Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), (B) the amount thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof, (E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.
Appears in 6 contracts
Samples: Credit Agreement (Public Service Co of New Mexico), And Restatement of Credit Agreement (Public Service Co of New Mexico), Credit Agreement (Texas New Mexico Power Co)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Issuing Bank and the Administrative Agent not later than 11:00 a.m. 12:00 p.m., central time at least two Business Days (or such later date and time as such L/C Issuer the Issuing Bank may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuing Bank: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer the Issuing Bank may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Bank (1w) the Letter of Credit to be amended, ; (2x) the proposed date of amendment thereof (which shall be a Business Day), ; (3y) the nature of the proposed amendment amendment; and (4z) such other matters as such L/C Issuer the Issuing Bank may require.
Appears in 5 contracts
Samples: Credit Agreement (Comstock Resources Inc), Credit Agreement (Comstock Oil & Gas, LP), Credit Agreement (Comstock Resources Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), (B) the amount thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof, (E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such the L/C Issuer may require.
Appears in 5 contracts
Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (Texas New Mexico Power Co), Credit Agreement (Texas New Mexico Power Co)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a an L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), (B) the amount thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof, (E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.
Appears in 4 contracts
Samples: Credit Agreement (Public Service Co of New Mexico), Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit L/C Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Such L/C Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit L/C Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit L/C Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1w) the Letter of Credit to be amended, ; (2x) the proposed date of amendment thereof (which shall be a Business Day), ; (3y) the nature of the proposed amendment amendment; and (4z) such other matters as such the L/C Issuer may reasonably require. Additionally, Borrower shall furnish to the L/C Issuer and Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or Agent may reasonably require.
Appears in 4 contracts
Samples: Credit Agreement (Gulfport Energy Corp), Credit Agreement (Gulfport Energy Corp), Credit Agreement (Gulfport Energy Corp)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower Company delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the BorrowerCompany. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the Administrative Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, ; (2) the proposed date of amendment thereof (which shall be a Business Day), ; (3) the nature of the proposed amendment amendment; and (4) such other matters as such the L/C Issuer may require. Additionally, the Company shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require.
Appears in 4 contracts
Samples: Credit Agreement (Cablevision Systems Corp /Ny), Credit Agreement (CSC Holdings Inc), Credit Agreement (Cablevision Systems Corp /Ny)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
Appears in 4 contracts
Samples: Credit Agreement (Carriage Services Inc), Credit Agreement (Prime Medical Services Inc /Tx/), Credit Agreement (United States Lime & Minerals Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the applicable Borrower delivered to a an L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the such Borrower. The Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), (B) the amount thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof, (E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.
Appears in 3 contracts
Samples: Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc), Credit Agreement (PNM Resources Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Such L/C Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. a.m., New York time, at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
Appears in 3 contracts
Samples: Credit Agreement (Atlantic Power Corp), Credit Agreement (Enbridge Energy Partners Lp), Assignment and Acceptance Agreement (Enbridge Energy Partners Lp)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. a.m., Administrative Agent’s Time, at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
Appears in 3 contracts
Samples: Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc), Construction Loan Agreement (Skechers Usa Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the Issuing Lender (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Authorized Officer of the Borrower. The Letter of Credit Application must be received by the applicable L/C Issuer Issuing Lender and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer the Issuing Lender may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuing Lender: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), (B) the amount thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof, (E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such L/C Issuer the Issuing Lender may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Lender (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer the Issuing Lender may require.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Polaris Industries Inc/Mn), Revolving Credit Agreement (Polaris Industries Inc/Mn), Day Revolving Credit Agreement (Polaris Industries Inc/Mn)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the applicable Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer Official of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Issuing Bank and the Administrative Agent not later than 11:00 a.m. 1:00 p.m., New York time, at least two 3 Business Days (or such later date and time as such L/C Issuer the applicable Issuing Bank may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuersuch Issuing Bank: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer the Issuing Bank may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Bank (1w) the Letter of Credit to be amended, ; (2x) the proposed date of amendment thereof (which shall be a Business Day), ; (3y) the nature of the proposed amendment amendment; and (4z) such other matters as such L/C Issuer the Issuing Bank may require.
Appears in 3 contracts
Samples: Revolving Loan Agreement (Kb Home), Revolving Loan Agreement (Kb Home), Revolving Loan Agreement (Kb Home)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower Company delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the BorrowerCompany. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. 12:00 p.m. at least two three Business Days (or such later date and time as such the Administrative Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; (G) the purpose and nature of the requested Letter of Credit; and (GH) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.;
Appears in 3 contracts
Samples: Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc), Credit Agreement (Buckeye Technologies Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit L/C Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Such L/C Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two four Business Days (or such later date and time as such Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit L/C Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit L/C Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require. Additionally, Borrower shall furnish to the L/C Issuer and Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or Agent may require.
