Common use of Letter of Credit Requests; Minimum Stated Amount Clause in Contracts

Letter of Credit Requests; Minimum Stated Amount. (a) Whenever the respective Account Parties desire that a Letter of Credit be issued for their account, the respective Account Parties shall give the Administrative Agent and the relevant Issuing Lender at least two (2) Business Days’ (or such shorter period as is acceptable to such Issuing Lender) written notice thereof (including by way of facsimile). Each notice shall be in the form of Exhibit C, appropriately completed (each, a “Letter of Credit Request”) to specify: (i) the name of the relevant Issuing Lender thereof; (ii) whether such Letter of Credit is to be a standby or trade Letter of Credit; (iii) the date of issuance of such Letter of Credit (which shall be a Business Day); (iv) the initial Stated Amount of such Letter of Credit; (v) the beneficiary of such Letter of Credit and the obligations to be supported by such Letter of Credit; (vi) the stated expiration date of such Letter of Credit and (vii) whether such Letter of Credit shall be U.S. Letter of Credit, a Canadian Letter of Credit or a European Letter of Credit.

Letter of Credit Requests; Minimum Stated Amount. (a) Whenever the respective Account Parties desire Borrower or Magellan desires that a Letter of Credit be issued for their its account, the respective Account Parties Borrower or Magellan, as the case may be, shall give the Administrative Agent and the relevant respective Issuing Lender at least two (2) five Business Days’ (or such shorter period as is acceptable to such Issuing Lender) written notice thereof (including by way of facsimile). Each notice shall be in the form of Exhibit C, appropriately completed (each, each a “Letter of Credit Request”) to specify: (i) the name of the relevant respective Issuing Lender thereof; (ii) whether such Letter of Credit is to be a standby or trade Letter of Credit; (iii) the date of issuance of such Letter of Credit (which shall be a Business Day); (iviii) the initial Stated Amount of such Letter of Credit; (viv) the beneficiary of such Letter of Credit and the obligations L/C Supportable Obligations to be supported by such Letter of Creditthereby; and (viv) the stated expiration date of such Letter of Credit and (vii) whether such Letter of Credit shall be U.S. Letter of Credit, a Canadian Letter of Credit or a European Letter of Credit.

Letter of Credit Requests; Minimum Stated Amount. (a) Whenever the respective Account Parties desire Borrower desires that a Letter of Credit be issued for their its account, the respective Account Parties Borrower shall give the Administrative Agent and the relevant respective Issuing Lender at least two (2) five Business Days’ ' (or such shorter period as is acceptable to such Issuing Lender) written notice thereof (including by way of facsimile). Each notice shall be in the form of Exhibit C, appropriately completed (each, each a “"Letter of Credit Request”") to specify: (i) the name of the relevant respective Issuing Lender thereof; (ii) whether such Letter of Credit is to be a standby CL Letter of Credit or, to the extent permitted hereunder, an RL Letter of Credit; (iii) whether such Letter of Credit is to be a stand-by or trade Letter of Credit; (iiiiv) the date of issuance of such Letter of Credit (which shall be a Business Day); (ivv) the initial Stated Amount of such Letter of Credit; (vvi) the beneficiary of such Letter of Credit and the obligations to be supported by such Letter of Credit; and (vivii) the stated expiration date of such Letter of Credit and (vii) whether such Letter of Credit shall be U.S. Letter of Credit, a Canadian Letter of Credit or a European Letter of Credit.

Letter of Credit Requests; Minimum Stated Amount. (a) Whenever the respective Account Parties desire that a Letter of Credit be issued for their account, the respective Account Parties shall give the Administrative Agent and the relevant Issuing Lender at least two (2) Business Days’ (or such shorter period as is acceptable to such Issuing Lender) written notice thereof (including by way of facsimile). Each notice shall be in the form of Exhibit C, appropriately completed (each, a “Letter of Credit Request”) to specify: (i) the name of the relevant Issuing Lender thereof; (ii) whether such Letter of Credit is to be a standby or trade Letter of Credit; (iii) the date of issuance of such Letter of Credit (which shall be a Business Day); (iv) the initial Stated Amount of such Letter of Credit; (v) the beneficiary of such Letter of Credit and the obligations to be supported by such Letter of Credit; (vi) the stated expiration date of such Letter of Credit and (vii) whether such Letter of Credit shall be U.S. Letter of Credit, a Canadian Letter of Credit or a European Letter of Credit.

Letter of Credit Requests; Minimum Stated Amount. (a) Whenever the respective Account Parties desire Borrower desires that a Letter of Credit be issued for their its account, the respective Account Parties Borrower shall give the Administrative Agent and the relevant respective Issuing Lender at least two (2) five Business Days’ ' (or such shorter period as is acceptable to such Issuing Lender) written notice thereof (including by way of facsimile). Each notice shall be in the form of Exhibit C, appropriately completed (each, each a “"Letter of Credit Request”") to specify: (i) the name of the relevant respective Issuing Lender thereof; (ii) whether such Letter of Credit is to be a standby CL Letter of Credit or, to the extent permitted hereunder, a WC Letter of Credit; (iii) whether such Letter of Credit is to be a stand-by or trade Letter of Credit; (iiiiv) the date of issuance of such Letter of Credit (which shall be a Business Day); (ivv) the initial Stated Amount of such Letter of Credit; (vvi) the beneficiary of such Letter of Credit and the obligations to be supported by such Letter of Credit; and (vivii) the stated expiration date of such Letter of Credit and (vii) whether such Letter of Credit shall be U.S. Letter of Credit, a Canadian Letter of Credit or a European Letter of Credit.

Letter of Credit Requests; Minimum Stated Amount. (a) Whenever the respective Account Parties desire that a Letter of Credit be issued for their account, the respective Account Parties shall give the Administrative Agent and the relevant respective Issuing Lender at least two (2) five Business Days’ (or such shorter period as is acceptable to such Issuing Lender) written notice thereof (including by way of facsimile). Each notice shall be in the form of Exhibit C, appropriately completed (each, a “Letter of Credit Request”) to specify: (i) the name of the relevant respective Issuing Lender thereof; (ii) whether such Letter of Credit is to be a standby or trade Letter of Credit; (iii) the date of issuance of such Letter of Credit (which shall be a Business Day); (iv) the initial Stated Amount of such Letter of Credit; (v) the beneficiary of such Letter of Credit and the obligations to be supported by such Letter of Credit; (vi) the stated expiration date of such Letter of Credit and (vii) whether such Letter of Credit shall be U.S. Letter of Credit, Credit a Canadian Letter of Credit or a European Letter of Credit.