Common use of Procedure for Issuance of Letters of Credit Clause in Contracts

Procedure for Issuance of Letters of Credit. Any Borrower may request that the Bank issue a Letter of Credit at any time prior to the date which is thirty (30) days prior to the Revolving Loans Maturity Date by delivering to the Bank a Letter of Credit Application at its address for notices specified herein a Letter of Credit Application therefor, completed to the reasonable satisfaction of the Bank, together with such other certificates, documents and other papers and information as the Bank may reasonably request. Upon receipt of any Letter of Credit Application, the Bank will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Bank be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Bank and such Borrower. The Bank shall furnish a copy of such Letter of Credit to such Borrower promptly following the issuance thereof.

Appears in 2 contracts

Samples: Credit Agreement (Deckers Outdoor Corp), Revolving Credit Agreement (Deckers Outdoor Corp)

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Procedure for Issuance of Letters of Credit. Any Borrower The Parent may from time to time request that the Issuing Bank issue a Letter of Credit at any time prior to the date which is thirty (30) days prior to the Revolving Loans Maturity Date by delivering to the Issuing Bank a Letter of Credit Application at its address for notices specified herein a Letter of Credit an Application therefor, completed to the reasonable satisfaction of the Issuing Bank, together with and such other certificates, documents and other papers and information as may be customary for letters of credit of the kind being requested and as the Issuing Bank may reasonably request. Upon receipt of any Letter of Credit Application, the Issuing Bank will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Bank be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Issuing Bank and such Borrowerthe Parent. The Issuing Bank shall furnish a copy of such Letter of Credit to such Borrower the Parent promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Sybron International Corp)

Procedure for Issuance of Letters of Credit. Any Borrower Borrowers may request that the Bank an Issuer issue a Letter of Credit at any time prior to the date which is thirty (30) 30 days prior to the Revolving Loans Maturity Date by delivering to the Bank Agent a Letter of Credit Application at its address for notices specified herein a Letter of Credit Application therefor, completed to the reasonable satisfaction of the Bankapplicable Issuer, together with such other certificates, documents and other papers and information as the Bank such Issuer may reasonably request. Upon receipt of any Letter of Credit Application, the Bank applicable Issuer will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Bank such Issuer be required to issue any Letter of Credit earlier than three (3) 3 Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Bank such Issuer and such BorrowerBorrowers. The Bank applicable Issuer shall furnish a copy of such Letter of Credit to such Borrower Borrowers promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Auxilio Inc)

Procedure for Issuance of Letters of Credit. Any Administrative Borrower may request that the Bank issue a Letter of Credit at any time prior to the date which is thirty (30) 30 days prior to the Revolving Loans Maturity Date by delivering to the Bank a Letter of Credit Application at its address for notices specified herein a Letter of Credit Application therefor, completed to the reasonable satisfaction of the Bank, together with such other certificates, documents and other papers and information as the Bank may reasonably request. Upon receipt of any Letter of Credit Application, the Bank will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Bank be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Bank and such BorrowerBorrowers. The Bank shall furnish a copy of such Letter of Credit to such Borrower Borrowers promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Digital Turbine, Inc.)

Procedure for Issuance of Letters of Credit. Any Borrower Borrowers may request that the Bank issue a Letter of Credit at any time prior to the date which that is thirty (30) days prior to the Revolving Loans Maturity Date by delivering to the Bank a Letter of Credit Application at its address for notices specified herein a Letter of Credit Application therefor, completed to the reasonable satisfaction of the Bank, together with such other certificates, documents and other papers and information as the Bank may reasonably request. Upon receipt of any Letter of Credit Application, the Bank will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Bank be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Bank and such BorrowerBorrowers. The Bank shall furnish a copy of such Letter of Credit to such Borrower Borrowers promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Jakks Pacific Inc)

Procedure for Issuance of Letters of Credit. Any The Borrower may from time to time request that the Issuing Bank issue a Letter of Credit at any time prior to the date which is thirty (30) days prior to the Revolving Loans Maturity Date by delivering to the Issuing Bank a Letter of Credit Application at its address for notices specified herein a Letter of Credit an Application therefor, completed to the reasonable satisfaction of the Issuing Bank, together with and such other certificates, documents and other papers and information as the Issuing Bank may reasonably request. Upon receipt of any Letter of Credit Application, the Issuing Bank will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Bank be required to issue any Letter of Credit (a) if the conditions precedent to the issuance of such Letter of Credit contained in subsection 5.2 are not satisfied and (b) earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Issuing Bank and such the Borrower. The Issuing Bank shall furnish a copy of such Letter of Credit to such the Borrower promptly following the issuance thereof.

