Letter of Credit Operations. The Fronting Bank shall, within a reasonable time after its receipt thereof, examine all documents purporting to represent a demand for payment under an Outstanding Letter of Credit to ascertain that the same appear on their face to be in conformity with the terms and conditions of such Outstanding Letter of Credit. The Fronting Bank shall as promptly as possible give electronic or facsimile notification or telephonic notification, promptly confirmed by electronic or facsimile notice, to the Borrower of such demand for payment and of the determination by the Fronting Bank as to whether such demand for payment was in conformity with such terms and conditions, and shall as promptly as possible give prior telephonic notification to the Borrower of the determination by the Fronting Bank as to whether such demand for payment was in accordance with the terms and conditions of such Outstanding Letter of Credit and whether the Fronting Bank has made or will make an LC Disbursement thereunder, provided that the failure to give such notice shall not relieve the Borrower of its obligation to reimburse the Fronting Bank with respect to any such LC Disbursement.
Letter of Credit Operations. Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under an outstanding Letter of Credit to ascertain that the same appear on their face to be in substantial conformity with the terms and conditions of such outstanding Letter of Credit. Such Issuing Bank shall (i) as promptly as possible after such demand for payment give oral notification, confirmed by telecopy, to the Applicable Agent and the applicable Borrower of such demand for payment and (ii) as promptly as possible after such Issuing Bank determines whether such demand for payment was in accordance with the terms and conditions of such outstanding Letter of Credit, give notice in the same manner to the Applicable Agent and such Borrower as to such determination and as to whether such Issuing Bank has made or will make a Letter of Credit Disbursement thereunder, provided that the failure to give such notices shall not relieve any Borrower of its obligation to reimburse such Issuing Bank with respect to any such Letter of Credit Disbursement, and the Applicable Agent shall promptly give each Revolving Lender or Canadian Revolving Lender, as the case may be, notice thereof.
Letter of Credit Operations. The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment by a beneficiary under a Letter of Credit to ascertain that the same appear on their face to be in conformity with the terms and conditions of such Letter of Credit. If, after examination, the Issuing Bank shall have determined that a demand for payment under such Letter of Credit does not conform to the terms and conditions of such Letter of Credit, then the Issuing Bank shall, as soon as reasonably practicable, give notice to such beneficiary to the effect that such demand for payment was not in accordance with the terms and conditions of such Letter of Credit, stating the reasons therefor. Thereupon, such beneficiary may attempt to correct any such non-conforming demand for payment under such Letter of Credit if, and to the extent that, such beneficiary is entitled (without regard to the provisions of this sentence) and able to do so. The Lenders hereby expressly agree to accept as correct and conclusive, in the absence of gross negligence or willful misconduct, any determination by the Issuing Bank that any demand for payment under a Letter of Credit complies, or does not comply, with the terms and conditions of such Letter of Credit. After determining that a demand for payment under such Letter of Credit conforms to the terms and conditions thereof, the Issuing Bank shall promptly notify the Lenders by telecopy of the same.
Letter of Credit Operations. 66 SECTION 2.24. Cash Collateralization.......................................66 SECTION 2.25. Termination and Reduction of Letter of Credit Commitment.....66
Letter of Credit Operations. 53 SECTION 3.06. Cash Collateralization........................................... 53 SECTION 3.07. Termination of LC Commitment..................................... 53 SECTION 3.08.
Letter of Credit Operations. The Issuing Bank shall, within a reasonable time after its receipt thereof, examine all documents purporting to represent a demand for payment under an Outstanding Letter of Credit to ascertain that the same appear on their face to be in conformity with the terms and conditions of such Outstanding Letter of Credit. The Issuing Bank shall promptly give electronic or facsimile notification or telephonic notification, confirmed by electronic or facsimile notice, to the Borrower of such demand of payment and of the determination by the Issuing Bank as to whether such demand for payment was in conformity with the terms and conditions of such Outstanding Letter of Credit and whether the Issuing Bank has made or will make a LC Disbursement thereunder, provided that the failure to give such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank with respect to any such LC Disbursement.
Letter of Credit Operations. The Fronting Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under an Outstanding Letter of Credit to ascertain that the same appear on their face to be in conformity with the terms and conditions of such Outstanding Letter of Credit. The Fronting Bank shall as promptly as possible, but in no event later than two hours after such demand for payment, give oral notification, confirmed by facsimile notice, to the Agent and the Borrower of such demand for payment and shall as promptly as possible, but in no event later than two hours prior to any payment in respect of such demand, give oral notification, confirmed by facsimile notice, to the Agent and the Borrower of the determination by the Fronting Bank as to whether such demand for payment was in accordance with the terms and conditions of such Outstanding Letter of Credit and whether the Fronting Bank has made or will make an LC Disbursement thereunder, PROVIDED that the failure to give such notice shall not relieve the Borrower of its obligation to reimburse the Fronting Bank with respect to any such LC Disbursement, and the Agent shall promptly give each Participating Lender notice thereof.
Letter of Credit Operations. Ladies and Gentlemen: The undersigned, Calgon Carbon Corporation (the “Borrower”), refers to the Credit Agreement, dated as of February 18, 2004 (as amended, modified or supplemented from time to time, the “Credit Agreement,” the capitalized terms defined therein being used herein as therein defined), among the Borrower, the financial institutions from time to time party thereto (the “ Lenders”), and National City Bank of Pennsylvania, as Administrative Agent for such Lenders. The undersigned hereby requests that , as a Letter of Credit Issuer, issue a Letter of Credit on , 200_ (the “Date of Issuance”) in the aggregate amount of [U.S.$ ] [amount in specified Alternative Currency], for the account of . The beneficiary of the requested Letter of Credit will be ,3 and such Letter of Credit will be in support of 4 and will have a stated termination date of .5 The undersigned hereby certifies that after giving effect to the requested issuance of the Letter of Credit:
Letter of Credit Operations. 63 --------------------------- SECTION 3.06. Termination of LC Commitment................................ 63 ---------------------------- SECTION 3.07.
Letter of Credit Operations. 46 SECTION 3.07.
