Common use of Obligation to Issue Letters of Credit Clause in Contracts

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower or any Subsidiary Borrower through such Issuing Bank’s branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Letter of Credit Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Schawk Inc), Credit Agreement (Schawk Inc)

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Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Borrowers herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower or any Subsidiary Borrower Borrowers through such Issuing Bank’s branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or or, so long as such currency remains an Agreed Letter of Credit Currency Currency, euro and British Pounds Sterling, in accordance with this Article III, from time to time during the period, period commencing on the Closing Date and ending on the Business Day prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Woodward, Inc.)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Domestic Borrower herein set forth, each the Issuing Bank hereby agrees to issue for the account of the Borrower or any Subsidiary Domestic Borrower through such the Issuing Bank’s branches as it and the Domestic Borrower may jointly agree, one or more Letters of Credit denominated solely in Dollars or an Agreed Letter of Credit Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Initial Funding Date and ending on the fifth (5th) Business Day prior to the Revolving Loan Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Catalina Marketing Corp/De)

Obligation to Issue Letters of Credit. Subject to the terms and ------------------------------------------ conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower or any Subsidiary Borrower through such Issuing Bank’s 's branches as it and the Borrower may jointly agree, one or more standby Letters of Credit denominated in Dollars or an Agreed Letter of Credit Currency in accordance with this Article III, ----------- from time to time during the period, commencing on the Closing Initial Funding Date and ending on the fifth Business Day prior to the Revolving Loan Termination Date.

Appears in 1 contract

Samples: Year Revolving Credit Agreement (Ralston Purina Co)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Borrowers herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower Company or any Subsidiary Borrower through such Issuing Bank’s branches as it and the Borrower Company may jointly agree, one or more Letters of Credit denominated in Dollars Dollars, Euro or an Agreed Letter of Credit Currency any other currency requested by the applicable Borrower and approved by the Administrative Agent, in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Commitment Termination Date.

Appears in 1 contract

Samples: Assignment Agreement (Trimble Navigation LTD /Ca/)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Domestic Borrower herein set forth, each the Issuing Bank hereby agrees to issue for the account of the Borrower or any Subsidiary Domestic Borrower through such the Issuing Bank’s 's branches as it and the Domestic Borrower may jointly agree, one or more Letters of Credit denominated solely in Dollars or an Agreed Letter of Credit Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Initial Funding Date and ending on the fifth (5th) Business Day prior to the Revolving Loan Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Catalina Marketing Corp/De)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Borrowers herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower Company or any Subsidiary Borrower through such Issuing Bank’s 's branches as it and the Borrower Company may jointly agree, one or more standby Letters of Credit denominated in Dollars or an Agreed Letter of Credit Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Plexus Corp)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Borrowers herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower Company or any Subsidiary Borrower through such Issuing Bank’s branches as it and the Borrower Company may jointly agree, one or more Letters of Credit denominated in Dollars Dollars, Euro or an Agreed Letter of Credit Currency any other currency requested by the applicable Borrower and approved by the Administrative Agent, in accordance with this Article III, from time to time during the period, commencing on the Closing Effective Date and ending on the Business Day prior to the Revolving Loan Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Borrowers herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower Company or any Subsidiary Borrower through such Issuing Bank’s branches as it and the Borrower Company may jointly agree, one or more Letters of Credit denominated in Dollars Dollars, Euro or an Agreed Letter of Credit Currency any other currency requested by the applicable Borrower and approved by the Administrative Agent, in accordance with this Article III, from time to time during the period, commencing on the Original Closing Date and ending on the Business Day prior to the Tranche 2 Revolving Loan Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

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Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Company herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower Company or any Subsidiary Borrower through such Issuing Bank’s branches as it and the Borrower Company may jointly agree, one or more Letters of Credit denominated in Dollars any Agreed Currency or an Agreed Letter of Credit any Alternate Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Revolving Loan Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

Obligation to Issue Letters of Credit. Subject to the terms and ------------------------------------- conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower or any Subsidiary Borrower through such Issuing Bank’s 's branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Letter of Credit Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date ----------- and ending on the Business Day prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Roper Industries Inc /De/)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower or any Subsidiary Borrower through such Issuing Bank’s 's branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Letter of Credit Currency in accordance with this Article ARTICLE III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Company herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower Company or any Subsidiary Borrower through such Issuing Bank’s branches as it and the Borrower Company may jointly agree, one or more Letters of Credit denominated in Dollars any Agreed Currency or an Agreed Letter of Credit any Alternate Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Trimble Navigation LTD /Ca/)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each the Issuing Bank hereby agrees to issue for the account of the Borrower or any Subsidiary Borrower through such the Issuing Bank’s 's branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Letter of Credit Currency in accordance with this Article ARTICLE III, from time to time during the period, commencing on the Closing Initial Funding Date and ending on the fifth Business Day prior to the Revolving Loan Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Huttig Building Products Inc)

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