Common use of Letter of Credit Requests Clause in Contracts

Letter of Credit Requests. (a) Whenever an Account Party desires that a Letter of Credit be issued for its account, such Account Party shall give the Administrative Agent (at the appropriate Notice Office) and the respective Issuing Lender at least 3 Business Days’ (or such shorter period as is acceptable to such Issuing Lender in any given case) written notice prior to the proposed date of issuance (which shall be a Business Day). Each notice shall be in the form of Exhibit C-1 (each, a “Letter of Credit Request”), including, without limitation, by specifying: (i) whether the requested Letter of Credit shall constitute a U.S. Borrower Letter of Credit or a Bermuda Borrower Letter of Credit; and (ii) the currency in which the requested Letter of Credit is to be denominated (which shall be Dollars or, to the extent permitted hereunder, an Alternative Currency. Each Letter of Credit Request shall include any other documents as such Issuing Lender customarily requires in connection therewith. (b) The making of each Letter of Credit Request shall be deemed to be a representation and warranty by the applicable Account Party that such Letter of Credit may be is- sued in accordance with, and will not violate the requirements of, Section 2A.01(c). Unless the respective Issuing Lender has received notice from the Required Lenders before it issues a Letter of Credit that one or more of the applicable conditions specified in Section 6, as the case may be, are not then satisfied, or that the issuance of such Letter of Credit would violate Section 2A.01(c), then such Issuing Lender may issue the requested Letter of Credit for the account of the respective Account Party in accordance with such Issuing Lender’s usual and customary practices.

Letter of Credit Requests. (a) Whenever an Account Party a Borrower desires that a Letter of Credit be issued for its account, such Account Party Borrower shall give the Administrative Agent (at the appropriate Notice Office) and the respective Issuing Lender Bank written notice (including by way of facsimile transmission, immediately confirmed in writing by submission of the original of such request by mail to the Issuing Bank) thereof prior to 12:00 Noon, New York time, at least 3 three Business Days’ (or such shorter period as is acceptable to such Issuing Lender in any given case) written notice Days prior to the proposed date of issuance (which shall be a Business Day). Each , which written notice shall be in the form of Exhibit C-1 2.12 (each, a “Letter of Credit Request”), including, without limitation, by specifying: (i) whether the requested Letter of Credit shall constitute a U.S. Borrower Letter of Credit or a Bermuda Borrower Letter of Credit; and (ii) the currency in which the requested Letter of Credit is to be denominated (which shall be Dollars or, to the extent permitted hereunder, an Alternative Currency. Each Letter of Credit Request shall include any other documents as such the respective Issuing Lender Bank customarily requires in connection therewith. (b) The making of each Letter of Credit Request shall be deemed to be a representation and warranty by the applicable Account Party respective Borrower that such Letter of Credit may be is- sued issued in accordance with, and it will not violate the requirements of, Section 2A.01(c). Unless the respective Issuing Lender has received notice from the Required Lenders before it issues a Letter of Credit that one or more of the applicable conditions specified in Section 6, as the case may be, are not then satisfied, or that the issuance of to such Borrower and/or such Letter of Credit would violate Section 2A.01(c)of, then Sections 2.10 and 2.11. (c) Upon its issuance of, or amendment to, any Letter of Credit, the respective Issuing Bank shall promptly notify the respective Borrower and each Bank of such Issuing Lender may issue issuance or amendment, which notice shall include a summary description of the requested Letter of Credit for the account actually issued and any amendments thereto. (d) The Stated Amount of the respective Account Party in accordance with such Issuing Lender’s usual and customary practiceseach Letter of Credit upon issuance shall be not less than $1,000,000.

Letter of Credit Requests. (a) Whenever an Account Party the Borrower desires that a Letter of Credit be issued for its accountissued, such Account Party the Borrower shall give the Administrative Agent (at the appropriate Notice Office) and the respective Issuing Lender Bank written notice (including by way of facsimile transmission, immediately confirmed in writing by submission of the original of such request by mail to the Issuing Bank) thereof prior to 11:00 A.M. (New York time) at least 3 five Business Days’ Days (or such shorter period as is may be acceptable to such the Issuing Lender in any given caseBank) written notice prior to the proposed date of issuance (which shall be a Business Day). Each , which written notice shall be in the form of Exhibit C-1 C (each, a “Letter of Credit Request”), including, without limitation, by specifying: (i) whether the requested Letter of Credit shall constitute a U.S. Borrower Letter of Credit or a Bermuda Borrower Letter of Credit; and (ii) the currency in which the requested Letter of Credit is to be denominated (which shall be Dollars or, to the extent permitted hereunder, an Alternative Currency. Each Letter of Credit Request shall include any other documents as such the Issuing Lender Bank customarily requires in connection therewith. (b) The making of each Letter of Credit Request shall be deemed to be a representation and warranty by the applicable Account Party Borrower that such Letter of Credit may be is- sued issued in accordance with, and it will not violate the requirements of, Section 2A.01(c1A.01(a) or (b). Unless . (c) Upon its issuance of, or amendment to, any Letter of Credit, the respective Issuing Lender has received Bank shall promptly notify the Borrower and the Banks of such issuance or amendment, which notice from shall include a summary description of the Required Lenders before it issues a Letter of Credit that one or more of the applicable conditions specified in Section 6, as the case may be, are not then satisfied, or that the issuance of such Letter of Credit would violate Section 2A.01(c), then such Issuing Lender may issue the requested Letter of Credit for the account of the respective Account Party in accordance with such Issuing Lender’s usual actually issued and customary practicesany amendments thereto.

