Common use of Notice of Issuance, Amendment, Renewal or Extension Clause in Contracts

Notice of Issuance, Amendment, Renewal or Extension. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit) or creation of an Acceptance, a Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Lender and the Administrative Agent) to such Issuing Lender and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal, extension or creation) a notice requesting the issuance of a Letter of Credit or creation of an Acceptance, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit or Acceptance is to expire (which shall comply with paragraph (d) of this Section), the amount of such Letter of Credit or Acceptance, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit or create such Acceptance. If requested by an Issuing Lender, such Borrower also shall submit a letter of credit application on such Issuing Lender’s standard form in connection with any request for a Letter of Credit. The procedures (including as to the discounting of any Acceptance) related to the creation of Acceptances under Letters of Credit shall be established by the applicable Issuing Lender in their discretion. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit or acceptance application or other agreement submitted by such Borrower to, or entered into by such Borrower with, the applicable Issuing Lender relating to any Letter of Credit or any Acceptance, the terms and conditions of this Agreement shall control.

Appears in 6 contracts

Samples: Credit Agreement (1 800 Flowers Com Inc), Credit Agreement (1 800 Flowers Com Inc), Credit Agreement (1 800 Flowers Com Inc)

AutoNDA by SimpleDocs

Notice of Issuance, Amendment, Renewal or Extension. To request the issuance of a Participated Letter of Credit (or the amendment, renewal or extension of an outstanding Participated Letter of Credit) or creation of ), an Acceptance, a Borrower Account Party shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Lender and the Administrative AgentLender) to such the Issuing Lender and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal, extension renewal or creationextension) a notice requesting the issuance of a Participated Letter of Credit or creation of an AcceptanceCredit, or identifying the Participated Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Participated Letter of Credit or Acceptance is to expire (which shall comply with paragraph (d) of this Section), the amount of such Participated Letter of Credit or AcceptanceCredit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Participated Letter of Credit. The Administrative Agent shall give prompt notice of each such request to the Lenders under the Letter of Credit or create such AcceptanceTranche. If requested by an the Issuing Lender, such Borrower Account Party also shall submit a letter of credit application on such the Issuing Lender’s 's standard form in connection with any request for a Participated Letter of Credit. The procedures (including as to the discounting of any Acceptance) related to the creation of Acceptances under Letters of Credit shall be established by the applicable Issuing Lender in their discretion. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit or acceptance application or other agreement submitted by such Borrower Account Party to, or entered into by such Borrower any Account Party with, the applicable Issuing Lender relating to any Participated Letter of Credit or any AcceptanceCredit, the terms and conditions of this Agreement shall control.

Appears in 2 contracts

Samples: Credit Agreement (Security Capital Assurance LTD), Credit Agreement (Security Capital Assurance LTD)

Notice of Issuance, Amendment, Renewal or Extension. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit) or creation of an Acceptance), a the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable such Issuing Lender and the Administrative AgentBank) to such any Issuing Lender Bank and the Administrative Agent (reasonably in advance of of, which shall not be required to exceed five Business Days in advance of, the requested date of issuance, amendment, renewal, extension renewal or creationextension) a notice requesting the issuance of a Letter of Credit or creation of an AcceptanceCredit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit or Acceptance is to expire (which shall comply with paragraph (d) of this SectionSection 2.05), the amount amount, Class and Currency of such Letter of Credit, stating that such Letter of Credit is to be issued under the Multicurrency Commitments or AcceptanceDollar Commitments, as applicable, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit or create such AcceptanceCredit. The Administrative Agent will promptly notify the Revolving Lenders following the issuance of any Letter of Credit. If requested by an the applicable Issuing LenderBank, such the Borrower also shall submit a letter of credit application on such Issuing LenderBank’s standard form in connection with any request for a Letter of Credit. The procedures (including as to the discounting of any Acceptance) related to the creation of Acceptances under Letters of Credit shall be established by the applicable Issuing Lender in their discretion. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit or acceptance application or other agreement submitted by such the Borrower to, or entered into by such the Borrower with, the applicable any Issuing Lender Bank relating to any Letter of Credit or any AcceptanceCredit, the terms and conditions of this Agreement shall control.. 757699803 747507610 22702620

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Blue Owl Technology Income Corp.)

Notice of Issuance, Amendment, Renewal or Extension. To request the issuance Issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit) or creation of an Acceptance), a the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable such Issuing Lender and the Administrative AgentLender) to such an Issuing Lender and the Administrative Agent at least three (reasonably 3) Business Days (or such shorter time as such Issuing Lender may agree in advance of a particular instance in its sole discretion) prior to the requested date of issuance, amendment, renewal, extension or creation) Issuance Date a notice (a "Letter of Credit Application") requesting the issuance Issuance of a Letter of Credit or creation of an AcceptanceCredit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date Issuing Lender for such Letter of issuanceCredit, amendment, renewal or extension the Issuance Date (which shall be a Business Day), the date on which such Letter of Credit or Acceptance is to expire (which shall comply with paragraph (d) of this SectionSection 2.6.3), the amount of such Letter of Credit or AcceptanceCredit, the name and address of the beneficiary thereof thereof, all other terms and conditions regarding such Letter of Credit and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit or create such AcceptanceCredit. If requested by an Issuing Lender, such the Borrower also shall submit a letter Letter of credit application Credit Application on such Issuing Lender’s 's standard form in connection with any request for a Letter of Credit. The procedures (including as to the discounting of any Acceptance) related to the creation of Acceptances under Letters of Credit shall be established by the applicable Issuing Lender in their discretion. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter Letter of credit or acceptance application Credit Application or other agreement submitted by such the Borrower to, or entered into by such the Borrower with, the applicable an Issuing Lender relating to any Letter of Credit or any AcceptanceCredit, the terms and conditions of this Agreement shall control.

Appears in 1 contract

Samples: Credit Agreement (Midwest Generation LLC)

AutoNDA by SimpleDocs

Notice of Issuance, Amendment, Renewal or Extension. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit) or creation of an Acceptance), a the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Lender and the Administrative Agent) to such Issuing Lender and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal, extension or creation, but in any event no less than three Business Days in advance) a notice requesting the issuance of a Letter of Credit or creation of an AcceptanceCredit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit or Acceptance is to expire (which shall comply with paragraph (d) of this Section), the amount of such Letter of Credit or AcceptanceCredit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit or create such AcceptanceCredit. If requested by an Issuing Lender, such the Borrower also shall submit a letter of credit application on such Issuing Lender’s standard form in connection with any request for a Letter of Credit. The procedures (including as to the discounting of any Acceptance) related to the creation of Acceptances under Letters of Credit shall be established by the applicable Issuing Lender in their discretion. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit or acceptance application or other agreement submitted by such the Borrower to, or entered into by such the Borrower with, the applicable Issuing Lender relating to any Letter of Credit or any AcceptanceCredit, the terms and conditions of this Agreement shall control.

Appears in 1 contract

Samples: Credit Agreement (Cars.com Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.