Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to request the issuance of a Letter of Credit (or to amend, renew or extend an existing Letter of Credit), the Borrower shall hand deliver or fax to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) below), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare such Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure shall not exceed $30,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 9 contracts
Sources: First Lien Credit Agreement (Global Geophysical Services Inc), Credit Agreement (Cbre Holding Inc), First Lien Credit Agreement (Global Geophysical Services Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 15,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 9 contracts
Sources: Credit Agreement (Donnelley R H Inc), Credit Agreement (Dex Media Inc), Credit Agreement (Dex Media, Inc./New)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to request the issuance of a Letter of Credit (or to amend, renew or extend an existing Letter of Credit), the Borrower shall hand deliver or fax to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) below), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare such Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure shall not exceed $30,000,000 15,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 6 contracts
Sources: First Lien Credit Agreement (STR Holdings LLC), First Lien Credit Agreement (STR Holdings LLC), First Lien Credit Agreement (STR Holdings (New) LLC)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver deliver, telecopy or fax electronically pdf to the relevant Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the relevant Issuing Bank, the Borrower also shall submit a letter of credit application on the relevant Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension extension, (i) the L/C LC Exposure shall not exceed $30,000,000 50,000,000 and (ii) the Aggregate Revolving Outstanding Extensions of Credit Exposure shall not exceed the Total Revolving Credit Commitmenttotal Commitments at such time.
Appears in 6 contracts
Sources: Revolving Credit Agreement (CSX Corp), Revolving Credit Agreement (CSX Corp), Revolving Credit Agreement (CSX Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 50,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 5 contracts
Sources: Credit Agreement (PDC Energy, Inc.), Credit Agreement (Petroleum Development Corp), Credit Agreement (Exco Resources Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 15,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 5 contracts
Sources: Credit Agreement (Dex Media East LLC), Credit Agreement (Dex Media East LLC), Credit Agreement (American Media Operations Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowSection 2.05(c)), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension extension, (i) the L/C LC Exposure shall not exceed $30,000,000 20,000,000 and (ii) the Aggregate aggregate Revolving Credit Exposure Exposures shall not exceed the Total aggregate Revolving Credit CommitmentCommitments.
Appears in 4 contracts
Sources: Credit Agreement (United Surgical Partners International Inc), Credit Agreement (Shoreline Real Estate Partnership, LLP), Credit Agreement (United Surgical Partners International Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C amount of the LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 4 contracts
Sources: Credit Agreement (M/a-Com Technology Solutions Holdings, Inc.), Credit Agreement (Qlogic Corp), Credit Agreement (M/a-Com Technology Solutions Holdings, Inc.)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension extension, (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 4 contracts
Sources: Credit Agreement (Cumulus Media Inc), Amendment and Restatement Agreement (Cumulus Media Inc), Credit Agreement (Cumulus Media Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the any Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by an Issuing Bank, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 100,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmentaggregate Committed Amounts.
Appears in 4 contracts
Sources: Credit Agreement, Credit Agreement (Genesis Energy Lp), Credit Agreement (Genesis Energy Lp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 5,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 4 contracts
Sources: Credit Agreement (Endo Pharmaceuticals Holdings Inc), Credit Agreement (American Media Operations Inc), Credit Agreement (Hanger Orthopedic Group Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 4 contracts
Sources: Credit Agreement (Alamosa Properties Lp), Credit Agreement (Lpa Services Inc), Credit Agreement (Alamosa Holdings Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Parent Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Parent Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Parent Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 40,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total USD Revolving Credit CommitmentCommitments.
