Common use of Procedures for Letters of Credit Clause in Contracts

Procedures for Letters of Credit. The Borrower shall make each request for a Letter of Credit in writing by facsimile transmission, or electronic conveyance received by the Bank by 12:00 P.M. (Pacific time) on a Banking Day that is not less than three Banking Days before the requested date of issuance (which shall also be a Banking Day). Each request for a Letter of Credit shall be deemed a representation by the Borrower that on the date of issuance of such Letter of Credit and after giving effect thereto the applicable conditions specified in Article III have been and will be satisfied. The Bank may require that such request be made on such letter of credit application and reimbursement agreement form as the Bank from time to time specifies, along with satisfactory evidence of the authority and incumbency of the officials of the Borrower making such request.

Procedures for Letters of Credit. The Borrower shall make each Each request for a Letter of Credit shall be made by the Borrower in writing writing, by facsimile transmission, fax or electronic conveyance e-mail transmission received by the Bank by 12:00 P.M. 2:00 p.m. (Pacific Minneapolis time) on a Banking Business Day that which is not less than three Banking Days before one Business Day preceding the requested date of issuance (which shall also be a Banking Business Day). Each request for a Letter of Credit shall be deemed a representation by the Borrower that on the date of issuance of such Letter of Credit and after giving effect thereto the applicable conditions specified in Article III 6 have been and will be satisfied. The Bank may require that such request be made on such letter of credit application and reimbursement agreement form as the Bank may from time to time specifiesspecify (provided that if there is any conflict between the terms of this Agreement and any such reimbursement agreement, the terms of this Agreement shall control), along with satisfactory evidence of the authority and incumbency of the officials of the Borrower making such request.

Procedures for Letters of Credit. The Borrower shall make each request for a Letter of Credit in writing by facsimile transmission, or electronic conveyance received by the Bank by 12:00 P.M. (Pacific timeTime) on a Banking Day that is not less than three Banking Days before the requested date of issuance (which shall also be a Banking Day). Each request for a Letter of Credit shall be deemed a representation by the Borrower that on the date of issuance of such Letter of Credit and after giving effect thereto the applicable conditions specified in Article III have been and will be satisfied. The Bank may require that such request be made on such letter of credit application and reimbursement agreement form as the Bank from time to time specifies, along with satisfactory evidence of the authority and incumbency of the officials of the Borrower making such request.