Common use of Request and Issuance Clause in Contracts

Request and Issuance. The Operating Borrower may request the Issuing Lender to issue a Letter of Credit or a Guarantee Letter (each, a “Contingent Payment Letter”) under the Operating Facility in Canadian Dollars or US Dollars by delivering to the Administration Agent and the Issuing Lender a written request and such other application materials (collectively, an “Application”) as are required by the Issuing Lender, completed to the satisfaction of the Issuing Lender. Each such Application shall be irrevocable upon delivery to the Issuing Lender. Upon receipt of any Application, the Issuing Lender shall issue the Contingent Payment Letter on the date specified in the Application (but in no event shall the Issuing Lender be required to issue any Contingent Payment Letter earlier than two Business Days after its receipt of the Application) by issuing the original of such Contingent Payment Letter to the Beneficiary thereof or as otherwise may be agreed by the Issuing Lender and the Operating Borrower. The Issuing Lender shall furnish a copy of such Contingent Payment Letter to the Operating Borrower promptly following the issuance thereof. The Issuing Lender shall not be obliged to issue any Contingent Payment Letter with a maturity exceeding one year, or which is for any other reason not acceptable to the Issuing Lender.

Request and Issuance. The An Operating Borrower (the “Requesting Operating Borrower”) may request the Issuing Lender to issue a Letter of Credit or a Guarantee Letter (each, a “Contingent Payment Letter”) under the Operating Facility in Canadian Dollars or US Dollars by delivering to the Administration Agent and the Issuing Lender a written request and such other application materials (collectively, an “Application”) as are required by the Issuing Lender, completed to the satisfaction of the Issuing Lender. Each such Application shall be irrevocable upon delivery to the Issuing Lender. Upon receipt of any Application, the Issuing Lender shall issue the Contingent Payment Letter on the date specified in the Application (but in no event shall the Issuing Lender be required to issue any Contingent Payment Letter earlier than two Business Days after its receipt of the Application) by issuing the original of such Contingent Payment Letter to the Beneficiary thereof or as otherwise may be agreed by the Issuing Lender and the Requesting Operating Borrower. The Issuing Lender shall furnish a copy of such Contingent Payment Letter to the Requesting Operating Borrower promptly following the issuance thereof. The Issuing Lender shall not be obliged to issue any Contingent Payment Letter with a maturity exceeding one year, or which is for any other reason not acceptable to the Issuing Lender.

Request and Issuance. The Operating Borrower may request the Issuing Lender to issue a Letter of Credit or a Guarantee Letter (each, a “"Contingent Payment Letter”") under the Operating Facility in Canadian Dollars or US Dollars by delivering to the Administration Agent and the Issuing Lender a written request and such other application materials (collectively, an “"Application”") as are required by the Issuing Lender, completed to the satisfaction of the Issuing Lender. Each such Application shall be irrevocable upon delivery to the Issuing Lender. Upon receipt of any Application, the Issuing Lender shall issue the Contingent Payment Letter on the date specified in the Application (but in no event shall the Issuing Lender be required to issue any Contingent Payment Letter earlier than two Business Days after its receipt of the Application) by issuing the original of such Contingent Payment Letter to the Beneficiary thereof or as otherwise may be agreed by the Issuing Lender and the Operating Borrower. The Issuing Lender shall furnish a copy of such Contingent Payment Letter to the Operating Borrower promptly following the issuance thereof. The Issuing Lender shall not be obliged to issue any Contingent Payment Letter with a maturity exceeding one year, or which is for any other reason not acceptable to the Issuing Lender.