Appears in 4 contracts
Sources: Credit Agreement (Charles River Laboratories International Inc), Credit Agreement (Charles River Laboratories International Inc), Credit Agreement (Charles River Laboratories International Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to request the issuance of a Letter of Credit (or to amend, renew or extend an existing Letter of Credit), the Borrower shall hand deliver or fax to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) below), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare such Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 3 contracts
Sources: Credit Agreement (Deltek, Inc), Credit Agreement (Deltek, Inc), Credit Agreement (Deltek, Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 100,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures plus the aggregate principal amount of outstanding Competitive Loans shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 3 contracts
Sources: Credit Agreement (Bellsouth Corp), Credit Agreement (Pennzoil Quaker State Co), Credit Agreement (Pennzenergy Co)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 3 contracts
Sources: Credit Agreement (Cornell Companies Inc), Credit Agreement (Biovail Corp International), Credit Agreement (Biovail Corp International)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 50,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 3 contracts
Sources: Amendment and Restatement Agreement (On Semiconductor Corp), Credit Agreement (Semiconductor Components Industries LLC), Credit Agreement (SCG Holding Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Lender) to the Issuing Bank Lender and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Lender, the Company also shall submit a letter of credit application on the Issuing Lender’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 20,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 3 contracts
Sources: Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc), Credit Agreement (Benchmark Electronics Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 3 contracts
Sources: Credit Agreement (Argonaut Group Inc), Credit Agreement (Idx Systems Corp), Credit Agreement (Warren Resources Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 40,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 3 contracts
Sources: Credit Agreement (Acxiom Corp), Credit Agreement (Acxiom Corp), Credit Agreement (Acxiom Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 3 contracts
Sources: Credit Agreement (Efunds Corp), Credit Agreement (Reynolds & Reynolds Co), Credit Agreement (Efunds Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Company also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C Dollar Amount of the LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) subject to Section 2.04, the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 3 contracts
Sources: Credit Agreement (Tennant Co), Credit Agreement (Tennant Co), Credit Agreement (Tennant Co)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 50,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 3 contracts
Sources: Credit Agreement (SXC Health Solutions Corp.), Credit Agreement (Deckers Outdoor Corp), Credit Agreement (Magellan Midstream Partners Lp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C amount of the LC Exposure shall not exceed $30,000,000 50,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 3 contracts
Sources: Credit Agreement (Ugi Corp /Pa/), Credit Agreement (Amtrust Financial Services, Inc.), Credit Agreement (Ugi Corp /Pa/)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 5,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 3 contracts
Sources: Credit Agreement (National Medical Health Card Systems Inc), Credit Agreement (Heartland Payment Systems Inc), Credit Agreement (Ultralife Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C amount of the LC Exposure shall not exceed $30,000,000 100,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 3 contracts
Sources: Credit Agreement (Layne Christensen Co), Credit Agreement (Layne Christensen Co), Credit Agreement (Layne Christensen Co)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C amount of the LC Exposure shall not exceed $30,000,000 the LC Sublimit and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 3 contracts
Sources: Credit Agreement (National General Holdings Corp.), Credit Agreement (National General Holdings Corp.), Credit Agreement (National General Holdings Corp.)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentLoan Commitments.
Appears in 2 contracts
Sources: Credit Agreement (Afc Enterprises Inc), Credit Agreement (Afc Enterprises Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 150,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures plus the aggregate principal amount of outstanding Competitive Loans shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 2 contracts
Sources: Credit Agreement (Pennzoil Quaker State Co), Credit Agreement (Pennzoil Quaker State Co)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by such Issuing Bank, the Company also shall submit a letter of credit application on such Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 40,000,000, (ii) no Lender's Revolving Credit Exposure shall exceed its Revolving Commitment and (iiiii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 2 contracts
Sources: Revolving Credit Facility Agreement (Albany International Corp /De/), Revolving Credit Facility Agreement (Albany International Corp /De/)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) extension, the L/C Exposure shall not exceed $30,000,000 and (ii) sum of the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 2 contracts
Sources: Credit Agreement (Magellan Midstream Partners Lp), Credit Agreement (Magellan Midstream Partners Lp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment10,000,000.
Appears in 2 contracts
Sources: Credit Agreement (Almost Family Inc), Credit Agreement (Almost Family Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Loan Party shall hand deliver or fax facsimile (or transmit by electronic communication, if arrangements for doing so have been approved by the Lender) to the Issuing Bank and the Administrative Agent Lender (reasonably in advance of prior to 9:00 am, Chicago time, at least three Business Days prior to the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Lender, the Loan Party also shall submit a letter of credit application on the Lender’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 4,000,000 and (ii) the Aggregate total Revolving Credit Exposure shall not exceed the Total lesser of the total Revolving Credit CommitmentCommitment and the Borrowing Base.
