Requirements for Every Letter of Credit Request Sample Clauses

Requirements for Every Letter of Credit Request. Only a written request (which may be mailed, personally delivered or telecopied as provided in Section 19.1) from a Borrowing Officer to Administrative Agent or an electronic initiation over an online service provided by Letter of Credit Issuer that specifies the amount, requested expiry date (which shall be a Business Day and in no event later than twenty-five (25) days before the Revolving Loan Maturity Date) and beneficiary of the requested Letter of Credit and other information necessary for its issuance shall be treated as a request for issuance of a Letter of Credit.
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Requirements for Every Letter of Credit Request. Only a written request (which may be mailed, personally delivered or delivered by facsimile as provided in this Agreement) from an Authorized Employee to Administrative Agents or an electronic initiation over an online service provided by Letter of Credit Issuer that specifies the amount, requested issue date (which shall be a Business Day and in no event later than 30 days before the Termination Date) and beneficiary of the requested Letter of Credit and other information necessary for its issuance shall be treated as a request for issuance of a Letter of Credit together with such Letter of Credit applications and reimbursement agreements as Letter of Credit Issuer may reasonably request.
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Requirements for Every Letter of Credit Request. Only a written request (which may be mailed, sent via email from an authorized person with such email containing a signed PDF copy of such duly signed request, personally delivered or telecopied as provided in this Agreement) from a Borrowing Officer to Letter of Credit Issuer and Administrative Agent (if Administrative Agent and the Letter of Credit Issuer are not the same Person) or an electronic initiation over an online service provided by Letter of Credit Issuer (with a written copy to Administrative Agent if Administrative Agent and the Letter of Credit Issuer are not the same Person) that specifies the amount, requested issue date (which shall be a Business Day and in no event later than thirty days before the effective date of termination of the Aggregate Revolving Loan Commitment) and beneficiary of the requested Letter of Credit and other information necessary for its issuance shall be treated as a request for issuance of a Letter of Credit together with such Letter of Credit applications and reimbursement agreements as the Letter of Credit Issuer may reasonably request.
Sample 1
Requirements for Every Letter of Credit Request. Only a written request (which may be mailed, personally delivered or telecopied as provided in Section 19.1) from a Borrowing Officer to Letter of Credit Issuer that specifies the request face amount of the Letter of Credit, whether the Letter of Credit is to be a Revolver Letter of Credit or a Swingline Letter of Credit, and the Applicable Currency, the requested issue date (which shall be a Business Day and in no event later than five Business Days before the Revolving Loan Maturity Date), the account party, and the beneficiary of the requested Letter of Credit, and other information necessary for its issuance, shall be treated as a request for issuance of a Letter of Credit.
Sample 1
Requirements for Every Letter of Credit Request. Only a written request (which may be mailed, personally delivered or telecopied as provided in this Agreement) from a Borrowing Officer to Letter of Credit Issuer and Administrative Agent (if Administrative Agent and the Letter of Credit Issuer are not the same Person) or an electronic initiation over an online service provided by Letter of Credit Issuer (with a written copy to Administrative Agent if Administrative Agent and the Letter of Credit Issuer are not the same Person) that specifies the amount, requested issue date (which shall be a Business Day and in no event later than thirty days before the effective date of termination of the Aggregate Revolving Loan Commitment) and beneficiary of the requested Letter of Credit and other information necessary for its issuance shall be treated as a request for issuance of a Letter of Credit together with such Letter of Credit applications and reimbursement agreements as the Letter of Credit Issuer may reasonably request.
Sample 1

Related to Requirements for Every Letter of Credit Request

  • Letter of Credit Request See §2.10(a).

  • Letter of Credit Requirements (a) Any Letter of Credit required under this Loan Agreement must satisfy the following conditions:

  • Letter of Credit Requests (a) Whenever the Borrower desires that a Letter of Credit be issued for its account or for the account of any of its Subsidiaries, it shall give the Administrative Agent and the Letter of Credit Issuer at least five (or such lesser number as may be agreed upon by the Administrative Agent and the Letter of Credit Issuer) Business Days’ written notice thereof. Each such notice shall be executed by the Borrower and shall be in the form of Exhibit G (each a “Letter of Credit Request”).

  • Letter of Credit Requests; Minimum Stated Amount (a) Whenever the Borrower desires that a Letter of Credit be issued for its account, the Borrower shall give the Administrative Agent and the respective Issuing Lender at least five Business Days’ (or such shorter period as is acceptable to such Issuing Lender) written notice thereof (including by way of facsimile). Each notice shall be in the form of Exhibit C, appropriately completed (each, a “Letter of Credit Request”).

  • Notice of Borrowing; Letter of Credit Request (a) Prior to the making of each Loan (other than a Swingline Loan or a Revolving Loan made pursuant to a Mandatory Borrowing), the Administrative Agent shall have received a Notice of Borrowing meeting the requirements of Section 2.03(a). Prior to the making of each Swingline Loan, the Swingline Lender shall have received the notice referred to in Section 2.03(b)(i).

  • Letter of Credit Reports Each Issuing Bank shall furnish (A) to the Agent on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued by such Issuing Bank during the preceding month and drawings during such month under all such Letters of Credit and (B) to the Agent on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit issued by such Issuing Bank.

  • Requirements For Issuance of Letters of Credit (a) Borrowing Agent shall authorize and direct any Issuer to name the applicable Borrower as the “Applicant” or “Account Party” of each Letter of Credit. If Agent is not the Issuer of any Letter of Credit, Borrowing Agent shall authorize and direct the Issuer to deliver to Agent all instruments, documents, and other writings and property received by the Issuer pursuant to the Letter of Credit and to accept and rely upon Agent’s instructions and agreements with respect to all matters arising in connection with the Letter of Credit, the application therefor or any acceptance therefor.

  • Letter of Credit Procedures 17 2.3.1 L/C Applications......................................................17 2.3.2 Participation in Letters of Credit....................................18 2.3.3 Reimbursement Obligations.............................................18 2.3.4 Limitation on Obligations of Issuing Banks............................19 2.3.5 Funding by Revolving Banks to Issuing Banks...........................19 2.4

  • Conditions Precedent to Each Loan and Letter of Credit The obligation of each Lender on any date (including the Closing Date) to make any Loan and of each Issuer on any date (including the Closing Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

  • Conditions Precedent to All Loans and Letter of Credit Accommodations Each of the following is an additional condition precedent to Lender making Loans and/or providing Letter of Credit Accommodations to Borrower, including the initial Loans and Letter of Credit Accommodations and any future Loans and Letter of Credit Accommodations:

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