Common use of Amendments to Letters of Credit Clause in Contracts

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.

Appears in 4 contracts

Samples: Credit Agreement (T-3 Energy Services Inc), Security Agreement (Veritas DGC Inc), Credit Agreement (Veritas DGC Inc)

AutoNDA by SimpleDocs

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 applicable 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.

Appears in 1 contract

Samples: Credit Agreement (Veritas DGC Inc)

AutoNDA by SimpleDocs

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 applicable Issuing Bank Lender not later than three Business Days prior to the date of the proposed amendment or extension. The No Issuing Bank Lender 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.

Appears in 1 contract

Samples: Credit Agreement (T-3 Energy Services Inc)

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