Additional Letters of Credit. Subject to the terms and conditions set forth herein, and so long as no Stop Issuance Notice is in effect, the Borrowers may request the issuance of Additional Letters of Credit for their account, in a form reasonably acceptable to the Administrative Agent and the relevant Fronting Bank, at any time and from time to time during the period beginning on the Effective Date and ending on the thirtieth day prior to the Maturity Date. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of the letter of credit application and any related documentation submitted by the Borrowers to, or entered into by the Borrowers with, the relevant Fronting Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control.
Appears in 2 contracts
Sources: Debtor in Possession Credit Agreement, Debtor in Possession Credit Agreement (Equistar Chemicals Lp)