Request for LC Activity Clause Samples
Request for LC Activity. The Borrower may request the issuance, extension or amendment (including any increase or decrease in the Stated Amount thereof) of any Letter of Credit (provided that, for the avoidance of doubt, no Request for LC Activity shall be required with respect to any automatic extension of a Letter of Credit as contemplated in Section 2.1(f)(iii)) by delivering to the applicable Issuing Bank (with a copy to the Administrative Agent) a written notice in the form of Exhibit D, appropriately completed and with all required attachments (a “Request for LC Activity”), which, among other things: (i) specifies the requested Stated Amount of the Letter of Credit (or, in the case of an extension or amendment, the Stated Amount of the Letter of Credit after giving effect to the requested extension or amendment, as applicable), which shall be in accordance with Section 2.1(c); (ii) specifies the requested date of issuance, extension or amendment, as applicable, of such Letter of Credit; (iii) specifies the requested expiration date of the Letter of Credit (or, in the case of an extension or amendment, the expiration date of the Letter of Credit after giving effect to the requested extension or amendment, as applicable), which shall in no event be later than the first anniversary of the date of issuance or extension of such Letter of Credit (unless such letter of Credit is an Auto- Extension Letter of Credit); (iv) attaches (x) an LC Application, completed to the reasonable satisfaction of the applicable Issuing Bank and (y) evidence (reasonably satisfactory to the applicable Issuing Bank, but which nevertheless may be limited to such information the Borrower may reasonably provide in order to protect proprietary information and trade secrets or comply with any confidentiality or similar obligations) of the commercial obligation in respect of which the Letter of Credit is requested to be (or, as applicable, has been) issued; (v) specifies the name and address of the beneficiary of such Letter of Credit; (vi) specifies the Borrower (or, if applicable, Subsidiary of the Borrower) for whose account such Letter of Credit is requested to be issued; (vii) in the case of an amendment that reduces the Stated Amount of a Letter of Credit, attaches the original Letter of Credit to be so modified; and
Request for LC Activity. Borrower shall have delivered a duly executed Request for LC Activity (with all required attachments, including an LC Application (if applicable)) to the applicable Issuing Bank at least five (5) Business Days prior to the date of the requested issuance or amendment of any applicable Letter of Credit, and the Stated Amount of such Letter of Credit shall comply with Section 2.1(c), and such Request for LC Activity shall not have been timely rejected by the Administrative Agent as permitted pursuant to Section 2.1(d).
Request for LC Activity. Pursuant to Section 2.17 of the Credit Agreement, the Borrower hereby requests the [issuance][increase in the stated amount][extension][reinstatement] of the DSR Letter of Credit in accordance with the applicable terms and conditions of the Credit Agreement on [ ] (the “Credit Event Date”).
(a) Date of [issuance][increase][extension][reinstatement]: (which is a Business Day)
(b) Date of expiration of DSR Letter of Credit1:
Request for LC Activity. Pursuant to Sections [2.2.3 and] 2.2.4 of the Credit Agreement, Borrower hereby requests [the issuance of a Letter of Credit] [the [amendment][renewal]18[extension][increase] of an existing Letter of Credit] in accordance with the applicable terms and conditions of the Credit Agreement on [_________] (the “Credit Event Date”).
Request for LC Activity. Pursuant to Section 2.16 of the Credit Agreement, the Borrower hereby requests the issuance of the Project Letter of Credit in accordance with the applicable terms and conditions of the Credit Agreement on [___________] (the “Credit Event Date”).
(a) Date of issuance: (which is a Business Day)
(b) Date of expiration of Letter of Credit1:
(c) Amount of Project Letter of Credit: