Common use of Letter of Credit Reporting Requirements Clause in Contracts

Letter of Credit Reporting Requirements. The Lender shall, upon the request of the Borrower, provide to the Borrower separate schedules for Commercial Letters of Credit and Standby Letters of Credit issued as Letters of Credit, in form and substance reasonably satisfactory to the Borrower, setting forth the aggregate Letter of Credit Obligations outstanding to it at the end of each month and any information requested by the Borrower relating to the date of issue, account party, amount, expiration date and reference number of each Letter of Credit issued as contemplated hereunder.