Common use of Notice of Issuance Clause in Contracts

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitments.

Appears in 2 contracts

Samples: Credit Agreement (Triton PCS Holdings Inc), Credit Agreement (Triton PCS Inc)

AutoNDA by SimpleDocs

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- ---------- renewal or extension of an outstanding Letter of Credit), the Cayman Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the currency in which such Letter of Credit is to be denominated (which shall be dollars or, subject to Section 2.20, an Alternative Currency), the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Cayman Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Cayman Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 100,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Seagate Technology Holdings)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If there is more than one Issuing Bank, the Borrower may select among the Issuing Banks in connection with the issuance of any Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and 25,000,000, (ii) the total Revolving Exposures shall not exceed the total Revolving CommitmentsCommitments and (iii) the Total Exposure shall not exceed the Borrowing Base then in effect.

Appears in 1 contract

Samples: Laralev Inc

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To In order to request the issuance of a Letter of Credit (or the amendmentto amend, ----------- renewal renew or extension of extend an outstanding existing Letter of Credit), the a Borrower shall hand deliver or telecopy (or transmit by electronic communicationtransmission, if pursuant to negotiated arrangements for doing so have been approved by between the Borrowers and the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably at least one Business Day in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day)extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Sectionbelow), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend prepare such Letter of Credit. If requested by the Issuing Bank, the Borrower also and all such information shall submit a letter of credit application be included on the Issuing Bank's standard form of application and reimbursement agreement, provided, however, that to the extent of any inconsistency between the provisions of such standard forms and the provisions of this Restated Credit Agreement, the latter shall govern in connection all respects. The Issuing Bank shall provide to the Administrative Agent on a weekly basis and on the last day of each March, June, September and December, a report describing any issuances, disbursements or other activity with any request respect to all outstanding Letters of Credit for a Letter the period through, but not including, the last day of Creditsuch March, June, September or December, as the case may be. A Letter of Credit shall be issued, amended, renewed or extended only if (if, and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC L/C Exposure shall not exceed $25,000,000 50,000,000 and (ii) the total Revolving Exposures Aggregate Credit Exposure shall not exceed the total Revolving CommitmentsTotal Commitment. If the Administrative Agent determines that, after giving effect to the issuance, amendment, renewal or extension of any Letter of Credit, that the Aggregate Credit Exposure shall exceed the Total Commitment, it shall promptly provide the Issuing Bank written notice to such effect. Each Letter of Credit shall provide for payments of drawings in dollars or an Alternate Currency.

Appears in 1 contract

Samples: Credit Agreement (Lifestyle Furnishings International LTD)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- ---------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 7,500,000 and (ii) the total Revolving Credit Exposures shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Cambridge Technology Partners Massachusetts Inc)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance Issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Participated Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing BankFronting Bank and Administrative Agent) to the Issuing Fronting Bank and the Administrative Agent (reasonably which will promptly notify the Lenders) at least three Business Days in advance of the requested date of issuance, amendment, renewal Issuance (or extensionsuch shorter period as is acceptable to the Fronting Bank) a notice in a form reasonably acceptable to the Fronting Bank (a “Participated Letter of Credit Notice”) requesting the issuance Issuance of a Participated Letter of Credit, or identifying the Participated Letter of Credit to be amended, renewed renewed, extended or extendedincreased, as the case may be, and specifying the date of issuance, amendment, renewal or extension Issuance (which shall be a Business Day), the date on which such Participated Letter of Credit is to expire (which shall comply with paragraph (c) of this SectionSection 2.5(b)(iii)), the amount of such Participated Letter of Credit, the 11863223v8 24740.00050 name and address of the beneficiary thereof and the terms and conditions of (and such other information as shall be necessary to prepare, amend, renew renew, extend or extend increase, as the case may be) such Participated Letter of Credit, it being understood and agreed that Participated Letters of Credit may be extended and renewed in accordance with Section 2.5(b)(iii). If requested by the Issuing Fronting Bank, the Borrower also shall submit a letter of credit application on the Issuing Fronting Bank's ’s standard form (with such changes as the Fronting Bank shall reasonably deem appropriate) in connection with any request for a Participated Letter of Credit. A In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application submitted by the Borrower to the Fronting Bank relating to any Participated Letter of Credit Credit, the terms and conditions of this Agreement shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitmentscontrol.

