Notice and Issuance. (i) The Borrower shall give notice to the applicable L/C Issuer and to the Administrative Agent, of a request for issuance of any L/C not less than five (5) Business Days prior to the proposed issuance date (which prescribed time period may be waived at the option of the applicable L/C Issuer in the exercise of its sole discretion). Each such notice (a "L/C Issuance Request") shall specify: (A) the requested date of such issuance (which shall be a Business Day); (B) the maximum amount of such L/C; (C) the expiration date of such L/C; (D) the purpose of such L/C; (E) the name and address of the beneficiary of such L/C; (F) the identity of the L/C Issuer for such L/C; and (G) the required documents under any such L/C and, if one has been supplied by the beneficiary of such L/C, the form of such L/C (which shall be acceptable to both of such L/C Issuer and the Administrative Agent, in their respective sole discretion). The making of each L/C Issuance Request shall be deemed to be a representation and warranty by the Borrower that such L/C may be issued in accordance with and will not violate the terms of Section 2.03A(a)(i) hereof. Each L/C Issuance Request shall be accompanied by the Application Documents, each duly completed and executed and delivered by the Borrower. (ii) Upon acceptance of the form of the proposed L/C by the applicable L/C Issuer and the Administrative Agent and upon fulfillment of the conditions set forth above in this Section 2.03A(b) and the applicable conditions in Article III hereof, such L/C Issuer shall issue such L/C and provide notice thereof to the Administrative Agent. Promptly after issuance, amendment or any extension of such L/C, such L/C Issuer shall provide the Administrative Agent with copy of such L/C or amendment thereto. (iii) Notwithstanding the foregoing, no L/C Issuer shall be under any obligation to issue any L/C if at the time of such issuance: (A) any order, judgment or decree of any governmental authority or arbitrator shall purport by its terms to enjoin or restrain such L/C Issuer from issuing such L/C or any requirement of law applicable to such L/C Issuer or any request or directive (whether or not having the force of law) from any governmental authority with jurisdiction over such L/C Issuer shall prohibit, or request that such L/C Issuer refrain from, the issuance of letters of credit generally or such L/C in particular, or shall impose upon such L/C Issuer with respect to such L/C any requirement (for which such L/C Issuer is not otherwise compensated) not in effect on the date hereof, or any unreimbursed loss, cost or expense which was not applicable, in effect or known to such L/C Issuer as of the date hereof and which such L/C Issuer in good xxxxx xxxxx material to it; or (B) such L/C Issuer shall have received notice from any Lender prior to the issuance of such L/C that one or more of the applicable conditions specified in this Section 2.03A(b) or in Article III are not then satisfied, or that the issuance of such L/C would violate Section 2.01(b) above. (iv) Upon the request of any Lender, the applicable L/C Issuer shall promptly deliver to such Lender the information specified in Sections 2.03A(b)(i)(A) through (D) above and copies of any L/Cs issued by such L/C Issuer. (v) Each L/C Issuer shall, on the last Business Day of each calendar month, provide to the Administrative Agent a report of the L/C Obligations with respect to the L/Cs issued by it, including the date of issue, account party, amount, expiration date and reference number of each L/C issued by it. (vi) The relevant L/C Issuer shall give the Administrative Agent at least three (3) Business Days' notice before such L/C Issuer extends (or allows an automatic extension of) the expiry date of any L/C issued by it. Such notice shall (i) identify such L/C, (ii) specify the date on which such extension is to be made (or the last day on which such L/C Issuer can give notice to prevent such extension from occurring) and (iii) specify the date to which such expiry date is to be so extended. No L/C Issuer shall extend (or allow the extension of) the expiry date of any L/C if (x) the extended expiry date would be after the thirtieth day before the Revolving Credit Termination Date or (y) such L/C Issuer shall have been notified by the Administrative Agent or the Required Lenders expressly to the effect that such issuance would violate the terms of Section 2.03A(a)(i) on the date such L/C is to be extended.
