Common use of Issuance of Letters of Credit Clause in Contracts

Issuance of Letters of Credit. (a) The Company may from time to time request any Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, by delivering to the Administrative Agent at its address specified in subsection 16.2 and the Issuing Lender an L/C Application completed to the satisfaction of the Issuing Lender, together with the proposed form of the Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company that it is for any reason unable to open such Letter of Credit, the Company may request another Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents shall be deemed to be a reference to such Lender.

Appears in 5 contracts

Samples: Credit Agreement (Citadel Broadcasting Corp), Credit Agreement (Citadel Broadcasting Corp), Credit Agreement (Citadel Broadcasting Co)

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Issuance of Letters of Credit. (a) The Company Borrower may from time to time request any Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, by delivering to the Administrative Agent at its address specified in subsection 16.2 11.2 and the Issuing Lender an L/C Application completed to the satisfaction of the Issuing Lender, together with the proposed form of the Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company Borrower that it is for any reason unable to open such Letter of Credit, the Company Borrower may request another Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Loan Documents shall be deemed to be a reference to such Lender.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Cumulus Media Inc), First Lien Credit Agreement (Cumulus Media Inc)

Issuance of Letters of Credit. (a) The Company may from time to time during the Revolving Credit Commitment Period request any Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, Credit by delivering to the Administrative Agent at its address specified in subsection 16.2 Section 12.2 and the Issuing Lender an L/C Application completed to the satisfaction of the Issuing Lender, together with the proposed form of the Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company that it is for any reason unable to open such Letter of Credit, the Company may request another Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents shall be deemed to be a reference to such Lender. Letters of Credit shall be denominated in Dollars.

Appears in 3 contracts

Samples: Credit Agreement (Be Aerospace Inc), Credit Agreement (Be Aerospace Inc), Credit Agreement (Be Aerospace Inc)

Issuance of Letters of Credit. (a) The Company Borrower may from time to time request any the Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, C by delivering to the Issuing Lender (with a copy to the Administrative Agent Agent) at its address specified in subsection 16.2 and 11.2 (or such other location as the Issuing Lender an may direct) a letter of credit application in the Issuing Lender’s then customary form (the “L/C Application Application”) completed to the satisfaction of the Issuing Lender, together with the proposed form of the such Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company Borrower that it is for any reason unable to open such Letter of Credit, the Company Borrower may request another any Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents subsections 3.5 through 3.13, 6.1 and 6.2 shall be deemed to be a reference to such LenderIssuing Lender for the purposes of such Letter of Credit.

Appears in 3 contracts

Samples: Credit Agreement (Atlantic Broadband Finance, LLC), Credit Agreement (Atlantic Broadband Finance, LLC), Credit Agreement (Atlantic Broadband Management, LLC)

Issuance of Letters of Credit. (a) The Company may from time to time request any the Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, C by delivering to the Administrative Agent Issuing Lender at its address specified in subsection 16.2 11.2 or as otherwise agreed between the Company and the Issuing Lender an a letter of credit application in the Issuing Lender's then customary form (the "L/C Application Application") completed to the satisfaction of the Issuing Lender, together with the proposed form of the such Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company that it is for any reason unable to open such Letter of Credit, the Company may request another any Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents subsections 3.5 through 3.14, 6.1 and 6.2 shall be deemed to be a reference to such Issuing Lender.

Appears in 2 contracts

Samples: Credit Agreement (CSK Auto Corp), Credit Agreement (CSK Auto Corp)

Issuance of Letters of Credit. (a) The Company may from time to time request any the Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, C by delivering to the Administrative Agent at its address specified in subsection 16.2 and 11.2 a letter of credit application in the Issuing Lender an Lender's then customary form (the "L/C Application Application") completed to the satisfaction of the Issuing Lender, together with the proposed form of the such Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company that it is for any reason unable to open such Letter of Credit, the Company may request another any Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents subsections 3.5 through 3.14, 6.1 and 6.2 shall be deemed to be a reference to such issuing Lender.

Appears in 2 contracts

Samples: Credit Agreement (Carter William Co /Ga/), Credit Agreement (Kragen Auto Supply Co)

Issuance of Letters of Credit. (a) The Subject to the terms and conditions hereof, the Company may from time to time during the Revolving Credit Commitment Period request any Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, Credit denominated in Dollars by delivering to the Administrative Agent at its address specified in subsection 16.2 Section 12.2 and the Issuing Lender an L/C Application completed to the satisfaction of the Issuing Lender, together with the proposed form of the Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company that it is for any reason unable to open such Letter of Credit, the Company may request another Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents shall be deemed to be a reference to such Lender. Letters of Credit shall be denominated in Dollars.