Appears in 1 contract

Samples: Credit Agreement (Unum Group)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance Issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing BankLender) to the Issuing Bank Lender and the Administrative Agent (reasonably which shall promptly notify the Lenders) at least three Business Days in advance of the requested date of issuanceIssuance (or such shorter period as is acceptable to the Administrative Agent and the Issuing Lender, amendmentincluding any request for the Issuance of a Letter of Credit on the Closing Date, renewal or extensionsubject to approval by the Administrative Agent and the Issuing Lender) a notice letter of credit application on the Issuing Lender’s standard form (with such changes as the Issuing Lender shall reasonably deem appropriate) (a “Letter of Credit Application”) requesting the issuance Issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed renewed, extended or extendedincreased as the case may be, and specifying specifying: (A) the date of issuance, amendment, renewal or extension Issuance (which shall be a Business Day), (B) the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this SectionSection 2.5(a)(ii)), (C) the amount Stated Amount of such Letter of CreditCredit (it being agreed that all Letters of Credit shall be issued in Dollars), (D) the name and address of the beneficiary thereof and (E) such other information as shall be necessary to prepare, amend, renew renew, extend or extend increase, as the case may be, such Letter of Credit, it being understood and agreed that Letters of Credit may be extended and renewed in accordance with Section 2.5(a)(ii). If requested In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any Letter of Credit Application or any other Letter of Credit Document submitted by the Issuing BankBorrower to, or entered into by the Borrower with, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with Lender relating to any request for a Letter of Credit. A Letter , the terms and conditions of Credit this Agreement shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitmentscontrol.

Appears in 1 contract

Samples: Credit Agreement (Unum Group)

Notice of Issuance. Amendment, Renewal, Renewal or Extension; Certain ---------------------------------------------------------- Conditions. --------------------------------------------------- To request the issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower Company shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the respective Issuing Bank) to the an Issuing Bank selected by it and to the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice (which, if not delivered electronically, shall be executed by the Treasurer or an Assistant Treasurer of the Company) requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (cd) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof thereof, if such Letter of Credit is not being issued for the account of the Company, the name of the Eligible Subsidiary for whose account such Letter of Credit is being issued and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the respective Issuing Bank, the Borrower Company and/or the applicable Eligible Subsidiary also shall submit a letter of credit application on the such Issuing Bank's standard form in connection with any request for a Letter of Credit. A In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Company and/or the applicable Eligible Subsidiary to, or entered into by the Company and/or the applicable Eligible Subsidiary with, an Issuing Bank relating to any Letter of Credit Credit, the terms and conditions of this Agreement shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitmentscontrol.

Appears in 1 contract

Samples: Credit Agreement (Anheuser-Busch Companies, Inc.)

Notice of Issuance. Amendment, Extension, Reinstatement or Renewal, Extension; Certain ---------------------------------------------------------- Conditions. (i) To request the issuance of a Letter of Credit (or the amendmentamendment of the terms and conditions, ----------- extension of the terms and conditions, extension of the expiration date, or reinstatement of amounts paid, or renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing BankL/C Issuer) to the Issuing Bank L/C Issuer and to the Administrative Agent not later than 11:00 a.m. at least two (reasonably 2) Business Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree in advance of a particular instance in their sole discretion) prior to the requested proposed issuance date or date of issuance, amendment, renewal or extension) as the case may be a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed extended, reinstated or extendedrenewed, and specifying the date of issuance, amendment, extension, reinstatement or renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this SectionSection 2.03(d)), the amount of such Letter of Credit, the name and address of the beneficiary thereof thereof, the purpose and nature of the requested Letter of Credit, the requested currency for such Letter of Credit, and such other information as shall be necessary to prepare, amend, extend, reinstate or renew or extend such Letter of Credit. If requested by the Issuing BankL/C Issuer, the Borrower also shall submit a letter of credit application and reimbursement agreement on the Issuing Bank's L/C Issuer’s standard form in connection with any request for a Letter of Credit. A Letter In the event of Credit shall be issued, amended, renewed any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application and reimbursement agreement or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit other agreement submitted by the Borrower shall be deemed to represent and warrant that)to, after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitments.entered into by the

Appears in 1 contract

Samples: Execution Copy Credit Agreement (Babcock & Wilcox Enterprises, Inc.)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- ---------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day)extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c3) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), ) (A) it is in an amount not less than $100,000 and (B) after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and 25,000,000, (ii) the sum of the total Revolving Credit Exposures shall not exceed the total Revolving CommitmentsCommitments and (iii) not more than ten (10) Letters of Credit have been issued and are outstanding hereunder.

