Examples of Notice of LC Activity in a sentence
Any Notice of LC Activity, once given by Borrower, may not be modified or revoked.
Borrower shall give the Notice of LC Activity to Administrative Agent and the relevant LC Issuing Bank at least two Banking Days before the requested date of issuance of any Letter of Credit, and at least two Banking Days before the requested date of extension, or increase in the Stated Amount, of any Letter of Credit.
Borrower shall have delivered to Administrative Agent a Notice of Revolving Borrowing meeting the requirements of Section 2.1.1.2, a Notice of LC Activity meeting the requirements of Section 2.2.3 or a Notice of Swingline Borrowing meeting the requirements of Section 2.10.2, as applicable.
Each such notice shall be revocable and shall specify the requested date (which shall be a Business Day) and amount of the requested Swingline Loan, and shall be deemed to be a reaffirmation that the conditions set forth in Section 3.2 are satisfied as of the date of the last Borrowing Notice And Certificate or Notice of LC Activity and Certificate, whichever was most recently delivered to the Administrative Agent.
The Borrower shall deliver the Notice of LC Activity to the Administrative Agent (with a copy to the Issuing Bank) by 11:00 a.m. at least five (5) Business Days before the date of issuance, extension, increase or decrease of the Stated Amount of the Letter of Credit.