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

Procedure for Issuance of Letters of Credit. The Company may from time to time request that the Issuing Bank issue a Letter of Credit by delivering to the Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may request. Upon receipt of any Application, the 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 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 by the Issuing Bank and the Company. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company promptly following the issuance thereof.

Appears in 12 contracts

Samples: Credit Agreement (Humana Inc), Credit Agreement (Humana Inc), Credit Agreement (Humana Inc)

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Procedure for Issuance of Letters of Credit. The Company Borrower may from time to time request that the Issuing Bank issue a Letter of Credit by delivering to the Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may reasonably request. Upon receipt of any Application, the 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 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 by the Issuing Bank and the CompanyBorrower. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company Borrower promptly following the issuance thereof.

Appears in 8 contracts

Samples: Quarterly Report, Quarterly Report, Credit Agreement (El Paso Energy Partners Lp)

Procedure for Issuance of Letters of Credit. The Company Borrowers may from time to time request that the Issuing Bank issue a Letter of Credit at any time prior to the date that is 30 days prior to the Revolving Loans Maturity Date by delivering to the Issuing Bank a Letter of Credit Application at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Bank, and together with such other certificates, documents and other papers and information as the Issuing Bank may request. Upon receipt of any Letter of Credit Application, the Issuing Bank will 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 promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Bank be required to issue any 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 Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Issuing Bank and the CompanyBorrowers. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company Borrowers promptly following the issuance thereof.

Appears in 3 contracts

Samples: Credit Agreement (Winc, Inc.), Credit Agreement (Winc, Inc.), Credit Agreement (Winc, Inc.)

Procedure for Issuance of Letters of Credit. The Company may from time to time request that the any Issuing Bank issue a Letter of Credit by delivering to the such Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the such Issuing Bank, and such other certificates, documents and other papers and information as the such Issuing Bank may request. Upon receipt of any Application, the 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 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 by the such Issuing Bank and the Company. The Such Issuing Bank shall furnish a copy of such Letter of Credit to the Company promptly following the issuance thereof.

Appears in 3 contracts

Samples: Credit Agreement (Humana Inc), Credit Agreement (Humana Inc), Credit Agreement (Humana Inc)

Procedure for Issuance of Letters of Credit. The Company or any Subsidiary may from time to time request that the Issuing Bank issue a Letter of Credit by (a) delivering to the Issuing Bank at its address for notices specified herein an Application thereforin such manner as may be agreed by or be acceptable to the Issuing Bank (including by electronic transmission) a Letter of Credit Application, completed to the reasonable satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may requestreasonably request and (b) concurrently delivering a written notice to the Administrative Agent that such Letter of Credit has been requested. Upon receipt of any such Letter of Credit Application, the Issuing Bank will agrees to 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 promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Bank be required to issue any Letter of Credit earlier than three 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 Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Issuing Bank and the CompanyCompany with respect thereto. The Issuing Bank shall furnish a copy of such each Letter of Credit issued by the Issuing Bank to the Company and the Administrative Agent promptly following the issuance thereof.

Appears in 2 contracts

Samples: Credit Agreement (Kinetic Concepts Inc /Tx/), Credit and Guarantee Agreement (Kinetic Concepts Inc /Tx/)

Procedure for Issuance of Letters of Credit. The Company may from time to time request that the Issuing Bank issue a Letter of Credit by delivering to the Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may requestreasonably request in accordance with its customary procedures (with a copy to the Administrative Agent). Upon receipt of any Application, the 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 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 by the Issuing Bank and the Company. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company promptly following the issuance thereof.

Appears in 2 contracts

Samples: Credit Agreement (Ryland Group Inc), Credit Agreement (Ryland Group Inc)

Procedure for Issuance of Letters of Credit. The Company Borrower may from time to time request that the an Issuing Bank issue a Letter of Credit by delivering to the such Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the such Issuing Bank, and such other certificates, documents and other papers and information as the such Issuing Bank may reasonably request. Upon receipt of any Application, the 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 an 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 by the such Issuing Bank and the CompanyBorrower. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company Borrower and to each Participating Bank promptly following the issuance thereof.

Appears in 2 contracts

Samples: Credit Agreement (General Chemical Group Inc), Credit Agreement (General Chemical Group Inc)

Procedure for Issuance of Letters of Credit. The Company or any Subsidiary may from time to time request that the Issuing Bank issue a Letter of Credit by (a) delivering to the Issuing Bank at its address for notices specified herein an Application thereforin such manner as may be agreed by or be acceptable to the Issuing Bank (including by electronic transmission) a Letter of Credit Application, completed to the reasonable satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may requestreasonably request and (b) concurrently delivering a notice to the Administrative Agent that such Letter of Credit has been requested. Upon receipt of any such Letter of Credit Application, the Issuing Bank will agrees to 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 promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Bank be required to issue any Letter of Credit earlier than three 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 Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Issuing Bank and the CompanyCompany with respect thereto. The Issuing Bank shall furnish a copy of such each Letter of Credit issued by the Issuing Bank to the Company and the Administrative Agent promptly following the issuance thereof.

