Common use of Letter of Credit Request Procedure Clause in Contracts

Letter of Credit Request Procedure. Except for Letters of ---------------------------------- Credit issued on the Closing Date (including any thereof issued as a backup to Existing Letters of Credit), the Borrower shall give the Administrative Agent at least three (3) Business Days prior notice (effective upon receipt) specifying the date of each Letter of Credit and the nature of the transactions to be supported thereby. Upon receipt of such notice the Administrative Agent shall promptly notify the Fronting Bank and each other Lender who holds a Revolving Commitment of the contents thereof and of such Lender's Commitment Percentage (calculated based on the Revolving Commitments only) of the amount of the proposed Letter of Credit. Each Letter of Credit shall be payable in Dollars, must support a transaction entered into in the ordinary course of business of the Borrower or its Subsidiaries, must be reasonably satisfactory in form and substance to the Administrative Agent and the Fronting Bank, and shall be issued pursuant to such documentation as the Administrative Agent and the Fronting Bank may reasonably require, including, without limitation, the Fronting Bank's standard form Letter of Credit Agreement; provided, that, in the event of any -------- conflict between the terms of such agreement and the other Loan Documents, the terms of the other Loan Documents shall control.

Letter of Credit Request Procedure. Except for Letters of Credit ---------------------------------- Credit issued on the Closing Date (including any thereof issued as a backup to Existing Letters of Credit)Date, the Borrower shall give the Administrative Agent at least not less than three (3) Business Days prior notice (effective upon receipt) specifying the date of each Letter of Credit and the nature of the transactions to be supported thereby. Upon receipt of such notice the Administrative Agent shall promptly notify the Fronting Bank and each other Lender who holds a Revolving Commitment of the contents thereof and of such Lender's Commitment Percentage (calculated based on the Revolving Commitments only) of the amount of the proposed Letter of Credit. Each Letter of Credit shall have an expiration date that does not extend beyond a date which is thirty (30) days prior to the Revolving Termination Date, shall be payable in Dollars, must support a transaction entered into in the ordinary course of business of the Borrower or its Subsidiaries, must be reasonably satisfactory in form and substance to the Administrative Agent and the Fronting Bank, and shall be issued pursuant to such documentation as the Administrative Agent and the Fronting Bank may reasonably require, including, without limitation, the Fronting Bank's standard form Letter of Credit Agreement; provided, that, in the event of -------- ---- any -------- conflict between the terms of such agreement and the other Loan Documents, the terms of the other Loan Documents shall control.

Letter of Credit Request Procedure. Except for Letters of ---------------------------------- Credit issued on the Closing Date (including any thereof issued as a backup to Existing Letters of Credit), the Borrower shall give the Administrative Agent at least three (3) Business Days prior notice (effective upon receipt) specifying the date of each Letter of Credit and the nature of the transactions to be supported thereby. Upon receipt of such notice the Administrative Agent shall promptly notify the Fronting Bank and each other Lender who holds a Revolving Commitment of the contents thereof and of such Lender's Commitment Percentage (calculated based on the Revolving Commitments only) of the amount of the proposed Letter of Credit. Each Unless otherwise agreed by Administrative Agent and the Fronting Bank with the consent of all Lenders (and provided that any such Letter of Credit is required to be fully cash collateralized to the satisfaction of Administrative Agent and the Fronting Bank no later than five (5) days prior to the Termination Date), each Letter of Credit shall have an expiration date that does not extend beyond a date which is thirty (30) days prior to the Termination Date, shall be payable in Dollars, must support a transaction entered into in the ordinary course of business of the Borrower or its Subsidiaries, must be reasonably satisfactory in form and substance to the Administrative Agent and the Fronting Bank, and shall be issued pursuant to such documentation as the Administrative Agent and the Fronting Bank may reasonably require, including, without limitation, the Fronting Bank's standard form Letter of Credit Agreement; providedPROVIDED, that, in the event of any -------- conflict between the terms of such agreement and the other Loan Documents, the terms of the other Loan Documents shall control.

