Common use of Obligation to Issue Clause in Contracts

Obligation to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower herein set forth, the Issuing Bank hereby agrees to issue for the account of the Borrower, one or more Facility Letters of Credit in accordance with this ARTICLE 2A, from time to time during the period commencing on the date hereof and ending on the fifth Business Day prior to the Facility Termination Date. Any Lender shall have the right to decline to be the Issuing Bank for a Facility Letter of Credit provided that if no other Lender agrees to be the Issuing Bank then the Administrative Agent shall agree to do so.

Obligation to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower herein set forth, the Issuing Bank hereby agrees to issue for the account of the Borrower, one or more Facility Letters of Credit in accordance with this ARTICLE Article 2A, from time to time during the period commencing on the date hereof and ending on the fifth Business Day prior to the Facility Termination Date. Any Lender shall have the right to decline to be the Issuing Bank for a Facility Letter of Credit provided that if no other Lender agrees to be the Issuing Bank then the Administrative Agent shall agree to do so.

Obligation to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower herein set forth, the Issuing Bank Lender hereby agrees to issue for the account of the Borrower, one or more Facility Letters of Credit in accordance with this ARTICLE Article 2A, from time to time during the period commencing on the date hereof and ending on the fifth Business Day prior to the Facility Termination Date. Any Lender shall have the right to decline to be the Issuing Bank Lender for a Facility Letter of Credit provided that if no other Lender agrees to be the Issuing Bank Lender then the Administrative Agent shall agree to do so.