Common use of Request for Letters of Credit Clause in Contracts

Request for Letters of Credit. Borrowing Agent shall give Agent at least three (3) Business Days prior notice specifying the date a Lender Letter of Credit is to be issued, identifying the beneficiary and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter of Credit being requested. Any Letter of Credit which Borrowing Agent requests must be in such form, be for such amount, contain such terms and support such transactions as are reasonably satisfactory to Agent. The expiration date of each Lender Letter of Credit shall be on a date which is at least thirty (30) days prior to the Termination Date, unless otherwise agreed to by Agent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Rocky Brands, Inc.), Loan and Security Agreement (BNS Holding, Inc.), Loan and Security Agreement (Rocky Shoes & Boots Inc)

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Request for Letters of Credit. Borrowing Agent Borrower shall give Agent at least three one (31) Business Days prior notice specifying the date a Lender Letter of Credit is to be issued, identifying the beneficiary and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter letter of Credit credit being requested. Any Letter letter of Credit credit which Borrowing Agent Borrower requests must be in such form, be for such amount, contain such terms and support such transactions as are reasonably satisfactory to Agent. The expiration date of each Lender Letter of Credit shall be on a date which is at least thirty (30) 30 days prior to the Termination Date, unless otherwise agreed to by Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Skechers Usa Inc)

Request for Letters of Credit. Borrowing Agent Borrower shall give Agent at least three (3) Business Days prior notice specifying the date a Lender Letter of Credit is to be issued, identifying the beneficiary and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter letter of Credit credit being requested. Any Letter letter of Credit credit which Borrowing Agent Borrower requests must be in such form, be for such amount, contain such terms and support such transactions as are reasonably satisfactory to Agent. The expiration date of each Lender Letter of Credit shall be on a date which is at least thirty (30) days prior to the Termination Date, unless otherwise agreed to by Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Banctec Inc)

Request for Letters of Credit. Borrowing Agent U.S. Borrower shall give Agent at ----------------------------- least three (3) Business Days prior notice specifying the date a Lender Letter of Credit is to be issued, identifying the beneficiary and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter letter of Credit credit being requested. Any Letter letter of Credit credit which Borrowing Agent U.S. Borrower requests must be in such form, be for such amount, contain such terms and support such transactions as are reasonably satisfactory to Agent. The expiration date of each Lender Letter of Credit shall be on a date which is at least thirty (30) 30 days prior to the Termination Date, unless otherwise agreed to by Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Hawker Pacific Aerospace)

Request for Letters of Credit. Borrowing Agent Borrower shall give Agent at least three (3) Business Days prior notice specifying the date a Lender Letter of Credit is to be issued, identifying the beneficiary and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter letter of Credit credit being requested. Any Letter letter of Credit credit which Borrowing Agent Borrower requests must be in such form, be for such amount, contain such terms and support such transactions as are reasonably satisfactory to Agent. The expiration date of each Lender Letter of Credit shall be on a date which is at least thirty (30) 30 days prior to the Termination Date, unless otherwise agreed to by Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Rankin Automotive Group Inc)

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Request for Letters of Credit. Borrowing Agent Borrower shall give ----------------------------- Agent at least three (3) Business Days prior notice specifying the date a Lender Letter of Credit is to be issued, identifying the beneficiary and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter letter of Credit credit being requested. Any Letter letter of Credit credit which Borrowing Agent Borrower requests must be in such form, be for such amount, contain such terms and support such transactions as are reasonably satisfactory to Agent. The expiration date of each Lender Letter of Credit shall be on a date which is at least thirty (30) days prior to the Termination Date, unless otherwise agreed to by Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Banctec Inc)

Request for Letters of Credit. Borrowing Agent Borrower shall give Agent at least three five (35) Business Days prior notice specifying the date a Lender Letter of Credit is to be issued, identifying the beneficiary and describing the nature of the transactions proposed to be supported thereby. The notice shall be accompanied by the form of the Letter of Credit being requested. Any Letter of Credit which Borrowing Agent Borrower requests must be in such form, be for such amount, contain such terms and support such transactions as are reasonably satisfactory to Agent. The expiration date of each Lender Letter of Credit shall be on a date which is at least thirty (30) days prior to the Termination Revolving Loan Maturity Date, unless otherwise agreed to by Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Pizza Inn Holdings, Inc /Mo/)

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