Common use of Letter of Credit Requests; Notices of Issuance Clause in Contracts

Letter of Credit Requests; Notices of Issuance. (a) Whenever it desires that a Letter of Credit be issued after the Initial Borrowing Date, the Company shall give the Administrative Agent and the Letter of Credit Issuer written notice (including by way of tele- copier) in the form of Exhibit A-2 hereof prior to 1:00 P.M. (New York time) at least five Business Days (three Business Days in the case of Trade Letters of Credit or, in any event, or such shorter period as may be acceptable to the Letter of Credit Issuer) prior to the proposed date of issuance (which shall be a Business Day) (each a "Letter of Credit Request"), which Letter of Credit Request shall include any other documents that the Letter of Credit Issuer customarily requires in connection therewith. (b) The Letter of Credit Issuer shall, promptly after each issuance of a Standby Letter of Credit by it, give the Administrative Agent, each Bank with a Revolving Commitment and the Company written notice of the issuance of such Standby Letter of Credit, accompanied by a copy of such Letter of Credit. The Administrative Agent will send to each Bank with a Revolving Commitment, upon each L/C Fee payment, a report setting forth for the relevant period the daily aggregate Letter of Credit Outstandings during such period.