Common use of Letter of Credit Request Procedure Clause in Contracts

Letter of Credit Request Procedure. The Borrower shall give the Administrative Agent at least five (5) Business Days irrevocable prior notice (effective upon receipt) specifying the date of each Letter of Credit and the nature of the transactions to be supported thereby. Upon receipt of such notice the Administrative Agent shall promptly notify each other Bank of the contents thereof and of such Bank's Commitment Percentage of the amount of the proposed Letter of Credit in accordance with Section 4.6. Each Letter of Credit shall have an expiration date that does not extend beyond the date thirty (30) days prior to the Revolving Termination Date. Each Letter of Credit shall be payable in Dollars, must support a transaction entered into in the ordinary course of the Borrower's business, must be satisfactory in form and substance to the Administrative Agent, and shall be issued pursuant to such documentation as the Administrative Agent may require, including, without limitation, the Administrative Agent's standard form letter of credit request and reimbursement agreement; PROVIDED, that, in the event of any conflict between the terms of such agreement and the other Loan Documents, the terms of the other Loan Documents shall control.

Letter of Credit Request Procedure. The Except for Letters of Credit issued on the Closing Date, the Borrower shall give the Administrative Agent at least five three (53) Business Days irrevocable prior notice (effective upon receipt) specifying the date of each Letter of Credit and the nature of the transactions to be supported thereby. Upon receipt of such notice the Administrative Agent shall promptly notify each other Bank of the contents thereof and of such Bank's Commitment Percentage (calculated based on the Revolving Commitments only) of the amount of the proposed Letter of Credit in accordance with Section 4.6Credit. Each Letter of Credit shall have an expiration date that does not extend beyond the a date which is thirty (30) days prior to the Revolving Termination Date. Each Letter of Credit , shall be payable in Dollars, must support a transaction entered into in the ordinary course of the Borrower's business, must be satisfactory in form and substance to the Administrative Agent, and shall be issued pursuant to such documentation as the Administrative Agent may require, including, without limitation, the Administrative Agent's standard form letter of credit request and reimbursement agreement; PROVIDEDprovided, that, in the event of any conflict between the terms of such agreement and the other Loan Documents, the terms of the other Loan Documents shall control.