Appears in 1 contract
Samples: Credit Agreement (Laboratory Corp of America Holdings)
Notice and Issuance. (i) The Borrower shall give notice to the applicable L/C Issuer Issuing Bank and to the Administrative Agent, Agent of a request for issuance of any L/C not less than five three (53) Business Days prior to the proposed issuance date (which prescribed time period may be waived at the option of the applicable L/C Issuer Issuing Bank and the Administrative Agent in the exercise of its their sole discretion). Each such notice (a an "L/C Issuance RequestISSUANCE REQUEST") shall specify: (A) the requested date of such issuance (which shall be a Business Day); (B) the maximum amount of such L/C; (C) the expiration date of such L/C; (D) the purpose of such L/C; (E) the name and address of the beneficiary of such L/C; and (F) the identity of the L/C Issuer for such L/C; and (G) the required documents under any such L/C and, if one has been supplied requested by the beneficiary of such L/CIssuing Bank, the form of such L/C (which shall be acceptable to both of such L/C Issuer the Issuing Bank and the Administrative Agent, Agent in their respective sole discretion). The making of each L/C Issuance Request shall be deemed to be a representation and warranty by the Borrower that such L/C may be issued in accordance with and will not violate the terms of Section 2.03A(a)(isubsection 2.23(a) hereof. Each L/C Issuance Request shall be accompanied by the Application Documents, Issuing Bank's customary Standby or Documentary L/C application and other standard documents as may be required by the Issuing Bank (the "APPLICATION DOCUMENTS") each duly completed and executed and delivered by the Borrower.
(ii) Upon acceptance of the form of the proposed L/C by the applicable L/C Issuer Issuing Bank and the Administrative Agent and upon fulfillment of the conditions set forth above in this Section 2.03A(bsubsection 2.23(b) and the applicable conditions in Article III 4 hereof, such L/C Issuer the Issuing Bank shall issue such L/C and provide notice thereof to the Administrative Agent. Promptly after issuance, amendment or any extension of such L/C, such L/C Issuer shall provide the Administrative Agent with copy of such Standby L/C or amendment theretoDocumentary L/C. Each Documentary L/C shall be issued upon such other terms and conditions as may be approved by both the Issuing Bank and the Administrative Agent (in their sole discretion) which are not inconsistent with this Agreement.
(iii) Notwithstanding the foregoing, no L/C Issuer the Issuing Bank shall be under any no obligation to issue any L/C if at the time of such issuance:
(A) any order, judgment or decree of any governmental authority or arbitrator shall purport by its terms to enjoin or restrain such L/C Issuer the Issuing Bank from issuing such L/C or any requirement of law applicable to such L/C Issuer the Issuing Bank or any request or directive (whether or not having the force of law) from any governmental authority Governmental Authority with jurisdiction over such L/C Issuer the Issuing Bank shall prohibit, or request that such L/C Issuer the Issuing Bank refrain from, the issuance of letters of credit generally or such L/C in particular, particular or shall impose upon such L/C Issuer the Issuing Bank with respect to such L/C any requirement (for which such L/C Issuer the Issuing Bank is not otherwise compensated) not in effect on the date hereof, or any unreimbursed loss, cost or expense which was not applicable, in effect or known to such L/C Issuer the Issuing Bank as of the date hereof and which such L/C Issuer the Issuing Bank in good xxxxx xxxxx material to it; or or
(B) such L/C Issuer the Issuing Bank shall have received notice from any Lender prior to the issuance of such L/C that one or more of the applicable conditions specified in this Section 2.03A(b) 2.23 or in Article III 4.2 are not then satisfied, or that the issuance of such L/C would violate Section 2.01(bsubsection 2.23(a) above.
