Common use of Requesting Letters of Credit Clause in Contracts

Requesting Letters of Credit. Borrowers must make written application for any Letter of Credit at least five (5) Business Days before the date on which Borrowers desire for Bank to issue such Letter of Credit. By making any such written application, Borrowers shall be deemed to have represented and warranted that the LC Conditions will be met as of the date of issuance of such Letter of Credit. Two (2) Business Days after the LC Conditions have been met (or if Bank otherwise desires to issue such Letter of Credit), Bank will issue such Letter of Credit at Bank’s office in Dallas, Texas. If any provisions of any LC Application conflict with any provisions of this Agreement, the provisions of this Agreement shall govern and control.

Appears in 3 contracts

Samples: Loan Agreement (Stratus Properties Inc), Loan Agreement (Stratus Properties Inc), Loan Agreement (Stratus Properties Inc)

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Requesting Letters of Credit. Borrowers Borrower must make written application for any Letter of Credit at least five (5) Business Days business days before the date on which Borrowers desire Borrower desires for Bank Lender to issue such Letter of Credit. By making any such written application, Borrowers Borrower shall be deemed to have represented and warranted that the LC Conditions will be met as of the date of issuance of such Letter of Credit. Two (2) Business Days business days after the LC Conditions have been met (or if Bank Lender otherwise desires to issue such Letter of Credit), Bank Lender will issue such Letter of Credit at Bank’s Lender's office in Dallas, Texas. If any provisions of any LC Application conflict with any provisions of this AgreementAmendment, the provisions of this Agreement Amendment shall govern and control.

Appears in 1 contract

Samples: Loan Agreement (Stratus Properties Inc)

Requesting Letters of Credit. Borrowers Borrower must make written application for any Letter of Credit at least five (5) Business Days business days before the date on which Borrowers desire Borrower desires for Bank to issue such Letter of Credit. By making any such written application, Borrowers Borrower shall be deemed to have represented and warranted that the LC Conditions will be met as of the date of issuance of such Letter of Credit. Two (2) Business Days business days after the LC Conditions have been met (or if Bank otherwise desires to issue such Letter of Credit), Bank will issue such Letter of Credit at Bank’s office in Dallas, Texas. If any provisions of any LC Application conflict with any provisions of this AgreementAmendment, the provisions of this Agreement Amendment shall govern and control.

Appears in 1 contract

Samples: Loan Agreement (Stratus Properties Inc)

Requesting Letters of Credit. Borrowers Borrower must make written application for any Letter of Credit at least five (5) Business Days business days before the date on which Borrowers desire Borrower desires for Bank to issue such Letter of Credit. By making any such written application, Borrowers Borrower shall be deemed to have represented and warranted that the LC Conditions will be met as of the date of issuance of such Letter of Credit. Two (2) Business Days business days after the LC Conditions have been met (or if Bank otherwise desires to issue such Letter of Credit), Bank will issue such Letter of Credit at Bank’s 's office in Dallas, Texas. If any provisions of any LC Application conflict with any provisions of this AgreementAmendment, the provisions of this Agreement Amendment shall govern and control.

Appears in 1 contract

Samples: Loan Agreement (Stratus Properties Inc)

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Requesting Letters of Credit. Borrowers Borrower must make written application for any Letter of Credit at least five (5) Business Days before the date on which Borrowers desire Borrower desires for Bank to issue such Letter of Credit. By making any such written application, Borrowers Borrower shall be deemed to have represented and warranted that the LC Conditions will be met as of the date of issuance of such Letter of Credit. Two (2) Business Days after the LC Conditions have been met (or if Bank otherwise desires to issue such Letter of Credit), Bank will issue such Letter of Credit at Bank’s office in Dallas, Texas. If any provisions of any LC Application conflict with any provisions of this Agreement, the provisions of this Agreement shall govern and control.

Appears in 1 contract

Samples: Loan Agreement (Stratus Properties Inc)

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