Common use of Subject to Section 1 Clause in Contracts

Subject to Section 1. 1.1, the Borrower shall give the applicable LC Issuer notice prior to 11:00 A.M., New York City time, at least 10 Business Days (or such lesser time as the applicable LC Issuer may agree) prior to the proposed Date of Issuance or Modification of each Xxxx XX, specifying the name of the Trustee as beneficiary, the series of Bonds to be supported by such Xxxx XX, the proposed date of issuance (or Modification) and the expiry date of such Xxxx XX and describing the proposed terms of such Xxxx XX. Such notice shall also be accompanied by drafts of the proposed Official Statement and the other Operative Documents relating to the series of Bonds to be supported by such Xxxx XX.

Appears in 6 contracts

Samples: Credit Agreement (Baltimore Gas & Electric Co), Credit Agreement (Commonwealth Edison Co), Credit Agreement

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