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

Requirements For Issuance of Letters of Credit. The Parent Borrower shall authorize and direct the L/C Issuer to name one or more Borrowers as the “Applicant” or “Account Party” of each Letter of Credit. If the Administrative Agent is not the L/C Issuer of any Letter of Credit, the Parent Borrower shall authorize and direct the L/C Issuer to deliver to the Administrative Agent all instruments, documents, and other writings and property received by the L/C Issuer pursuant to such Letter of Credit and to accept and rely upon the Administrative Agent’s instructions and agreements with respect to all matters arising in connection with such Letter of Credit or the application therefor.

Requirements For Issuance of Letters of Credit. The Parent Administrative Borrower shall authorize and direct the L/C Issuer to name one or more Borrowers as the “Applicant” or “Account Party” of each Letter of Credit. If the Administrative Agent is not the L/C Issuer of any Letter of Credit, the Parent Administrative Borrower shall authorize and direct the L/C Issuer to deliver to the Administrative Agent all instruments, documents, and other writings and property received by the L/C Issuer pursuant to such the Letter of Credit and to accept and rely upon the Administrative Agent’s instructions and agreements with respect to all matters arising in connection with such the Letter of Credit or the application therefor.

Requirements For Issuance of Letters of Credit. The Parent Borrower shall authorize and direct the L/C Issuer to name one or more Borrowers the Borrower as the “"Applicant” " or “"Account Party” " of each Letter of Credit. If the Administrative Agent is not the L/C Issuer of any Letter of Credit, the Parent Borrower shall authorize and direct the L/C Issuer to deliver to the Administrative Agent all instruments, documents, and other writings and property received by the L/C Issuer pursuant to such the Letter of Credit and to accept and rely upon the Administrative Agent’s 's instructions and agreements with respect to all matters arising in connection with such the Letter of Credit or the application therefortherefor and the Administrative Agent shall cause the L/C Issuer to acknowledge receipt of such instructions.

Requirements For Issuance of Letters of Credit. The Parent Administrative Borrower shall authorize and direct the L/C Issuer to name one or more Borrowers Loan Parties as the “Applicant” or “Account Party” of each Letter of Credit. If the Administrative Agent is not the L/C Issuer of any Letter of Credit, the Parent Administrative Borrower shall authorize and direct the L/C Issuer to deliver to the Administrative Agent all instruments, documents, and other writings and property received by the L/C Issuer pursuant to such the Letter of Credit and to accept and rely upon the Administrative Agent’s instructions and agreements with respect to all matters arising in connection with such the Letter of Credit or the application therefor. The beneficiary named on any Letter of Credit shall not be a Sanctioned Person in violation of any Anti-Terrorism Law.

Requirements For Issuance of Letters of Credit. The Parent Administrative Borrower shall authorize and direct the L/C Issuer to name one or more Borrowers as the “Applicant” or “Account Party” of each Letter of Credit. If the Administrative Service Agent is not the L/C Issuer of any Letter of Credit, the Parent Administrative Borrower shall authorize and direct the L/C Issuer to deliver to the Administrative Service Agent all instruments, documents, and other writings and property received by the L/C Issuer pursuant to such Letter of Credit and to accept and rely upon the Administrative Service Agent’s instructions and agreements with respect to all matters arising in connection with such Letter of Credit or the application therefor.