Common use of Requesting Letter of Credit Actions Clause in Contracts

Requesting Letter of Credit Actions. The Parent may irrevocably ----------------------------------- request a Letter of Credit Action in Dollars or an Offshore Currency in the amount of not less than $20,000,000 or the Dollar Equivalent thereof by delivering a Letter of Credit Application therefor to Issuing Bank, with a copy to Administrative Agent (who shall notify Banks), by 8:30 a.m. (San Francisco time) three Business Days prior to the requested Letter of Credit Action Date. Only standby letters of credit, not commercial letters of credit, may be issued hereunder. Each Letter of Credit Action shall be in a form acceptable to the Issuing Bank in its sole discretion. Unless the Administrative Agent notifies the Issuing Bank that such Letter of Credit Action is not permitted hereunder, or the Issuing Bank notifies Administrative Agent that it has determined that such Letter of Credit Action is contrary to any laws or policies of the Issuing Bank, the Issuing Bank shall, upon satisfaction of the applicable conditions set forth in Section 5.2 , 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 Bank shall be deemed to have purchased from the Issuing Bank a risk participation therein in an amount equal to that Bank's Pro Rata Share times the amount of such Letter of Credit Usage.

Requesting Letter of Credit Actions. The Parent Borrower may ----------------------------------- irrevocably ----------------------------------- request a Letter of Credit Action in Dollars or an Offshore Currency in the amount of not less than $20,000,000 1,000,000 or the Dollar Equivalent thereof by delivering a Letter of Credit Application therefor to Issuing BankLender, with a copy to Administrative Post-Petition Agent (who shall notify BanksLenders), by 8:30 a.m. (San Francisco New York time) three Business Days prior to the requested Letter of Credit Action Date. Only standby letters of credit, not commercial letters of credit, may be issued hereunder. Each Letter of Credit Action shall be in a form acceptable to the Issuing Bank Lender in its sole discretion. Unless the Administrative Post-Petition Agent notifies the Issuing Bank Lender that such Letter of Credit Action is not permitted hereunder, or the Issuing Bank Lender notifies Administrative Post-Petition Agent that it has determined that such Letter of Credit Action is contrary to any laws or policies of the Issuing BankLender, the Issuing Bank Lender shall, upon satisfaction of the applicable conditions set forth in Section 5.2 9.2, 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 Bank Tranche B Lender shall be deemed to have purchased from the Issuing Bank Lender a risk participation therein in an amount equal to that BankTranche B Lender's Tranche B Pro Rata Share times the amount of such Letter of Credit Usage.

Requesting Letter of Credit Actions. The Parent Borrower may irrevocably ----------------------------------- request a Letter of Credit Action in Dollars or an Offshore Currency in the amount of not less than $20,000,000 5,000,000 or the Dollar Equivalent thereof by delivering a Letter of Credit Application therefor to Issuing Bank, with a copy to Administrative Agent (who shall notify Banks), by 8:30 a.m. (San Francisco time) three Business Days prior to the requested Letter of Credit Action Date. Only standby letters of credit, not commercial letters of credit, may be issued hereunder. Each Letter of Credit Action shall be in a form acceptable to the Issuing Bank in its sole discretion. Unless the Administrative Agent notifies the Issuing Bank that such Letter of Credit Action is not permitted hereunder, or the Issuing Bank notifies Administrative Agent that it has determined that such Letter of Credit Action is contrary to any laws or policies of the Issuing Bank, the Issuing Bank shall, upon satisfaction of the applicable conditions set forth in Section 5.2 , 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 Bank shall be deemed to have purchased from the Issuing Bank a risk participation therein in an amount equal to that Bank's Pro Rata Share times the amount of such Letter of Credit Usage.

Requesting Letter of Credit Actions. The Parent Borrower may irrevocably ----------------------------------- request a Letter of Credit Action in Dollars or an Offshore Currency in the amount of not less than $20,000,000 5,000,000 or the Dollar Equivalent thereof by delivering a Letter of Credit Application therefor to Issuing Bank, with a copy to Administrative Agent (who shall notify Banks), by 8:30 a.m. (San Francisco time) three Business Days prior to the requested Letter of Credit Action Date. Only standby letters of credit, not commercial letters of credit, may be issued hereunder. Each Letter of Credit Action shall be in a form acceptable to the Issuing Bank in its sole discretion. Unless the Administrative Agent notifies the Issuing Bank that such Letter of Credit Action is not permitted hereunder, or the Issuing Bank notifies Administrative Agent that it has determined that such Letter of Credit Action is contrary to any laws or policies of the Issuing Bank, the Issuing Bank shall, upon satisfaction of the applicable conditions set forth in Section 5.2 5.2, effect such Letter of Credit Action. This Agreement shall ----------- shall control in the event of any conflict with any Letter of Credit Application. Upon the issuance of a Letter of Credit, each Bank shall be deemed to have purchased from the Issuing Bank a risk participation therein in an amount equal to that Bank's Pro Rata Share times the amount of such Letter of Credit Usage.