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

Reporting of Letter of Credit Information. At any time that there is more than one Issuing Bank, then on (i) the last Business Day of each calendar month, and (ii) each date that an LC Credit Extension occurs with respect to any Letter of Credit, each Issuing Bank (or, in the case of part (ii), 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 with respect to each Letter of Credit issued by such Issuing Bank that is outstanding hereunder.