Appears in 1 contract

Samples: Loan Agreement (Center Trust Inc)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall give Advance Notice by hand deliver delivery or telecopy facsimile (or transmit transmitted by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 50,000,000 and (ii) the sum of the total Revolving Exposures shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Pure Resources Inc)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- ---------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice written Letter of Credit Request substantially in the form of Exhibit D signed by the Borrower requesting the --------- issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of CreditCredit Request. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (PPL Corp)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 15,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Citation Corp /Al/)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a 37 notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 50,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (McLeodusa Inc)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- ---------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the relevant Issuing Bank) to the relevant Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day)extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the relevant Issuing Bank, the Borrower also shall submit a letter of credit application on the relevant Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension extension, (i) the LC Exposure shall not exceed $25,000,000 50,000,000 and (ii) the total Revolving Exposures Aggregate Outstanding Extensions of Credit shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Conformed Copy (CSX Corp)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 10,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Vestar Associates Corp Iii

AutoNDA by SimpleDocs

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If there is more than one Issuing Bank, the Borrower may select among the Issuing Banks in connection with the issuance of any Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 35,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Western Auto Supply Co/)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. (i) To request the issuance of a Committed Letter of Credit by any ----------- Issuing Bank (or the amendment, ----------- renewal or extension of an outstanding Committed Letter of Credit), the a Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the such Issuing Bank) to the such Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Committed Letter of Credit, or identifying the Committed Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day)extension, the date on which such Committed Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Committed Letter of Credit, the name and address of the beneficiary thereof thereof, whether such Committed Letter of Credit is to be a Performance Letter of Credit or a Standby Letter of Credit and such other information as shall be necessary to prepare, amend, renew or extend such Committed Letter of Credit. If requested by the The Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with Bank will issue any request for a Letter of Credit. A Committed Letter of Credit shall be issuedso requested at the time specified in such notice, amended, renewed or extended only if (subject to the other terms and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitmentsconditions set forth herein.

Appears in 1 contract

Samples: Credit Agreement (Chicago Bridge & Iron Co N V)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the ---------- amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice by means of a Letter of Credit Request Form requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 1,000,000 and (ii) the total Revolving Exposures Loan Borrowings and LC Exposure shall not exceed the lesser of the total Revolving CommitmentsCredit Commitments and the Borrowing Base then in effect.

Appears in 1 contract

Samples: Credit Agreement (Digital Generation Systems Inc)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- ---------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing BankLender) to the Issuing Bank Lender and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day)extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing BankLender, the Borrower also shall submit a letter of credit application on the Issuing BankLender's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 20,000,000 and (ii) the total Revolving Exposures Total Exposure shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Lexmark International Group Inc)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- ---------- renewal or extension of an outstanding Letter of Credit), the US Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing BankLetter of Credit Issuer) to the Issuing Bank Letter of Credit Issuer and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of CreditCredit (a "Letter of Credit ---------------- Request"). If requested by the Issuing BankLetter of Credit Issuer, the US Borrower also ------- shall submit a letter of credit application on the Issuing BankLetter of Credit Issuer's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the US Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 50,000,000 and (ii) the total Revolving Credit Exposures shall not exceed the total Total Revolving CommitmentsLoan Commitment.

Appears in 1 contract

Samples: Credit Agreement (GSL Corp)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance Issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Participated Letter of Credit), the Borrower shall hand deliver or telecopy deliver by facsimile (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing BankFronting Bank and Administrative Agent) to the Issuing Fronting Bank and the Administrative Agent (reasonably which will promptly notify the Lenders) at least three Business Days in advance of the requested date of issuance, amendment, renewal Issuance (or extensionsuch shorter period as is acceptable to the Fronting Bank) a notice in a form reasonably acceptable to the Fronting Bank (a “Participated Letter of Credit Notice”) requesting the issuance Issuance of a Participated Letter of Credit, or identifying the Participated Letter of Credit to be amended, renewed renewed, extended or extendedincreased, as the case may be, and specifying the date of issuance, amendment, renewal or extension Issuance (which shall be a Business Day), the date on which such Participated Letter of Credit is to expire (which shall comply with paragraph (c) of this SectionSection 2.5(b)(iii)), the amount of such Participated Letter of Credit, the name and address of the beneficiary thereof and the terms and conditions of (and such other information as shall be necessary to prepare, amend, renew renew, extend or extend increase, as the case may be) such Participated Letter of Credit, it being understood and agreed that Participated Letters of Credit may be extended and renewed in accordance with Section 2.5(b)(iii). If requested by the Issuing Fronting Bank, the Borrower also shall submit a letter of credit application on the Issuing Fronting Bank's ’s standard form (with such changes as the Fronting Bank shall reasonably deem appropriate) in connection with any request for a Participated Letter of Credit. A In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application submitted by the Borrower to the Fronting Bank relating to any Participated Letter of Credit Credit, the terms and conditions of this Agreement shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitmentscontrol.