Appears in 3 contracts
Samples: Credit Agreement (Cogdell Spencer Inc.), Credit Agreement (Cogdell Spencer Inc.), Credit Agreement (Cogdell Spencer Inc.)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. 12:00 p.m. at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), (B) the amount thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof, (E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.
Appears in 2 contracts
Samples: Credit Agreement (Texas New Mexico Power Co), Credit Agreement (Texas New Mexico Power Co)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer Official of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Issuing Bank and the Administrative Agent not later than 11:00 a.m. 1:00 p.m., Los Angeles time, at least two 3 Business Days (or such later date and time as such L/C Issuer the Issuing Bank may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuing Bank: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer the Issuing Bank may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Bank (1w) the Letter of Credit to be amended, ; (2x) the proposed date of amendment thereof (which shall be a Business Day), ; (3y) the nature of the proposed amendment amendment; and (4z) such other matters as such L/C Issuer the Issuing Bank may require.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Kb Home), Revolving Loan Agreement (Kb Home)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the Issuing Lender (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible an Executive Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Issuing Lender and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer the Issuing Lender may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuing Lender: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer the Issuing Lender may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Lender (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such L/C Issuer the Issuing Lender may require.
Appears in 2 contracts
Samples: Credit Agreement (CNL Retirement Properties Inc), Credit Agreement (CNL Retirement Properties Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Issuing Bank and the Administrative Agent not later than 11:00 a.m. 12:00 p.m., central time at least two Business Days (or such later date and time as such L/C Issuer the Issuing Bank may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuing Bank: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer the Issuing Bank may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Bank (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such L/C Issuer the Issuing Bank may require.
Appears in 2 contracts
Samples: Credit Agreement (Comstock Resources Inc), Credit Agreement (Comstock Resources Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer (with a copy to the Administrative Agent) Lender in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible an Executive Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent Lender not later than 11:00 a.m. (Atlanta, Georgia time) at least two three Business Days (or such later date and time as such L/C Issuer the Lender may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerLender: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer the Lender may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Lender (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such L/C Issuer the Lender may reasonably require.
Appears in 2 contracts
Samples: Credit Agreement (PRG Schultz International Inc), Credit Agreement (PRG Schultz International Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the BorrowerBorrower and/or such Subsidiary, as required by the L/C Issuer. The Such Letter of Credit Application may be sent by fax transmission, by United States mail, by overnight courier, by electronic transmission using the system provided by the L/C Issuer, by personal delivery or by any other means acceptable to the L/C Issuer. Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two (2) Business Days (or such later date and time as such the Administrative Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; (G) the purpose and nature of the requested Letter of Credit; and (GH) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, ; (2) the proposed date of amendment thereof (which shall be a Business Day), ; (3) the nature of the proposed amendment amendment; and (4) such other matters as such the L/C Issuer may require. Additionally, the Borrower shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require.
Appears in 2 contracts
Samples: Credit Agreement (Evi Industries, Inc.), Credit Agreement (EnviroStar, Inc.)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a an L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit ApplicationRequest for L/C Issuance, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Application Such Request for L/C Issuance must be received by the applicable relevant L/C Issuer and the Administrative Agent not later than 11:00 a.m. 12:30 p.m. at least two (2) Business Days (prior to the proposed issuance date or date of amendment, as the case may be; or, in each case, such later date and time as such the relevant L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application Request for L/C Issuance shall specify in form and detail reasonably satisfactory to the applicable relevant L/C Issuer: (Aa) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (Bb) the amount thereof, ; (Cc) the expiry date thereof, ; (Dd) the name and address of the beneficiary thereof, ; (Ee) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (Ff) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (Gg) such other matters as such the relevant L/C Issuer may requirereasonably request. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application Request for L/C Issuance shall specify in form and detail reasonably satisfactory to the applicable relevant L/C Issuer (1) the Letter of Credit to be amended, ; (2) the proposed date of amendment thereof (which shall be a Business Day), ; (3) the nature of the proposed amendment amendment; and (4) such other matters as such the relevant L/C Issuer may requirereasonably request.
Appears in 2 contracts
Samples: Credit Agreement (Styron Canada ULC), Credit Agreement (Trinseo S.A.)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the Issuing Lender (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Authorized Officer of the Borrower. The Letter of Credit Application must be received by the applicable L/C Issuer Issuing Lender and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer the Issuing Lender may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuing Lender: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), (B) the amount and currency thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof, (E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such L/C Issuer the Issuing Lender may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Lender (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer the Issuing Lender may require.
