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

Procedure for Issuance of Fronted Letters of Credit. The Borrower may from time to time request that the Fronting Bank issue a Fronted Letter of Credit by delivering to the Fronting Bank and the Administrative Agent a Letter of Credit Application therefor, completed to the satisfaction of the Fronting Bank, and such other certificates, documents and other papers and information as the Fronting Bank may request. Upon receipt of any Letter of Credit Application, the Fronting Bank shall process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall, subject to Section 3.2(a) and Article V, promptly issue the Fronted Letter of Credit requested thereby (but in no event shall the Fronting Bank be required to issue any Fronted Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Fronted Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Fronting Bank and the Borrower. The Fronting Bank shall promptly furnish to the Borrower a copy of such Fronted Letter of Credit and promptly notify each Lender of the issuance and upon request by any Lender, furnish to such Lender a copy of such Fronted Letter of Credit and the amount of such Lender’s participation therein.

Procedure for Issuance of Fronted Letters of Credit. The Borrower may from time to time request that the Fronting Bank issue a Fronted Letter of Credit by delivering to the Fronting Bank and the Administrative Agent a Letter of Credit Application therefor, completed to the satisfaction of the Fronting Bank, and such other certificates, documents and other papers and information as the Fronting Bank may request. Upon receipt of any Letter of Credit Application, the Fronting Bank shall process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall, subject to Section 3.2(a) and Article V, promptly issue the Fronted Letter of Credit requested thereby (but in no event shall the Fronting Bank be required to issue any Fronted Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Fronted Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Fronting Bank and the Borrower. The Fronting Bank shall promptly furnish to the Borrower a copy of such Fronted Letter of Credit and promptly notify each Lender of the issuance and upon request by any Lender, furnish to such Lender a copy of such Fronted Letter of Credit and the amount of such Lender’s participation therein.the

Procedure for Issuance of Fronted Letters of Credit. The Borrower may from time to time request that the Fronting Bank issue a Fronted Letter of Credit by delivering to the CHL:40759.7 Fronting Bank and the Administrative Agent a Letter of Credit Application therefor, completed to the satisfaction of the Fronting Bank, and such other certificates, documents and other papers and information as the Fronting Bank may request. Upon receipt of any Letter of Credit Application, the Fronting Bank shall process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall, subject to Section 3.2(a) and Article V, promptly issue the Fronted Letter of Credit requested thereby (but in no event shall the Fronting Bank be required to issue any Fronted Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Fronted Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Fronting Bank and the Borrower. The Fronting Bank shall promptly furnish to the Borrower a copy of such Fronted Letter of Credit and promptly notify each Lender of the issuance and upon request by any Lender, furnish to such Lender a copy of such Fronted Letter of Credit and the amount of such Lender’s participation therein.

Procedure for Issuance of Fronted Letters of Credit. The Borrower Borrowers may from time to time request that the Fronting Bank issue a Fronted Letter of Credit by delivering to the Fronting Bank and at the Administrative Agent Agent’s Office a Letter of Credit Application therefor, completed to the satisfaction of the Fronting Bank, and such other certificates, documents and other papers and information as the Fronting Bank may request. Upon receipt of any Letter of Credit Application, the Fronting Bank shall process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall, subject to Section 3.2(a) and Article V, promptly issue the Fronted Letter of Credit requested thereby (but in no event shall the Fronting Bank be required to issue any Fronted Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Fronted Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Fronting Bank and the BorrowerBorrowers. The Fronting Bank shall promptly furnish to the Borrower Borrowers a copy of such Fronted Letter of Credit and promptly notify each Lender of the issuance and upon request by any Lender, furnish to such Lender a copy of such Fronted Letter of Credit and the amount of such Lender’s participation therein.