Letter of Credit Requests. (a) Whenever an Account Party a Borrower desires that a Letter of Credit be issued for its accountissued, such Account Party Borrower shall give the Administrative Agent (at the appropriate Notice Office) and the respective Issuing Lender Agent written notice (including by way of facsimile transmission, immediately confirmed in writing by submission of the original of such request by mail to the Issuing Agent) thereof prior to 12:00 Noon (New York time) at least 3 five Business Days’ Days (or such shorter period as is may be acceptable to such the Issuing Lender in any given caseAgent) written notice prior to the proposed date of issuance (which shall be a Business Day). Each , which written notice shall be in the form of Exhibit C-1 I (each, a “Letter of Credit Request”), including, without limitation, by specifying: (i) whether the requested Letter of Credit shall constitute a U.S. Borrower Letter of Credit or a Bermuda Borrower Letter of Credit; and (ii) the currency in which the requested Letter of Credit is to be denominated (which shall be Dollars or, to the extent permitted hereunder, an Alternative Currency. Each Letter of Credit Request shall include any other documents as such the Issuing Lender Agent customarily requires in connection therewith. (b) The making of each Letter of Credit Request shall be deemed to be a representation and warranty by the applicable Account Party Borrower that such Letter of Credit may be is- sued issued in accordance with, and it will not violate the requirements of, Section 2A.01(c2.01(a). Unless . (c) Upon its issuance of or amendment to any Letter of Credit, the Issuing Agent shall promptly notify the respective Issuing Lender has received Borrower and the Lenders of such issuance or amendment, which notice from shall include a summary description of the Required Lenders before it issues a Letter of Credit that one or more of the applicable conditions specified in Section 6, as the case may be, are not then satisfied, or that the issuance of such Letter of Credit would violate Section 2A.01(c), then such Issuing Lender may issue the requested Letter of Credit for the account of the respective Account Party in accordance with such Issuing Lender’s usual actually issued and customary practicesany amendments thereto.

Letter of Credit Requests. (a) Whenever an Account Party a Borrower desires that a Letter of Credit be issued for its accountissued, such Account Party Borrower shall give the Administrative Agent (at the appropriate Notice Office) and the respective LC Issuer written notice (including by way of facsimile transmission, immediately confirmed in writing by submission of the original of such request by mail to the Issuing Lender Agent) thereof prior to 12:00 Noon (New York time) at least 3 five Business Days’ Days (or such shorter period as is may be acceptable to such the Issuing Lender in any given caseAgent and the respective LC Issuer) written notice prior to the proposed date of issuance (which shall be a Business Day). Each , which written notice shall be in the form of Exhibit C-1 I (each, a “Letter of Credit Request”), including, without limitation, by specifying: (i) whether the requested Letter of Credit shall constitute a U.S. Borrower Letter of Credit or a Bermuda Borrower Letter of Credit; and (ii) the currency in which the requested Letter of Credit is to be denominated (which shall be Dollars or, to the extent permitted hereunder, an Alternative Currency. Each Letter of Credit Request shall include any other documents as such Issuing Lender the respective LC Issuer customarily requires in connection therewith. (b) The making of each Letter of Credit Request shall be deemed to be a representation and warranty by the applicable Account Party Borrower that such Letter of Credit may be is- sued issued in accordance with, and it will not violate the requirements of, Section 2A.01(c). Unless the respective Issuing Lender has received notice from the Required Lenders before it issues a Letter of Credit that one 2.01 or more of the applicable conditions specified in Section 62.02, as the case may be, are not then satisfiedand Section 2.03. (c) Upon its issuance of, or that amendment to, any Letter of Credit, the issuance respective LC Issuer shall promptly notify the respective Borrower and the Lenders of such issuance or amendment, which notice shall include a summary description of the Letter of Credit would violate Section 2A.01(c), then such Issuing Lender may issue the requested Letter of Credit for the account of the respective Account Party in accordance with such Issuing Lender’s usual actually issued and customary practicesany amendments thereto.

