Common use of Letter of Credit Loans Clause in Contracts

Letter of Credit Loans. If the beneficiary of any Letter of ---------------------- Credit makes a draft or other demand for payment thereunder prior to the Final Maturity Date then Borrower may, during the interval between the making thereof and the honoring thereof by Issuing Bank, request Lenders to make Loans to Borrower in the amount of such draft or demand, which Loans shall be made concurrently with Issuing Bank's payment of such draft or demand and shall be immediately used by Issuing Bank to repay the amount of the resulting Matured LC Obligation. Such a request by Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of clauses (b) and (c) of the first sentence of Section 2.1 the amount of such Loans shall be considered but the amount of the Matured LC Obligation to be concurrently paid by such Loans shall not be considered.

Letter of Credit Loans. If the beneficiary of any Letter of Credit ---------------------- Credit makes a draft or other demand for payment thereunder prior to the Final Maturity Conversion Date then Borrower may, during the interval between the making thereof and the honoring thereof by Issuing Bank, request Lenders to make Revolving Loans to Borrower in the amount of such draft or demand, which Revolving Loans shall be made concurrently with Issuing Bank's payment of such draft or demand and shall be immediately used by Issuing Bank to repay the amount of the resulting Matured LC Obligation. Such a request by Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of clauses (b) and (c) of the first sentence of Section 2.1 the amount of such Revolving Loans shall be considered but the amount of the Matured LC Obligation to be concurrently paid by such Revolving Loans shall not be considered.

Letter of Credit Loans. If the beneficiary of any Letter of ---------------------- Credit makes a draft or other demand for payment thereunder prior to the Final Maturity Date thereunder, then Borrower may, during the interval between the making thereof and the honoring thereof by Issuing BankLC Issuer, request Lenders to make Revolving Loans to Borrower in the amount of such draft or demand, which Revolving Loans shall be made concurrently with Issuing Bank's LC Issuer’s payment of such draft or demand and shall be immediately used by Issuing Bank LC Issuer to repay the amount of the resulting Matured LC Obligation. Such a request by Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of clauses (b) and (c) of the first sentence of Section 2.1 2.1, the amount of such Revolving Loans shall be considered considered, but the amount of the Matured LC Obligation to be concurrently paid by such Revolving Loans shall not be considered.

Letter of Credit Loans. If the beneficiary of any Letter of ---------------------- Credit makes a draft or other demand for payment thereunder prior to the Final Maturity Date thereunder, then Borrower may, during the interval between the making thereof and the honoring thereof by Issuing BankLC Issuer, request Lenders to make Revolving Loans to Borrower in the amount of such draft or demand, which Revolving Loans shall be made concurrently with Issuing Bank's LC Issuer’s payment of such draft or demand and shall be immediately used by Issuing Bank LC Issuer to repay the amount of the resulting Matured LC Obligation. Such a request by Borrower shall be made in compliance with all of the provisions hereof, provided that for the purposes of clauses (b) and (c) of the first sentence of Section 2.1 2.1(a), the amount of such Revolving Loans shall be considered considered, but the amount of the Matured LC Obligation to be concurrently paid by such Revolving Loans shall not be considered.