Common use of Reporting of Letter of Credit Information and L/C Commitment Clause in Contracts

Reporting of Letter of Credit Information and L/C Commitment. At any time that there is an Issuing Bank that is not also the financial institution acting as Administrative Agent, then (i) on the last Business Day of each calendar month, (ii) on each date that a Letter of Credit is amended, terminated or otherwise expires, (iii) on each date that a Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (iv) upon the request of the Administrative Agent, each Issuing Bank (or, in the case of clauses (ii), (iii) or (iv) of this Section, the applicable Issuing Bank) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, any reimbursement, Cash Collateral, or termination in respect of Letters of Credit issued by such Issuing Bank) with respect to each Letter of Credit issued by such Issuing Bank that is outstanding hereunder. In addition, each Issuing Bank shall provide notice to the Administrative Agent of its L/C Commitment, or any change thereto, promptly upon it becoming an Issuing Bank or making any change to its L/C Commitment. No failure on the part of any Issuing Bank to provide such information pursuant to this Section 2.4(m) shall limit the obligations of the Borrower or any Revolving Lender hereunder with respect to its reimbursement and participation obligations hereunder.

Appears in 7 contracts

Samples: Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.), Credit Agreement (Four Springs Capital Trust)

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Reporting of Letter of Credit Information and L/C Commitment. At any time that there is an Issuing Bank Lender that is not also the financial institution acting as Administrative Agent, then (ia) on the last Business Day of each calendar month, (iib) on each date that a Letter of Credit is amended, terminated or otherwise expires, (iiic) on each date that a Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (ivd) upon the request of the Administrative Agent, each Issuing Bank Lender (or, in the case of clauses (iib), (iiic) or (ivd) of this Section, the applicable Issuing BankLender) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, including with respect to any reimbursement, Cash Collateral, Collateral or termination in respect of Letters of Credit issued by such Issuing BankLender) with respect to each Letter of Credit issued by such Issuing Bank Lender that is outstanding hereunder. In addition, each Issuing Bank Lender shall provide notice to the Administrative Agent of its L/C Commitment, or any change thereto, promptly upon it becoming an Issuing Bank Lender or making any change to its L/C Commitment. No failure on the part of any Issuing Bank Lender to provide such information pursuant to this Section 2.4(m) 3.8 shall limit the obligations of the Borrower or any Revolving Credit Lender hereunder with respect to its reimbursement and participation obligations hereunder.

Appears in 6 contracts

Samples: Credit Agreement (SYNAPTICS Inc), Credit Agreement (SYNAPTICS Inc), First Amendment and Lender Joinder Agreement (SYNAPTICS Inc)

Reporting of Letter of Credit Information and L/C Commitment. At any time that there is an Issuing Bank Lender that is not also the financial institution acting as Administrative Agent, then (ia) on the last Business Day of each calendar month, (iib) on each date that a Letter of Credit is amended, terminated or otherwise expires, (iiic) on each date that a Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (ivd) upon the request of the Administrative Agent, each Issuing Bank Lender (or, in the case of clauses (iib), (iiic) or (ivd) of this Section, the applicable Issuing BankLender) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, any reimbursement, Cash Collateral, or termination in respect of Letters of Credit issued by such Issuing BankLender) with respect to each Letter of Credit issued by such Issuing Bank Lender that is outstanding hereunder. In addition, each Issuing Bank Lender shall provide notice to the Administrative Agent of its L/C Commitment, or any change thereto, promptly upon it becoming an Issuing Bank Lender or making any change to its L/C Commitment. No failure on the part of any Issuing Bank Lender to provide such information pursuant to this Section 2.4(m) 3.9 shall limit the obligations of the Borrower or any Revolving Lender hereunder with respect to its reimbursement and participation obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Cirrus Logic Inc), Credit Agreement (Cirrus Logic Inc)

Reporting of Letter of Credit Information and L/C Commitment. At any time that there is an Issuing Bank that is not also the financial institution acting as Administrative Agent, then (i) on the last Business Day of each calendar month, (ii) on each date that a Letter of Credit is amended, terminated or otherwise expires, (iii) on each date that a Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (iv) upon the request of the Administrative Agent, each Issuing Bank (or, in the case of clauses (ii), (iii) or (iv) of this Section, the applicable Issuing Bank) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, any reimbursement, Cash Collateral, or termination in respect of Letters of Credit issued by such Issuing Bank) with respect to each Letter of Credit issued by such Issuing Bank that is outstanding hereunder. In addition, each Issuing Bank shall provide notice to the Administrative Agent of its L/C Commitment, or any change thereto, promptly upon it becoming an Issuing Bank or making any change to its L/C Commitment. No failure on the part of any Issuing Bank to provide such information pursuant to this Section 2.4(m2.4.(m) shall limit the obligations of the Borrower or any Revolving Lender hereunder with respect to its reimbursement and participation obligations hereunder.

