Common use of LC Application Clause in Contracts

LC Application. Borrower shall request each Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing Bank, appropriately completed (an “LC Application”), which specifies, among other things: (A) The available amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars ($1,000,000)); (B) The name and address of the beneficiary of the requested Letter of Credit; (C) The expiration date of the requested Letter of Credit; (D) The documentary conditions for drawing under the requested Letter of Credit; and (E) The date of issuance for the requested Letter of Credit, which shall be a Business Day. Borrower shall give each LC Application to Issuing Bank at least two (2) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by first-class mail or facsimile to Agent and Issuing Bank at their respective offices or facsimile numbers and during the hours specified in Paragraph 8.01; provided, however, that Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Lender of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants), the terms of this Agreement shall control.

Appears in 2 contracts

Sources: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

LC Application. Borrower shall request each Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing Bank, appropriately completed (an "LC Application"), which specifies, among other things: (Ai) The available stated amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum in a face amount which may over time be drawn under the of not less than Five Hundred Thousand Dollars ($500,000) for each requested Letter of Credit and (2) shall not only be less than One Million Dollars ($1,000,000))issued in United States Dollars; (Bii) The name and address of the beneficiary of the requested Letter of Credit; (Ciii) The expiration date of the requested Letter of Credit; (Div) The documentary conditions for drawing under the requested Letter of Credit; and; (Ev) The date of issuance for the requested Letter of Credit, which shall be a Business Day; and (vi) The aggregate amount available for drawing under all Letters of Credit then outstanding. Borrower shall give each LC Application to Issuing Bank at least two three (23) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by first-class mail or facsimile to Agent and Issuing Bank at their respective offices or facsimile numbers and during the hours specified in Paragraph 8.01; provided, however, that Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Lender of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants)Application, the terms of this Agreement shall control.

Appears in 2 contracts

Sources: Annual Report, Credit Agreement (Lam Research Corp)

LC Application. A Borrower shall request each a Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing Bank, appropriately completed (an “LC Application”), which specifies, among other things: (A) The available amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars ($1,000,000) (or the Dollar Equivalent thereof)), and the Currency of such requested Letter of Credit; (B) The name and address of the beneficiary of the requested Letter of Credit; (C) The expiration date of the requested Letter of Credit; (D) The documentary conditions for drawing under the requested Letter of Credit; and; (E) The date of issuance for the requested Letter of Credit, which shall be a Business Day; and (F) The applicable Borrower for such Letter of Credit. The applicable Borrower shall give each LC Application to Issuing Bank at least two (2) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by first-class mail or facsimile to Agent and Issuing Bank at their respective offices or facsimile numbers and during the hours specified in Paragraph 8.01; provided, however, that the applicable Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Lender of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants), the terms of this Agreement shall control.

Appears in 2 contracts

Sources: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

LC Application. Borrower shall request each Letter of Credit by delivering to Issuing Lender (with a copy to Agent, if Agent and is not the Issuing Bank Lender) an irrevocable written application in a form reasonably acceptable to Issuing BankLender (it being understood that such form shall not contain terms inconsistent with the terms set forth in this Restated Credit Agreement), appropriately completed (an "LC Application"), which specifies, among other things: (Ai) The available stated amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars ($1,000,000))Credit; (Bii) The name and address of the beneficiary of the requested Letter of Credit; (Ciii) The expiration date of the requested Letter of CreditCredit if such date is prior to the LC Facility Expiration Date; (Div) The documentary conditions for drawing under the requested Letter of Credit; and; (Ev) The date of issuance for the requested Letter of Credit, which shall be a Business Day; and (vi) The aggregate amount which will be available for drawing under all outstanding Letters of Credit (including the requested Letter of Credit), which amount shall not exceed the LC Commitment. Borrower shall give each LC Application to Issuing Bank Lender at least two three (23) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by an established express courier service, first-class mail or facsimile to Issuing Lender with a copy thereof to Agent and Issuing Bank at their respective offices or facsimile numbers and during the hours specified in Paragraph 8.01; provided, however, that Borrower shall promptly deliver to Issuing Bank Lender the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Lender of the contents of each LC Application. In the event of any conflict between the terms of this Restated Credit Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants)Application, the terms of this Restated Credit Agreement shall control.

Appears in 1 contract

Sources: Credit Agreement (Bell Microproducts Inc)

LC Application. Borrower shall request each Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing Bank, appropriately completed (an "LC Application"), which specifies, among other things: (A) The available amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars ($1,000,000)); (B) The name and address of the beneficiary of the requested Letter of Credit; (C) The expiration date of the requested Letter of Credit; (D) The documentary conditions for drawing under the requested Letter of Credit; and (E) The date of issuance for the requested Letter of Credit, which shall be a Business Day. Borrower shall give each LC Application to Issuing Bank at least two (2) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by first-class mail or facsimile to Agent and Issuing Bank at their respective offices or facsimile numbers and during the hours specified in Paragraph 8.01; provided, however, that Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Facility A Lender of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including including, without limitation, terms with respect to fees and covenants), the terms of this Agreement shall control.