Appears in 1 contract

Samples: Revolving Credit Agreement (Camelot Music Holdings Inc)

Procedure for Issuance of Letters of Credit. Any The Borrower may shall request that the such Issuing Bank issue a Letter of Credit at any time prior to the date which is thirty (30) days prior to the Revolving Loans Maturity Date by delivering to the such Issuing Bank a Letter of Credit Application at its address for notices specified herein a Letter of Credit an Application therefor, completed to the reasonable satisfaction of the Issuing Bank, together with and such other certificates, documents and other papers and information as the Issuing Bank may reasonably request. Upon receipt of any Letter of Credit Application, the Issuing Bank will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Issuing Bank and the Borrower; provided that the Issuing Bank shall in no event shall the Bank be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing . In the original of such event that the Letter of Credit to be issued is a Standby Letter of Credit, the beneficiary thereof or as otherwise may be agreed by the Bank and such Borrower. The Issuing Bank shall furnish a copy of such Standby Letter of Credit to such each of the Administrative Agent and the Borrower promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Computer Data Systems Inc)

Procedure for Issuance of Letters of Credit. Any Borrower may request that the Bank Issuing Lender issue a Letter of Credit at any time prior to the date which is thirty (30) days prior to the Revolving Loans Maturity Date by delivering to the Bank Issuing Lender a Letter of Credit Application at its address for notices specified herein a Letter of Credit Application therefor, completed to the reasonable satisfaction of the BankIssuing Lender, together with such other certificates, documents and other papers and information as the Bank Issuing Lender may reasonably request. Upon receipt of any Letter of Credit Application, the Bank Issuing Lender will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Bank Issuing Lender be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor therefore and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Bank Issuing Lender and such Borrower. The Bank Issuing Lender shall furnish a copy of such Letter of Credit to such Borrower promptly following the issuance thereof.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Motorcar Parts America Inc)

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Procedure for Issuance of Letters of Credit. Any Borrower may request that the Bank issue a Letter of Credit at any time prior to the date which is thirty (30) days prior to the Revolving Loans Maturity Date by delivering to the Bank a Letter of Credit Application Request at its address for notices specified herein a Letter of Credit Application Request therefor, completed to the reasonable satisfaction of the Bank, together with such other certificates, documents and other papers and information as the Bank may reasonably request. Upon receipt of any Letter of Credit ApplicationRequest, the Bank will process such Letter of Credit Application Request and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Bank be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application Request therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Bank and such Borrower. The Bank shall furnish a copy of such Letter of Credit to such Borrower promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Universal Electronics Inc)

Procedure for Issuance of Letters of Credit. Any Borrower may request that the Bank issue a Letter of Credit at any time prior to the date which is thirty (30) days prior to the Revolving Loans Maturity Date by delivering to the Bank a Letter of Credit Application at its address for notices specified herein a Letter of Credit Application therefor, completed to the reasonable satisfaction of the Bank, together with such other certificates, documents and other papers and information as the Bank may reasonably request. Upon receipt of any Letter of Credit Application, the Bank will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Bank be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Bank and such Borrower. The Bank shall furnish a copy of such Letter of Credit to such Borrower promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Deckers Outdoor Corp)

Procedure for Issuance of Letters of Credit. Any Borrower may request that the Bank issue a Letter of Credit at any time prior to the date which is thirty (30) days prior to the Revolving Loans Maturity Date by delivering to the Bank a Letter of Credit Application at its address for notices specified herein a Letter of Credit Application therefor, completed to the reasonable satisfaction of the Bank, together with such other certificates, documents and other papers and information as the Bank may reasonably request. Upon receipt of any Letter of Credit Application, the Bank will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Bank be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Bank and such Borrower. The Bank shall furnish a copy of such Letter of Credit to such Borrower promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Matrixx Initiatives Inc)

Procedure for Issuance of Letters of Credit. Any The Borrower may request that the Bank Issuing Lender issue a Letter of Credit at any time prior to the date which is thirty (30) days fifth Business Day prior to the Revolving Loans Maturity Date July 31, 2003 by delivering to the Bank a Letter of Credit Application Issuing Lender at its address for notices specified herein a Letter of Credit Application therefor, completed to the reasonable satisfaction of the BankIssuing Lender, together with and such other certificates, documents and other papers and information as the Bank Issuing Lender may reasonably request. Upon receipt of any Letter of Credit Application, the Bank Issuing Lender will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Bank Issuing Lender be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Bank Issuing Lender and such the Borrower. The Bank Issuing Lender shall furnish a copy of such Letter of Credit to such the Borrower promptly following the issuance thereof.

Appears in 1 contract

Samples: Credit Agreement (Digital Television Services of Kansas LLC)

Procedure for Issuance of Letters of Credit. Any The Borrower may from time to time request that the Issuing Bank issue a Letter of Credit at any time prior to the date which is thirty (30) days prior to the Revolving Loans Maturity Date for its own account by delivering to the Issuing Bank a Letter of Credit Application at its address for notices specified herein a Letter of Credit an Application therefor, completed to the reasonable satisfaction of the Issuing Bank, together with and such other certificates, documents and other papers and information as the Issuing Bank may reasonably request. Upon receipt of any Letter of Credit Application, the Issuing Bank will process such Letter of Credit Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event event, other than those Letters of Credit set forth on Schedule 2.5 to be issued on the Closing Date, shall the Issuing Bank be required to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Bank and such Borrower. The Bank shall furnish a copy of such Letter of Credit to such Borrower promptly following the issuance thereof.as

Appears in 1 contract

Samples: Credit Agreement (Astor Holdings Ii Inc)

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