Appears in 2 contracts
Samples: Credit Agreement (Polaris Industries Inc/Mn), Revolving Credit Agreement (Polaris Industries Inc/Mn)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to Lender, unless Lender is the Administrative AgentL/C Issuer) in the form of a Letter of Credit L/C Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Such L/C Application must be received by the applicable L/C Issuer and the Administrative Agent Lender not later than 11:00 a.m. at least two three Business Days (or such later date and time as such Lender and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit L/C Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit L/C Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.;
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the any Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the such Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two 2 Business Days (or such later date and time as such the Agent L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer or Agent may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower Borrowers delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the BorrowerBorrowers. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the Administrative Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; (G) the purpose and nature of the requested Letter of Credit; and (GH) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, ; (2) the proposed date of amendment thereof (which shall be a Business Day), ; (3) the nature of the proposed amendment amendment; and (4) such other matters as such the L/C Issuer may require. Additionally, the Borrowers shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require.
Appears in 1 contract
Samples: Management Services Agreement (Prospect Medical Holdings Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower Company delivered to a an L/C Issuer (and with a copy to the Administrative AgentAgent of all requests for new Letters of Credit or amendments to existing Letters of Credit to change the tenor or amount of such Letter of Credit) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the BorrowerCompany. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent Agent, as applicable (x) not later than 11:00 a.m. 1:00 p.m. at least two (2) Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be, of any Letter of Credit denominated in Dollars and (y) not later than 1:00 p.m. at least five (5) Business Days prior to the proposed issuance date or date of amendment, as the case may be, of any Letter of Credit denominated in an Alternative Currency; or, in each case, such later date and time as such L/C Issuer and Administrative Agent, as applicable, may agree in a particular instance in their sole discretion, prior to the proposed issuance date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable such L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount and currency thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; (G) the purpose and nature of the requested Letter of Credit; and (GH) such other matters as such L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable such L/C Issuer (1) the Letter of Credit to be amended, ; (2) the proposed date of amendment thereof (which shall be a Business Day), ; (3) the nature of the proposed amendment amendment; and (4) such other matters as such L/C Issuer may reasonably require. Additionally, the Company shall furnish to the applicable L/C Issuer such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as such L/C Issuer may reasonably require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. 12:00 p.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit L/C Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Such L/C Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit L/C Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit L/C Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) A the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require. Additionally, Borrower shall furnish to the L/C Issuer and Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or Agent may require.
Appears in 1 contract
Samples: Credit Agreement (Northwest Pipe Co)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit ApplicationRequest, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Application Request must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application Request shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), (B) the amount thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof, (E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application Request shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such the L/C Issuer may require.
Appears in 1 contract
Samples: Lease (PNM Resources Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two three Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
Appears in 1 contract
Samples: Credit Agreement (Ndchealth Corp)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Issuing Bank and the Administrative Agent not later than 11:00 a.m. a.m., central time at least two Business Days (or such later date and time as such L/C Issuer the Issuing Bank may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuing Bank: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer the Issuing Bank may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Bank (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such L/C Issuer the Issuing Bank may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (ia) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower an Authorized Officer of Original BorTower delivered to a L/C Issuer (with a copy to the Administrative Agent) Lender in the form of a Letter of Credit Applicationapplication, appropriately completed and signed by a Responsible an Authorized Officer of the Borrower. The Such Letter of Credit Application application must be received by the applicable L/C Issuer and the Administrative Agent Lender not later than 11:00 II :00 a.m. at least two (2) Business Days (or such later date and time as such L/C Issuer Lender may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application application shall specify in form and detail satisfactory to the applicable L/C IssuerLender: (Ai) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (Bii) the amount thereof, ; (Ciii) the proposed expiry date thereofthereof (subject to the limitations set forth in 2.3 B 1, above); (Div) the name and address of the beneficiary thereof, ; (Ev) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (Fvi) the full text of any certificate ce1iificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (Gvii) such other matters as such L/C Issuer Lender may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application application shall specify in form and detail satisfactory to the applicable L/C Issuer Lender (1i) the Letter of Credit to be amended, ; (2ii) the proposed date of amendment thereof (which shall be a Business Day), ; (3iii) the nature of the proposed amendment amendment; and (4iv) such other matters as such L/C Issuer Lender may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a an L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the 30 Borrower. The Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), (B) the amount thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof, (E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the applicable Borrower delivered to a the applicable L/C Issuer (with a copy to the applicable Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the such Borrower. The Letter of Credit Such L/C Application must be received by the applicable L/C Issuer and the applicable Administrative Agent not later than 11:00 8:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.proposed
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Procedures for Issuance and Amendment of Letters of Credit. (ia) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the a Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer responsible officer of the such Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. a.m, Kansas City, Missouri time. at least two Business Days (or such later date and time as such the Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require. Additionally, the requesting Borrower shall furnish to the L/C Issuer and the Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Agent may require.