Appears in 1 contract

Sources: Credit Agreement (Flextronics International LTD)

LC Application. Borrower Borrowers shall request each Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing Bank, appropriately completed (an "LC Application"), which specifies, among other things: (A) The available amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars ($1,000,000) (or the Dollar Equivalent thereof)), and the Currency of such requested Letter of Credit; (B) The name and address of the beneficiary of the requested Letter of Credit; (C) The expiration date of the requested Letter of Credit; (D) The documentary conditions for drawing under the requested Letter of Credit; and; (E) The date of issuance for the requested Letter of Credit, which shall be a Business Day; and (F) The applicable Borrower for such Letter of Credit. The applicable Borrower shall give each LC Application to Issuing Bank at least two (2) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by first-class mail or facsimile to Agent and Issuing Bank at their respective offices or facsimile numbers and during the hours specified in Paragraph 8.01; provided, however, that the applicable Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Lender of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants), the terms of this Agreement shall control.

Appears in 1 contract

Sources: Credit Agreement (Flextronics International LTD)

LC Application. Borrower shall request each Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing Bank, appropriately completed (an “LC Application”), which specifies, among other things: (Ai) The available stated amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars ($1,000,000))Credit; (Bii) The name and address of the beneficiary of the requested Letter of Credit; (Ciii) The expiration date of the requested Letter of Credit; (Div) The documentary conditions for drawing under the requested Letter of Credit; and; (Ev) The date of issuance for the requested Letter of Credit, which shall be a Business Day; and (vi) The aggregate amount available for drawing under all Letters of Credit then outstanding. Borrower shall give each LC Application to Issuing Bank at least two three (23) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by first-class mail or facsimile to Agent and Issuing Bank at their respective offices the office or facsimile numbers number and during the hours specified in Paragraph 8.01; provided, however, that Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Lender of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any the LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants)Application, the terms of this Agreement shall control.

Appears in 1 contract

Sources: Credit Agreement (Par Petroleum Corp/Co)

LC Application. Borrower shall request each Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing BankBank (it being understood that such form shall not contain terms inconsistent with the terns set forth in this Agreement), appropriately completed (an "LC Application"), which specifies, among other things: (Ai) The available stated amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars ($1,000,000))Credit; (Bii) The name and address of the beneficiary of the requested Letter of Credit; (Ciii) The expiration date of the requested Letter of Credit; (Div) The documentary conditions for drawing under the requested Letter of Credit; and; (Ev) The date of issuance for the requested Letter of Credit, which shall be a Business Day; and (vi) The aggregate amount available for drawing under all Letters of Credit then outstanding. Borrower shall give each LC Application to Issuing Bank at least two three (23) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by an established express courier service, first-class mail or facsimile to Agent and Issuing Bank at their respective offices or facsimile numbers and during the hours specified in Paragraph 8.01; provided, however, that Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Lender Bank of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants)Application, the terms of this Agreement shall control.

Appears in 1 contract

Sources: Credit Agreement (Indus International Inc)

LC Application. Borrower shall request each Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing Bank, appropriately completed by an Authorized Representative (an “LC Application”), which specifies, among other things: (Ai) The available stated amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars ($1,000,000))Credit; (Bii) The name and address of the beneficiary of the requested Letter of Credit; (Ciii) The expiration date of the requested Letter of Credit; (Div) The documentary conditions for drawing under the requested Letter of Credit; and; (Ev) The date of issuance for the requested Letter of Credit, which shall be a Business Day; and (vi) The aggregate amount available for drawing under all Letters of Credit then outstanding. Borrower shall give each LC Application to Issuing Bank at least two three (23) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by first-class mail or facsimile to Agent and Issuing Bank at their respective offices the office or facsimile numbers number and during the hours specified in Paragraph 8.01; provided, however, that Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Lender of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any the LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants)Application, the terms of this Agreement shall control.