(iv) Upon the request of any Lender, the applicable L/C Issuer The Issuing Bank shall promptly deliver give written notice to such Lender each of the other Lenders of the information specified in Sections 2.03A(b)(i)(Asubsections 2.23(b)(i)(A) through (DE) above and copies of any L/Cs issued by such L/C Issuerabove.
(v) Each L/C Issuer shall, on the last Business Day of each calendar month, provide to the Administrative Agent a report of the L/C Obligations with respect to the L/Cs issued by it, including the date of issue, account party, amount, expiration date and reference number of each L/C issued by it.
(vi) The relevant L/C Issuer shall give the Administrative Agent at least three (3) Business Days' notice before such L/C Issuer extends (or allows an automatic extension of) the expiry date of any L/C issued by it. Such notice shall (i) identify such L/C, (ii) specify the date on which such extension is to be made (or the last day on which such L/C Issuer can give notice to prevent such extension from occurring) and (iii) specify the date to which such expiry date is to be so extended. No L/C Issuer shall extend (or allow the extension of) the expiry date of any L/C if (x) the extended expiry date would be after the thirtieth day before the Revolving Credit Termination Date or (y) such L/C Issuer shall have been notified by the Administrative Agent or the Required Lenders expressly to the effect that such issuance would violate the terms of Section 2.03A(a)(i) on the date such L/C is to be extended.
Appears in 1 contract
Notice and Issuance. (i) The Borrower shall give notice to the applicable L/C Issuer and to the Administrative Agent, Agent of a request for issuance of any L/C (a "L/C Issuance Request") not less than five (5) Business Banking Days prior to the proposed issuance date (which prescribed time period may be waived at the option of the applicable L/C Issuer in the exercise of its sole discretion). Each such notice (a "L/C Issuance Request") Request shall be substantially in the form of Exhibit E and shall specify: (A) the requested date of such issuance (which shall be a Business Banking Day); (B) the maximum amount of such L/C; (C) the expiration date of such L/C; (D) the purpose of such L/C; (E) the name and address of the beneficiary of such L/C; and (F) the identity of if requested by the L/C Issuer for such L/C; and (G) the required documents under any such L/C and, if one has been supplied by the beneficiary of such L/CIssuer, the form of such L/C and any related draw requests and similar documents (which shall be acceptable to both of such the L/C Issuer and the Administrative Agent, in their respective sole its reasonable discretion). The making of each L/C Issuance Request shall be deemed to be a representation and warranty by the Borrower that such the L/C requested therein may be issued in accordance with and will not violate the terms of Section 2.03A(a)(i) hereof2.2(a). Each L/C Issuance Request shall be accompanied by the Application Documents, each duly completed and executed and delivered by the Borrower.
(ii) Upon acceptance of the form of the proposed L/C by the applicable L/C Issuer and the Administrative Agent and upon fulfillment of the conditions set forth above in this Section 2.03A(b2.2(b) and the applicable conditions in Article III hereofIII, such the L/C Issuer shall issue such L/C and provide notice thereof to the Administrative Agent. Promptly after issuance, amendment or any extension of such L/C, such L/C Issuer shall provide the Administrative Agent with copy of such L/C or amendment thereto.C.
(iii) Notwithstanding the foregoing, no the L/C Issuer shall not be under any obligation to issue any L/C if at the time of such issuance:
(A) any order, judgment or decree of any governmental authority or arbitrator shall purport by its terms to enjoin or restrain such the L/C Issuer from issuing such L/C or any requirement of law applicable to such the L/C Issuer or any request or directive (whether or not having the force of law) from any governmental authority with jurisdiction over such the L/C Issuer shall prohibit, or request that such the L/C Issuer refrain from, the issuance of letters of credit generally or such L/C in particular, or shall impose upon such the L/C Issuer with respect to such L/C any requirement (for which such the L/C Issuer is not otherwise compensated) not in effect on the date hereof, or any unreimbursed loss, cost or expense which was not applicable, in effect or known to such the L/C Issuer as of the date hereof and which such the L/C Issuer in good xxxxx xxxxx material to it; or or
(B) such the L/C Issuer shall have received notice from Agent or any Lender Bank prior to the issuance of such L/C that one or more of the applicable conditions specified in this Section 2.03A(b2.2(b) or in Article III are not then satisfied, or that the issuance of such L/C would violate Section 2.01(b) above2.2(a).
