Common use of Notification to Lenders Clause in Contracts

Notification to Lenders. Upon the issuance of or amendment to any Letter of Credit the applicable Issuing Lender shall promptly notify Administrative Agent and Company of such issuance or amendment in writing and such notice shall be accompanied by a copy of such Letter of Credit or amendment. Upon receipt of such notice (or, if Administrative Agent is the Issuing Lender, together with such notice), Administrative Agent shall notify each Lender in writing of such issuance or amendment and the amount of such Lender’s respective participation in such Letter of Credit or amendment, and, if so requested by a Lender, Administrative Agent shall provide such Lender with a copy of such Letter of Credit or amendment. In the event that Issuing Lender is other than Administrative Agent, such Issuing Lender will send by facsimile transmission to Administrative Agent, promptly upon the first Business Day of each week, a report of its daily aggregate maximum amount available for drawing under commercial Letters of Credit for the previous week. Upon receipt of such report, Administrative Agent shall notify each Lender in writing of the contents thereof.

Notification to Lenders. Upon the issuance of or amendment to any Standby Letter of Credit the applicable Issuing Lender shall promptly notify US Administrative Agent and Company of such issuance or amendment in writing and such amendment, which notice shall be accompanied by a copy of such Standby Letter of Credit or amendment. Upon receipt of such notice (or, if US Administrative Agent is the Issuing Lender, together with such notice), US Administrative Agent shall notify each Lender having a US Tranche Revolving Loan Commitment in writing of such issuance or amendment and the amount of such Lender’s 's respective participation in such Letter of Credit or amendment, and, if so requested by a Lender, Administrative Agent shall provide such Lender with a copy of such Standby Letter of Credit or amendment. In If the event that Issuing Lender of a Commercial Letter of Credit is other than US Administrative Agent, such Issuing Lender will send by facsimile transmission to US Administrative Agent, promptly upon on the first Business Day of each week, a report of its daily aggregate maximum amount available for drawing under commercial Letters such Commercial Letter of Credit for the previous week. Upon receipt of such report, US Administrative Agent shall notify each Lender having a US Tranche Revolving Loan Commitment in writing of the contents thereof.