Common use of Reporting Obligations of L/C Issuers Clause in Contracts

Reporting Obligations of L/C Issuers. Each L/C Issuer agrees to provide Funding Agent, in form and substance satisfactory to Funding Agent, each of the following on the following dates: (i) (A) on or prior to any issuance of any Letter of Credit by such L/C Issuer, (B) immediately after any drawing under any such Letter of Credit or (C) immediately after payment (or failure to pay when due) by Borrowers of any related Letter of Credit Obligation, notice thereof, which shall contain a reasonably detailed description of such issuance, drawing or payment, and Funding Agent shall provide copies of such notices to each Lender reasonably promptly after receipt thereof; (ii) upon the request of Funding Agent (or any Lender through Funding Agent), copies of any Letter of Credit issued by such L/C Issuer and any related Letter of Credit reimbursement agreement and such other documents and information as may be reasonably requested by Funding Agent; and (iii) on the first Business Day of each calendar week, a schedule of the Letters of Credit issued by such L/C Issuer, in form and substance reasonably satisfactory to Funding Agent, setting forth the Letter of Credit Obligations for such Letters of Credit outstanding on the last Business Day of the previous calendar week.

Appears in 2 contracts

Samples: Revolving Loan Credit Agreement (Visteon Corp), Revolving Loan Credit Agreement (Visteon Corp)

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Reporting Obligations of L/C Issuers. Each L/C Issuer agrees to provide Funding Agentthe Administrative Agent (which, after receipt, the Administrative Agent shall provide to each Lender), in form and substance satisfactory to Funding the Administrative Agent, each of the following on the following dates: (i) (A) on or prior to (A) any issuance Issuance of any Letter of Credit by such L/C Issuer, (B) immediately after any drawing under any such Letter of Credit or (C) immediately after any payment (or failure to pay when due) by Borrowers the Borrower of any related Letter of Credit L/C Reimbursement Obligation, notice thereof, which shall contain a reasonably detailed description of such issuanceIssuance, drawing or payment, and Funding Agent shall provide copies of such notices to each Lender reasonably promptly after receipt thereof; (ii) upon the request of Funding the Administrative Agent (or any Lender through Funding the Administrative Agent), copies of any Letter of Credit issued Issued by such L/C Issuer and any related Letter of Credit reimbursement agreement L/C Reimbursement Agreement and such other documents and information as may reasonably be reasonably requested by Funding the Administrative Agent; and , (iii) on the first Business Day of each calendar week, a schedule of the Letters of Credit issued Issued by such L/C Issuer, in form and substance reasonably satisfactory to Funding the Administrative Agent, setting forth the Letter of Credit L/C Obligations for such Letters of Credit outstanding on the last Business Day of the previous calendar week and (iv) at the close of business on each Business Day of each calendar week, a schedule setting forth (as of such date) the L/C Obligations of the Borrower, the Pro Rata Outstandings of each Lender and the Euro Equivalent of each Issued Letter of Credit denominated in a Specified Currency.

Appears in 2 contracts

Samples: Credit Agreement (Hill International, Inc.), Credit Agreement (Hill International, Inc.)

Reporting Obligations of L/C Issuers. Each L/C Issuer agrees to provide Funding Agentthe Administrative Agent (which, after receipt, the Administrative Agent shall provide to each Lender), in form and substance satisfactory to Funding the Administrative Agent, each of the following on the following dates: (i) (A) on or prior to (A) any issuance Issuance of any Letter of Credit by such L/C Issuer, (B) immediately after any drawing under any such Letter of Credit or (C) immediately after any payment (or failure to pay when due) by Borrowers the Borrower of any related Letter of Credit L/C Reimbursement Obligation, notice thereof, which shall contain a reasonably detailed description of such issuanceIssuance, drawing or payment, and Funding Agent shall provide copies of such notices to each Lender reasonably promptly after receipt thereof; (ii) upon the request of Funding the Administrative Agent (or any Lender through Funding the Administrative Agent), copies of any Letter of Credit issued Issued by such L/C Issuer and any related Letter of Credit reimbursement agreement L/C Reimbursement Agreement and such other documents and information as may reasonably be reasonably requested by Funding Agent; the Administrative Agent and (iii) on the first Business Day of each calendar week, a schedule of the Letters of Credit issued Issued by such L/C Issuer, in form and substance reasonably satisfactory to Funding the Administrative Agent, setting forth the Letter of Credit L/C Obligations for such Letters of Credit outstanding on the last Business Day of the previous calendar week.

