Issuance of the Letter of Credit. 2.2.1.1 Subject to the terms and conditions set forth in this Agreement and the applicable LC Application, each LC Issuing Bank shall, during the Availability Period on each Banking Day specified in a Notice of LC Activity described in Section 2.2.3, issue Letters of Credit, extend the expiry date of any Letter of Credit or increase the Stated Amount of any Letter of Credit (as applicable), for the account of Borrower, of the Letter(s) of Credit to which such Notice of LC Activity relates, and deliver each such Letter of Credit (or a notice of extension of the expiry date thereof or increase in the Stated Amount thereof) to the applicable LC Beneficiary. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of the applicable LC Application, the terms and conditions of this Agreement shall control.
Issuance of the Letter of Credit. (a) Subject to the terms and conditions set forth in this Agreement and the applicable Application, LC Issuing Bank shall, during the Commitment Increase Period, on each Banking Day specified in a Notice of LC Activity described in Section 2.2.3, issue Letters of Credit, extend the expiry date of any Letter of Credit or increase the Stated Amount of any Letter of Credit (as applicable), for the account of Borrower, of the Letter(s) of Credit to which such Notice of LC Activity relates, and deliver each such Letter of Credit (or a notice of extension of the expiry date thereof or increase in the Stated Amount thereof) to the applicable LC Beneficiary. Subject to Section 2.2.6(b), LC Issuing Bank shall not modify the conditions for draws or terms of availability for any Letter of Credit issued and outstanding hereunder without Borrower’s consent. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of the applicable Application, the terms and conditions of this Agreement shall control.
Issuance of the Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Bank agrees to issue the Letter of Credit (substantially in the form of Appendix I hereto). The Letter of Credit shall be in the original stated amount of [$ ] (the “Original Stated Amount”), which is the sum of (i) the principal amount of the Bonds outstanding on the Closing Date, plus (ii) interest thereon at 12% for a period of 48 days.
Issuance of the Letter of Credit. As conditions precedent to Bank's obligation to issue the Letter of Credit, Borrower shall deliver, or cause to be delivered, to Bank:
Issuance of the Letter of Credit. (a) Subject to the terms and conditions of this Agreement, the Bank hereby agrees on the Closing Date, upon the request of the Borrower, to issue its Letter of Credit in favor of the Trustee for the account of the Borrower. The Letter of Credit shall be in a face amount not exceeding Six Million Two Hundred Ninety-Six Thousand Dollars ($6,296,000).
Issuance of the Letter of Credit. Upon the terms, subject to the conditions and relying upon the representations and warranties set forth in this Agreement or incorporated herein by reference, the Bank agrees to extend the Stated Expiration Date of the Letter of Credit on the Closing Date. The Letter of Credit was amended and restated and reissued in the original stated amount of [$ ] (the “Original Stated Amount”), which is the sum of (i) the principal amount of the Bonds outstanding on the Closing Date plus (ii) interest thereon at 10% for a period of 48 days (the “Interest Portion”). DRAFT
Issuance of the Letter of Credit. The Bank will issue the Letter of Credit to the Issuing and Paying Agent on the Date of Issuance upon fulfillment of the applicable conditions precedent set forth in Section 3.1.
Issuance of the Letter of Credit. Subject to the terms and conditions hereof, the Banks severally agree to issue the Letter of Credit to the Beneficiary on a date, not later than March 31, 1998, and in an initial Letter of Credit Amount, not greater than $1,394,846,122, specified by the Borrower by at least three Domestic Business Days' notice to the Administrative Agent. The Administrative Agent shall promptly notify each Bank of the Date of Issuance so specified by the Borrower.
Issuance of the Letter of Credit. The Bank agrees to cause the L/C Bank to issue on the date of execution and delivery of this Agreement, upon the terms, subject to the satisfaction of the conditions and relying upon the representations and warranties set forth in this Agreement, the Letter of Credit in substantially the form of Attachment A hereto. The Letter of Credit shall initially be in a Stated Amount of DM 19,425,000 (the "Stated Amount").
Issuance of the Letter of Credit. Lender agrees, on the Closing Date to cause the Bank to issue the Letter of Credit for the account of Borrower.