Appears in 2 contracts
Sources: Credit Agreement (Material Sciences Corp), Credit Agreement (Material Sciences Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C amount of the LC Exposure shall not exceed $30,000,000 15,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Ch Energy Group Inc), Credit Agreement (Stepan Co)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C amount of the LC Exposure shall not exceed $30,000,000 and (ii) the Aggregate sum of the Dollar Amount of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Symmetry Medical Inc.), Credit Agreement (Symmetry Medical Inc.)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Borrowers shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent five (reasonably 5) Business Days in advance of the requested date of issuance, amendment, renewal or extension) extension a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrowers also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C amount of the LC Exposure shall not exceed $30,000,000 25,000,000, and (ii) the Aggregate sum of the amount of the total Revolving Credit Exposure Exposures shall not exceed the Total Aggregate Revolving Credit Commitment.
Appears in 2 contracts
Sources: Credit Agreement (TiVo Corp), Credit Agreement (Rovi Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 10% of the total Commitments and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 2 contracts
Sources: Credit Agreement (Healthcare Trust of America, Inc.), Credit Agreement (Healthcare Trust of America, Inc.)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Exco Resources Inc), Credit Agreement (Carrizo Oil & Gas Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 and 10,000,000, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments and (iii) the total Revolving Exposures shall not exceed the Borrowing Base.
Appears in 2 contracts
Sources: Credit Agreement (Asset Acceptance Capital Corp), Credit Agreement (Asset Acceptance Capital Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 50,000,000, and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Zebra Technologies Corp), Credit Agreement (Zebra Technologies Corp/De)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, amendment renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, ; the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only ifif (x) in the case of a Standby Letter of Credit, the same shall be for the purpose permitted in paragraph (a) above, and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that, (y) after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure Letter of Credit Outstandings shall not exceed $30,000,000 and 15,000,000, (ii) the Aggregate Topps SA Letter of Credit Outstandings shall not exceed $15,000,000, and (iii) the total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 2 contracts
Sources: Credit Agreement (Topps Co Inc), Credit Agreement (Topps Co Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to request the issuance of a Letter of Credit (or to amend, renew or extend an existing Letter of Credit), the Borrower shall hand deliver or fax to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) below), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare such Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure shall not exceed $30,000,000 20,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 2 contracts
Sources: First Lien Credit Agreement (Hawkeye Holdings, Inc.), Credit Agreement (Intersil Holding Co)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Altair Engineering shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof thereof, and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the applicable Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Altair Engineering shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 2,000,000, and (ii) the Aggregate Revolving Credit Exposure plus the Ancillary Facility Exposure shall not exceed the Total Aggregate Revolving Credit Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Altair Engineering Inc.), Credit Agreement (Altair Engineering Inc.)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Company also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Company or the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate aggregate US Tranche Revolving Credit Exposure shall Exposures will not exceed the Total Revolving Credit Commitmentaggregate US Tranche Commitments.
Appears in 2 contracts
Sources: Credit Agreement (Edwards Lifesciences Corp), Five Year Credit Agreement (Edwards Lifesciences Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C amount of the LC Exposure shall not exceed $30,000,000 5,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Healthequity Inc), Credit Agreement (Synchronoss Technologies Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 15,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit lesser of (1) the Borrowing Base then in effect and (2) the Aggregate Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Clayton Williams Energy Inc /De), Credit Agreement (Clayton Williams Energy Inc /De)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C amount of the LC Exposure shall not exceed $30,000,000 20,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Informatica Corp), Credit Agreement (Informatica Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Company also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C US Tranche Revolving Exposure shall not exceed $30,000,000 the total US Tranche Revolving Commitments and (ii) the Aggregate Revolving aggregate face amount of all outstanding Letters of Credit Exposure shall not exceed the Total Revolving Credit Commitment$50,000,000.
