5.02 are true and correct on and as of the Borrowing Date or as of the date of issuance, amendment, renewal or extension of a Letter of Credit, as applicable, as though such representation and warranty had been made on and as of such date.
Letter of Credit Documentation. With respect to the issuance, amendment, renewal or extension of any Letter of Credit, the Lender shall have received the documents and instruments requested by the Lender in accordance with the last sentence of Section 2.03(a) hereof.
Letter of Credit Documentation. Bank shall have received, ------------------------------ in form and substance satisfactory to Bank and its counsel, duly executed LC Documents with respect to the Letters of Credit requested to be issued by Bank and an LC Guaranty with respect to each such Letter of Credit.
Letter of Credit Documentation. Prior to requesting issuance of a Letter of Credit, the Companies shall first execute and deliver to Wxxxx Fargo a Letter of Credit Agreement, an L/C Application, and any other documents that Wxxxx Fargo may request, which shall govern the issuance of such Letter of Credit and the Companies' obligation to reimburse Wxxxx Fargo for any L/C Obligations. Issuance upon the Companies' Request. Any Company may request issuance of one or more Letters of Credit on any Business Day. No request for issuance will be deemed received until Wxxxx Fargo acknowledges receipt, and the Companies, if requested by Wxxxx Fargo, confirm the request in an Authenticated Record. The Companies shall jointly and severally pay all L/C Obligations, even if the Person requesting issuance of any Letter of Credit on behalf of the Companies lacked authorization.
Letter of Credit Documentation. The Seller agrees to be bound by the terms of the Letter of Credit Application and by the LC Bank’s interpretations of any Letter of Credit issued for the Seller and by the LC Bank’s written regulations and customary practices relating to letters of credit, though the LC Bank’s interpretation of such regulations and practices may be different from the Seller’s own. In the event of a conflict between the Letter of Credit Application and this Agreement, this Agreement shall govern. The LC Bank shall not be liable for any error, negligence and/or mistakes, whether of omission or commission, in following the Seller’s instructions or those contained in the Letters of Credit or any modifications, amendments or supplements thereto except to the extent resulting from the gross negligence or willful misconduct of the LC Bank. In addition to any other fees or expenses owing under the Fee Letter or any other Transaction Document or otherwise pursuant to any Letter of Credit Application, the Seller shall pay to the LC Bank for its own account any customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the LC Bank relating to letters of credit as from time to time in effect. Such customary fees shall be due and payable upon demand and shall be nonrefundable. Section 1.18
Letter of Credit Documentation. Prior to requesting issuance of a Letter of Credit, the Borrower shall first execute and deliver to the Lender a Standby Letter of Credit Agreement, an L/C Application (defined below), and any other documents that the Lender may request, which shall govern the issuance of the Letter of Credit and the Borrower‘s obligation to reimburse the Lender for any related draws under a Letter of Credit (the “Obligation of Reimbursement”).
AutoNDA by SimpleDocs
Letter of Credit Documentation. The representations, warranties and covenants by the Borrowers under, and rights and remedies of the Issuing Bank under, any agreements relating to any letter of credit issued by the Issuing Bank to the Borrowers from time to time, are in addition to, and not in limitation or derogation of, representations, warranties and covenants by the Borrowers under, and rights and remedies of the Issuing Bank and the Banks under, this Agreement, any Note, any Security Document or any other applicable documents, instruments and agreements, and applicable law. Subject to the foregoing, in the event of any inconsistency between the terms of this Agreement and any such agreements or instruments, this Agreement shall prevail. The terms of this Agreement shall be deemed to be incorporated by reference into each such agreement or instrument (whether or not such agreement or instrument so states).
Letter of Credit Documentation. With respect to the issuance, amendment, renewal or extension of any Letter of Credit, the Issuing Lender shall have received the documents and instruments requested by the Issuing Lender in accordance with the penultimate sentence of Section 2.06(a) hereof. Each Notice of Borrowing and each submission to the Issuing Lender of a request for the issuance of a Letter of Credit or the creation of a Banker’s Acceptance and the acceptance by the Co-Borrowers of the proceeds of each Loan or the issuance of each Letter of Credit or creation of each Banker’s Acceptance shall constitute a representation and warranty that the statements contained in Sections 5.02(a) and 5.02(b) above are true and correct as of the date of such Loan, the issuance of such Letter of Credit or the creation of such Banker’s Acceptance.
Letter of Credit Documentation. With respect to the issuance, amendment, renewal or extension of any Letter of Credit, the Issuing Lender shall have received the documents and instruments requested by the Issuing Lender in accordance with Section 2.04(a) hereof.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!