(iv) Upon the request of any LenderBank, the applicable L/C Issuer shall promptly deliver to such Lender Bank the information specified in Sections 2.03A(b)(i)(A2.2(b)(i)(A) through (DF) above and copies of any L/Cs C issued by such the L/C Issuer.
(v) Each L/C Issuer shall, on the last Business Day of each calendar month, provide to the Administrative Agent a report of the L/C Obligations with respect to the L/Cs issued by it, including the date of issue, account party, amount, expiration date and reference number of each L/C issued by it.
(vi) The relevant L/C Issuer shall give the Administrative Agent at least three (3) Business Days' notice before such L/C Issuer extends (or allows an automatic extension of) the expiry date of any L/C issued by it. Such notice shall (i) identify such L/C, (ii) specify the date on which such extension is to be made (or the last day on which such L/C Issuer can give notice to prevent such extension from occurring) and (iii) specify the date to which such expiry date is to be so extended. No L/C Issuer shall extend (or allow the extension of) the expiry date of any L/C if (x) the extended expiry date would be after the thirtieth day before the Revolving Credit Termination Date or (y) such L/C Issuer shall have been notified by the Administrative Agent or the Required Lenders expressly to the effect that such issuance would violate the terms of Section 2.03A(a)(i) on the date such L/C is to be extended.
Appears in 1 contract
Samples: Credit Agreement (Midamerican Energy Holdings Co /New/)
Notice and Issuance. (i) The Borrower shall give notice to the applicable L/C Issuer Issuing Bank and to the Administrative Agent, Agent of a request for issuance of any L/C not less than five three (53) Business Days prior to the proposed issuance date (which prescribed time period may be waived at the option of the applicable L/C Issuer Issuing Bank and the Agent in the exercise of its their sole discretion). Each such notice (a an "L/C Issuance RequestISSUANCE REQUEST") shall specify: (A) the requested date of such issuance (which shall be a Business Day); (B) the maximum amount of such L/C; (C) the expiration date of such L/C; (D) the purpose of such L/C; (E) the name and address of the beneficiary of such L/C; and (F) the identity of the L/C Issuer for such L/C; and (G) the required documents under any such L/C and, if one has been supplied requested by the beneficiary of such L/CIssuing Bank, the form of such L/C (which shall be acceptable to both of such L/C Issuer the Issuing Bank and the Administrative Agent, Agent in their respective sole discretion). The making of each L/C Issuance Request shall be deemed to be a representation and warranty by the Borrower that such L/C may be issued in accordance with and will not violate the terms of Section 2.03A(a)(isubsection 2.16(a) hereof. Each L/C Issuance Request shall be accompanied by the Application Documents, Issuing Bank's customary Standby or Documentary L/C application and other standard documents as may be required by the Issuing Bank (the "APPLICATION DOCUMENTS") each duly completed and executed and delivered by the Borrower.
(ii) Upon acceptance of the form of the proposed L/C by the applicable L/C Issuer Issuing Bank and the Administrative Agent and upon fulfillment of the conditions set forth above in this Section 2.03A(bsubsection 2.16(b) and the applicable conditions in Article III 4 hereof, such L/C Issuer the Issuing Bank shall issue such L/C and provide notice thereof to the Administrative Agent. Promptly after issuance, amendment or any extension of such L/C, such L/C Issuer shall provide the Administrative Agent with copy of such Standby L/C or amendment theretoDocumentary L/C. Each Documentary L/C shall be issued upon such other terms and conditions as may be approved by both the Issuing Bank and the Agent (in their sole discretion) which are not inconsistent with this Agreement.
