Common use of Requirements For Issuance of Letters of Credit Clause in Contracts

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Patriot Coal CORP), Receivables Purchase Agreement (Peabody Energy Corp), Receivables Purchase Agreement (American Greetings Corp)

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Requirements For Issuance of Letters of Credit. The Seller shall authorize hereby authorizes and direct directs the LC Bank to name the Seller or any Originator or any Affiliate of any Originator as the “Applicant” or “Account Party” of each Letter of Credit, in each case as set forth in the applicable Letter of Credit Application.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Targa Resources Corp.), Receivables Purchase Agreement (Targa Resources Partners LP), Receivables Purchase Agreement (Targa Resources Partners LP)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller Seller, the Performance Guarantor, an Originator or an Affiliate of an Originator as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Cardinal Health Inc), Receivables Purchase Agreement (Cardinal Health Inc), Receivables Purchase Agreement (Cardinal Health Inc)

Requirements For Issuance of Letters of Credit. The Seller shall authorize hereby authorizes and direct directs the LC Bank to name the Seller Seller, an Originator or an Affiliate of an Originator for whose benefit a Letter of Credit has been issued in accordance with Section 1.15 as the “Applicant” or “Account Party” of each such Letter of Credit.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Cloud Peak Energy Inc.), Receivables Purchase Agreement (Cloud Peak Energy Inc.)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the an LC Bank to name the Seller or an Originator as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Owens Corning), Receivables Purchase Agreement (Owens Corning)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller or an Originator as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Chemours Co), Receivables Purchase Agreement (Owens Corning)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller or the Seller, on behalf of, or “for the benefit of” any Originator as the “Applicant” or “Account Party” of each Letter of Credit, provided, in no event shall any Person (including any Originator) other than the Seller have any obligation to reimburse the LC Bank under the terms of any Letter of Credit.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Arch Chemicals Inc), Receivables Purchase Agreement (Arch Chemicals Inc)

Requirements For Issuance of Letters of Credit. (a) The Seller shall authorize and direct the LC Bank to name the Seller as the “Applicant” or “Account Party” of each Letter of Credit, provided, that any such Letter of Credit may indicate that it is issued “at the request of” any Originator or Affiliate of an Originator designated by the Seller.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Armstrong World Industries Inc), Receivables Purchase Agreement (Armstrong World Industries Inc)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller Seller, any Originator or any Affiliate of an Originator as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 1 contract

Samples: Receivables Purchase Agreement (SWIFT TRANSPORTATION Co)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller or any Originator as the “Applicant” or “Account Party” of each Letter of Credit.. Section 1.16

Appears in 1 contract

Samples: Receivables Purchase Agreement (Avantor, Inc.)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the applicable LC Bank to name the Seller as the "Applicant" or "Account Party" of each Letter of Credit.

Appears in 1 contract

Samples: Receivables Purchase Agreement (United States Steel Corp)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the an LC Bank to name the Seller or anany Originator or any Originator’s subsidiary as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Owens Corning)

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Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller or any Originator or any Originator’s subsidiary as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cooper Tire & Rubber Co)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller Seller, the Originator or an Affiliate of each Ferro Party as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ferro Corp)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller, an Originator or any other Affiliate of the Seller and CB as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Cincinnati Bell Inc)

Requirements For Issuance of Letters of Credit. The Seller Sellers shall authorize and direct the LC Bank to name the Seller Sellers, the Performance Guarantor, an Originator or an Affiliate of an Originator as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 1 contract

Samples: Assignment Agreement (Cardinal Health Inc)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the an LC Bank to name the Seller or any Originator or any Originator’s subsidiary as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Owens Corning)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller as the "Applicant" or "Account Party" of each Letter of Credit.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Peabody Energy Corp)

Requirements For Issuance of Letters of Credit. The Seller shall authorize and direct the LC Bank to name the Seller, the Originator or an Affiliate of the Seller and the Originator as the “Applicant” or “Account Party” of each Letter of Credit.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Alpha Natural Resources, Inc.)

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