Common use of Letter of Credit Procedures Clause in Contracts

Letter of Credit Procedures. The Borrower shall --------------------------- give notice to the LC Issuer and the Administrative Agent of the proposed issuance of each Letter of Credit on a Business Day which is at least three Business Days prior to the proposed date of issuance of such Letter of Credit. Each such notice shall be accompanied by a Letter of Credit Application, duly executed by the Borrower and in all respects satisfactory to the LC Issuer, together with such other documentation as the LC Issuer may reasonably request in support thereof, it being understood that each Letter of Credit Application shall specify, among other things, the date on which the proposed Letter of Credit is to be issued, the amount of the Letter of Credit, the expiration date of such Letter of Credit (which shall not be later than five Business Days prior to the Commitment Termination Date) and whether such Letter of Credit is to be transferable in whole or in part. Subject to the satisfaction of the conditions precedent set forth in Article 9, the LC Issuer shall issue such Letter of --------- Credit on the requested issuance date. The Borrower shall only be entitled to request Letters of Credit denominated in Dollars and issued solely for the purposes described in Section 5.8. -----------

Letter of Credit Procedures. The Borrower shall --------------------------- give notice --------------------------- to the LC Issuer Fronting Bank and the Administrative Agent of the proposed issuance of each Letter of Credit on a Business Day which is at least three Business Days prior to the proposed date of issuance of such Letter of Credit. Each such notice shall be accompanied by a Letter of Credit Application, duly executed by the Borrower and in all respects satisfactory to the LC IssuerFronting Bank, together with such other documentation as the LC Issuer Fronting Bank may reasonably request in support thereof, it being understood that each Letter of Credit Application shall specify, among other things, the date on which the proposed Letter of Credit is to be issued, the amount of the Letter of Credit, the expiration date of such Letter of Credit (which shall not be later than five Business Days prior to the Commitment Termination Final Maturity Date) and whether such Letter of Credit is to be transferable in whole or in part. Subject to the satisfaction of the conditions precedent set forth in Article 9VIII, the LC Issuer Fronting Bank shall issue such Letter ------------ of --------- Credit on the requested issuance date. The Borrower Letters of Credit shall only be entitled to request Letters issued for the account of Credit the Borrower, shall be denominated in US Dollars and such other currencies as may from time to time be agreed by the parties hereto, and shall be issued solely for the purposes described in Section 5.84.6. -----------In the event ------------ of a conflict between this Agreement and a Letter of Credit Application, the terms of this Agreement shall control.