Amendments to Letters of Credit Sample Clauses

Amendments to Letters of Credit. Any request for amendment to or extension of the expiry date of any previously issued Letter of Credit shall be submitted pursuant to a Credit Request by the Borrower to the Issuing Bank not later than three Business Days prior to the date of the proposed amendment or extension. The Issuing Bank shall not amend or extend the expiry date of any Letter of Credit if the issuance of a new Letter of Credit having the same terms and conditions as such Letter of Credit as so amended or extended would be prohibited by any provision of this Agreement.
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Amendments to Letters of Credit. (a) At any time during the Commitment Period:
Amendments to Letters of Credit. Part 1, Article 11.3.1 of the Construction Contract is amended by deleting it in its entirety and replacing it with the following:
Amendments to Letters of Credit. (A) The Issuer and the Banks agree that, at the _request of the Agent and on and subject to the terms and _conditions hereinafter set forth (including Article IV hereof and _the receipt by the Agent of the Company's completed irrevocable _written request in the form of EXHIBIT C hereto no later than _11:00 a.m. (San Francisco time) on the third Business Day prior _to the requested date of issuance of such amendment and, where _required as determined by the Agent and the Issuer, the consent _of the corresponding beneficiaries), from time to time on any _Business Day during the Availability Period, the Issuer shall _issue on the date requested by the Company the following types of _amendments to Letters of Credit as requested by the Company: (i) _amendments extending or accelerating the expiry dates of Letters _of Credit, provided that no extended expiry date shall be later _than the earlier of (A) six months after the expiry date of such _Letter of Credit immediately prior to such amendment, and (B) the _Termination Date; and (ii) amendments increasing or decreasing _the maximum amounts available for drawings under Letters of _Credit, provided that no such increase shall cause the Effective _Amount of the Letter of Credit Obligations as of the date of the _amendment to exceed the Aggregate Commitment. _ _ (B) The Agent shall request the consent of the Banks _and the Issuer to the Company's request for any amendments to _Letters of Credit not described in subsection (a). Such _amendments may be issued only pursuant to the agreement of the _Agent, the Banks, the Issuer and the Company. _ _ 2.3 REIMBURSEMENTS. _ _ (A) PAYMENTS UNDER LETTERS OF CREDIT. Without _limiting any other obligations of the Company hereunder including _under Section 2.1, the Company shall pay and reimburse the Agent, _for the account of (and for payment to) the Issuer and each Bank, _for all amounts paid by the Issuer and such Bank under or in _respect of each Letter of Credit issued by the Issuer for the _Company's account hereunder. Each payment or reimbursement shall _be made on the same Business Day as, or, upon the request of the _Issuer or the Agent, one Business Day prior to, the date on which _each such payment is to be made by the Issuer under a Letter of _Credit. _ _ (B)
Amendments to Letters of Credit. No Issuer shall agree to an amendment or modification to any Letter of Credit issued by it unless the Required Revolving Credit Banks have granted their prior written consent thereto, which consent shall not be unreasonably withheld or delayed; provided, however, an Issuer of a Letter of Credit may amend or otherwise modify such Letter of Credit without the need to obtain consent of the Required Revolving Credit Banks if the respective Letter of Credit affected thereby could have been issued under this Agreement in such amended or modified form, but if the undrawn available amount under such Letter of Credit is increased thereby, only so long as a notice is sent by the Borrower under Section 3.02(a) and, if applicable, any Additional Issuer under Section 2.14(h). In the case of any conflict between provisions of any Letter of Credit Application or this Agreement, the provisions of this Agreement shall govern, but only for so long as this Agreement is in effect.
Amendments to Letters of Credit. A. Clause (i) of the second sentence of Section 3.01 of the Credit Agreement is amended and restated in its entirety as follows:
Amendments to Letters of Credit. The Borrower, and the Lender agree that the terms and provisions of this Agreement shall be applicable to any amendment, modification or supplement hereafter made to any Letter of Credit.
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Amendments to Letters of Credit. Each Letter of Credit shall be amended, in each case as contemplated by Section 2.01, upon notice by the Account Party to the L/C Issuer, given not later than 11:00 a.m. (New York City time) on the fifth Business Day prior to the proposed effective date of such amendment (or such shorter notice as the L/C Issuer may agree). Each such notice of amendment to a Letter of Credit shall be by telephone, confirmed immediately in writing or by facsimile, specifying therein the requested (i) Letter of Credit to be amended, (ii) effective date of the amendment thereof (which shall be a Business Day), and (iii) amount of the reduction or increase (as applicable) in the Available Amount of such Letter of Credit. If the requested form of such amendment (to the extent different from Exhibit C hereto) is acceptable to the L/C Issuer in its reasonable discretion, the L/C Issuer will, upon the satisfaction of the applicable conditions set forth in Article 3, subject to the prior written consent of the applicable Beneficiary, enter into such amendment.
Amendments to Letters of Credit. (a) If the Borrowers or the Issuing Banks wish to amend a Letter of Credit which has been issued, the Agent may amend and re-issue that Letter of Credit in the form agreed by the Borrowers and the Issuing Banks.
Amendments to Letters of Credit. The Originator, from time to time, may request the Company to request the Issuer, on the terms and subject to the conditions set forth in the Secured Credit Agreement, (a) to revise the documentation requirements for any outstanding Letter of Credit, (b) to extend the expiry date (for a period of one year or less) of any outstanding Letter of Credit, (c) to increase the stated amount of any outstanding Letter of Credit or (d) to decrease the stated amount of any outstanding Letter of Credit.
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