Appears in 2 contracts
Sources: Credit Agreement (Insight Enterprises Inc), Credit Agreement (Insight Enterprises Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension, but in any event no later than two Business Days prior to such date, unless otherwise agreed by the Issuing Bank and the Administrative Agent) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be reasonably necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 75,000,000 and (ii) the Aggregate amount of the total Outstanding Revolving Credit Exposure Credits shall not exceed the Total Revolving Credit CommitmentCommitments.
Appears in 2 contracts
Sources: Credit Agreement (Sirius Xm Holdings Inc.), Credit Agreement (Sirius Xm Radio Inc.)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension extension, (i) the L/C aggregate Revolving Exposures shall not exceed the aggregate Revolving Commitments and (ii) the aggregate LC Exposure shall not exceed $30,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment5,000,000.
Appears in 2 contracts
Sources: Credit Agreement (Investools Inc), Credit Agreement (Pegasus Solutions Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Ami Celebrity Publications, LLC), Revolving Credit Agreement (Ami Celebrity Publications, LLC)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 150,000,000 and (ii) after giving effect to the Aggregate Revolving Credit Exposure issuance, amendment, renewal or extension of such Letter of Credit, Availability shall not exceed the Total Revolving Credit Commitmentbe less than zero.
Appears in 2 contracts
Sources: Credit Agreement (Cubic Corp /De/), Credit Agreement (Cubic Corp /De/)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to request the issuance of a Letter of Credit (or to amend, renew or extend an existing Letter of Credit), the Borrower shall hand deliver or fax to the applicable Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) below), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare such Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure shall not exceed $30,000,000 40,000,000 (or such lesser amount as the Borrower may determine and notify to the Issuing Bank) and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 2 contracts
Sources: Credit Agreement (CGG), Amendment and Restatement Agreement (CGG)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitment.total Commitments
Appears in 2 contracts
Sources: Credit Agreement (Vera Bradley, Inc.), Credit Agreement (Vera Bradley, Inc.)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 75,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 2 contracts
Sources: Credit Agreement (Dr Pepper Snapple Group, Inc.), Credit Agreement (Dr Pepper Snapple Group, Inc.)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 35,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 2 contracts
Sources: Loan Agreement (Cheesecake Factory Inc), Loan Agreement (Cheesecake Factory Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentLoan Commitments.
Appears in 2 contracts
Sources: Credit Agreement (Afc Enterprises Inc), Credit Agreement (Afc Enterprises Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures plus the aggregate principal amount of outstanding Competitive Loans shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 2 contracts
Sources: Credit Agreement (BMC Software Inc), Revolving Credit Agreement (Arch Chemicals Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowSection 2.05(c)), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension extension, (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate aggregate Revolving Credit Exposure Exposures shall not exceed the Total aggregate Revolving Credit CommitmentCommitments.
Appears in 2 contracts
Sources: Credit Agreement (Symbion Inc/Tn), Credit Agreement (NeoSpine Surgery, LLC)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to request the issuance of a Letter of Credit (or to amend, renew or extend an existing Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) below), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare such Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure shall not exceed $30,000,000 the L/C Commitment and (ii) the sum of the Aggregate Revolving Credit Exposure and the aggregate principal amount of outstanding Competitive Borrowings shall not exceed the Total Revolving Credit Commitment.
Appears in 2 contracts
Sources: Credit Agreement (Laboratory Corp of America Holdings), Credit Agreement (Laboratory Corp of America Holdings)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to request the issuance of a Letter of Credit (or to amend, renew or extend an existing Letter of Credit), the requesting Borrower shall hand deliver or fax telecopy to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) below), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare such Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended for the account of a Borrower only if, and upon issuance, amendment, renewal or extension of each Letter of Credit for the account of such Borrower, such Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure shall not exceed $30,000,000 and (ii) extension, the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 2 contracts
Sources: Credit Agreement (El Paso Electric Co /Tx/), Credit Agreement (El Paso Electric Co /Tx/)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably not less than five Business Days in advance of the requested date of issuance, amendment, renewal or extension) a notice (a "Letter of Credit Request") requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowthis Section 2.06(c)), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Company also shall submit a letter of credit application on the Issuing Bank's standard form (an "Application") in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 75,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the lesser of the Total Revolving Credit CommitmentCommitment and the Availability.
