Common use of Reporting of Letter of Credit Information Clause in Contracts

Reporting of Letter of Credit Information. If at any time any Lender other than the Person serving as the Administrative Agent is the L/C Issuer, 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 an L/C Credit Extension occurs with respect to any Letter of Credit, and (iv) upon the request of the Administrative Agent, the L/C Issuer 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 the L/C Issuer) with respect to each Letter of Credit issued by the L/C Issuer that is outstanding hereunder. No failure on the part of the L/C Issuer to provide such information pursuant to this Section 2.03(j) shall limit the obligation of any Borrower or any applicable Lender hereunder with respect to its reimbursement and participation obligations, respectively, pursuant to this Section 2.03.

Appears in 2 contracts

Samples: Credit Agreement (Construction Partners, Inc.), Credit Agreement (Construction Partners, Inc.)

AutoNDA by SimpleDocs

Reporting of Letter of Credit Information. If at any time any Lender other than the Person serving as the Administrative Agent is the L/C Issuer, 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 an L/C Credit Extension occurs with respect to any Letter of Credit, and (iv) upon the request of the Administrative Agent, the L/C Issuer 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 the L/C Issuer) with respect to each Letter of Credit issued by the L/C Issuer that is outstanding hereunder. No failure on the part of the any L/C Issuer to provide such information pursuant to this Section 2.03(j2.03(k) shall limit the obligation of any the Borrower or any applicable Lender hereunder with respect to its reimbursement and participation obligations, respectively, pursuant to this Section 2.03.

Appears in 2 contracts

Samples: Loan Agreement (Akumin Inc.), Credit Agreement (Akumin Inc.)

AutoNDA by SimpleDocs

Reporting of Letter of Credit Information. If at At any time any Lender other than that the Person serving Issuing Bank is not also the financial institution acting as the Administrative Agent is the L/C IssuerAgent, 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 an L/C Credit Extension occurs with respect to any a Letter of CreditCredit is issued or the expiry date of a Letter of Credit is extended, and (iv) upon the request of the Administrative Agent, the L/C Issuer 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 the L/C IssuerIssuing Bank) with respect to each Letter of Credit issued by the L/C Issuer Issuing Bank that is outstanding hereunder. No failure on the part of the L/C Issuer Issuing Bank to provide such information pursuant to this Section 2.03(j2.4(m) shall limit the obligation obligations of any the Borrower or any applicable Revolving Lender hereunder with respect to its reimbursement and participation obligations, respectively, pursuant to this Section 2.03obligations hereunder.

Appears in 1 contract

Samples: Credit Agreement (NETSTREIT Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!