Letter of Credit Request Procedure. Except for Letters of ---------------------------------- Credit issued on the Closing Date (including any thereof issued as a backup to Existing Letters of Credit), the The Borrower shall give the Administrative Agent at least not less than three (3) Business Days prior notice (effective upon receipt) specifying the date of each Letter of Credit and the nature of the transactions to be supported thereby. Upon receipt of such notice the Administrative Agent shall promptly notify the Fronting Bank and each other Lender who holds a Revolving Commitment of the contents thereof and of such Lender's Commitment Percentage (calculated based on the Revolving Commitments only) of the amount of the proposed Letter of Credit. Each Letter of Credit (i) shall have an expiration date that does not extend beyond a date which is the lesser of (A) one (1) year from the date of issuance or (B) thirty (30) days prior to the Maturity Date, (ii) shall be payable in Dollars, Dollars,(iii) must support a transaction or Capital Expenditure entered into or obligation arising in the ordinary course of business of the Borrower or its SubsidiariesBorrower, (iv) must be reasonably satisfactory in form and substance to the Administrative Agent and the Fronting Bank, and (v) shall be issued pursuant to such documentation as the Administrative Agent and the Fronting Bank may reasonably require, including, without limitation, the Fronting Bank's standard form Letter of Credit AgreementAgreement (a current draft of which is attached hereto as Exhibit G, provided that attachment of such form shall not be a requirement that the Fronting Bank use such form in connection with issuance of any Letter of Credit or that any future form of Letter of Credit Agreement be in form or substance similar to such form); provided, that, provided that in the event of any -------- conflict between the terms of such agreement and the other Loan Documents, the terms of the other Loan Documents shall control.

Letter of Credit Request Procedure. Except for Letters of ---------------------------------- Credit issued on the Closing Date (including any thereof issued as a backup to Existing Letters of Credit)Date, the Borrower shall give the Administrative Agent at least three five (35) Business Days (or such lesser time as Agent may agree) irrevocable prior notice (effective upon receipt) specifying the date of each Letter of Credit and the nature of the transactions to be supported thereby. Upon receipt of such notice the Administrative Agent shall promptly notify the Fronting Bank and each other Lender who holds a Revolving Commitment Bank of the contents thereof and of such LenderBank's Commitment Percentage (calculated based on the Revolving Commitments only) of the amount of the proposed Letter of Credit. Each Letter of Credit shall have an expiration date that does not extend either beyond a date which is thirty (30) days prior to the Revolving Termination Date or beyond a date that is one (1) year from the date of its issuance, shall be payable in Dollars, must support a transaction transactions entered into in the ordinary course of business of the Borrower Borrower's or its a Subsidiaries' business, must be reasonably satisfactory in form and substance to the Administrative Agent and the Fronting BankAgent, and shall be issued pursuant to such documentation as the Administrative Agent and the Fronting Bank may reasonably require, including, without limitation, the Fronting BankAgent's standard form Letter letter of Credit Agreementcredit request and reimbursement agreement; provided, that, in the event of any -------- conflict between the terms of such agreement and the other Loan Documents, the terms of the other Loan Documents shall control.

Letter of Credit Request Procedure. Except for Letters of ---------------------------------- Credit issued on the Closing Date (including any thereof issued as a backup to Existing Letters of Credit)Date, the Borrower shall give the Administrative Agent at least three (3) Business Days prior notice (effective upon receipt) specifying the date of each Letter of Credit and the nature of the transactions to be supported thereby. Upon receipt of such notice the Administrative Agent shall promptly notify the Fronting Bank and each other Lender who holds a Revolving Commitment of the contents thereof and of such Lender's Commitment Percentage (calculated based on the Revolving Commitments only) of the amount of the proposed Letter of Credit. Each Letter of Credit shall have an expiration date that does not extend beyond a date which is thirty (30) days prior to the Revolving Termination Date, shall be payable in Dollars, must support a transaction entered into in the ordinary course of business of the Borrower or its Subsidiaries, must be reasonably satisfactory in form and substance to the Administrative Agent and the Fronting Bank, and shall be issued pursuant to such documentation as the Administrative Agent and the Fronting Bank may reasonably require, including, without limitation, the Fronting Bank's standard form Letter letter of Credit Agreementcredit request and reimbursement agreement; provided, that, in the event of any -------- conflict between the terms of such agreement and the other Loan Documents, the terms of the other Loan Documents shall control.

Letter of Credit Request Procedure. Except for Letters of ---------------------------------- Credit issued on the Closing Date (including any thereof issued as a backup to Existing Letters of Credit)Date, the Borrower shall give the Administrative Agent at least not less than three (3) Business Days prior notice (effective upon receipt) specifying the date of each Letter of Credit and the nature of the transactions to be supported thereby. Upon receipt of such notice the Administrative Agent shall promptly notify the Fronting Bank and each other Lender who holds a Revolving Commitment of the contents thereof and of such Lender's Commitment Percentage (calculated based on the Revolving Commitments only) of the amount of the proposed Letter of Credit. Each Letter of Credit shall have an expiration date that does not extend beyond a date which is thirty (30) days prior to the Revolving Termination Date, shall be payable in Dollars, must support a transaction entered into in the ordinary course of business of the Borrower or its Subsidiaries, must be reasonably satisfactory in form and substance to the Administrative Agent and the Fronting Bank, and shall be issued pursuant to such documentation as the Administrative Agent and the Fronting Bank may reasonably require, including, without limitation, the Fronting Bank's standard form Letter of Credit Agreement; provided, that, in the event of -------- any -------- conflict between the terms of such agreement and the other Loan Documents, the terms of the other Loan Documents shall control.