Issuance Request definition
Examples of Issuance Request in a sentence
The Administrative Agent shall have received a Borrowing Request if Loans are being requested, or an Issuance Request if a DSR Letter of Credit is being requested or extended or the Stated Amount thereof increased.
The delivery of a Borrowing Request or an Issuance Request and the acceptance by the Borrower of the benefits of such Credit Extension shall constitute a representation and warranty by the Borrower that on the date of such Credit Extension (both immediately before and after giving effect to such Credit Extension) the statements required to be true and correct under Section 5.2.1 as a condition to such Credit Extension are true and correct in all material respects.
No later than five (5) Business Days after the Closing Date, the Borrower shall deliver to the Administrative Agent and NatWest an Issuance Request and deliver to NatWest (with a copy to the Administrative Agent) a completed Letter of Credit Application, appropriately completed and signed by an Authorized Officer of the Borrower for the issuance of a DSR Letter of Credit in a face amount of $6,266,666.67.