Letter of Credit Reports to the Administrative Agent Sample Clauses
Letter of Credit Reports to the Administrative Agent. For so long as any Letter of Credit or Bankers’ Acceptance issued by an L/C-BA Issuer (other than Bank of America) is outstanding, such L/C-BA Issuer shall deliver to the Administrative Agent on the last Business Day of each calendar month, and on each date that an L/C-BA Credit Extension occurs with respect to any such Letter of Credit or Bankers’ Acceptance, a report (in form and substance satisfactory to the Administrative Agent) with the information for every outstanding Letter of Credit or Bankers’ Acceptance issued by such L/C-BA Issuer (which information shall include whether such Letter of Credit is an Auto-Extension Letter of Credit, the letter of credit number, maximum face amount, current face amount, the beneficiary name, issuance date, and expiry date of each such Letter of Credit and/or Bankers’ Acceptance, and, if applicable, the date of amendment of such Letter of Credit or Bankers’ Acceptance and the amount of such amendment).
Letter of Credit Reports to the Administrative Agent. Unless otherwise agreed by the Administrative Agent, each L/C Issuer shall, in addition to its notification obligations set forth elsewhere in this Section 2.3, provide the Administrative Agent a Letter of Credit Report, as set forth below:
(i) reasonably prior to the time that such L/C Issuer issues, amends, renews, increases or extends a Letter of Credit, the date of such issuance, amendment, renewal, increase or extension and the stated amount of the applicable Letters of Credit after giving effect to such issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed);
(ii) on each Business Day on which such L/C Issuer makes a payment pursuant to a Letter of Credit, the date and amount of such payment;
(iii) on any Business Day on which the Borrower fails to reimburse a payment made pursuant to a Letter of Credit required to be reimbursed to such L/C Issuer on such day, the date of such failure and the amount of such payment;
(iv) on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such L/C Issuer; and
(v) for so long as any Letter of Credit issued by an L/C Issuer is outstanding, such L/C Issuer shall deliver to the Administrative Agent (A) on the last Business Day of each calendar month, (B) at all other times a Letter of Credit Report is required to be delivered pursuant to this Agreement, and (C) on each date that there is any expiration, cancellation and/or disbursement, in each case, with respect to any such Letter of Credit, a Letter of Credit Report appropriately completed with the information for every outstanding Letter of Credit issued by such L/C Issuer.