Common use of Letter of Credit Reports Clause in Contracts

Letter of Credit Reports. The Issuing Bank shall furnish (i) to the Administrative Agent on the first Business Day of each week a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous week and drawings during such week under all Letters of Credit, (ii) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued during the preceding month and drawings during such month under all Letters of Credit and (iii) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit.

Appears in 6 contracts

Samples: Credit Agreement (Moran Transportation Co), Credit Agreement (Mosler Inc), Credit Agreement (Private Business Inc)

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Letter of Credit Reports. The Each Issuing Bank shall furnish (iA) to the Administrative Agent on the first Business Day of each week a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous week and drawings during such week under all Letters of Credit, (ii) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous month by such Issuing Bank and drawings during such month under all Letters of Credit, (B) to each Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued by such Issuing Bank during the preceding month and drawings during such month under all Letters of Credit issued by such Issuing Bank and (iiiC) to the Administrative Agent, the Borrower Agent and each Revolving Credit Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of CreditCredit issued by such Issuing Bank.

Appears in 3 contracts

Samples: Credit Agreement (Crowley Newco CORP), Credit Agreement (Crowley Maritime Corp), Credit Agreement (Crowley Maritime Corp)

Letter of Credit Reports. The Issuing Bank shall furnish (i) to the Administrative Agent on the first Business Day of each week a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous week and drawings during such week under all Letters of Credit, (ii) to the Administrative Agent, the Borrower Borrowers and each Revolving Credit Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued during the preceding month and drawings during such month under all Letters of Credit and (iii) to the Administrative Agent, the Borrower Borrowers and each Revolving Credit Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Mediabay Inc), Credit Agreement (Polyvision Corp)

Letter of Credit Reports. The Each Issuing Bank shall furnish (i) to the Administrative Agent on the first Business Day of each week a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous week and drawings during such week under all Letters of Credit, (ii) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued during the preceding month and drawings during such month under all Letters of Credit and (iii) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Team Health Inc), Security Agreement (Inphynet South Broward Inc)

Letter of Credit Reports. The Issuing Bank shall furnish (iA) to the Administrative Agent on the first Business Day of each week a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous week and week, drawings during such week under all Letters of CreditCredit and the aggregate Available Amount of all Letters of Credit outstanding during such week, (iiB) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued during the preceding month and drawings during such month under all Letters of Credit and (iiiC) to the Administrative Agent, the Borrower Agent and each Revolving Credit Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Microage Inc /De/), Microage Inc /De/

Letter of Credit Reports. The Issuing Bank shall furnish (iA) to the Administrative Agent with a copy to the Borrower on the first Business Day of each week a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous week and drawings during such week under all Letters of Credit, (iiB) to the Administrative Agent, the Borrower and each Revolving Credit Working Capital Lender on the first Business Day of each month calendar quarter a written report summarizing issuance and expiration dates of Letters of Credit issued during the preceding month quarter and drawings during such month calendar quarter under all Letters of Credit and (iiiC) to the Administrative Agent, the Borrower Agent and each Revolving Credit Working Capital Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Safety 1st Inc)

Letter of Credit Reports. (i) The Revolving Issuing Bank shall furnish (iA) to the Administrative Agent on the first Business Day of each week month a written report summarizing issuance and expiration dates of Revolving Letters of Credit issued during the previous week month and drawings during such week month under all Revolving Letters of Credit, (iiB) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Revolving Letters of Credit issued during the preceding month and drawings during such month under all Revolving Letters of Credit and (iiiC) to the Administrative Agent, the Borrower Agent and each Revolving Credit Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Revolving Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (US Power Generating CO)

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Letter of Credit Reports. The Issuing Bank shall furnish (i) to the Administrative Agent on the first Business Day of each week fiscal quarter a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous week and drawings during such week under all Letters of Credit, (ii) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued during the preceding month and drawings during such month under all Letters of Credit and (iii) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Cantel Medical Corp)

Letter of Credit Reports. The Issuing Bank shall furnish (i) to ------------------------ the Administrative Agent on the first Business Day of each week a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous week and drawings during such week under all Letters of Credit, (ii) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued during the preceding month and drawings during such month under all Letters of Credit and (iii) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Unidigital Inc)

Letter of Credit Reports. The Issuing Bank shall furnish (iA) to the Administrative Agent on the first Business Day of each week a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous week and drawings during such week under all Letters of Credit, (ii) to the Administrative Agent, the Borrower and each Revolving Credit Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued during the previous month by the Issuing Bank and drawings during such month under all Letters of Credit, (B) to each Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued by the Issuing Bank during the preceding month and drawings during such month under all Letters of Credit issued by the Issuing Bank and (iiiC) to the Administrative Agent, the Borrower Agent and each Revolving Credit Lender on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of CreditCredit issued by the Issuing Bank.

Appears in 1 contract

Samples: Excel Maritime Carriers LTD

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