(iii) Notwithstanding the foregoing, no L/C Issuer the Issuing Bank shall be under any no obligation to issue any L/C if at the time of such issuance:
(A) any order, judgment or decree of any governmental authority or arbitrator shall purport by its terms to enjoin or restrain such L/C Issuer the Issuing Bank from issuing such L/C or any requirement of law applicable to such L/C Issuer the Issuing Bank or any request or directive (whether or not having the force of law) from any governmental authority with jurisdiction over such L/C Issuer the Issuing Bank shall prohibit, or request that such L/C Issuer the Issuing Bank refrain from, the issuance of letters of credit generally or such L/C in particular, particular or shall impose upon such L/C Issuer the Issuing Bank with respect to such L/C any requirement (for which such L/C Issuer the Issuing Bank is not otherwise compensated) not in effect on the date hereof, or any unreimbursed loss, cost or expense which was not applicable, in effect or known to such L/C Issuer the Issuing Bank as of the date hereof and which such L/C Issuer the Issuing Bank in good xxxxx xxxxx material to it; or or
(B) such L/C Issuer the Issuing Bank shall have received notice from any Lender Bank prior to the issuance of such L/C that one or more of the applicable conditions specified in this Section 2.03A(b) 2.16 or in Article III 4.2 are not then satisfied, or that the issuance of such L/C would violate Section 2.01(bsubsection 2.16(a) above.
(iv) Upon the request of any Lender, the applicable L/C Issuer The Issuing Bank shall promptly deliver give written notice to such Lender each of the other Banks of the information specified in Sections 2.03A(b)(i)(Asubsections 2.16(b)(i)(A) through (DE) above and copies of any L/Cs issued by such L/C Issuerabove.
(v) Each L/C Issuer shall, on the last Business Day of each calendar month, provide to the Administrative Agent a report of the L/C Obligations with respect to the L/Cs issued by it, including the date of issue, account party, amount, expiration date and reference number of each L/C issued by it.
(vi) The relevant L/C Issuer shall give the Administrative Agent at least three (3) Business Days' notice before such L/C Issuer extends (or allows an automatic extension of) the expiry date of any L/C issued by it. Such notice shall (i) identify such L/C, (ii) specify the date on which such extension is to be made (or the last day on which such L/C Issuer can give notice to prevent such extension from occurring) and (iii) specify the date to which such expiry date is to be so extended. No L/C Issuer shall extend (or allow the extension of) the expiry date of any L/C if (x) the extended expiry date would be after the thirtieth day before the Revolving Credit Termination Date or (y) such L/C Issuer shall have been notified by the Administrative Agent or the Required Lenders expressly to the effect that such issuance would violate the terms of Section 2.03A(a)(i) on the date such L/C is to be extended.
Appears in 1 contract
Notice and Issuance. (i) The Borrower shall give notice to the applicable L/C Issuer and to the Administrative Agent, Agent of a request for issuance of any L/C (a “L/C Issuance Request”) not less than five (5) Business Banking Days prior to the proposed issuance date (which prescribed time period may be waived at the option of the applicable L/C Issuer in the exercise of its sole discretion). Each such notice (a "L/C Issuance Request") Request shall be substantially in the form of Exhibit E and shall specify: (A) the requested date of such issuance (which shall be a Business Banking Day); (B) the maximum amount of such L/C; (C) the expiration date of such L/C; (D) the purpose of such L/C; (E) the name and address of the beneficiary of such L/C; and (F) the identity of if requested by the L/C Issuer for such L/C; and (G) the required documents under any such L/C and, if one has been supplied by the beneficiary of such L/CIssuer, the form of such L/C and any related draw requests and similar documents (which shall be acceptable to both of such the L/C Issuer and the Administrative Agent, in their respective sole its reasonable discretion). The making of each L/C Issuance Request shall be deemed to be a representation and warranty by the Borrower that such the L/C requested therein may be issued in accordance with and will not violate the terms of Section 2.03A(a)(i) hereof2.2(a). Each L/C Issuance Request shall be accompanied by the Application Documents, each duly completed and executed and delivered by the Borrower.
