Common use of Requests for Letters of Credit Clause in Contracts

Requests for Letters of Credit. The Borrower may from time to time request a Letter of Credit to be issued by providing to the Letter of Credit Issuer (and the Agent if the Letter of Credit Issuer is not the Agent) a notice which is actually received not less than three Banking Days prior to the requested Closing Date for such Letter of Credit specifying (a) the amount of the requested Letter of Credit, (b) the beneficiary thereof, (c) the requested Closing Date and (d) the principal terms of the text for such Letter of Credit. Each Letter of Credit will be issued by forwarding it to the Borrower or to such other Person as directed in writing by the Borrower. In connection with the issuance of any Letter of Credit, the Borrower shall furnish to the Letter of Credit Issuer (and the Agent if the Letter of Credit Issuer is not the Agent) a certificate in substantially the form of Exhibit 5.2.1 and any customary application forms required by the Letter of Credit Issuer, which forms shall be used to obtain the information provided by the Borrower therein and which, in the case of conflict with this Agreement, shall be subject to the provisions of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Racing Champions Corp), Credit Agreement (Racing Champions Corp)

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Requests for Letters of Credit. The Any Borrower may from time to time request a Letter of Credit to be issued by providing to the Letter of Credit Issuer (and the Agent if the Letter of Credit Issuer is not the Agent) a notice which is actually received not less than three five Banking Days prior to the requested Closing Date for such Letter of Credit specifying (a) the amount of the requested Letter of Credit, (b) the beneficiary thereof, (c) the requested Closing Date and (d) the principal terms of the text for such Letter of Credit. Each Letter of Credit will be issued by forwarding it to the such Borrower or to such other Person as directed in writing by the such Borrower. In connection with the issuance of any Letter of Credit, the such Borrower shall furnish to the Letter of Credit Issuer (and the Agent if the Letter of Credit Issuer is not the Agent) a certificate in substantially the form of Exhibit 5.2.1 5.3.1 and any customary application forms required by the Letter of Credit Issuer, which forms shall be used to obtain the information provided by the Borrower therein and which, in the case of conflict with this Agreement, shall be subject to the provisions of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

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Requests for Letters of Credit. The Borrower may from time to time request a Letter of Credit to be issued by providing to the Letter of Credit Issuer (and the Agent if the Letter of Credit Issuer is not the Agent) a notice which is actually received not less than three five Banking Days prior to the requested Closing Date for such Letter of Credit specifying (a) the amount of the requested Letter of Credit, (b) the beneficiary thereof, (c) the requested Closing Date and (d) the principal terms of the text for such Letter of Credit. Each Letter of Credit will be issued by forwarding it to the Borrower or to such other Person as directed in writing by the Borrower. In connection with the issuance of any Letter of Credit, the Borrower shall furnish to the Letter of Credit Issuer (and the Agent if the Letter of Credit Issuer is not the Agent) a certificate in substantially the form of Exhibit 5.2.1 and any customary application forms required by the Letter of Credit Issuer, which . In the event of any inconsistency between such application forms shall be used to obtain the information provided by the Borrower therein and which, in the case of conflict with this Agreement, this Agreement shall be subject to the provisions of this Agreementgovern.

Appears in 1 contract

Samples: Credit Agreement (Playcore Inc)

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