Appears in 2 contracts

Samples: Credit Agreement (NETSTREIT Corp.), Credit Agreement (NETSTREIT Corp.)

Reporting of Letter of Credit Information and L/C Commitment. At any time that there is an Issuing Bank Lender that is not also the financial institution acting as Administrative the Agent, then (ia) on the last Business Day of each calendar month, (iib) on each date that a Letter of Credit is amended, terminated or otherwise expires, (iiic) on each date that a Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (ivd) upon the request of the Administrative Agent, each Issuing Bank Lender (or, in the case of clauses (iib), (iiic) or (ivd) of this Section, the applicable Issuing BankLender) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, any reimbursement, Cash Collateral, or termination in respect of Letters of Credit issued by such Issuing BankLender) with respect to each Letter of Credit issued by such Issuing Bank Lender that is outstanding hereunder. In addition, each Issuing Bank Lender shall provide notice to the Administrative Agent of its L/C Commitment, or any change thereto, promptly upon it becoming an Issuing Bank Lender or making any change to its L/C Commitment. No failure on the part of any Issuing Bank Lender to provide such information pursuant to this Section 2.4(m) 3.9 shall limit the obligations of the Borrower or any Revolving Credit Lender hereunder with respect to its reimbursement and participation obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (KMG Chemicals Inc)

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Reporting of Letter of Credit Information and L/C Commitment. At any time that there is an Issuing Bank Lender that is not also the financial institution acting as Administrative Agent, then (ia) on the last Business Day of each calendar month, (iib) on each date that a Letter of Credit is amended, terminated or otherwise expires, (iiic) on each date that a Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (ivd) upon the request of the Administrative Agent, each Issuing Bank Lender (or, in the case of clauses (iib), (iiic) or (ivd) of this Section, the applicable Issuing BankLender) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, including with respect to any reimbursement, Cash Collateral, Collateral or termination in respect of Letters of Credit issued by such Issuing BankLender) with respect to each Letter of Credit issued by such Issuing Bank Lender that is outstanding hereunder. In addition, each Issuing Bank Lender shall provide notice to the Administrative Agent of its L/C Commitment, or any change thereto, promptly upon it becoming an Issuing Bank Lender or making any change to its L/C Commitment. No failure 56 on the part of any Issuing Bank Lender to provide such information pursuant to this Section 2.4(m) 3.8 shall limit the obligations of the Borrower or any Revolving Credit Lender hereunder with respect to its reimbursement and participation obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (SYNAPTICS Inc)

Reporting of Letter of Credit Information and L/C Commitment. At any time that there is an Issuing Bank that is not also the financial institution acting as Administrative Agent, then (i) on the last Business Day of each calendar month, (ii) on each date that a Letter of Credit is amended, terminated or otherwise expires, (iii) on each date that a Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (iv) upon the request of the Administrative Agent, each Issuing Bank (or, in the case of clauses (ii), (iii) or (iv) of this Section, the applicable Issuing Bank) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, any reimbursement, Cash Collateral, or termination in respect of Letters of Credit issued by such Issuing Bank) with respect to each Letter of Credit issued by such Issuing Bank that is outstanding hereunder. In addition, each Issuing Bank shall provide notice to the Administrative Agent of its L/C Commitment, or any change thereto, promptly upon it becoming an Issuing Bank or making any change to its L/C Commitment. No failure on the part of any Issuing Bank to provide such information pursuant to this Section 2.4(m2.4.(m) shall limit the obligations of the any Borrower or any Revolving Lender hereunder with respect to its reimbursement and participation obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (Park Hotels & Resorts Inc.)

Reporting of Letter of Credit Information and L/C Commitment. At any time that there is an Issuing Bank Lender that is not also the financial institution acting as Administrative the Agent, then (ia) on the last Business Day of each calendar month, (iib) on each date that a Letter of Credit is amended, terminated or otherwise expires, (iiic) on each date that a Letter of Credit is issued or the expiry date of a Letter of Credit is extended, and (ivd) upon the request of the Administrative Agent, each Issuing Bank Lender (or, in the case of clauses (iib), (iiic) or (ivd) of this Section, the applicable Issuing BankLender) shall deliver to the Administrative Agent a report setting forth in form and detail reasonably satisfactory to the Administrative Agent information (including, without limitation, any reimbursement, Cash Collateral, or termination in respect of Letters of Credit issued by such Issuing BankLender) with respect to each Letter of Credit issued by such Issuing Bank Lender that is outstanding hereunder. In addition, each Issuing Bank Lender shall provide notice to the Administrative Agent of its L/C Commitment, or any change thereto, promptly upon it becoming an Issuing Bank Lender or making any change to its L/C Commitment. No failure on the part of any Issuing Bank Lender to provide such information pursuant to this Section 2.4(m) 3.9 shall limit the obligations of the Borrower Borrowers or any Revolving Credit Lender hereunder with respect to its reimbursement and participation obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (KMG Chemicals Inc)

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