Appears in 1 contract

Samples: Credit Agreement (Unum Group)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- ---------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Arch Chemicals Inc)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 20,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Catalytica Inc)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance Issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Participated Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Fronting Bank) to the Issuing Fronting Bank and the Administrative Agent (reasonably at least 3 Business Days in advance of the requested date of issuance, amendment, renewal Issuance (or extensionsuch shorter period as is acceptable to the Fronting Bank) a notice notice, signed by a Responsible Officer, in the form of Exhibit C-3 (a “Participated Letter of Credit Notice”), requesting the issuance Issuance of a Participated Letter of Credit, or identifying the Participated Letter of Credit to be amended, renewed renewed, extended or extendedincreased as the case may be, and specifying the date of issuance, amendment, renewal or extension Issuance (which shall be a Business Day), the date on which such Participated Letter of Credit is to expire (which shall comply with paragraph (c) of this SectionSection 2.03(b)(iii)), the amount of such Participated Letter of CreditCredit (which shall not be less than $100,000), the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew renew, extend or extend increase, as the case may be) such Participated Letter of Credit, it being understood and agreed that Participated Letters of Credit may be extended and renewed in accordance with Section 2.03(b)(iii). If requested by the Issuing Fronting Bank, the Borrower also shall submit a letter of credit application on the Issuing Fronting Bank's ’s standard form (with such changes as the Fronting Bank shall reasonably deem appropriate) in connection with any request for a Participated Letter of Credit. A In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application submitted by the Borrower to the Fronting Bank relating to any Participated Letter of Credit Credit, the terms and conditions of this Agreement shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitmentscontrol.

Appears in 1 contract

Samples: Credit Agreement (Hanover Insurance Group, Inc.)

Notice of Issuance. Amendment, Renewal, Extension; Certain ---------------------------------------------------------- Conditions. To request the issuance Issuance of a Letter of Credit (or the amendment, ----------- renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing BankLender) to the Issuing Bank Lender and the Administrative Agent (reasonably which shall promptly notify the Lenders) at least three Business Days in advance of the requested date of issuanceIssuance (or such shorter period as is acceptable to the Administrative Agent and the Issuing Lender, amendmentincluding any request for the Issuance of a Letter of Credit on the Closing Date, renewal or extensionsubject to approval by the Administrative Agent and the Issuing Lender) a notice letter of credit application on the Issuing Lender’s standard form (with such changes as the Issuing Lender shall reasonably deem appropriate) (a “Letter of Credit Application”) requesting the issuance Issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed renewed, extended or extendedincreased as the case may be, and specifying specifying: (A) the date of issuance, amendment, renewal or extension Issuance (which shall be a Business Day), (B) the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this SectionSection 2.5(a)(ii)), (C) the amount Stated Amount of such Letter of CreditCredit (it being agreed that all Letters of Credit shall be issued in Dollars), (D) the name and address of the beneficiary thereof and (E) such other information as shall be necessary to prepare, amend, renew renew, extend or extend increase, as the case may be, such Letter of Credit, it being understood and agreed that Letters of Credit may be extended and renewed in accordance with Section 2.5(a)(ii). If requested In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any Letter of Credit Application or other Letter of Credit Document submitted by the Issuing BankBorrower to, or entered into by the Borrower with, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with Lender relating to any request for a Letter of Credit. A Letter , the terms and conditions of Credit this Agreement shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the LC Exposure shall not exceed $25,000,000 and (ii) the total Revolving Exposures shall not exceed the total Revolving Commitmentscontrol.

Appears in 1 contract

Samples: Credit Agreement (Unum Group)

Time is Money Join Law Insider Premium to draft better contracts faster.