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, the Borrower shall give the Administrative Agent and the Letter of Credit Issuer written notice (which may include by way of facsimile transmission) in the form of Exhibit M hereto prior to 1:00 P.M. (New York time) at least three Business Days (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 documents that the Letter of Credit Issuer customarily requires in connection therewith. (b) Each Letter of Credit Issuer shall, promptly after each issuance or amendment of a Letter of Credit by it, notify the Administrative Agent and the Borrower in writing of such issuance or amendment, and such notice shall be accompanied by a copy of such issuance or amendment. After receipt of such notice, the Administrative Agent shall notify each RF Lender, in writing, of such issuance or amendment, and if any RF Lender shall so request, the Administrative Agent shall provide such RF Lender with a copy of such issuance or amendment.

Appears in 1 contract

Samples: Credit Agreement (Fairpoint Communications Inc)

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Letter of Credit Requests; Notices of Issuance. (a) Whenever it desires that a Letter of Credit be issued, the Borrower shall give the Administrative Agent and the respective Letter of Credit Issuer written notice (which may include by way of facsimile transmission) in the form of Exhibit M J hereto prior to 1:00 P.M. (New York time) at least three Business Days (or such shorter period as may be acceptable to the such Letter of Credit Issuer) prior to the proposed date of issuance (which shall be a Business Day) (each, a "Letter of Credit RequestLETTER OF CREDIT REQUEST"), which Letter of Credit Request shall include any documents that the such Letter of Credit Issuer customarily requires in connection therewith. (b) Each Letter of Credit Issuer shall, promptly after each issuance or amendment of a Letter of Credit by it, notify the Administrative Agent and the Borrower in writing of such issuance or amendment, and such notice shall be accompanied by a copy of such issuance or amendment. After receipt of such notice, the Administrative Agent shall notify each RF Lender, in writing, of such issuance or amendment, and if any RF Lender shall so request, the Administrative Agent shall provide such RF Lender with a copy of such issuance or amendment.

Appears in 1 contract

Samples: Credit Agreement (Fairpoint Communications Inc)

Letter of Credit Requests; Notices of Issuance. (a) Whenever it a Borrower desires that a Letter of Credit be issued, the such Borrower shall give the Administrative Agent and the respective Letter of Credit Issuer written notice (which may include including by way of facsimile transmissiontelecopier) in the form of Exhibit M hereto thereof prior to 1:00 P.M. (New York time) at least three Business Days (or such shorter period as may be acceptable to the such Letter of Credit Issuer) prior to the proposed date of issuance (which shall be a Business Day) of issuance (each, a "β€œLetter of Credit Request"”), which Letter of Credit Request shall include an application for the Letter of Credit and any other documents that the such Letter of Credit Issuer customarily requires in connection therewith. The Administrative Agent shall promptly notify each Bank of each Letter of Credit Request. (b) The delivery of each Letter of Credit Request shall be deemed a representation and warranty by the applicable Borrower and the Company that such Letter of Credit as requested in such Letter of Credit Request may be issued in accordance with and will not violate the requirements of Section 2.01(b). Each Letter of Credit Issuer shall, promptly after on the date of each issuance or amendment of a Letter of Credit by it, notify give the Administrative Agent Agent, each Bank, the applicable Borrower and the Borrower in writing Company written notice of the issuance of such issuance or amendmentLetter of Credit, and such notice shall be accompanied by a copy of such issuance or amendment. After receipt of such notice, to the Administrative Agent shall notify each RF Lender, in writing, of such issuance the Letter of Credit or amendment, and if any RF Lender shall so request, the Administrative Agent shall provide such RF Lender with a copy Letters of such issuance or amendmentCredit issued by it.

Appears in 1 contract

Samples: Credit Agreement (Ametek Inc/)

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Letter of Credit Requests; Notices of Issuance. (a) Whenever it desires that a Letter of Credit be issued, the applicable Borrower shall give the Administrative Agent and the Letter of Credit Issuer respective Facing Agent written notice (which may include by way of facsimile transmission) in the form of Exhibit M hereto thereof prior to 1:00 P.M. p.m. (New York City time) at least three two Business Days (or such shorter period as may be acceptable to the Letter of Credit Issuersuch Facing Agent) prior to the proposed date of issuance (which shall be a Business Day) which written notice shall be in the form of Exhibit 2.10(c) (each, each a "Letter of Credit Request"), which ) such Letter of Credit Request may be submitted via facsimile and such Facing Agent shall include any documents that the give Administrative Agent prompt notice of such Letter of Credit Issuer customarily requires Request). Unless otherwise specified, all Letters of Credit will be governed by the Uniform Customs and Practices for Documentary Credit Operations as in connection therewith. (b) Each effect on the date of issuance of such Letter of Credit Issuer Credit. Each Facing Agent shall, promptly after each the issuance of or amendment of or modification to a Letter of Credit by itCredit, notify the give Administrative Agent and the applicable Borrower in writing written notice of the issuance, amendment or modification of such issuance or amendmentLetter of Credit, and such notice shall be accompanied by a copy of such issuance issuance, amendment or amendmentmodification. After Promptly upon receipt of such notice, the Administrative Agent shall notify give each RF UK Revolving Lender or Domestic Revolving Lender, in writingas applicable, written notice of such issuance issuance, amendment or amendmentmodification, and if so requested by any RF UK Revolving Lender shall so requestor Domestic Revolving Lender, the Administrative Agent shall provide such RF UK Revolving Lender or Domestic Revolving Lender, as applicable, with a copy copies of such issuance issuance, amendment or amendmentmodification.

Appears in 1 contract

Samples: Credit Agreement (Veritas DGC Inc)

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