Common use of Issuance Requests Clause in Contracts

Issuance Requests. By delivering to the Agent and the applicable Issuer an Issuance Request on or before 12:00 noon, New York City time, the Borrower may request, from time to time prior to the Revolving Loan Commitment Termination Date and on not less than three nor more than ten Business Days' notice, that such Issuer issue an irrevocable commercial or standby letter of credit in such form as may be requested by the Borrower (each such request to include (i) the forms of instruments to be used to make draws thereunder and to extend or renew the term thereof and (ii) the written confirmation of the beneficiary thereunder as to its acceptance of such forms) and approved in every respect by such Issuer (each such letter of credit, together with each Existing Letter of Credit, a "Letter of Credit"), for any purpose permitted under Section 5.