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Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower for the account of the Borrower or a Loan Party, as the case may be, delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the BorrowerBorrower making such request. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. noon at least two one Business Days Day (or such later date and time as such the Administrative Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.thereunder; and
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Samples: Possession Credit Agreement
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 10:00 a.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
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Samples: Credit Agreement (Coast Casinos Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. a.m., New York time, at least two (2) Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such L/C Issuer may require.
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Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, subject to the terms and conditions hereof, upon the request of the Revolving Credit Borrower (or, in the case of an amendment of any Existing Letter of Credit, GII) delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the BorrowerRevolving Credit Borrower (or, as applicable, GII), provided that the foregoing shall not apply to the issuance of any Existing Letter of Credit. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the Administrative Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, thereof and the type of Letter of Credit requested; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may reasonably require, and such details so specified in such Letter of Credit Application must comply with any applicable requirements under Section 2.03(a). In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, ; (2) the proposed date of amendment thereof (which shall be a Business Day), ; (3) the nature of the proposed amendment amendment; and (4) such other matters as such the L/C Issuer may reasonably require, and such details so specified in such Letter of Credit Application must comply with any applicable requirements under Section 2.03(a). Additionally, the Revolving Credit Borrower (or, with respect to any Existing Letter of Credit, GII) shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may reasonably require.
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Samples: Credit Agreement (Genpact LTD)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a an Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
Appears in 1 contract
Samples: Credit Agreement (Team Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each i)Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
Appears in 1 contract
Samples: Credit Agreement (United States Lime & Minerals Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower requesting the issuance or amendment thereof delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the such Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent (A) not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be, of any Letter of Credit denominated in Dollars, and (B) not later than 11:00 a.m. at least five Business Days prior to the proposed issuance date or date of amendment, as the case may be, of any Letter of Credit denominated in an Alternative Currency; or in each case such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion. In the case of a request for an initial issuance of a 30 Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount and currency thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require. Additionally, such Borrower shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require.
Appears in 1 contract
Samples: Credit Agreement (Egl Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
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Procedures for Issuance and Amendment of Letters of Credit. (ia) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the Issuing Lender (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Issuing Lender and the Administrative Agent not later than 11:00 a.m. a.m., at least two (2) Business Days (or such later date and time as such L/C Issuer the Issuing Lender may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuing Lender: (Ai) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (Bii) the amount thereof, ; (Ciii) the expiry date thereof, ; (Div) the name and address of the beneficiary thereof, ; (Ev) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (Fvi) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (Gvii) such other matters as such L/C Issuer the Issuing Lender may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Lender (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such L/C Issuer the Issuing Lender may require.
Appears in 1 contract
Samples: Construction Loan and Security Agreement (Campus Crest Communities, Inc.)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the Administrative Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount and currency thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; (G) the purpose and nature of the requested Letter of Credit; and (GH) such other matters as such the L/C Issuer may require[*] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. In An unredacted version of this exhibit has been filed separately with the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may requireCommission.
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Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the Issuing Lender (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Issuing Lender and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer the Issuing Lender may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuing Lender: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer the Issuing Lender may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Lender (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such L/C Issuer the Issuing Lender may require.
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Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two ten Business Days (or such later date and time as such the Administrative Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may reasonably require.
Appears in 1 contract
Samples: Credit Agreement (Gevity Hr Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Such L/C Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. a.m., New York time, at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; (G) the purpose and nature of the requested Letter of Credit; (H) if the Borrower desires any modification in respect of Rule 3.14 of the ISP, a description of such modification; and (GI) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment (including any modification in respect of Rule 3.14 of the ISP, if so requested by the Borrower); and (4D) such other matters as such the L/C Issuer may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Such L/C Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 8:00 a.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible an Authorized Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may reasonably require.