(ii) Upon acceptance of the form of the proposed L/C by the applicable L/C Issuer and the Administrative Agent and upon fulfillment of the conditions set forth above in this Section 2.03A(b2.2(b) and the applicable conditions in Article III hereofIII, such the L/C Issuer shall issue such L/C and provide notice thereof to the Administrative Agent. Promptly after issuance, amendment or any extension of such L/C, such L/C Issuer shall provide the Administrative Agent with copy of such L/C or amendment thereto.C.
(iii) Notwithstanding the foregoing, no the L/C Issuer shall not be under any obligation to issue any L/C if at the time of such issuance:
(A) any order, judgment or decree of any governmental authority Governmental Authority or arbitrator shall purport by its terms to enjoin or restrain such the L/C Issuer from issuing such L/C or any requirement of law applicable to such the L/C Issuer or any request or directive (whether or not having the force of law) from any governmental authority Governmental Authority with jurisdiction over such the L/C Issuer shall prohibit, or request that such the L/C Issuer refrain from, the issuance of letters of credit generally or such L/C in particular, or shall impose upon such the L/C Issuer with respect to such L/C any requirement (for which such the L/C Issuer is not otherwise compensated) not in effect on the date hereof, or any unreimbursed loss, cost or expense which was not applicable, in effect or known to such the L/C Issuer as of the date hereof and which such the L/C Issuer in good xxxxx xxxxx material to it; or or
(B) such the L/C Issuer shall have received notice from Agent or any Lender Bank prior to the issuance of such L/C that one or more of the applicable conditions specified in this Section 2.03A(b2.2(b) or in Article III are not then satisfied, or that the issuance of such L/C would violate Section 2.01(b) above2.2(a).
(iv) Upon the request of any LenderBank, the applicable L/C Issuer shall promptly deliver to such Lender Bank the information specified in Sections 2.03A(b)(i)(A2.2(b)(i)(A) through (DF) above and copies of any L/Cs C issued by such the L/C Issuer.
(v) Each L/C Issuer shall, on the last Business Day of each calendar month, provide to the Administrative Agent a report of the L/C Obligations with respect to the L/Cs issued by it, including the date of issue, account party, amount, expiration date and reference number of each L/C issued by it.
(vi) The relevant L/C Issuer shall give the Administrative Agent at least three (3) Business Days' notice before such L/C Issuer extends (or allows an automatic extension of) the expiry date of any L/C issued by it. Such notice shall (i) identify such L/C, (ii) specify the date on which such extension is to be made (or the last day on which such L/C Issuer can give notice to prevent such extension from occurring) and (iii) specify the date to which such expiry date is to be so extended. No L/C Issuer shall extend (or allow the extension of) the expiry date of any L/C if (x) the extended expiry date would be after the thirtieth day before the Revolving Credit Termination Date or (y) such L/C Issuer shall have been notified by the Administrative Agent or the Required Lenders expressly to the effect that such issuance would violate the terms of Section 2.03A(a)(i) on the date such L/C is to be extended.
