Determination of Issuing Lender. Borrower may request either Issuing Lender to issue a Letter of Credit by delivering to such Issuing Lender (with a copy to Administrative Agent) a Request for Issuance. Issuing Lenders shall be obligated to issue any Letter of Credit, notwithstanding the fact that the Letter of Credit Usage with respect to such Letter of Credit and with respect to all other Letters of Credit issued by Issuing Lender, when aggregated with Issuing Lender's outstanding Revolving Loans and Swing Line Loans, may exceed Issuing Lender's Revolving Loan Commitment then in effect.
Appears in 1 contract
Sources: Credit Agreement (Ethyl Corp)
Determination of Issuing Lender. Borrower may request either Issuing Lender to issue a Letter of Credit by delivering to such Issuing Lender (with a copy to Administrative Agent) a Request for Issuance. The applicable Issuing Lenders Lender shall be obligated to issue any Letter of Credit, notwithstanding the fact that the Letter of Credit Usage with respect to such Letter of Credit and with respect to all other Letters of Credit issued by Issuing LenderLenders, when aggregated with such Issuing Lender's ’s outstanding Revolving Loans and Swing Line Loans, may exceed such Issuing Lender's ’s Revolving Loan Commitment then in effect.
Appears in 1 contract
Sources: Credit Agreement (Newmarket Corp)