Procedures for Issuance and Amendment of Letters of Credit. (a) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of a Borrower by delivering a duly completed Request to the Issuing Bank (with a copy to the Facility Agent).
Appears in 3 contracts
Samples: Credit Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International)
Procedures for Issuance and Amendment of Letters of Credit. (ai) Each Letter of Credit shall be issued or amended, as the case may be, upon the written request of a the Borrower by delivering a duly completed Request delivered to the Issuing Bank applicable L/C Arranger (with a copy to the Facility Administrative Agent).) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower; provided, however, that no Letter of Credit shall be issued prior to two
Appears in 1 contract
Samples: Possession Credit Agreement
Procedures for Issuance and Amendment of Letters of Credit. (ai) Each Letter of Credit shall be issued or amended, as the case may be, upon pursuant to a Letter of Credit Application and other appropriate documentation required by the request applicable L/C Issuer (a copy of a Borrower by delivering a duly completed Request which shall be delivered to the Issuing Bank (Administrative Agent) and in accordance with a copy arrangements between the applicable L/C Issuer and the Borrower to provide such L/C Issuer electronically with the Facility Agent)information necessary to issue or amend Letters of Credit.
Appears in 1 contract
Samples: Credit Agreement (Pegasus Satellite Communications Inc)