Common use of Request for Incurrence of Letter of Credit Obligations Clause in Contracts

Request for Incurrence of Letter of Credit Obligations. Borrower Representative shall give Agent at least two (2) Business Days prior written notice requesting the incurrence of any Letter of Credit Obligation, specifying the date such Letter of Credit Obligation is to be incurred, identifying the beneficiary and the Borrower to which such Letter of Credit Obligation relates and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter of Credit (which shall be acceptable to the L/C Issuer) to be guarantied, and to the extent not previously delivered to Agent, copies of all agreements between Borrower and the L/C Issuer pertaining to the issuance of Letters of Credit, and a completed Application for Standby Letter of Credit or Application for Documentary Letter of Credit, as applicable, in the form of Exhibit B-1 or B-2 attached hereto. Notwithstanding anything contained herein to the contrary, Letter of Credit applications by Borrower Representative and approvals by Agent and the L/C Issuer may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon and established by and among Borrower Representative, Agent and the L/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Astec Industries Inc)

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Request for Incurrence of Letter of Credit Obligations. Borrower Representative ------------------------------------------------------ shall give Agent Lender at least two (2) three Business Days Days' prior written notice requesting the incurrence of any Letter of Credit Obligation, specifying the date such Letter of Credit Obligation is to be incurred, identifying the beneficiary and the Borrower to which such Letter of Credit Obligation relates and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter of Credit (which shall be acceptable to the L/C Issuer) to be guarantiedguaranteed and, and to the extent not previously delivered to AgentLender, copies of all agreements between Borrower and the L/C Issuer pertaining to the issuance of Letters of Credit, and a completed Application for Standby Letter of Credit or Application for Documentary Letter of Credit, as applicable, in the form of Exhibit B-1 or B-2 attached hereto. Notwithstanding anything contained herein to the contrary, Letter of Credit applications by Borrower Representative and approvals by Agent Lender and the L/C Issuer may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon and established by and among Borrower RepresentativeBorrower, Agent Lender and the L/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Peets Coffee & Tea Inc)

Request for Incurrence of Letter of Credit Obligations. Borrower Representative shall give the Revolver Agent and the L/C Issuer at least two three (23) Business Days prior written notice requesting the incurrence of any Letter of Credit Obligation, specifying the date such Letter of Credit Obligation is to be incurred, identifying the beneficiary and the Borrower to which such Letter of Credit Obligation relates and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter of Credit (which shall be acceptable to the L/C Issuer) to be guarantiedguarantied and, and to the extent not previously delivered to AgentLender, copies of all agreements between any Borrower and the L/C Issuer issuer pertaining to the issuance of Letters of Credit, and a completed Application for Standby Letter of Credit or Application for Documentary Letter of Credit, as applicable, in the form of Exhibit B-1 or B-2 attached hereto. Notwithstanding anything contained herein to the contrary, Letter of Credit applications by Borrower Representative and approvals by Agent Lender and the L/C Issuer may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon and established by and among Borrower Representative, the Revolver Agent and the L/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Video Services Corp)

Request for Incurrence of Letter of Credit Obligations. Borrower Representative shall give Agent Lender at least two (2) Business Days prior written notice requesting the incurrence of any Letter of Credit Obligation, specifying the date such Letter of Credit Obligation is to be incurred, identifying the beneficiary and the Borrower to which such Letter of Credit Obligation relates and relates, describing the nature of the transactions proposed to be supported therebythereby and indicating whether such Letter of Credit Obligation is in respect of an Affiliate Letter of Credit. The notice shall be accompanied by the form of the Letter of Credit (which shall be acceptable to the L/C Issuer) to be guarantiedguaranteed and, and to the extent not previously delivered to AgentLender, copies of all agreements between Borrower and the L/C Issuer pertaining to the issuance of Letters of Credit, and a completed Application for Standby Letter of Credit or Application for Documentary Letter of Credit, as applicable, in the form of Exhibit B-1 or B-2 attached hereto. Notwithstanding anything contained herein to the contrary, Letter of Credit applications by Borrower Representative and approvals by Agent Lender and the L/C Issuer may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon and established by and among Borrower RepresentativeBorrower, Agent Lender and the L/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Solo Cup CO)

Request for Incurrence of Letter of Credit Obligations. Borrower ------------------------------------------------------ Representative shall give Administrative Agent at least two (2) Business Days prior written notice requesting the incurrence of any Letter of Credit Obligation, specifying the date such Letter of Credit Obligation is to be incurred, identifying the beneficiary and the Borrower to which such Letter of Credit Obligation relates and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter of Credit (which shall be acceptable to the L/C Issuer) to be guarantied, and to the extent not previously delivered to Agent, copies of all agreements between Borrower and the L/C Issuer pertaining to the issuance of Letters of Credit, and a completed Application for Standby Letter of Credit or Application for Documentary Letter of Credit, as applicable, in the form of Exhibit B-1 or B-2 attached hereto. Notwithstanding anything contained herein to the contrary, Letter of Credit applications by Borrower Representative and approvals by Administrative Agent and the L/C Issuer may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon and established by and among Borrower Representative, Administrative Agent and the L/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Bon Ton Stores Inc)

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Request for Incurrence of Letter of Credit Obligations. Borrower Representative Debtor shall give Agent Creditor at least two five (25) Business Days prior written notice requesting the incurrence of any Letter of Credit Obligation, specifying the date such Letter of Credit Obligation is to be incurred, identifying the account party, which shall be Debtor or any Subsidiary thereof (other than the Receivables Subsidiary), identifying the beneficiary and the Borrower to which such Letter of Credit Obligation relates and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter of Credit (which shall be acceptable to the L/C Issuer) to be guarantiedguarantied and, and to the extent not previously delivered to AgentCreditor, copies of all agreements between Borrower Debtor and the L/C Issuer pertaining to the issuance of Letters of Credit, and a completed Application for Standby Letter of Credit or Application for Documentary Letter of Credit, as applicable, in the form of Exhibit B-1 or B-2 attached hereto. Notwithstanding anything contained herein to the contrary, Letter of Credit applications by Borrower Representative Debtor and approvals by Agent Creditor and the L/C Issuer may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon and established by and among Borrower RepresentativeDebtor, Agent Creditor and the L/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Labor Ready Inc)

Request for Incurrence of Letter of Credit Obligations. Borrower Representative shall give Agent and the L/C Issuer at least two (2) Business Days prior written notice requesting the incurrence of any Letter of Credit Obligation, specifying the date such Letter of Credit Obligation is to be incurred, identifying the beneficiary and the Borrower to which such Letter of Credit Obligation relates and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter of Credit (which shall be acceptable to the L/C Issuer) to be guarantiedguarantied and, and to the extent not previously delivered to Agent, copies of all agreements between any Borrower and the L/C Issuer pertaining to the issuance of Letters of Credit, and a completed Application for Standby Letter of Credit or Application for Documentary Letter of Credit, as applicable, in the form of Exhibit B-1 or B-2 attached hereto. Notwithstanding anything contained herein to the contrary, Letter of Credit applications by Borrower Representative and approvals by Agent and the L/C Issuer may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon and established by and among Borrower Representative, Agent and the L/C Issuer.

Appears in 1 contract

Samples: Credit Agreement (Recycling Industries Inc)

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