Common use of Procedure for Issuance of Letter of Credit Clause in Contracts

Procedure for Issuance of Letter of Credit. The Borrower may from time to time request that the Issuer issue a Letter of Credit by delivering to the Issuer at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuer, and such other certificates, documents and other papers and information as the Issuer may request. Upon receipt of any Application, the Issuer will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuer be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by the Issuer and the Borrower. The Issuer shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof. The Issuer shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Lenders, notice of the issuance of each Letter of Credit (including the amount thereof).

Procedure for Issuance of Letter of Credit. The Borrower may from time to time request that the Issuer an Issuing Bank issue a Letter of Credit (or any amendment, renewal or extension of an outstanding Letter of Credit) by delivering to such Issuing Bank and the Issuer Administrative Agent at its address their respective addresses for notices specified herein an Application therefor, completed to the satisfaction of the Issuersuch Issuing Bank, and such other certificates, documents and other papers and information as the Issuer such Issuing Bank may request. Upon receipt of any Application, the Issuer such Issuing Bank will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuer such Issuing Bank be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating theretoApplication) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by the Issuer such Issuing Bank and the Borrower. The Issuer Such Issuing Bank shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof. The Issuer Such Issuing Bank shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Lenders, notice of the issuance of each Letter of Credit (including the amount thereof).

Procedure for Issuance of Letter of Credit. The Either Borrower may from time to time request that the Issuer an Issuing Bank issue a Letter of Credit by delivering to the Issuer such Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuersuch Issuing Bank, and such other certificates, customary documents and other papers and information as the Issuer such Issuing Bank may reasonably request. Upon receipt of any Application, the Issuer such Issuing Bank will process such Application and the certificates, other customary documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuer such Issuing Bank be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by the Issuer such Issuing Bank and the relevant Borrower. The Issuer Such Issuing Bank shall furnish a copy of such Letter of Credit to the relevant Borrower promptly following the issuance thereof. The Issuer Such Issuing Bank shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Canadian/US Secured Lenders, notice of the issuance of each Letter of Credit (including the amount thereof).

Procedure for Issuance of Letter of Credit. The Borrower may from time to time request that the Issuer an Issuing Bank issue a Letter of Credit by delivering to the Issuer such Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuersuch Issuing Bank, and such other certificates, documents and other papers and information as the Issuer such Issuing Bank may request. Upon receipt of any Application, the Issuer such Issuing Bank will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuer such Issuing Bank be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed to by the Issuer such Issuing Bank and the Borrower. The Issuer Such Issuing Bank shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof. The Issuer Such Issuing Bank shall promptly furnish to the Administrative Agent, which shall in turn promptly furnish to the Lenders, Lenders notice of the issuance of each Letter of Credit (including the amount thereof).