Common use of Letter of Credit Reports Clause in Contracts

Letter of Credit Reports. Each Issuing Bank shall furnish (A) to the Administrative Agent (with a copy to the Borrower) on the first Domestic Business Day of each month a written report summarizing issuance and expiration dates of L/C Credit Extensions issued during the preceding month and drawings during such month under each Letter of Credit and (B) to the Administrative Agent and each Bank (with a copy to the Borrower) on the first Domestic Business Day of each calendar quarter a written report setting forth the average daily aggregate L/C Obligations during the preceding calendar quarter of all Letters of Credit.

Appears in 8 contracts

Samples: Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Revolving Credit Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

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Letter of Credit Reports. Each Issuing Bank shall furnish (A) to the Administrative Agent and each Lender (with a copy to the Borrower) on the first Domestic Business Day of each month a written report summarizing issuance Issuance and expiration dates of L/C Letters of Credit Extensions issued Issued by such Issuing Bank during the preceding month and drawings during such month under each Letter all Letters of Credit and (B) to the Administrative Agent and each Bank Lender (with a copy to the Borrower) on the first Domestic Business Day of each calendar quarter a written report setting forth the average daily aggregate L/C Obligations Available Amount during the preceding calendar quarter of all Letters of CreditCredit Issued by such Issuing Bank.

Appears in 6 contracts

Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)

Letter of Credit Reports. Each The applicable Issuing Bank shall furnish (A) to the Administrative Agent (with a copy to which shall promptly notify the Borrowerapplicable Revolving Credit Lenders) on the first Domestic Business Day of each month a written report summarizing issuance and expiration dates of L/C Letters of Credit Extensions issued under each Revolving Credit Facility during the preceding month and drawings during such month under each Letter all Letters of Credit and (B) to the Administrative Agent and each Bank (with a copy to the BorrowerCompany) on the first Domestic Business Day of each calendar quarter a written report setting forth the average daily aggregate L/C Obligations Available Amount during the preceding calendar quarter of all Letters of Credit.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De)

Letter of Credit Reports. Each Issuing Bank shall furnish (Ai) to the Administrative Agent (with a copy to the Borrower) on or about the first Domestic Business Day of each month week a written report summarizing issuance and expiration dates of L/C Letters of Credit Extensions issued by such Issuing Bank during the preceding month previous week and drawings during such month week under each Letter all Letters of Credit issued by such Issuing Bank and (Bii) to the Administrative Agent and each Bank (with a copy to the Borrower) Revolving Credit Lender on or about the first Domestic Business Day of each calendar quarter a written report setting forth the average daily aggregate L/C Obligations Available Amount during the preceding calendar quarter of all Letters of Credit.

Appears in 1 contract

Samples: First Lien Credit Agreement (Landrys Restaurants Inc)

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Letter of Credit Reports. Each The Issuing Bank shall furnish (A) to the Administrative Agent (with a which shall promptly copy such report to each of the BorrowerRevolving Credit Lenders) on the first Domestic Business Day of each month a written report summarizing issuance and expiration dates of L/C Credit Extensions issued during the preceding month and drawings during such month under each Letter of Credit and (B) to the Administrative Agent and each Bank (with a copy to the Borrower) on the first Domestic Business Day of each calendar quarter a written report setting forth (i) the issuance and expiration dates of all Letters of Credit issued during the immediately preceding calendar quarter and the drawings under all Letters of Credit outstanding during such immediately preceding calendar quarter and (ii) the average daily aggregate L/C Obligations during the preceding calendar quarter Available Amount of all Letters of CreditCredit outstanding during the immediately preceding calendar quarter.

Appears in 1 contract

Samples: Credit Agreement (Caremark Rx Inc)

Letter of Credit Reports. Each The Issuing Bank shall furnish (A) to the Administrative Agent (with a copy to the Borrower) on the first Domestic Business Day of each week a written report summarizing issuance and expiration dates of Letters of Credit during the previous week and drawings during such week under all Letters of Credit, (B) to each Lender on the first Business Day of each month a written report summarizing issuance and expiration dates of L/C Credit Extensions issued during the preceding month and drawings during such month under each Letter Letters of Credit and (BC) to the Administrative Agent and each Bank (with a copy to the Borrower) Lender on the first Domestic Business Day of each calendar quarter a written report setting forth the average daily aggregate L/C Obligations Available Amount during the preceding calendar quarter of all Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Key3media Group Inc)

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