Common use of Payment of Amounts Drawn Under Letters of Credit Clause in Contracts

Payment of Amounts Drawn Under Letters of Credit. (1) The Fronting Letter of Credit Lender shall notify the applicable Borrower with notice to the Agent on or before the date on which the Fronting Letter of Credit Lender intends to honour any drawing under a Letter of Credit.

Appears in 5 contracts

Samples: Credit Agreement (Tucows Inc /Pa/), Credit Agreement (Tucows Inc /Pa/), Senior Secured Credit Agreement (Tucows Inc /Pa/)

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Payment of Amounts Drawn Under Letters of Credit. (1i) The A Fronting Letter of Credit Lender shall notify the applicable Borrower with notice to the Administrative Agent on or before the date on which the such Fronting Letter of Credit Lender intends to honour any drawing under a Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement

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