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.

Appears in 3 contracts

Samples: Credit Agreement (Zurn Industries Inc), Credit Agreement (Zurn Industries Inc), Credit Agreement (Zurn Industries Inc)

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Letter of Credit Requests; Notices of Issuance. (a) Whenever it the Borrower desires that a Letter of Credit be issued after the Initial Borrowing Dateissued, the Company it shall give the Administrative Agent and the Letter of Credit Issuer written notice (including by way of tele- copieror telephonic notice confirmed in writing) in the form of Exhibit A-2 hereof thereof prior to 1:00 P.M. 12:00 Noon (New York time) at least five Business Days 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, which shall be the Initial Borrowing Date in the case of the Existing Letters or Credit) 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 an application for such Letter of Credit and any other documents that the Letter of Credit Issuer customarily requires in connection therewith. The Administrative Agent shall promptly notify each Bank of each Letter of Credit Request.

Appears in 1 contract

Samples: Credit Agreement (Primedia Inc)

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