Appears in 1 contract

Sources: Credit Agreement (Par Petroleum Corp/Co)

LC Application. Borrower shall request each Letter of Credit by delivering to Agent and Issuing Bank (with a copy to Administrative Agent) an irrevocable written application in a form reasonably acceptable to Issuing BankBank (it being understood that such form shall not contain terms inconsistent with the terms set forth in this Restated Credit Agreement), appropriately completed (an "LC Application"), which specifies, among other things: (Ai) The available stated amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars ($1,000,000))Credit; (Bii) The name and address of the beneficiary of the requested Letter of Credit; (Ciii) The expiration date of the requested Letter of CreditCredit if such date is prior to the LC Facility Expiration Date; (Div) The documentary conditions for drawing under the requested Letter of Credit; and; (Ev) The date of issuance for the requested Letter of Credit, which shall be a Business Day; and (vi) The aggregate amount which will be available for drawing under all outstanding Letters of Credit (including the requested Letter of Credit), which amount shall not exceed the LC Commitment. Borrower shall give each LC Application to Issuing Bank at least two three (23) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by an established express courier service, first-class mail or facsimile to Agent and Issuing Bank with a copy thereof to Administrative Agent at their respective offices or facsimile numbers and during the hours specified in Paragraph 8.01; provided, however, that Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Administrative Agent shall promptly notify each Lender Bank of the contents of each LC Application. In the event of any conflict between the terms of this Restated Credit Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants)Application, the terms of this Restated Credit Agreement shall control.

Appears in 1 contract

Sources: Credit Agreement (Bell Microproducts Inc)

LC Application. Borrower shall request each Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing Bank, appropriately completed (an "LC Application"), which specifies, among other things: (A) The available amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars ($1,000,000)); (B) The name and address of the beneficiary of the requested Letter of Credit; (C) The expiration date of the requested Letter of Credit; (D) The documentary conditions for drawing under the requested Letter of Credit; and (E) The date of issuance for the requested Letter of Credit, which shall be a Business Day. Borrower shall give each LC Application to Issuing Bank at least two (2) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by first-class mail or facsimile to Agent and Issuing Bank at their respective offices or facsimile numbers and during the hours specified in Paragraph 8.01; provided, however, that Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Lender of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants), the terms of this Agreement shall control.

Appears in 1 contract

Sources: Credit Agreement (Flextronics International LTD)

LC Application. Borrower Borrowers shall request each Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing Bank, appropriately completed (an "LC Application"), which specifies, among other things: (A) The available amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum amount which may over time be drawn under the Letter of Credit and (2) shall not be less than One Million Dollars $1,000,000 ($1,000,000or the Dollar Equivalent thereof)), and the currency of such requested Letter of Credit; (B) The name and address of the beneficiary of the requested Letter of Credit; (C) The expiration date of the requested Letter of Credit; (D) The documentary conditions for drawing under the requested Letter of Credit; and; (E) The date of issuance for the requested Letter of Credit, which shall be a Business Day; and (F) The applicable Borrower for such Letter of Credit. The applicable Borrower shall give each LC Application to Issuing Bank at least two (2) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by first-class mail or facsimile to Agent and Issuing Bank at their respective offices or facsimile numbers and during the hours specified in Paragraph 8.01; provided, however, that the applicable Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Facility A Lender of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including including, without limitation, terms with respect to fees and covenants), the terms of this Agreement shall control.

Appears in 1 contract

Sources: Credit Agreement (Flextronics International LTD)

LC Application. Borrower shall request each Letter of Credit by delivering to Agent and Issuing Bank an irrevocable written application in a form reasonably acceptable to Issuing Bank, appropriately completed (an "LC Application”APPLICATION"), which specifies, among other things: (Ai) The available stated amount of the requested Letter of Credit (which amount available (1) shall be equal to the maximum in a face amount which may over time be drawn under the of not less than Five Hundred Thousand Dollars ($500,000) for each requested Letter of Credit and (2) shall not only be less than One Million Dollars ($1,000,000))issued in United States Dollars; (Bii) The name and address of the beneficiary of the requested Letter of Credit; (Ciii) The expiration date of the requested Letter of Credit; (Div) The documentary conditions for drawing under the requested Letter of Credit; and; (Ev) The date of issuance for the requested Letter of Credit, which shall be a Business Day; and (vi) The aggregate amount available for drawing under all Letters of Credit then outstanding. Borrower shall give each LC Application to Issuing Bank at least two three (23) Business Days before the proposed date of issuance of the requested Letter of Credit. Each LC Application shall be delivered by first-class mail or facsimile to Agent and Issuing Bank at their respective offices or facsimile numbers and during the hours specified in Paragraph PARAGRAPH 8.01; providedPROVIDED, howeverHOWEVER, that Borrower shall promptly deliver to Issuing Bank the original of any LC Application initially delivered by facsimile. Agent shall promptly notify each Lender of the contents of each LC Application. In the event of any conflict between the terms of this Agreement and the terms of any LC Application or any agreement (other than any Letter of Credit) related thereto (including terms with respect to fees and covenants)Application, the terms of this Agreement shall control.

Appears in 1 contract

Sources: Credit Agreement (Lam Research Corp)