Common use of Issuances and Extensions Clause in Contracts

Issuances and Extensions. On the terms and subject to the conditions of this Agreement (including Article VI), the Issuer shall issue Letters of Credit, and extend the Stated Expiry Dates of outstanding Letters of Credit, in accordance with the Issuance Requests made therefor. The Issuer will make available the original of each Letter of Credit which it issues in accordance with the Issuance Request therefor to the beneficiary thereof (and will promptly notify each of the Lenders of the issuance) and will notify the beneficiary under any Letter of Credit of any extension of the Stated Expiry Date thereof.

Appears in 2 contracts

Samples: Credit Agreement (Simpson Industries Inc), Credit Agreement (Simpson Industries Inc)

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Issuances and Extensions. (a) On the terms and subject to the conditions of this Agreement (including Article ARTICLE VI), the Issuer shall issue Letters of Credit, and extend the Stated Expiry Dates of outstanding Letters of Credit, in accordance with the Issuance Requests made therefor. The Each Issuer will make available the original of each Letter of Credit which it issues in accordance with the Issuance Request therefor to the beneficiary thereof (and will promptly notify provide the Revolving Borrower and each of the Lenders with a copy of the issuancesuch Letter of Credit) and will notify the beneficiary under any Letter of Credit of any extension of the Stated Expiry Date or other renewal thereof.

Appears in 2 contracts

Samples: Credit Agreement (Fibreboard Corp /De), Credit Agreement (Fibreboard Corp /De)

Issuances and Extensions. On the terms and subject to the conditions of this Agreement (including Article ARTICLE VI), the Issuer shall issue Letters of Credit, and extend the Stated Expiry Dates of outstanding Letters of Credit, in accordance with the Issuance Requests made therefor. The Each Issuer will make available the original of each Letter of Credit which it issues in accordance with the Issuance Request therefor to the beneficiary thereof (and will promptly notify each of the Lenders of the issuance) and will notify the beneficiary under any Letter of Credit of any extension of the Stated Expiry Date thereof.

Appears in 1 contract

Samples: Credit Agreement (Cornerstone Propane Partners Lp)

Issuances and Extensions. (a) On the terms and subject to the conditions of this Agreement (including Article ARTICLE VI), the Issuer shall issue Letters of Credit, and extend the Stated Expiry Dates of outstanding Letters of Credit, in accordance with the Issuance Requests made therefor. The Each Issuer will make available the original of each Letter of Credit which it issues in accordance with the Issuance Request therefor to the beneficiary thereof (and will promptly notify provide the Borrower and each of the Lenders with a copy of the issuancesuch Letter of Credit) and will notify the beneficiary under any Letter of Credit of any extension of the Stated Expiry Date or other renewal thereof.

Appears in 1 contract

Samples: Credit Agreement (Fibreboard Corp /De)

Issuances and Extensions. On Subject to the terms and subject to the conditions of this Agreement (including Article VI), the Issuer Bank shall issue Letters of Credit, Credit and extend the Stated Expiry Dates of outstanding Letters of CreditCredit for additional periods of the shorter of (a) one (1) year, or (b) the Commitment Termination Date, in accordance with the Issuance Requests made therefor. The Issuer Bank will make available the original of each Letter of Credit which it issues in accordance with the Issuance Request therefor to the beneficiary thereof (and will promptly notify each of the Lenders of the issuance) and will notify the beneficiary under any Letter of Credit issued by it of any extension of the Stated Expiry Date thereof.

Appears in 1 contract

Samples: Credit Agreement (Edison Schools Inc)

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Issuances and Extensions. On the terms and subject to the conditions of this Agreement (including Article VI), the Issuer shall issue Letters of Credit, and extend extend, one or more times, the Stated Expiry Dates of outstanding Letters of Credit, in accordance with the Issuance Requests made therefor. Upon such issuance or extension, the Issuer shall promptly notify the Administrative Agent thereof. The Issuer will make available the original of each Letter of Credit which it issues in accordance with the Issuance Request therefor to the beneficiary thereof (and will promptly notify each of the Lenders of the issuance) and will notify the beneficiary under any Letter of Credit of any extension of the Stated Expiry Date thereof.

Appears in 1 contract

Samples: Credit Agreement (Amc Entertainment Inc)

Issuances and Extensions. On the terms and subject to the conditions of this Agreement (including Article ARTICLE VI), the Issuer shall issue Letters of Credit, and extend extend, one or more times, the Stated Expiry Dates of outstanding Letters of Credit, in accordance with the Issuance Requests made therefor. Upon such issuance or extension, the Issuer shall promptly notify the Administrative Agent thereof. The Issuer will make available the original of each Letter of Credit which it issues in accordance with the Issuance Request therefor to the beneficiary thereof (and will promptly notify each of the Lenders of the issuance) and will notify the beneficiary under any Letter of Credit of any extension of the Stated Expiry Date thereof.

Appears in 1 contract

Samples: Pledge Agreement (Amc Entertainment Inc)

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