Common use of Requirements for Every Letter of Credit Request Clause in Contracts

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.

Appears in 5 contracts

Samples: Loan Agreement (Layne Christensen Co), Loan Agreement (Angelica Corp /New/), Loan Agreement (Angelica Corp /New/)

AutoNDA by SimpleDocs

Requirements for Every Letter of Credit Request. Only a written request (which may be mailed, personally delivered or telecopied as provided in Section 19.120.1) from a Borrowing Officer Representative to Administrative Agent or an electronic initiation over an online service provided by Letter of Credit Issuer that specifies the amount, requested expiry issue date (which shall be a Business Day and in no event later than twenty-five (25) days 30 Business 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.

Appears in 4 contracts

Samples: Credit Facilities Agreement (Young Innovations Inc), Assignment and Assumption (Young Innovations Inc), Credit Agreement (Young Innovations Inc)

Requirements for Every Letter of Credit Request. Only a written request (which may be mailed, personally delivered or telecopied as provided in Section 19.121.1) 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 issue 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. The form of Letter of Credit application submitted by Borrower shall be in the form required by the Letter of Credit Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Talx Corp), Loan Agreement (Talx Corp)

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 Lender that specifies the amount, requested expiry issue date (which shall be a Business Day and in no event later than twenty-five (25) 180 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.

Appears in 1 contract

Samples: Loan Agreement (Labarge Inc)

Requirements for Every Letter of Credit Request. Only a written request (which may be mailed, personally delivered to or telecopied as provided in Section 19.110.7) from a Borrowing an Authorized Officer to Administrative Agent or an electronic initiation over an online service provided by Letter of Credit Issuer that specifies the amount, requested expiry issue date (which shall be a Business Day and in no event later than twenty-five (25) thirty days before the Revolving Loan Line of Credit 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.

Appears in 1 contract

Samples: Credit Agreement (Integrity Inc)

AutoNDA by SimpleDocs

Requirements for Every Letter of Credit Request. Only a written request (which may be mailed, personally delivered or telecopied as provided in Section 19.122.1) from a Borrowing Officer to Administrative Agent or an electronic initiation over an online service provided by Letter of Credit Issuer that specifies the requested face amount, requested expiry issue date (which shall be a Business Day and in no event later than twenty-five (25) at least 30 days before the Revolving Loan Maturity Date) 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.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Group Inc)

Requirements for Every Letter of Credit Request. Only a written request (which may be mailed, electronically delivered via e-mail, personally delivered or telecopied as provided in Section 19.121.1) 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 issue 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. The form of Letter of Credit application submitted by Borrower shall be in the form required by the Letter of Credit Agreement.

Appears in 1 contract

Samples: Loan Agreement (Talx Corp)

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 and the Letter of Credit Issuer (if a different Lender than Agent) that specifies the amount, requested expiry issue date (which shall be a Business Day and in no event later than twenty-five (25) 180 days before the Revolving Loan Revolver 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 CreditCredit Request".

Appears in 1 contract

Samples: Loan Agreement (Omniquip International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!