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

Procedure for Issuance of Facility Letters of Credit. (a) The Borrower shall give the Issuing Bank and the Agent at least five (5) Business Days' prior written notice of any requested issuance of a Facility Letter of Credit under this Agreement substantially in the form of Exhibit I-3 attached hereto (a "Letter of Credit Request") (except that, in lieu of such written notice, the Borrower may give the Issuing Bank and the Agent telephonic notice of such request if confirmed in writing by delivery to the Issuing Bank and the Agent (i) by the close of business on such day (A) of a telecopy of the written notice required hereunder which has been signed by an Authorized Officer, or (B) of a telex containing all information required to be contained in such written notice and (ii) promptly (but in no event later than the requested date of issuance) of the written notice required hereunder containing the original signature of an Authorized Officer); such notice shall specify:

Appears in 3 contracts

Samples: Revolving Credit Agreement (RFS Hotel Investors Inc), Assignment Agreement (RFS Hotel Investors Inc), Assignment Agreement (RFS Hotel Investors Inc)

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Procedure for Issuance of Facility Letters of Credit. (a) The Borrower shall give the Issuing Bank and the Administrative Agent at least five (5) Business Days' prior written notice of any requested issuance of a Facility Letter of Credit under this Agreement substantially in the form of Exhibit I-3 attached hereto (a "Letter of Credit RequestLETTER OF CREDIT REQUEST") (except that, in lieu of such written notice, the Borrower may give the Issuing Bank and the Administrative Agent telephonic notice of such request if confirmed in writing by delivery to the Issuing Bank and the Administrative Agent (i) by the close of business on such day (A) of a telecopy of the written notice required hereunder which has been signed by an Authorized Officer, or (B) of a telex containing all information required to be contained in such written notice and (ii) promptly (but in no event later than the requested date of issuance) of the written notice required hereunder containing the original signature of an Authorized Officer); such notice shall specify:

Appears in 3 contracts

Samples: Assignment Agreement (Centerpoint Properties Corp), Assignment Agreement (Centerpoint Properties Trust), Assignment Agreement (Centerpoint Properties Trust)

Procedure for Issuance of Facility Letters of Credit. (a) The Borrower shall give the Issuing Bank and the Administrative Agent at least five (5) Business Days' prior written notice of any requested issuance of a Facility Letter of Credit under this Agreement substantially in the form of Exhibit I-3 attached hereto (a "Letter of Credit Request") (except that, in lieu of such written notice, the Borrower may give the Issuing Bank and the Administrative Agent telephonic notice of such request if confirmed in writing by delivery to the Issuing Bank and the Administrative Agent (i) by the close of business on such day immediately (A) of a telecopy of the written notice required hereunder which has been signed by an Authorized Officerauthorized officer, or (B) of a telex containing all information required to be contained in such written notice and (ii) promptly (but in no event later than the requested date of issuance) of the written notice required hereunder containing the original signature of an Authorized Officerauthorized officer); such notice shall be irrevocable and shall specify:

Appears in 2 contracts

Samples: Credit Agreement (Developers Diversified Realty Corp), Credit Agreement (Developers Diversified Realty Corp)

Procedure for Issuance of Facility Letters of Credit. (a) The Borrower shall give the Issuing Bank and the Administrative Agent at least five (5) Business Days' prior written notice of any requested issuance of a Facility Letter of Credit under this Agreement substantially in the form of Exhibit I-3 attached hereto (a "Letter of Credit Request") (except that, in lieu of such written notice, the Borrower may give the Issuing Bank and the Administrative Agent telephonic notice of such request if confirmed in writing by delivery to the Issuing Bank and the Administrative Agent (i) by the close of business on such day (A) of a telecopy of the written notice required hereunder which has been signed by an Authorized Officer, or (B) of a telex containing all information required to be contained in such written notice and (ii) promptly (but in no event later than the requested date of issuance) of the written notice required hereunder containing the original signature of an Authorized Officer); such notice shall specify:

Appears in 1 contract

Samples: Revolving Credit Agreement (Centerpoint Properties Trust)

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Procedure for Issuance of Facility Letters of Credit. (a) The Borrower shall give the Issuing Bank and the Agent at least five (5) Business Days' prior written notice of any requested issuance of a Facility Letter of Credit under this Agreement substantially in the form of Exhibit I-3 attached hereto (a "Letter LETTER OF CREDIT REQUEST"), a copy of Credit Request") which shall be sent immediately to all Lenders (except that, in lieu of such written notice, the Borrower may give the Issuing Bank and the Agent telephonic notice of such request if confirmed in writing by delivery to the Issuing Bank and the Agent (i) by the close of business on such day (A) of a telecopy of the written notice required hereunder which has been signed by an Authorized Officer, or (B) of a telex containing authorized officer and contains all information required to be contained in such written notice and (ii) promptly (but in no event later than the requested date of issuance) of the written notice required hereunder containing the original signature of an Authorized Officerauthorized officer); such notice shall specify:

Appears in 1 contract

Samples: Assignment Agreement (Great Lakes Reit)

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