Appears in 2 contracts
Sources: Credit Agreement (Kinder Morgan Bulk Terminals Inc), Credit Agreement (Kinder Morgan Energy Partners L P)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C amount of the LC Exposure shall not exceed $30,000,000 20,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total aggregate Revolving Credit CommitmentCommitments.
Appears in 2 contracts
Sources: Credit Agreement (Angiodynamics Inc), Credit Agreement (Angiodynamics Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C Total LC Exposure shall not exceed $30,000,000 5,000,000 and (ii) the Aggregate sum of the Total Revolving Credit Exposure shall not exceed the Total Revolving Credit CommitmentCommitments.
Appears in 2 contracts
Sources: Credit Agreement (Heartland Payment Systems Inc), Credit Agreement (Heartland Payment Systems Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), ) the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Company also shall submit a Letter of Credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 100,000,000 and (ii) the Aggregate sum of the total U.S. Revolving Credit Exposure Exposures plus the aggregate principal amount of outstanding Competitive Loans shall not exceed the Total Revolving Credit Commitmenttotal U.S. Commitments.
Appears in 2 contracts
Sources: Credit Agreement (Fort James Corp), Credit Agreement (Fort Howard Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a WC Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding WC Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the WC Issuing Bank) to the WC Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a WC Letter of Credit, or identifying the WC Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such WC Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such WC Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such WC Letter of Credit. If requested by the WC Issuing Bank, the Borrower also shall submit a letter of credit application on the WC Issuing Bank's standard form in connection with any request for a WC Letter of Credit. A WC Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each WC Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C WC LC Exposure shall not exceed $30,000,000 75,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 2 contracts
Sources: Credit Agreement (Avis Rent a Car Inc), Credit Agreement (Avis Rent a Car Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to request the issuance of a Letter of Credit (or to amend, renew or extend an existing outstanding Letter of Credit), the a Borrower shall hand deliver deliver, fax or fax email to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) below), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare such a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure shall not exceed $30,000,000 the L/C Commitment and (ii) the Aggregate Revolving Credit Exposure shall not exceed the lesser of the Borrowing Base and the Total Revolving Credit Commitment.
Appears in 2 contracts
Sources: Revolving Credit Agreement (Houghton Mifflin Harcourt Co), Revolving Credit Agreement (Houghton Mifflin Harcourt Co)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Company also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C US Tranche Revolving Exposure shall not exceed $30,000,000 the total US Tranche Revolving Commitments and (ii) the Aggregate Revolving aggregate face amount of all outstanding Letters of Credit Exposure shall not exceed the Total Revolving Credit Commitment$25,000,000.
Appears in 2 contracts
Sources: Credit Agreement (Insight Enterprises Inc), Credit Agreement (Insight Enterprises Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) subject to Section 2.01(b), the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Sources: Credit Agreement (Corecomm LTD /De/)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 75,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the LC Issuer) to the Issuing Bank LC Issuer and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowSection 2.20.3 hereof), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the LC Issuer, the Borrower also shall submit a letter of credit application on the LC Issuer's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C total LC Exposure shall does not exceed $30,000,000 2,000,000 and (ii) the Aggregate total Revolving Credit Exposure shall Exposures do not exceed the Total Revolving Credit CommitmentAggregate Commitments.
Appears in 1 contract
Sources: Loan Agreement (Equity Oil Co)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Administrative Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Administrative Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit Credit, the Administrative Borrower shall be deemed to represent and warrant on behalf of Borrower that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 9,500,000 and (ii) the Aggregate Revolving Credit Exposure aggregate amount of the Obligations shall not exceed the Total Revolving Credit Commitmenttotal Commitment of $10,000,000.
