Common use of Method for Issuance; Terms; Extensions Clause in Contracts

Method for Issuance; Terms; Extensions. (i) The Borrower shall give the Issuing Bank selected by it notice at least three Business Days (or such shorter notice as may be acceptable to such Issuing Bank in its discretion) prior to the requested date of issuance or extension of a Letter of Credit specifying the date such Letter of Credit is to be issued or extended, and describing the terms of such Letter of Credit and the nature of the transactions to be supported thereby in reasonable detail (such notice, a “Notice of Issuance”). Upon receipt of a Notice of Issuance, such Issuing Bank shall promptly notify the Servicing Agent, and the Servicing Agent shall promptly notify each Bank of the contents thereof and of the amount of such Bank’s participation in such Letter of Credit.

Appears in 4 contracts

Samples: Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/), Credit Agreement (Clorox Co /De/)

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Method for Issuance; Terms; Extensions. (i) The Borrower shall give the Issuing Bank selected by it notice at least three five Domestic Business Days (or such shorter notice as may be acceptable to such the Issuing Bank in its discretion) prior to the requested date of issuance or extension of a Letter of Credit specifying the date such Letter of Credit is to be issued or extendedissued, and describing the terms of such Letter of Credit and the nature of the transactions to be supported thereby in reasonable detail (such notice, including any such notice given in connection with the extension of a Letter of Credit, a “Notice of Issuance”). Upon receipt of a Notice of Issuance, such the Issuing Bank shall promptly notify the Servicing Administrative Agent, and the Servicing Administrative Agent shall promptly notify each Bank Revolving Lender of the contents thereof and of the amount of such BankLender’s participation in such Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Lyondell Chemical Co), Credit Agreement (Lyondell Chemical Co), Assignment and Assumption Agreement (Lyondell Chemical Co)

Method for Issuance; Terms; Extensions. (i) The Borrower Company shall give the Issuing Bank Lender selected by it notice at least three Domestic Business Days (or such shorter notice as may be acceptable to such the Issuing Bank Lender in its discretion) prior to the requested date of issuance or extension of a Letter of Credit specifying the date such Letter of Credit is to be issued or extended, and describing the terms of such Letter of Credit and the nature of the transactions to be supported thereby in reasonable detail (such notice, a “Notice of Issuance”). Upon receipt of a Notice of Issuance, such the Issuing Bank Lender shall promptly notify the Servicing Administrative Agent, and the Servicing Administrative Agent shall promptly notify each Bank Lender of the contents thereof and of the amount of such BankLender’s participation in such Letter of Credit.

Appears in 2 contracts

Samples: Credit Agreement (Lockheed Martin Corp), Credit Agreement (Lockheed Martin Corp)

Method for Issuance; Terms; Extensions. (i) The Borrower shall give the Issuing Bank selected by it notice at least three five Domestic Business Days (or such shorter notice as may be acceptable to such the Issuing Bank in its discretion) prior to the requested date of issuance or extension of a Letter of Credit specifying the date such Letter of Credit is to be issued or extendedissued, and describing the terms of such Letter of Credit and the nature of the transactions to be supported thereby in reasonable detail (such notice, including any such notice given in connection with the extension of a Letter of Credit, a "Notice of Issuance"). Upon receipt of a Notice of Issuance, such the Issuing Bank shall promptly notify the Servicing Administrative Agent, and the Servicing Administrative Agent shall promptly notify each Bank Revolving Lender of the contents thereof and of the amount of such Bank’s Lender's participation in such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Lyondell Chemical Co)