Appears in 1 contract
Samples: Credit Agreement (Universal American Financial Corp)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuer the following: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.following:
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application may be sent by fax transmission, by United States mail, by overnight courier, by electronic transmission using the system provided by the L/C Issuer, by personal delivery or by any other means acceptable to the L/C Issuer. Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two (2) Business Days (or such later date and time as such the Administrative Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and thereunder; (G) such other matters as such L/C Issuer may require. In the case purpose and nature of a request for an amendment of any outstanding the requested Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.; and
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the applicable Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer Official of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Issuing Bank and the Administrative Agent not later than 11:00 a.m. 1:00 p.m., New York time, at least two 3 Business Days (or such later date and time as such L/C Issuer the applicable Issuing Bank may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuersuch Issuing Bank: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer Issuing Bank may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer Issuing Bank (1w) the Letter of Credit to be amended, ; (2x) the proposed date of amendment thereof (which shall be a Business Day), ; (3y) the nature of the proposed amendment amendment; and (4z) such other matters as such L/C Issuer Issuing Bank may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i1) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a L/C Issuer the Issuing Bank (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible an Authorized Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Issuing Bank and the Administrative Agent not later than 11:00 a.m. (Pacific time) at least two Business Days (or such later date and time as such L/C Issuer the Issuing Bank may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C IssuerIssuing Bank: (Ai) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (Bii) the amount thereof, ; (Ciii) the expiry date thereof, ; (Div) the name and address of the beneficiary thereof, ; (Ev) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (Fvi) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (Gvii) such other matters as such L/C Issuer the Issuing Bank may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer Issuing Bank (1i) the Letter of Credit to be amended, ; (2ii) the proposed date of amendment thereof (which shall be a Business Day), ; (3iii) the nature of the proposed amendment amendment; and (4iv) such other matters as such L/C Issuer the Issuing Bank may reasonably require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the Administrative Agent and the L/C Issuer may agree in a particular instance in its their sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; (G) evidence that such requested Letter of Credit has been Cash Collateralized as required pursuant to Section 2.03(g); and (GH) such other matters as such the L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.;
Appears in 1 contract
Samples: Credit Agreement (Global Signal Inc)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (ia) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower Borrowers delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the BorrowerBorrowers. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. 9:30 a.m., Pacific Coast time, at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower Company delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Authorized Corporate Officer of the BorrowerCompany. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. a.m., Chicago time, at least two Business Days (or such later date and time as such the L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1A) the Letter of Credit to be amended, ; (2B) the proposed date of amendment thereof (which shall be a Business Day), ; (3C) the nature of the proposed amendment amendment; and (4D) such other matters as such the L/C Issuer may reasonably require.
Appears in 1 contract
Samples: Credit Agreement (Andrew Corp)
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the applicable L/C Issuer (with a copy to the 38 Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicable. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), (B) the amount thereof, (C) the expiry date thereof, (D) the name and address of the beneficiary thereof, (E) the documents to be presented by such beneficiary in case of any drawing thereunder, (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, (2) the proposed date of amendment thereof (which shall be a Business Day), (3) the nature of the proposed amendment and (4) such other matters as such L/C Issuer may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the applicable Borrower (or Holdings on behalf of such Borrower) delivered to a the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the such Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer and the Administrative Agent (x) not later than 11:00 a.m. at least two Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be, of any Letter of Credit denominated in Dollars, and (y) not later than 11:00 a.m. at least two Business Days prior to the proposed issuance date or date of amendment, as the case may be, of any Letter of Credit denominated in a Foreign Currency; or in each case such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion. In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount and currency thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such the L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, ; (2) the proposed date of amendment thereof (which shall be a Business Day), ; (3) the nature of the proposed amendment amendment; and (4) such other matters as such the L/C Issuer may require. Additionally, the applicable Borrower shall furnish to the L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require.
Appears in 1 contract
Procedures for Issuance and Amendment of Letters of Credit. (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to a the applicable L/C Issuer (with a copy to and the Administrative Agent) Agent in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. The Such Letter of Credit Application must be received by the applicable L/C Issuer Administrative Agent and the Administrative Agent Lenders not later than 11:00 a.m. at least two Business Days (or such later date and time as such the applicable L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as applicablethe case may be. In the case of a request for an the initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day), ; (B) the amount thereof, ; (C) the expiry date thereof, ; (D) the name and address of the beneficiary thereof, ; (E) the documents to be presented by such beneficiary in case of any drawing thereunder, ; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder thereunder; and (G) such other matters as such L/C Issuer may require. In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the applicable L/C Issuer (1) the Letter of Credit to be amended, ; (2) the proposed date of amendment thereof (which shall be a Business Day), ; (3) the nature of the proposed amendment amendment; and (4) such other matters as such L/C Issuer may require.
Appears in 1 contract
Samples: Credit Agreement (Proquest Co)
