Request for Issuance of Letter of Credit Sample Clauses

Request for Issuance of Letter of Credit. The Borrower Representative shall give Agent at least three (3) Business Daysprior written notice requesting the issuance of any Letter of Credit. The notice shall be accompanied by the form of the Letter of Credit (which shall be acceptable to the Agent and the L/C Issuer) and a completed application for standby letter of credit, master standby agreement, application for agreement for documentary letter of credit or master documentary agreement (as applicable), in each case, in form and substance satisfactory to Agent.
AutoNDA by SimpleDocs
Request for Issuance of Letter of Credit. With respect to any Letter of Credit, the Issuing Lender shall have received a Letter of Credit Request, completed to its satisfaction, and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request.
Request for Issuance of Letter of Credit. The Administrative Agent and the Issuer shall have received a duly executed Letter of Credit Request.
Request for Issuance of Letter of Credit. Any certificate signed by an Authorized Signatory of the Borrower requesting that the Issuing Bank issue a Letter of Credit hereunder, which certificate shall be in substantially the form of Exhibit E attached hereto, and shall, among other things, (a) specify the stated amount of the Letter of Credit, (b) specify the effective date for the issuance of the Letter of Credit (which shall be a Business Day), (c) specify the date on which the Letter of Credit is to expire (which shall be a Business Day), (d) specify the Person for whose benefit such Letter of Credit is to be issued, (e) specify other relevant terms of such Letter of Credit, (f) be accompanied by a completed letter of credit application substantially similar to Exhibit F attached hereto or otherwise in form and substance satisfactory to the Issuing Bank, and (g) state that there shall not exist, on the date of issuance of the requested Letter of Credit and after giving effect thereto, a Default or an Event of Default.
Request for Issuance of Letter of Credit. With respect to any Letter of Credit, the Issuing Lender shall have received a Letter of Credit Request, completed to its satisfaction, and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request. Each Borrowing of Loans by and Letter of Credit issued on behalf of any of the Borrowers hereunder after the Closing Date shall be deemed to constitute a representation and warranty by the Parent Borrower as of the date of such Borrowing or such issuance that the conditions contained in this subsection 6.2 have been satisfied (except that no opinion need be expressed as to the Administrative Agent’s or the Required Lenders’ satisfaction with any document, instrument or other matter).
Request for Issuance of Letter of Credit. (a) Whenever the Borrower wishes that a Letter of Credit be issued, the Borrower shall give the applicable Letter of Credit Issuer written notice (a “Letter of Credit Request”), copied to the Facility Agent, substantially in the form of Exhibit 3 prior to 11:00 a.m., New York time, at least three (3) Banking Days prior to the proposed date of issuance (which shall be a Banking Day), which Letter of Credit Request shall include any documents that the Letter of Credit Issuer may reasonably require in connection therewith. The Letter of Credit Request shall be irrevocable. The Letter of Credit Issuer shall promptly notify each Lender of each Letter of Credit Request.
Request for Issuance of Letter of Credit. The Agent and the Issuing Bank shall have received a Request for Issuance of Letter of Credit which shall constitute a certification by the Borrower that (i) the conditions set forth in this SECTION 5.3 are or will be satisfied on and as
AutoNDA by SimpleDocs
Request for Issuance of Letter of Credit. (a) Whenever the Borrowers wish that a Letter of Credit be issued, the Borrowers shall give the applicable Letter of Credit Issuer written notice (a "Letter of Credit Request"), substantially in the form of Exhibit I prior to 10:00 a.m., New Orleans time, at least three (3) Banking Days prior to the proposed date of issuance (which shall be a Banking Day), which Letter of Credit Request shall include any documents that the Letter of Credit Issuer may reasonably require in connection therewith. The Letter of Credit Request shall be irrevocable. The Letter of Credit Issuer shall promptly notify each Lender of each Letter of Credit Request.
Request for Issuance of Letter of Credit. The Company hereby applies to the Issuing Lender and requests the Issuing Lender to issue, execute and deliver for its account on the Closing Date, the Letter of Credit in an amount of up to the Letter of Credit Commitment. Subject to the terms and conditions of this Agreement, the Issuing Lender hereby agrees to issue the Letter of Credit.
Request for Issuance of Letter of Credit. (a) Whenever the Borrower wishes that a Letter of Credit be issued (or any outstanding Letter of Credit be amended, renewed or extended), the Borrower shall give the applicable Letter of Credit Issuer written notice (a “Letter of Credit Request”), copied to the Administrative Agent, substantially in the form of Exhibit 3 prior to 11:00 a.m. (New York time) at least three (3) Banking Days prior to the proposed date of issuance, amendment, renewal or extension, as applicable (which shall be a Banking Day), which Letter of Credit Request shall include the expiration date of such Letter of Credit, the amount of such Letter of Credit, the name and address of the beneficiary thereof, such other information as shall be required pursuant to the Letter of Credit Request attached as Exhibit 3 hereto, and any documents that the Letter of Credit Issuer may reasonably require in connection therewith. In addition to the satisfaction of the conditions in Section 4, the issuance of such Letter of Credit (or any amendment which increases the amount of such Letter of Credit) will be subject to the further conditions that such Letter of Credit shall be in such form and contain such terms as the Letter of Credit Issuer shall approve and that the Borrower shall have executed and delivered any additional applications, agreements and instruments relating to such Letter of Credit as the Letter of Credit Issuer shall reasonably require; provided that in the event of any conflict between such applications, agreements or instruments and this Agreement, the terms of this Agreement shall control. The Letter of Credit Request shall be irrevocable. The Letter of Credit Issuer shall promptly notify each Lender of each Letter of Credit Request.
Time is Money Join Law Insider Premium to draft better contracts faster.