Common use of Letter of Credit Payments Clause in Contracts

Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Parent Borrower and the relevant Subsidiary Borrower (if applicable) of the date and the Dollar Equivalent of the amount thereof.

Appears in 6 contracts

Samples: Credit Agreement (Brinks Co), Credit Agreement (Brinks Co), Credit Agreement (Brinks Co)

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Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Parent Borrower and the relevant Subsidiary Borrower (if applicable) Administrative Agent of the date and the Dollar Equivalent of the amount thereof; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Lender and the Revolving Lenders pursuant to Section 3.5.

Appears in 3 contracts

Samples: Abl Credit Agreement (Upbound Group, Inc.), Abl Credit Agreement (Rent a Center Inc De), Abl Credit Agreement (Rent a Center Inc De)

Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Parent Borrower and the relevant Subsidiary Borrower (if applicable) of the date and the Dollar Equivalent of the amount thereof.

Appears in 2 contracts

Samples: Credit Agreement (Brinks Co), Loan Agreement (Brinks Co)

Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Parent Borrower and the relevant Subsidiary Borrower (if applicable) Company of the date and the Dollar Equivalent of the amount thereof.

Appears in 2 contracts

Samples: Credit Agreement (Checkpoint Systems Inc), Credit Agreement (Checkpoint Systems Inc)

Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Parent Borrower and the relevant Subsidiary Borrower (if applicable) of the date and the Dollar Equivalent of the amount thereof.date

Appears in 1 contract

Samples: Credit Agreement (Friendly Ice Cream Corp)

Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Parent Borrower and the relevant Subsidiary Borrower (if applicable) Administrative Agent of the date and the Dollar Equivalent of the amount thereof.; provided that any failure to give or delay 95

Appears in 1 contract

Samples: Abl Credit Agreement (Rent a Center Inc De)

Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the relevant Issuing Lender shall promptly notify the Parent Borrower and the relevant Subsidiary Borrower (if applicable) of the date and the Dollar Equivalent of the amount thereof.amount

Appears in 1 contract

Samples: Credit Agreement (Colony Financial, Inc.)

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Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Parent Borrower and the relevant Subsidiary Borrower (if applicable) of the date and the Dollar Equivalent of the or Optional Currency amount thereof.

Appears in 1 contract

Samples: Credit Agreement (Pittston Co)

Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Parent Borrower and the relevant Unrestricted Subsidiary Borrower (if applicable) of the date and the Dollar Equivalent of the or Optional Currency amount thereof.

Appears in 1 contract

Samples: Credit Agreement (Brinks Co)

Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the Issuing Lender shall promptly notify the Parent Borrower and the relevant Subsidiary Borrower (if applicable) of the date and the Dollar Equivalent of the amount thereof.and

Appears in 1 contract

Samples: Competitive Advance and Revolving Credit Facility (Delphi Corp)

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