Common use of Procedure for Issuance of Facility Letters of Credit Clause in Contracts

Procedure for Issuance of Facility Letters of Credit. (a) Borrower shall give the Issuing Bank and the Administrative Agent at least three (3) Business Days’ prior written notice of any requested issuance of a Facility Letter of Credit under this Agreement (a “Letter of Credit Request”) and shall (i) immediately provide the Issuing Bank and the Administrative Agent with a telecopy of the written notice required hereunder which has been signed by an Authorized Officer or a telex containing all information required to be contained in such written notice and (ii) promptly provide the Issuing Bank and the Administrative Agent (in no event later than the requested date of issuance) with the written notice required hereunder containing the original signature of an authorized officer; such notice shall be irrevocable, except as provided in Section 2A.4(b)(i) below, and shall specify:

Appears in 6 contracts

Samples: Credit Agreement (InvenTrust Properties Corp.), Credit Agreement (Inland American Real Estate Trust, Inc.), Credit Agreement (Inland American Real Estate Trust, Inc.)

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Procedure for Issuance of Facility Letters of Credit. (a) Borrower shall give the Issuing Bank and the Administrative Agent at least three (3) Business Days’ prior written notice of any requested issuance of a Facility Letter of Credit under this Agreement (a “Letter of Credit Request”) and shall (i) immediately provide the Issuing Bank and the Administrative Agent with a telecopy of the written notice required hereunder which has been signed by an Authorized Officer or a telex containing all information required to be contained in such written notice and (ii) promptly provide the Issuing Bank and the Administrative Agent (in no event later than the requested date of issuance) with the written notice required hereunder containing the original signature of an authorized officer; such notice shall be irrevocable, except as provided in Section 2A.4(b)(i) below, and shall specify:

Appears in 1 contract

Samples: Credit Agreement (InvenTrust Properties Corp.)

Procedure for Issuance of Facility Letters of Credit. (ai) Borrower shall give the Issuing Bank and the Administrative Agent at least three five (35) Domestic Business Days’ Days prior written notice of any requested issuance of a Facility Letter of Credit under this Agreement by submitting a Notice of Borrowing (a "Letter of Credit Request") and shall [except that, in lieu of such written notice, the Borrower may give the Agent telephonic notice of such request if confirmed in writing by delivery to the Agent (ix) immediately provide the Issuing Bank and the Administrative Agent with of a telecopy of the written notice required hereunder which has been signed by an Authorized Officer or a telex containing all information required to be contained in such written notice authorized officer, and (iiy) promptly provide the Issuing Bank and the Administrative Agent (but in no event later than the requested date of issuance) with of the written notice required hereunder containing the original signature of an authorized officer; such ]. Such notice shall be irrevocable, except as provided in Section 2A.4(b)(i) below, and shall specify:

Appears in 1 contract

Samples: Syndicated Credit Agreement (Winston Hotels Inc)

Procedure for Issuance of Facility Letters of Credit. (a) Borrower shall give the Issuing Bank and the Administrative Agent at least three (3) Business Days' prior written notice of any requested issuance of a Facility Letter of Credit under this Agreement (a "Letter of Credit Request") and shall (i) immediately provide the Issuing Bank and the Administrative Agent with a telecopy of the written notice required hereunder which has been signed by an Authorized Officer or a telex containing all information required to be contained in such written notice and (ii) promptly provide the Issuing Bank and the Administrative Agent (in no event later than the requested date of issuance) with the written notice required hereunder containing the original signature of an authorized officer; such notice shall be irrevocable, except as provided in Section 2A.4(b)(i) below, and shall specify:

Appears in 1 contract

Samples: Credit Agreement (Glimcher Realty Trust)

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Procedure for Issuance of Facility Letters of Credit. (a) Borrower shall give the Issuing Bank and the Administrative Agent at least three (3) Business Days' prior written notice of any requested issuance of a Facility Letter of Credit under this Agreement (a "Letter of Credit Request") and shall (i) immediately provide the Issuing Bank and the Administrative Agent with a telecopy of the written notice required hereunder which has been signed by an Authorized Officer or a telex containing all information required to be contained in such written notice and (ii) promptly provide the Issuing Bank and the Administrative Agent (in no event later than the requested date of issuance) with the written notice required hereunder containing the original signature of an authorized officer; such notice shall be irrevocable, except as provided below in this Section 2A.4(b)(i) below2.22(d), and shall specify:

Appears in 1 contract

Samples: Credit Agreement (Associated Estates Realty Corp)

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