Appears in 1 contract
Samples: Credit Agreement (Midamerican Energy Holdings Co /New/)
Notice and Issuance. (i) The Borrower shall give notice to the applicable L/C Issuer and to the Administrative Agent, Agent of a request for issuance of any L/C (a “L/C Issuance Request”) not less than five (5) Business Banking Days prior to the proposed issuance date (which prescribed time period may be waived at the option of the applicable L/C Issuer in the exercise of its sole discretion). Each such notice (a "L/C Issuance Request") Request shall be substantially in the form of Exhibit E and shall specify: (A) the requested date of such issuance (which shall be a Business Banking Day); (B) the maximum amount of such L/C; (C) the expiration date of such L/C; (D) the purpose of such L/C; (E) the name and address of the beneficiary of such L/C; and (F) the identity of if requested by the L/C Issuer for such L/C; and (G) the required documents under any such L/C and, if one has been supplied by the beneficiary of such L/CIssuer, the form of such L/C and any related draw requests and similar documents (which shall be acceptable to both of such the L/C Issuer and the Administrative Agent, in their respective sole its reasonable discretion). The making of each L/C Issuance Request shall be deemed to be a representation and warranty by the Borrower that such the L/C requested therein may be issued in accordance with and will not violate the terms of Section 2.03A(a)(i) hereof2.2(a). Each L/C Issuance Request shall be accompanied by the Application Documents, each duly completed and executed and delivered by the Borrower.
(ii) Upon acceptance of the form of the proposed L/C by the applicable L/C Issuer and the Administrative Agent and upon fulfillment of the conditions set forth above in this Section 2.03A(b2.2(b) and the applicable conditions in Article III hereofIII, such the L/C Issuer shall issue such L/C and provide notice thereof to the Administrative Agent. Promptly after issuance, amendment or any extension of such L/C, such L/C Issuer shall provide the Administrative Agent with copy of such L/C or amendment thereto.C.
(iii) Notwithstanding the foregoing, no the L/C Issuer shall not be under any obligation to issue any L/C if at the time of such issuance:
(A) any order, judgment or decree of any governmental authority Governmental Authority or arbitrator shall purport by its terms to enjoin or restrain such the L/C Issuer from issuing such L/C or any requirement of law applicable to such the L/C Issuer or any request or directive (whether or not having the force of law) from any governmental authority Governmental Authority with jurisdiction over such the L/C Issuer shall prohibit, or request that such the L/C Issuer refrain from, the issuance of letters of credit generally or such L/C in particular, or shall impose upon such the L/C Issuer with respect to such L/C any requirement (for which such the L/C Issuer is not otherwise compensated) not in effect on the date hereof, or any unreimbursed loss, cost or expense which was not applicable, in effect or known to such the L/C Issuer as of the date hereof and which such the L/C Issuer in good xxxxx fxxxx xxxxx material to it; or or
(B) such the L/C Issuer shall have received notice from Agent or any Lender Bank prior to the issuance of such L/C that one or more of the applicable conditions specified in this Section 2.03A(b2.2(b) or in Article III are not then satisfied, or that the issuance of such L/C would violate Section 2.01(b) above2.2(a).
(iv) Upon the request of any LenderBank, the applicable L/C Issuer shall promptly deliver to such Lender Bank the information specified in Sections 2.03A(b)(i)(A2.2(b)(i)(A) through (DF) above and copies of any L/Cs C issued by such the L/C Issuer.
(v) Each L/C Issuer shall, on the last Business Day of each calendar month, provide to the Administrative Agent a report of the L/C Obligations with respect to the L/Cs issued by it, including the date of issue, account party, amount, expiration date and reference number of each L/C issued by it.
(vi) The relevant L/C Issuer shall give the Administrative Agent at least three (3) Business Days' notice before such L/C Issuer extends (or allows an automatic extension of) the expiry date of any L/C issued by it. Such notice shall (i) identify such L/C, (ii) specify the date on which such extension is to be made (or the last day on which such L/C Issuer can give notice to prevent such extension from occurring) and (iii) specify the date to which such expiry date is to be so extended. No L/C Issuer shall extend (or allow the extension of) the expiry date of any L/C if (x) the extended expiry date would be after the thirtieth day before the Revolving Credit Termination Date or (y) such L/C Issuer shall have been notified by the Administrative Agent or the Required Lenders expressly to the effect that such issuance would violate the terms of Section 2.03A(a)(i) on the date such L/C is to be extended.
Appears in 1 contract
Samples: Credit Agreement (Midamerican Energy Holdings Co /New/)