Method of Issuance of Letters of Credit. The Borrower shall give the Issuing Lender notice substantially in the form of Exhibit A-3 to this Agreement (a "Letter of Credit Request") of the requested issuance or extension of a Letter of Credit prior to 1:00 P.M. (Charlotte, North Carolina time) on the proposed date of the issuance or extension of Standby Letters of Credit (which shall be a Domestic Business Day) (or such shorter period as may be agreed by the Issuing Lender in any particular instance), 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. The extension or renewal of any Letter of Credit shall be deemed to be an issuance of such Letter of Credit, and if any Letter of Credit contains a provision pursuant to which it is deemed to be extended unless notice of termination is given by the Issuing Lender, the Issuing Lender shall timely give such notice of termination unless it has theretofore timely received a Letter of Credit Request and the other conditions to issuance of a Letter of Credit have theretofore been met with respect to such extension. No Letter of Credit shall have a term of more than one year; provided, that no Letter of Credit shall have a term extending or be so extendible beyond the fifth Business Day before the Revolving Termination Date.
Method of Issuance of Letters of Credit. The Borrower shall give the applicable L/C Issuer notice (with a copy to the Administrative Agent) substantially in the form of Exhibit A-3 hereto (a “Letter of Credit Request”) of the requested issuance or amendment of a Letter of Credit prior to 11:00 A.M. at least two Business Days before the proposed date of the issuance or amendment of Trade Letters of Credit (which shall be a Business Day) and at least three Business Days before the proposed date of issuance or extension of Standby Letters of Credit (which shall be a Business Day) (or such shorter period as may be agreed by the applicable L/C Issuer in any particular instance). In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Request shall specify in form and detail satisfactory to the L/C Issuer: (i) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (ii) the amount thereof; (iii) the expiry date thereof; (iv) the name and address of the beneficiary thereof; (v) the documents to be presented by such beneficiary in case of any drawing thereunder; (vi) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (vii) such other matters as the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Request shall specify in form and detail satisfactory to the L/C Issuer: (i) the Letter of Credit to be amended; (ii) the proposed date of amendment thereof (which shall be a Business Day); (iii) the nature of the proposed amendment; and (iv) such other matters as the L/C Issuer may require. If requested by the applicable L/C Issuer, the Borrower shall also submit a letter of credit application or such L/C Issuer’s standard form in connection with any request for a letter of credit. The extension or renewal of any Letter of Credit shall be deemed to be an issuance of such Letter of Credit. No Letter of Credit shall have a term of more than one year or shall have a term extending or be extendible beyond the fifth Business Day before the Revolving Termination Date. Promptly after receipt of any Letter of Credit Request, the L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Request from the Borrower and, if not, the L/C Issuer will provide the Administrative Agent with a copy thereof. Upon receipt by the...
Method of Issuance of Letters of Credit. The Borrower shall give an Issuing Lender notice substantially in the form of Exhibit D hereto (a “Letter of Credit Request”) of the requested issuance, extension or renewal of a Letter of Credit prior to 1:00 P.M. (New York, NY time) on the proposed date of the issuance, extension or renewal of such Letter of Credit (which shall be a Business Day) (or such shorter period as may be agreed by such Issuing Lender in any particular instance), and in the case of the issuance of a Letter of Credit, the Borrower shall deliver to such Issuing Lender prior to 1:00 P.M. (New York, NY time) on the proposed date of the issuance a duly executed and fully completed Reimbursement Agreement. The extension or renewal of any Letter of Credit shall be deemed to be an issuance of such Letter of Credit. No Letter of Credit shall have a term extending or be so extendible beyond the fifth Business Day before the Termination Date.
Method of Issuance of Letters of Credit. The Borrower shall give the Lender notice (a "Letter of Credit Request") of the requested issuance or extension of a Letter of Credit prior to 5:00 p.m. (Allentown, Pennsylvania time) on the Business Day immediately preceding the proposed date of the issuance or extension of Letters of Credit (or such shorter period as may be agreed by the Lender in any particular instance), 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. The extension or renewal of any Letter of Credit shall be deemed to be an issuance of such Letter of Credit and shall be subject to the same conditions as the original issuance of such Letter of Credit. No Letter of Credit shall have a term of more than one year; provided, that no Letter of Credit shall have a term extending or be so extendible beyond the fifth Business Day before the Revolving Termination Date.
