Common use of Request for Letter of Credit Clause in Contracts

Request for Letter of Credit. Each request for a Letter of Credit shall be delivered to the Agent (and to the Fronting Lender, if the Fronting Lender is a Lender other than the Agent) by an Authorized Officer not later than 10:00 a.m. (Pacific time) three Business Days prior to the date of the proposed issuance of the Letter of Credit. Each such request shall be in a form acceptable to the Agent (and the Fronting Lender, if the Fronting Lender is a Lender other than the Agent) and shall specify the face amount thereof, whether such Letter of Credit is a commercial documentary or a standby Letter of Credit, the account party, the beneficiary, the requested date of issuance, amendment, renewal or extension, the expiry date thereof, and the nature of the transaction or obligation to be supported thereby. Concurrently with each such request, the Borrower, and any Guarantor of Payment for whose account the Letter of Credit is to be issued, shall execute and deliver to the relevant Fronting Lender an appropriate application and agreement, being in the standard form of such Fronting Lender for such letters of credit, as amended to conform to the provisions of this Agreement if required by the Agent; provided, however, even if Borrower has not executed the appropriate application and agreement, Borrower shall nonetheless be liable for all reimbursement obligations and other duties of the relevant Guarantor of Payment for whose account such Letter of Credit is issued, as if the Borrower had itself executed such application and agreement. The Agent shall give such Fronting Lender and each Lender notice of each such request for a Letter of Credit.

Request for Letter of Credit. Each request for a Letter of Credit shall be delivered to the Agent (and to the applicable Fronting Lender, if the such Fronting Lender is a Lender other than the Agent) by an Authorized Officer not later than 10:00 a.m. 11:00 A.M. (Pacific Eastern time) three Business Days prior to the date of the proposed issuance of the Letter of Credit. Each such request shall be in a form acceptable to the Agent (and the applicable Fronting Lender, if the such Fronting Lender is a Lender other than the Agent) and shall specify the face amount thereof, whether such Letter of Credit is a commercial documentary or a standby Letter of Credit, the account party, the beneficiary, the requested date of issuance, amendment, renewal or extension, the expiry date thereof, the Alternate Currency if a Letter of Credit denominated in an Alternate Currency is requested, and the nature of the transaction or obligation to be supported thereby. Concurrently with each such request, the Administrative Borrower, and any Guarantor of Payment Credit Party for whose account the Letter of Credit is to be issued, shall execute and deliver to the relevant Fronting Lender issuing such Letter of Credit an appropriate application and agreement, being in the standard form of such Fronting Lender for such letters of credit, as amended to conform to the provisions of this Agreement if required by the Agent; provided, however, even if Borrower has not executed the appropriate application and agreement, Borrower shall nonetheless be liable for all reimbursement obligations and other duties of the relevant Guarantor of Payment for whose account such Letter of Credit is issued, as if the Borrower had itself executed such application and agreement. The Agent shall give such the Fronting Lender and each Revolving Lender notice of each such request for a Letter of Credit.

Request for Letter of Credit. Each request for a Letter of Credit shall be delivered to the Agent (and to the Fronting Lender, if the Fronting Lender is a Lender other than the Agent) by an Authorized Officer not later than 10:00 a.m. 11:00 A.M. (Pacific Eastern time) three Business Days prior to the date of the proposed issuance of day upon which the Letter of CreditCredit is to be issued. Each such request shall be in a form acceptable to the Agent (and the Fronting Lender, if the Fronting Lender is a Lender other than the Agent) and shall specify the face amount thereof, whether such Letter of Credit is shall be a commercial documentary or a standby Letter of Credit, the account party, the beneficiary, the requested intended date of issuance, amendment, renewal or extension, the expiry date thereof, and the nature of the transaction or obligation to be supported thereby. Concurrently with each such request, the Borrower, and any Guarantor of Payment Credit Party for whose account the Letter of Credit is to be issued, shall execute and deliver to the relevant Fronting Lender an appropriate application and agreement, being in the standard form of such the Fronting Lender for such letters of credit, as amended to conform to the provisions of this Agreement if required by the Agent; provided, however, even if Borrower has not executed that, in the appropriate application event Fronting Lender’s usual and agreementcustomary practices for issuing Letters of Credit, Borrower shall nonetheless be liable for all reimbursement obligations or the terms and other duties conditions of the relevant Guarantor of Payment for whose account any agreement relating to any such Letter of Credit is issuedbetween Borrower and the Fronting Lender, as if conflict with the Borrower had itself executed such application terms and agreementconditions of this Agreement, the terms of this Agreement shall control. The Agent shall give such the Fronting Lender and each Lender notice of each such request for a Letter of Credit.

Request for Letter of Credit. Each request for a Letter of Credit shall be delivered to the Agent (and to the Fronting Lender, if the Fronting Lender is a Lender other than the Agent) by an Authorized Officer not later than 10:00 a.m. 11:00 A.M. (Pacific Eastern time) three Business Days prior to the date of the proposed issuance of day upon which the Letter of CreditCredit is to be issued. Each such request shall be in a form acceptable to the Agent (and to the Fronting Lender, if the Fronting Lender is a Lender other than the Agent) and shall specify the face amount thereof, whether such Letter of Credit is a commercial documentary or a standby Letter of Credit, the account party, the beneficiary, the requested intended date of issuance, amendment, renewal or extension, the expiry date thereof, and the nature of the transaction or obligation to be supported thereby. Concurrently with each such request, the Borrower, and any Guarantor of Payment for whose account the Letter of Credit is to be issued, shall execute and deliver to the relevant Fronting Lender an appropriate application and agreement, being in the standard form of such the Fronting Lender for such letters of creditcredit (which as of the Closing Date is, with respect to Agent as Fronting Lender, the Master Letter of Credit Agreement), as amended to conform to the provisions of this Agreement if required by Agent. (Unless otherwise agreed by Agent as Fronting Lender, in the Agent; provided, however, even if Borrower has not executed event of a conflict between this Agreement and the appropriate application and agreement, Borrower shall nonetheless be liable for all reimbursement obligations and other duties of the relevant Guarantor of Payment for whose account such Master Letter of Credit is issuedAgreement, as if which conflict cannot be reasonably resolved to give meaning to the Borrower had itself executed such application and agreement. The provisions of both agreements, the Master Letter of Credit Agreement will control.) Agent shall give such the Fronting Lender and each Revolving Lender notice of each such request for a Letter of Credit.