Appears in 1 contract

Samples: Credit Agreement (Hill International, Inc.)

Reporting Obligations of L/C Issuers. Each L/C Issuer agrees to provide Funding Agentthe Applicable Administrative Agent (which, after receipt, the Applicable Administrative Agent shall provide to each Revolving Credit Lender), in form and substance satisfactory to Funding the Applicable Administrative Agent, each of the following on the following dates: (i) (A) on or prior to (A) any issuance Issuance of any Letter of Credit by such L/C Issuer, (B) immediately after any drawing under any such Letter of Credit or (C) immediately after any payment (or failure to pay when due) by Borrowers the Borrower of any related Letter of Credit L/C Reimbursement Obligation, notice thereof, which shall contain a reasonably detailed description of such issuanceIssuance, drawing or payment, and Funding Agent shall provide copies of such notices to each Lender reasonably promptly after receipt thereof; (ii) upon the request of Funding the Applicable Administrative Agent (or any Revolving Credit Lender through Funding the Applicable Administrative Agent), copies of any Letter of Credit issued Issued by such L/C Issuer and any related Letter of Credit reimbursement agreement L/C Reimbursement Agreement and such other documents and information as may reasonably be reasonably requested by Funding Agent; the Applicable Administrative Agent and (iii) on the first Business Day of each calendar week, a schedule of the Letters of Credit issued Issued by such L/C Issuer, in form and substance reasonably satisfactory to Funding the Applicable Administrative Agent, setting forth the Letter of Credit L/C Obligations for such Letters of Credit outstanding on the last Business Day of the previous calendar week.

Appears in 1 contract

Samples: Credit Agreement (Alere Inc.)

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Reporting Obligations of L/C Issuers. Each L/C Issuer agrees to provide Funding Agentthe Administrative Agent (which, after receipt, the Administrative Agent shall provide to each U.S. Lender), in form and substance satisfactory to Funding the Administrative Agent, each of the following on the following dates: (i) (A) on or prior to (x) any issuance Issuance of any Letter of Credit by such L/C Issuer, (By) immediately after any drawing under any such Letter of Credit or (Cz) immediately after any payment (or failure to pay when due) by the U.S. Borrowers of any related Letter of Credit L/C Reimbursement Obligation, notice thereof, which shall contain a reasonably detailed description of such issuanceIssuance, drawing or payment, and Funding Agent shall provide copies of such notices to each Lender reasonably promptly after receipt thereof; (ii) upon the request of Funding the Administrative Agent (or any U.S. Lender through Funding the Administrative Agent), copies of any Letter of Credit issued Issued by such L/C Issuer and any related Letter of Credit reimbursement agreement L/C Reimbursement Agreement and such other documents and information as may reasonably be reasonably requested by Funding Agent; the Administrative Agent and (iii) on the first Business Day of each calendar week, a schedule of the Letters of Credit issued Issued by such L/C Issuer, in form and substance reasonably satisfactory to Funding the Administrative Agent, setting forth the Letter forth, as of Credit Obligations for such Letters of Credit outstanding on the last Business Day of the previous calendar week, the L/C Obligations for all such Letters of Credit, listing separately the L/C Obligations for each Documentary Letter of Credit and Standby Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Bombay Company Inc)

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