Letter of Credit Requests. (a) Whenever an Account Party a Borrower desires that a Letter of Credit (other than the Support Letter of Credit) be issued for its account, such Account Party Borrower shall give the Administrative Agent (at the appropriate Notice Office) and the respective LC Issuer written notice (including by way of facsimile transmission, immediately confirmed in writing by submission of the original of such request by mail to the Issuing Lender Agent) thereof prior to 12:00 Noon (New York time) at least 3 three Business Days’ (or such shorter period as is acceptable to such Issuing Lender Days in any given case) written notice respect of Fronted Letters of Credit prior to the proposed date of issuance (which shall be a Business Day). Each , which written notice shall be in the form of Exhibit C-1 G (each, a “"Letter of Credit Request”"), including, without limitation, by specifying: (i) whether the requested Letter of Credit shall constitute a U.S. Borrower Letter of Credit or a Bermuda Borrower Letter of Credit; and (ii) the currency in which the requested Letter of Credit is to be denominated (which shall be Dollars or, to the extent permitted hereunder, an Alternative Currency. Each Letter of Credit Request shall include any other documents as such Issuing Lender the respective LC Issuer customarily requires in connection therewith. (b) The making of each Letter of Credit Request shall be deemed to be a representation and warranty by the applicable Account Party respective Borrower and the Company that such Letter of Credit may be is- sued issued in accordance with, and it will not violate the requirements applicable to such Borrower and/or such Letter of Credit of, Section 2A.01(c). Unless the respective Issuing Lender has received notice from the Required Lenders before it issues a Letter of Credit that one or more of the applicable conditions specified in Section 63.02, as the case may be, are not then satisfiedand Section 3.03. (c) Upon its issuance of, or that amendment to, any Letter of Credit, the issuance respective LC Issuer shall promptly notify the respective Borrower and each Lender of such issuance or amendment, which notice shall include a summary description of the Letter of Credit would violate Section 2A.01(c), then such Issuing Lender may issue the requested actually issued and any amendments thereto. (d) The Stated Amount of each Letter of Credit for the account of the respective Account Party in accordance with such Issuing Lender’s usual and customary practicesupon issuance shall be not less than $25,000.

Letter of Credit Requests. (a) Whenever an Account Party a Borrower desires that a Letter of Credit be issued for its accountissued, such Account Party Borrower shall give the Administrative Agent (at the appropriate Notice Office) and the respective LC Issuer written notice (including by way of facsimile transmission, immediately confirmed in writing by submission of the original of such request by mail to the Issuing Lender Agent) thereof prior to 12:00 Noon (New York time) at least 3 five Business Days’ Days (or such shorter period as is may be acceptable to such the Issuing Lender in any given caseAgent and the respective LC Issuer) written notice prior to the proposed date of issuance (which shall be a Business Day). Each , which written notice shall be in the form of Exhibit C-1 I (each, a “Letter of Credit Request”). If requested by the respective LC Issuer, including, without limitation, by specifying: (i) whether the requested Letter respective Borrower also shall submit a letter of Credit shall constitute credit application or other agreement on such LC Issuer’s standard form in connection with any request for a U.S. Borrower Letter of Credit or a Bermuda Borrower Letter of Credit; . In the event of any inconsistency between the terms and (ii) conditions of this Agreement and the currency in which terms and conditions of any form of letter of credit application or other agreement submitted by the requested respective Borrower to, or entered into by such Borrower with, the respective LC Issuer relating to any Letter of Credit is to be denominated (which Credit, the terms and conditions of this Agreement shall be Dollars or, to the extent permitted hereunder, an Alternative Currency. Each Letter of Credit Request shall include any other documents as such Issuing Lender customarily requires in connection therewithcontrol. (b) The making of each Letter of Credit Request shall be deemed to be a representation and warranty by the applicable Account Party respective Borrower that such Letter of Credit may be is- sued issued in accordance with, and it will not violate the requirements of, Section 2A.01(c). Unless the respective Issuing Lender has received notice from the Required Lenders before it issues a Letter of Credit that one 2.01 or more of the applicable conditions specified in Section 62.02, as the case may be, are not then satisfiedand Section 2.03. (c) Upon its issuance of, or that amendment to, any Letter of Credit, the issuance respective LC Issuer shall promptly notify the respective Borrower and the Lenders of such issuance or amendment, which notice shall include a summary description of the Letter of Credit would violate Section 2A.01(c), then such Issuing Lender may issue the requested Letter of Credit for the account of the respective Account Party in accordance with such Issuing Lender’s usual actually issued and customary practicesany amendments thereto.