Method of Issuance of Letters of Credit. (a) The Borrower shall give the Issuing Bank and the Administrative Agent written notice (or telephonic notice promptly confirmed in writing) at least five Business Days prior to the requested Date of Issuance of a Letter of Credit (other than Existing Letters of Credit for which no further notice shall be required), such notice to be in substantially the form of Exhibit D (a "Letter of Credit Request"). The Borrower shall also execute and deliver such customary letter of credit application forms as requested from time to time by the Issuing Bank.
Method of Issuance of Letters of Credit. (a) The Borrower shall give the Agent and the Designated Facing Bank (and FCC, if Fleet Bank is the Designated Facing Bank) written notice or telephonic notice confirmed in writing at least five (5) Business Days prior to the requested Date of Issuance of a Letter of Credit. Such notice shall specify (i) the Stated Amount, (ii) the requested Date of Issuance, (iii) the Beneficiary and the address at which the Letter of Credit is to be delivered to the Beneficiary, (iv) the Expiration Date, which date shall not be later than five (5) days prior to the Termination Date, (v) a description of the stipulated documents, if any, against which payment under such Letter of Credit is conditioned, (vi) the anticipated Payment Date, which date shall not be later than five (5) days prior to the Termination Date, (vii) the name of the Designated Facing Bank, and (viii) a duly executed application and reimbursement agreement with respect to such Letter of Credit, in form and substance satisfactory to the Designated Facing Bank (and FCC, if Fleet Bank is the Designated Facing Bank), together with such other information the Designated Facing Bank (and FCC, if Fleet Bank is the Designated Facing Bank) shall reasonably request in connection with the issuance of such Letter of Credit.
Method of Issuance of Letters of Credit. The applicable Borrower shall give an Issuing Lender notice substantially in the form of Exhibit A-3 to this Agreement (a “Letter of Credit Request”) of the requested issuance or extension of a Letter of Credit not later than 1:00 P.M. (Charlotte, North Carolina time) at least one Business Day prior to the proposed date of the issuance or extension of Letters of Credit (which shall be a Business Day) (or such shorter period as may be agreed by such Issuing Lender in any particular instance), specifying the date such Letter of Credit is to be issued or extended and
Method of Issuance of Letters of Credit. (a) The Borrower shall give the Agent and the Designated Facing Bank written notice or telephonic notice confirmed in writing at least five (5) Business Days prior to the requested Date of Issuance of a Letter of Credit. Such notice shall specify (i) the Stated Amount, (ii) the requested Date of Issuance, (iii) the Beneficiary and the address at which the Letter of Credit is to be delivered to the Beneficiary, (iv) the Expiration Date, which Date shall not be later than the Termination Date, (v) a description or copies of the stipulated documents, if any, against which payment under such Letter of Credit is conditioned, (vi) the anticipated Payment Date, which Date shall not be later than the Termination Date, (vii) the name of the Facing Bank, and (viii) such other information as the Designated Facing Bank shall reasonably request in connection with the issuance of such Letter of Credit.
Method of Issuance of Letters of Credit. At any time on or after the Closing Date until the Availability Termination Date, the Company may request CIBC issue one or more Letters of Credit hereunder. The Company shall give CIBC a Letter of Credit Request, requesting the issuance or extension of a Letter of Credit, prior to 1:00 P.M. New York time on the proposed date of issuance or extension of any Letter of Credit (which shall be a Business Day) (or such shorter period as may be agreed by CIBC in any particular instance), 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. The extension or renewal of any Letter of Credit shall be deemed to be an issuance of such Letter of Credit, and no Letter of Credit shall contain a provision pursuant to which it is deemed to be extended or shall automatically extend. Accordingly, CIBC shall timely give such notice of termination unless it has theretofore timely received a Letter of Credit Request and the other conditions to issuance of a Letter of Credit have theretofore been met with respect to such extension.
Method of Issuance of Letters of Credit
