Common use of Joint Signature Foreign Credit Instruments Clause in Contracts

Joint Signature Foreign Credit Instruments. (i) If a Utilization Request has been made for a Foreign Credit Instrument to be issued as a Joint Signature Foreign Credit Instrument, then the relevant Borrower will approach the relevant beneficiary to ascertain whether such beneficiary is prepared to accept a Joint Signature Foreign Credit Instrument. In case of the beneficiary’s acceptance, the Foreign Trade Facility Agent will, in close coordination with such Borrower, select the relevant Foreign Issuing Lenders (the “Joint Foreign Issuing Lenders”) prepared to issue the Joint Signature Foreign Credit Instrument and acceptable to the beneficiary.

Appears in 2 contracts

Samples: Credit Agreement (SPX Corp), Credit Agreement (SPX Corp)

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Joint Signature Foreign Credit Instruments. (i) If a Utilization Request has been made for a Foreign Credit Instrument to be issued as a Joint Signature Foreign Credit Instrument, then the relevant Borrower will approach the relevant beneficiary to ascertain whether such beneficiary is prepared to accept a Joint Signature Foreign Credit Instrument. In case of the beneficiary’s acceptance, the Foreign Trade Facility Agent will, in close coordination with such Borrower, select the relevant Bilateral Foreign Issuing Lenders or Participation Joint Foreign Issuing Lenders (the “Joint Foreign Issuing Lenders”) prepared to issue the Joint Signature Foreign Credit Instrument and acceptable to the beneficiary.

Appears in 1 contract

Samples: Credit Agreement (SPX Corp)

Joint Signature Foreign Credit Instruments. (i) If a Foreign Credit Instrument for which a Utilization Request has been made for a Foreign Credit Instrument to shall be issued as a Joint Signature Foreign Credit Instrument, then the relevant Borrower will approach the relevant beneficiary to ascertain whether such beneficiary is prepared win its preparedness to accept a Joint Signature Foreign Credit Instrument. In case of the beneficiary’s 's acceptance, the Foreign Trade Facility Agent will, in close coordination with such BorrowerBorrower and taking account of the allocation rules pursuant to Section 2.6(f), select the relevant Foreign Issuing Lenders (the "Joint Foreign Issuing Lenders") prepared to issue the Joint Signature Foreign Credit Instrument and acceptable to the beneficiary.

Appears in 1 contract

Samples: Credit Agreement (SPX Corp)

Joint Signature Foreign Credit Instruments. (i) If a Utilization Request has been made for a Foreign Credit Instrument to be issued as a Joint Signature Foreign Credit Instrument, then the relevant Borrower will approach the relevant beneficiary to ascertain whether such beneficiary is prepared to accept a Joint Signature Foreign Credit Instrument. In case of the beneficiary’s acceptance, the Foreign Trade Facility Agent will, in close coordination with such Borrower, select the relevant Bilateral Foreign Issuing Lenders or Participation Foreign Issuing Lenders (the “Joint Foreign Issuing Lenders”) prepared to issue the Joint Signature Foreign Credit Instrument and acceptable to the beneficiary.

Appears in 1 contract

Samples: Credit Agreement (SPX Corp)

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Joint Signature Foreign Credit Instruments. (i) If a Foreign Credit Instrument for which a Utilization Request has been made for a Foreign Credit Instrument to shall be issued as a Joint Signature Foreign Credit Instrument, then the relevant Borrower will approach the relevant beneficiary to ascertain whether such beneficiary is prepared win its preparedness to accept a Joint Signature Foreign Credit Instrument. In case of the beneficiary’s acceptance, the Foreign Trade Facility Agent will, in close coordination with such BorrowerBorrower and taking account of the allocation rules pursuant to Section 2.6(f), select the relevant Foreign Issuing Lenders (the “Joint Foreign Issuing Lenders”) prepared to issue the Joint Signature Foreign Credit Instrument and acceptable to the beneficiary.

Appears in 1 contract

Samples: Credit Agreement (SPX Corp)

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