Common use of Requesting Letter of Credit Actions Clause in Contracts

Requesting Letter of Credit Actions. Borrower may irrevocably request a Letter of Credit Action in a Minimum Amount therefor in Dollars by delivering a Letter of Credit Application therefor to Issuing Lender, with a copy to Administrative Agent (which shall notify Lenders), by written (not telephonic) Requisite Notice not later than the Requisite Time therefor. Each Letter of Credit Action shall be in a form acceptable to Issuing Lender in its sole discretion. Unless Administrative Agent notifies Issuing Lender that such Letter of Credit Action is not permitted hereunder, or Issuing Lender notifies Administrative Agent that it has determined that such Letter of Credit Action is contrary to any Laws or policies of Issuing Lender, Issuing Lender shall, upon satisfaction of the applicable conditions set forth in Section 4.02 with respect to any Letter of Credit Action constituting an Extension of Credit, effect such Letter of Credit Action. This Agreement shall control in the event of any conflict with any Letter of Credit Application. Upon the issuance of a Letter of Credit, each Lender shall be deemed to have purchased from Issuing Lender a risk participation therein in an amount equal to such Lender's Pro Rata Share times the amount of such Letter of Credit.

Requesting Letter of Credit Actions. Borrower may irrevocably request a Letter of Credit Action in a Minimum Amount therefor in United Stated Dollars or any Offshore Currency by delivering a Letter of Credit Application therefor to Issuing Lender, with a copy to Administrative Agent (which who shall notify Lenders), by written (not telephonic) Requisite Notice not later than the Requisite Time therefor. Each Letter of Credit Action shall be in a form acceptable to Issuing Lender in its sole discretion. Unless Administrative Agent notifies Issuing Lender that such Letter of Credit Action is not permitted hereunder, or Issuing Lender notifies Administrative Agent that it has determined that such Letter of Credit Action is contrary to any Laws or policies of Issuing Lender, Issuing Lender shall, upon satisfaction of the applicable conditions set forth in Section 4.02 with respect to any Letter of Credit Action constituting an Extension of Credit, effect such Letter of Credit Action. This Agreement shall control in the event of any conflict with any Letter of Credit Application. Upon the issuance of a Letter of Credit, each Lender shall be deemed to have purchased from Issuing Lender a risk participation therein in an amount equal to such Lender's Pro Rata Share times the amount of such Letter of Credit.

Requesting Letter of Credit Actions. Borrower may irrevocably request a Letter of Credit Action in a Minimum Amount therefor in Dollars by delivering a Letter of Credit Application therefor to Issuing Lender, with a copy to Administrative Agent (which who shall notify Lenders), by written (not telephonic) Requisite Notice not later than the Requisite Time therefor. Each Letter of Credit Action shall be in a form acceptable to Issuing Lender in its sole discretion. Unless Administrative Agent notifies Issuing Lender that such Letter of Credit Action is not permitted hereunder, hereunder or Issuing Lender notifies Administrative Agent that it has determined that such Letter of Credit Action is contrary to any Laws or policies of Issuing Lender, Issuing Lender shall, upon satisfaction of the applicable conditions set forth in Section 4.02 ------------ with respect to any Letter of Credit Action constituting an Extension of Credit, effect such Letter of Credit Action. This Agreement shall control in the event of any conflict with any Letter of Credit Application. Upon the issuance of a Letter of Credit, each Lender shall be deemed to have purchased a pro rata participation in such Letter of Credit from Issuing Lender a risk participation therein in an amount equal to such that Lender's Pro Rata Share times the amount of such Letter of Creditthereof.

Requesting Letter of Credit Actions. Borrower Company may irrevocably request a Letter of Credit Action in a Minimum Amount therefor in United Stated Dollars or any Alternate Currency by delivering a Letter of Credit Application therefor to Issuing Lender, with a copy to Administrative Agent (which who shall notify Lenders), by written (not telephonic) Requisite Notice not later than the Requisite Time therefor. Each Letter of Credit Action shall be in a form acceptable to Issuing Lender in its sole discretion. Unless Administrative Agent notifies Issuing Lender that such Letter of Credit Action is not permitted hereunder, or Issuing Lender notifies Administrative Agent that it has determined that such Letter of Credit Action is contrary to any Laws or policies of Issuing Lender, Issuing Lender shall, upon satisfaction of the applicable conditions set forth in Section 4.02 with respect to any Letter of Credit Action constituting an Extension of Credit, effect such Letter of Credit Action. This Agreement shall control in the event of any conflict with any Letter of Credit Application. Upon the issuance of a Letter of Credit, each Lender shall be deemed to have purchased from Issuing Lender a risk participation therein in an amount equal to such Lender's Pro Rata Share times the amount of such Letter of Credit.

Requesting Letter of Credit Actions. Borrower may irrevocably request a Letter of Credit Action in a Minimum Amount therefor in Dollars by delivering a Letter of Credit Application therefor to Issuing LenderLetter of Credit Issuer, with a copy to Administrative Agent (which who shall notify Lenders), by written (not telephonic) Requisite Notice not later than the Requisite Time therefor. Each Letter of Credit Action shall be in a form acceptable to Issuing Lender in its sole discretion. Unless Administrative Agent notifies Issuing Lender Letter of Credit Issuer that such Letter of Credit Action is not permitted hereunder, hereunder or Issuing Lender Letter of Credit Issuer notifies Administrative Agent that it has determined that such Letter of Credit Action is contrary to any Laws or policies of Issuing LenderLetter of Credit Issuer, Issuing Lender Letter of Credit Issuer shall, upon satisfaction of the applicable conditions set forth in Section 4.02 SECTION 4, with respect to any Letter of Credit Action constituting an Extension of Credit, effect such Letter of Credit Action. This Agreement shall control in the event of any conflict with any Letter of Credit Application. Upon the issuance of a Letter of Credit, each Lender shall be deemed to have purchased a pro rata participation in such Letter of Credit from Issuing Lender a risk participation therein Letter of Credit Issuer in an amount equal to such that Lender's Pro Rata Share times the amount of such Letter of Creditthereof.

Requesting Letter of Credit Actions. Borrower may irrevocably request a Letter of Credit Action in a Minimum Amount therefor in Dollars by delivering a Letter of Credit Application therefor to Issuing LenderLetter of Credit Issuer, with a copy to Administrative Agent (which who shall notify Lenders), by written (not telephonic) Requisite Notice not later than the Requisite Time therefor. Each Unless Agent notifies Letter of Credit Action shall be in a form acceptable to Issuing Lender in its sole discretion. Unless Administrative Agent notifies Issuing Lender Issuer that such Letter of Credit Action is not permitted hereunder, hereunder or Issuing Lender Letter of Credit Issuer notifies Administrative Agent that it has determined that such Letter of Credit Action is contrary to any Laws or policies of Issuing LenderLetter of Credit Issuer, Issuing Lender Letter of Credit Issuer shall, upon satisfaction of the applicable conditions set forth in Section 4.02 4.02, with respect to any Letter of Credit Action constituting an Extension of Credit, effect such Letter of Credit Action. This Agreement shall control in the event of any conflict with any Letter of Credit Application. Upon the issuance of a Letter of Credit, each Lender shall be deemed to have purchased a pro rata participation in such Letter of Credit from Issuing Lender a risk participation therein Letter of Credit Issuer in an amount equal to such that Lender's Pro Rata Share times the amount of such Letter of Creditthereof.