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (Kinetic Concepts Inc /Tx/), Credit and Guarantee Agreement (Kci New Technologies Inc)

Procedure for Issuance of Letters of Credit. The Company HCC may from time to time request that the Issuing Bank issue a Letter of Credit by delivering to the Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may request. Upon receipt of any Application, the 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 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 by the Issuing Bank and the CompanyHCC. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company HCC promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Hanover Compressor Co)

Procedure for Issuance of Letters of Credit. The Company may from time to time Borrowers shall request that the such Issuing Bank issue a Letter of Credit by delivering to the such Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may request. Upon receipt of any Application, the 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 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 by the Issuing Bank and the CompanyBorrowers; provided that the Issuing Bank shall in no event be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto. The In the event that the Letter of Credit to be issued is a Standby Letter of Credit, the Issuing Bank shall furnish a copy of such Standby Letter of Credit to each of the Company Agent and the Borrowers promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Advanced Communication Systems Inc)

Procedure for Issuance of Letters of Credit. The Company Borrower may from time to time request that the Issuing Bank issue a Letter of Credit by delivering to the Issuing Bank at its address office for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may reasonably request. Upon receipt by the Issuing Bank of any Application, the 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 Issuing Bank be required to issue any Letter of Credit earlier than (a) with respect to Standby Letters of Credit, three (3) Business Days Days, and (b) with respect to Commercial Letters of Credit, one Business Day, 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 by the Issuing Bank and the Company. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company promptly following the issuance thereofBorrower.

Appears in 1 contract

Samples: Credit Agreement (Transaction Network Services Inc)

Procedure for Issuance of Letters of Credit. The Company ASI may from time ------------------------------------------- to time request that the Issuing Bank issue a Letter of Credit by delivering to the Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may request. Upon receipt of any Application, the 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 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 by the Issuing Bank and the CompanyASI. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company ASI promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Asi Solutions Inc)

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Procedure for Issuance of Letters of Credit. The Company Borrower may from time to time request that the Issuing Bank Lender issue a Letter of Credit by delivering to the Issuing Bank Lender at its address for notices specified herein the Administrative Agent's Office an Application therefor, completed to the satisfaction of the Issuing BankLender, and such other certificates, documents and other papers and information as the Issuing Bank Lender may request. Upon receipt of any Application, the Issuing Bank will Lender shall 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 shall, subject to Section 3.1 and Article V, promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Bank Lender be required to issue any Letter of Credit earlier than three (3) 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 by the Issuing Bank and the Company. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company promptly following the issuance thereof.Issuing

Appears in 1 contract

Samples: Credit Agreement (Performance Food Group Co)

Procedure for Issuance of Letters of Credit. The Company may from time to time request that the an Issuing Bank issue a Letter of Credit by delivering to the such Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the such Issuing Bank, and such other certificates, documents and other papers and information as the such Issuing Bank may reasonably request. Upon receipt of any Application, the 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 an 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 by the such Issuing Bank and the Company. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company and to each Participating Bank promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Gentek Inc)

Procedure for Issuance of Letters of Credit. The Company Borrower ------------------------------------------- may from time to time request that the Issuing Bank Lender issue a Letter of Credit by delivering to the Issuing Bank Lender at its address for notices specified herein the Lender's Office an Application therefor, completed to the satisfaction of the Issuing BankLender, and such other certificates, documents and other papers and information as the Issuing Bank Lender may request. Upon receipt of any Application, the Issuing Bank will Lender shall 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 shall, subject to Section 3.1 and Article 5 hereof, promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Bank Lender 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 by the Issuing Bank Lender and the CompanyBorrower. The Issuing Bank Lender shall furnish to the Borrower a copy such Letter of Credit promptly following the issuance of such Letter of Credit to the Company promptly following the issuance thereofCredit.

Appears in 1 contract

Samples: Credit Agreement (Edutrek Int Inc)

Procedure for Issuance of Letters of Credit. The Company may from time to time request that the an Issuing Bank issue a Letter of Credit by delivering to the such Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the such Issuing Bank, and such other certificates, documents and other papers and information as the such Issuing Bank may reasonably request. Upon receipt of any Application, the 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 even shall the an 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 by the such Issuing Bank and the Company. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company and to each Participating Bank promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Gentek Inc)

Procedure for Issuance of Letters of Credit. The Company Each Borrower may from time to time request that the Issuing Bank issue a Letter of Credit by delivering to the Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may reasonably request. Upon receipt of any Application, the 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 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 by the Issuing Bank and the Companysuch Borrower. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company such Borrower promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Caribiner International Inc)

Procedure for Issuance of Letters of Credit. The Company may from time to time request that the any Issuing Bank issue a Letter of Credit by delivering to the Issuing Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Bank, and such other certificates, documents and other papers and information as the Issuing Bank may request. Upon receipt of any Application, the 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 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 by the Issuing Bank and the Company. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Humana Inc)

Procedure for Issuance of Letters of Credit. The Company Borrower may from time to time request that the Issuing Bank Lender issue a Letter of Credit by delivering to the Issuing Bank Lender, at its address for notices the office of the Issuing Lender specified herein in Section 11.2, an Application application therefor, completed to the reasonable satisfaction of the Issuing BankLender, and such other certificates, documents and other papers and information as the Issuing Bank Lender may reasonably request. Upon receipt of any Application, the Issuing Bank Lender 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 Issuing Bank Lender 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 by the Issuing Bank and the Company. The Issuing Bank shall furnish a copy of such Letter of Credit to the Company promptly following the issuance thereof.the

Appears in 1 contract

Samples: Credit Agreement (Radio One Inc)

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