Appears in 2 contracts

Samples: Credit Agreement (KLX Energy Services Holdings, Inc.), Credit Agreement (KLX Energy Services Holdings, Inc.)

Issuance of Letters of Credit. (a) The Company Borrower may from time to time request any the Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, C by delivering to the Administrative Agent at its address specified in subsection 16.2 and 11.2 (or such other location as the Issuing Lender an may direct) a letter of credit application in the Issuing Lender's then customary form (the "L/C Application Application") completed to the satisfaction of the Issuing Lender, together with the proposed form of the such Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information informa- tion as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company Borrower that it is for any reason unable to open such Letter of Credit, the Company Borrower may request another any Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents subsections 3.5 through 3.13, 6.1 and 6.2 shall be deemed to be a reference to such Issuing Lender.

Appears in 1 contract

Samples: Credit Agreement (Moore Corporation LTD)

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Issuance of Letters of Credit. (a) The Company may from time to time request any the Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, C by delivering to the Administrative Agent at its address specified in subsection 16.2 and 11.2 a letter of credit application in the Issuing Lender an Lender's then customary form (the "L/C Application Application") completed to the satisfaction of the Issuing Lender, together with the proposed form of the such Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company that it is for any reason unable to open such Letter of Credit, the Company may request another any Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents subsections 3.5 through 3.14, 6.1 and 6.2 shall be deemed to be a reference to such issuing Lender. As of the Effective Date the letters of credit listed on Schedule 3.5(a) shall be deemed to be Letters of Credit hereunder for all purposes issued on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Primeco Inc)

Issuance of Letters of Credit. (a) The Company may from time to time request any the Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, C by delivering to the Administrative Agent at its address specified in subsection 16.2 and 11.2 a letter of credit application in the Issuing Lender an Lender's then customary form (the "L/C Application Application") completed to the satisfaction of the Issuing Lender, together with the proposed form of the such Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company that it is for any reason unable to open such Letter of Credit, the Company may request another any Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents subsections 3.5 through 3.14, 6.1 and 6.2 shall be deemed to be a reference to such issuing Lender. The letters of credit identified on Schedule 3.5 shall at all times on and after the Closing Date be deemed to be a "Letter of Credit" or "Letters of Credit" for all purposes of this Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Falcon Building Products Inc)

Issuance of Letters of Credit. (a) The Company may from time to time request any Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, by delivering to the Administrative Agent at its address specified in subsection 16.2 11.2 and the Issuing Lender an L/C Application completed to the satisfaction of the Issuing Lender, together with the proposed form of the Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided that if the Issuing Lender informs the Company that it is for any reason unable to open such Letter of Credit, the Company may request another Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents shall be deemed to be a reference to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Citadel Broadcasting Corp)

Issuance of Letters of Credit. (a) The Company may from time to time request any an Issuing Lender Bank to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, by delivering to the Administrative Agent at its address specified in subsection 16.2 10.2 and the such Issuing Lender Bank an L/C Application completed to the satisfaction of the such Issuing LenderBank, together with the proposed form of the such Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the such Issuing Lender Bank may reasonably request; provided that if the such Issuing Lender Bank informs the Company that it is for any reason unable to open such Letter of Credit, the Company may request another Lender Issuing Bank or, if all Issuing Banks are unable to do so, any Bank to open such Letter of Credit upon the same terms offered to the initial proposed Issuing Lender Bank and if such other Lender agrees to issue such Letter of Credit each reference to the an Issuing Lender Bank for purposes of the Credit Documents shall be deemed to be a reference to such LenderBank.

Appears in 1 contract

Samples: Credit Agreement (Nextlevel Systems Inc)

Issuance of Letters of Credit. (a) The Company may from time to time request any Issuing Lender to issue a Letter of Credit, which may be either a Standby L/C or a Commercial L/C, by delivering to the Administrative Agent at its address specified in subsection 16.2 11.2 and the Issuing Lender an L/C Application completed to the satisfaction of the Issuing Lender, together with the proposed form of the Letter of Credit (which shall comply with the applicable requirements of paragraph (b) below) and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request; provided PROVIDED that if the Issuing Lender informs the Company that it is for any reason unable to open such Letter of Credit, the Company may request another Lender to open such Letter of Credit upon the same terms offered to the initial Issuing Lender and if such other Lender agrees to issue such Letter of Credit each reference to the Issuing Lender for purposes of the Credit Documents shall be deemed to be a reference to such Lender.

Appears in 1 contract

Samples: Credit Agreement (Yankee Candle Co Inc)

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