Common use of Issuance Procedures Clause in Contracts

Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 12:00 noon on a Business Day, the Borrowers may from time to time irrevocably request on not less than three nor more than ten Business Days’ notice, in the case of an initial issuance of a Letter of Credit and not less than three Business Days’ prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit (in each case, unless a shorter notice period is agreed to by the relevant Issuer, in its sole discretion), that an Issuer issue, or extend the Stated Expiry Date of, a Letter of Credit in such form as may be requested by the Borrowers and approved by such Issuer, solely for the purposes described in Section 7.1.

Appears in 1 contract

Sources: Credit Agreement (Ferro Corp)

Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 12:00 noon on a Business Day, the Borrowers Borrower may from time to time irrevocably request on not less than three nor more than ten Business Days' notice, in the case of an initial issuance of a Letter of Credit and not less than three Business Days' prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit (in each case, unless a shorter notice period is agreed to by the relevant Issuer, in its sole discretion), that an Issuer issue, or extend the Stated Expiry Date of, a Letter of Credit in such form as may be requested by the Borrowers Borrower and approved by such Issuer, solely for the purposes described in Section 7.1.

Appears in 1 contract

Sources: Credit Agreement (CTC Communications Group Inc)

Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 12:00 noon on a Business Day, the Borrowers Borrower may from time to time irrevocably request on not less than three two nor more than ten Business Days’ notice, in the case of an initial issuance of a Letter of Credit and not less than three two Business Days’ prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit (in each case, unless a shorter notice period is agreed to by the relevant applicable Issuer, in its sole discretion), that an such Issuer issue, or extend the Stated Expiry Date of, a Revolving Letter of Credit in such form as may be requested by the Borrowers Borrower and approved by such Issuer, solely for the purposes described in Section 7.17.7. Each Issuer will make available to the beneficiary thereof the original of the Letter of Credit which it issues.

Appears in 1 contract

Sources: Credit Agreement (Champion Enterprises Inc)

Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 12:00 noon 10:00 a.m. on a Business Day, the Borrowers either Borrower may from time to time irrevocably request on not less than three nor more than ten Business Days' notice, in the case of an initial issuance of a Letter of Credit and not less than three Business Days' prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit (in each case, unless a shorter notice period is agreed to by the relevant Issuer, in its sole discretion), that an Issuer issue, or extend the Stated Expiry Date of, a Letter of Credit in such form as may be requested by the Borrowers such Borrower and approved by such Issuer, solely for the purposes described in Section 7.1.purposes

Appears in 1 contract

Sources: Credit Agreement (United Surgical Partners Holdings Inc)

Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 12:00 noon 10:00 a.m. on a Business Day, the Borrowers Company may from time to time irrevocably request on not less than three nor more than ten Business Days' notice, in the case of an initial issuance of a Letter of Credit and not less than three Business Days' prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit (in each case, unless a shorter notice period is agreed to by the relevant Issuer, in its sole discretion), that an Issuer issue, or extend the Stated Expiry Date of, a Letter of Credit in such form as may be requested by the Borrowers Company and approved by such Issuer, solely for the purposes described in Section 7.1.

Appears in 1 contract

Sources: Credit Agreement (Railamerica Inc /De)

Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 12:00 noon on a Business Day, the Borrowers Borrower may from time to time irrevocably request on not less than three two nor more than ten Business Days' notice, in the case of an initial issuance of a Letter of Credit and not less than three two Business Days' prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit (in each case, unless a shorter notice period is agreed to by the relevant applicable Issuer, in its sole discretion), that an such Issuer issue, or extend the Stated Expiry Date of, a Revolving Letter of Credit in such form as may be requested by the Borrowers Borrower and approved by such Issuer, solely for the purposes described in Section 7.17.

Appears in 1 contract

Sources: Credit Agreement (Champion Enterprises Inc)

Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 12:00 noon 11:00 a.m. on a Business Day, the Borrowers either Borrower may from time to time irrevocably request on not less than three nor more than ten Business Days' notice, in the case of an initial issuance of a Letter of Credit and not less than three Business Days' prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit (in each case, unless a shorter notice period is agreed to by the relevant Issuer, in its sole discretion), that an the Issuer issue, or extend the Stated Expiry Date of, a Letter of Credit in such form as may be requested by the Borrowers such ▇▇▇▇▇▇▇▇ and approved by such the Issuer, solely for the purposes purpose described in Section 7.18.

Appears in 1 contract

Sources: Credit Agreement (United Surgical Partners International Inc)

Issuance Procedures. By delivering to the Administrative Agent an Issuance Request on or before 12:00 noon on a Business Day, the Borrowers Borrower may from time to time irrevocably request on not less than three two nor more than ten Business Days' notice, in the case of an initial issuance of a Letter of Credit and not less than three two Business Days' prior notice, in the case of a request for the extension of the Stated Expiry Date of a standby Letter of Credit (in each case, unless a shorter notice period is agreed to by the relevant applicable Issuer, in its sole discretion), that an such Issuer issue, or extend the Stated Expiry Date of, a Letter of Credit in such form as may be requested by the Borrowers Borrower and approved by such Issuer, solely for the purposes described in Section 7.17.

Appears in 1 contract

Sources: Credit Agreement (North Shore Agency Inc)