Common use of Terms of Letters of Credit Clause in Contracts

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the date which is fourteen (14) days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Boston Properties Inc), Revolving Credit Agreement (Boston Properties Inc), Revolving Credit Agreement (Boston Properties Inc)

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Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the earlier of (x) one year from the date of issuance or (y) the date which is fourteen thirty (1430) days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty Corp), Revolving Credit Agreement (Mack Cali Realty Corp)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) without limitation of §5.1.1, shall have an expiry date no later than the date which is fourteen (14) days prior to the Maturity Dateone year after its issuance. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customsrules of the ISP.

Appears in 3 contracts

Samples: Revolving Credit Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust), Revolving Credit Agreement (First Potomac Realty Trust)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the date which is fourteen thirty (1430) days prior to the Revolving Credit Loan Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 2 contracts

Samples: Credit Agreement (Charlotte Russe Holding Inc), Revolving Credit Agreement (Charlotte Russe Holding Inc)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) shall have an expiry date no later than the date which is fourteen (14) days prior to the Maturity Dateone year after its issuance. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Hartman Commercial Properties Reit), Revolving Credit Agreement (First Potomac Realty Trust)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (ia) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (iib) have an expiry expiration date no later than the date which is fourteen (14) days prior to the Tranche A Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 2 contracts

Samples: Term Loan Agreement (Emmis Communications Corp), Revolving Credit (Emmis Communications Corp)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts, or time drafts up to a maximum tenor of 183 days, for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the date which is fourteen (14) days prior to the Revolving Credit Loan Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Michaels Stores Inc), Revolving Credit Agreement (Michaels Stores Inc)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the date which is fourteen seven (147) days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform CustomsCustoms or, in the case of a standby Letter of Credit, either the Uniform Customs or the International Standby Practices.

Appears in 2 contracts

Samples: Multicurrency Revolving Credit Agreement (Rogers Corp), Multicurrency Revolving Credit Agreement (Rogers Corp)

Terms of Letters of Credit. Each Letter of Credit issued, issued or extended or renewed hereunder shall, among other things, (ia) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, (b) be subject to clause (c) hereof and 3.1.7, and (iiother than with respect to IRB Letters of Credit) shall have a term of not more than one (1) year from the date of issuance or extension thereof and (c) have an expiry date no later than the date which is fourteen (14) days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform CustomsExpiration Date.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Waste Connections Inc/De), Revolving Credit and Term Loan Agreement (Waste Connections Inc/De)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (ia) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (iib) have an expiry date no later than the date which is fourteen (14) days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

Terms of Letters of Credit. Each Letter of -------------------------- Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the date which is fourteen (14) days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Credit Agreement (Boston Properties Inc)

Terms of Letters of Credit. Each Letter of Credit issued, issued or extended or renewed hereunder shall, among other things, (ia) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (iib) have an expiry date no later than the date which is fourteen (14) days (or, if the Letter of Credit is confirmed by a confirmer or otherwise provides for one or more nominated persons, forty-five (45) days) prior to the Revolving Credit Loan Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Dave & Busters Inc)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the date which is fourteen Termination Date (14) days prior unless otherwise agreed to by the Maturity DateAdministrative Agent). Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Credit Agreement (Nationsrent Inc)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (ia) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (iib) have an any expiry date no not later than the date which is fourteen [twenty (14) 20)] days prior to the Revolving Credit Loan Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Revolving Credit Agreement (Provant Inc)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, therein and (ii) have an expiry date no later than the date which is fourteen (14) days Business Days prior to the Revolving Credit Loan Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Credit Agreement (HPSC Inc)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, (ii) shall have an expiry date no later than one year after its issuance, and (iiiii) have an expiry date no later than the date which is fourteen (14) days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Revolving Credit Agreement (First Potomac Realty Trust)

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Terms of Letters of Credit. Each Letter of Credit issued, extended extended, or renewed hereunder shall, among other things, (ia) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (iib) have an expiry date no later than the date which is fourteen (14) days prior to the Maturity Date. Each Letter of Credit so issued, extended extended, or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Revolving Credit Agreement (Alliance Capital Management Lp)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the date which is fourteen thirty (1430) days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cali Realty Corp /New/)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, therein and (ii) have an expiry date no later than the date which is fourteen (14) days Business Days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Revolving Credit Agreement (HPSC Inc)

Terms of Letters of Credit. Each Letter of Credit issued, -------------------------- extended or renewed hereunder shall, among other things, (ia) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (iib) have an expiry date no later than the date which is fourteen (14) days prior to the Revolving Credit Loan Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Petro Stopping Centers L P)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the date which is fourteen (14) days prior to the Revolving Credit Loan Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Bangor Hydro Electric Co)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (ia) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (iib) have an expiry expiration date no later than the date which is fourteen (14) days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.. 5.1.4

Appears in 1 contract

Samples: Revolving Credit (Emmis Broadcasting Corporation)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the earlier of (x) one year from the date of issuance or (y) the date which is fourteen thirty (1430) days prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.Maturity

Appears in 1 contract

Samples: Credit Agreement (Mack Cali Realty Corp)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the date which is fourteen (14) days prior to (or, if the Maturity Date. Each Letter of Credit so issuedis confirmed by a confirmer or otherwise provides for one or more nominated persons, extended or renewed shall be subject to the Uniform Customs.forty-five (45) days)

Appears in 1 contract

Samples: Revolving Credit Agreement (HMT Technology Corp)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (i) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (ii) have an expiry date no later than the date which is fourteen Termination Date (14) days prior unless otherwise agreed to by the Maturity DateAgents). Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Hvide Marine Inc)

Terms of Letters of Credit. Each Letter of Credit issued, extended or renewed hereunder shall, among other things, (ia) provide for the payment of sight drafts for honor thereunder when presented in accordance with the terms thereof and when accompanied by the documents described therein, and (iib) have an expiry date (without giving effect to any renewal options) no later than the date which is fourteen thirty (1430) days (or, if the Letter of Credit is confirmed by a confirmer or otherwise provides for one or more nominated persons, forty-five (45) days) prior to the Maturity Date. Each Letter of Credit so issued, extended or renewed shall be subject to the Uniform Customs.

Appears in 1 contract

Samples: Revolving Credit Agreement (SeaCube Container Leasing Ltd.)

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