Method for Issuance; Terms; Extensions. (i) The Borrower Company shall give the Issuing Bank selected by it notice at least three Domestic Business Days (or such shorter notice as may be acceptable to such the Issuing Bank in its discretion) prior to the requested date of issuance or extension of a Letter of Credit specifying the date such Letter of Credit is to be issued or extended, and describing the terms of such Letter of Credit and the nature of the transactions to be supported thereby in reasonable detail (such notice, a “Notice of Issuance”). Upon receipt of a Notice of Issuance, such the Issuing Bank shall promptly notify the Servicing Administrative Agent, and the Servicing Administrative Agent shall promptly notify each Bank of the contents thereof and of the amount of such Bank’s participation in such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Lockheed Martin Corp)

Method for Issuance; Terms; Extensions. (i) The Borrower shall give the Issuing Bank selected by it notice at least three Business Days (or such shorter notice as may be acceptable to such the Issuing Bank in its discretion) prior to the requested date of issuance or extension of a Letter of Credit specifying the date such Letter of Credit is to be issued or extended, and describing the terms of such Letter of Credit and the nature of the transactions to be supported thereby in reasonable detail (such notice, a “Notice of Issuance”). Upon receipt of a Notice of Issuance, such the Issuing Bank shall promptly notify the Servicing Agent, and the Servicing Agent shall promptly notify each Bank of the contents thereof and of the amount of such Bank’s participation in such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Clorox Co /De/)

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Method for Issuance; Terms; Extensions. (i) The Borrower shall give the Issuing Bank selected by it notice at least three five Domestic Business Days (or such shorter notice as may be acceptable to such the Issuing Bank in its discretion) prior to the requested date of issuance or extension of a Letter of Credit specifying the date such Letter of Credit is to be issued or extendedissued, and describing the terms of such Letter of Credit and the nature of the transactions to be supported thereby in reasonable detail (such notice, including any such notice given in connection with the extension of a “Notice Letter of Issuance”Credit, a "NOTICE OF ISSUANCE"). Upon receipt of a Notice of Issuance, such the Issuing Bank shall promptly notify the Servicing Agent, and the Servicing Administrative Agent shall promptly notify each Bank Revolving Lender of the contents thereof and of the amount of such Bank’s Lender's participation in such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Lyondell Petrochemical Co)

Method for Issuance; Terms; Extensions. (i) The Borrower shall give the Issuing Bank selected by it notice at least (x) three Domestic Business Days in case of Letters of Credit denominated in Dollars and (y) three Euro-Currency Business Days in case of Letters of Credit denominated in an Alternative Currency (or such shorter notice as may be acceptable to such the Issuing Bank in its discretion) prior to the requested date of issuance or extension of a Letter of Credit (or, in the case of renewal or extension, prior to the Issuing Bank's deadline for notice of nonextension) specifying the date such Letter of Credit is to be issued or extendedissued, and describing the terms of such Letter of Credit and the nature of the transactions to be supported thereby in reasonable detail (such notice, including any such notice given in connection with the extension of a “Notice Letter of Issuance”Credit, a "NOTICE OF ISSUANCE"). Upon receipt of a Notice of Issuance, such the Issuing Bank shall promptly notify the Servicing Administrative Agent, and the Servicing Administrative Agent shall promptly notify each Bank of the contents thereof and of the amount of such Bank’s 's participation in such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Allergan Inc)

Method for Issuance; Terms; Extensions. (i) The Borrower shall give the Issuing Bank selected by it notice at least three five Domestic Business Days (or such shorter notice as may be acceptable to such the Issuing Bank in its discretion) prior to the requested date of issuance or extension of a Letter of Credit specifying the date such Letter of Credit is to be issued or extendedissued, and describing the terms of such Letter of Credit and the nature of the transactions to be supported thereby in reasonable detail (such notice, including any such notice given in connection with the extension of a “Notice Letter of Issuance”Credit, a "NOTICE OF ISSUANCE"). Upon receipt of a Notice of Issuance, such the Issuing Bank shall promptly notify the Servicing Administrative Agent, and the Servicing Administrative Agent shall promptly notify each Bank Revolving Lender of the contents thereof and of the amount of such Bank’s Lender's participation in such Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Lyondell Chemical Co)

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