Appears in 1 contract
Sources: Credit Agreement (Resorts International Hotel & Casino Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total total General Revolving Credit CommitmentCommitments.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Company also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate Revolving Credit sum of (I) the outstanding aggregate principal amount of all Loans and (II) the LC Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 5,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 1 contract
Sources: Credit Agreement (Triton PCS Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving total Commitments. When issued, the amount of each Letter of Credit Commitmentshall be not less than $50,000 unless the Administrative Agent otherwise agrees.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to request the issuance of a Letter of Credit (or to amend, renew or extend an existing Letter of Credit), the Borrower shall hand deliver or fax to in writing the applicable Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) below), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare such Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit Credit, the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 1 contract
Sources: Credit Agreement (Smart Sand, Inc.)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the a Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent 21 (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate Revolving Outstanding Credit Exposure shall not exceed the Total Revolving Credit CommitmentAggregate Commitments.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension extension, (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate aggregate Revolving Credit Exposure Exposures shall not exceed the Total aggregate Revolving Credit CommitmentCommitments.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax facsimile (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 60,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Sources: Credit Agreement (Epmr Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 20,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 15,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 1 contract
Sources: Senior Revolving Credit Agreement (Exco Resources Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver, telecopy or deliver by “pdf” or fax similar email attachment to the an Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the Agreed Currency applicable thereto, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by an Issuing Bank, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) subject to Sections 2.04 and 2.11(b), the L/C Dollar Amount of the LC Exposure shall not exceed $30,000,000 100,000,000 and (ii) subject to Sections 2.04 and 2.11(b), the Aggregate sum of the Dollar Amount of the total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Aggregate Commitment.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 5,000,000 and (ii) the Aggregate Revolving sum of the total Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 1 contract
Sources: Senior Secured Credit Agreement (Hiland Holdings GP, LP)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the a Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, such Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 60,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 1 contract
Sources: Credit Agreement (Dennys Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to request the issuance of a Letter of Credit (or to amend, renew or extend an existing Letter of Credit), the Borrower shall hand deliver or fax to the Issuing Bank and the Administrative Agent (reasonably no less than two Business Days (or such shorter period of time acceptable to the Issuing Bank) in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension, the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) below), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare such Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that, after giving effect to such issuance, amendment, renewal or extension (i) the L/C Exposure shall not exceed $30,000,000 7,500,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment.
Appears in 1 contract
Sources: Credit Agreement (Blackboard Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or 45 extend such Letter of Credit. If requested by such Issuing Bank, the Company also shall submit a letter of credit application on such Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 and 20,000,000, (ii) the Aggregate total Revolving Credit Exposures shall not exceed the total Revolving Commitments and (iii) the sum of the aggregate outstanding principal amount of the Loans and the LC Exposure shall not exceed the Total Revolving Credit CommitmentBorrowing Base then in effect.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Company also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Company or the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 25,000,000 and (ii) the Aggregate aggregate US Tranche Revolving Credit Exposure shall Exposures will not exceed the Total Revolving Credit Commitmentaggregate US Tranche Commitments.
Appears in 1 contract
Sources: Five Year Credit Agreement (Edwards Lifesciences Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 50,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Lender) to the Issuing Bank Lender and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Lender, the Borrower also shall submit a letter of credit application on the Issuing Lender’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total Revolving Credit Commitment100,000,000.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax facsimile (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 5,000,000, and (ii) the Aggregate Revolving Credit Exposure shall not exceed the Total aggregate Revolving Credit CommitmentCommitments of all Lenders.
Appears in 1 contract
Sources: Credit Agreement (Ebix Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 20,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the such Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the applicable Issuing Bank, the Company also shall submit a letter of credit application on such Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 50,000,000 and (ii) the Aggregate Revolving Credit sum of the (I) outstanding aggregate principal amount of all Loans and (II) the LC Exposure shall not exceed the Total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Sources: Credit Agreement (Cox Radio Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 and 7,500,000, (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments and (iii) on any date that the total Revolving Exposures would exceed $15,000,000, the total Revolving Exposures shall not exceed the Borrowing Base then in effect.
Appears in 1 contract
Sources: Credit Agreement (Argo Tech Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax facsimile (or transmit by electronic communication, if arrangements for doing so have been approved by the Lender) to the Issuing Bank and the Administrative Agent (reasonably in advance of Lender prior to 9:00 am, New York time, at least three Business Days prior to the requested date of issuance, amendment, renewal or extension) , a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Lender, the Borrower also shall submit a letter of credit application on the Lender’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension extension, (i) the L/C LC Exposure shall not exceed $30,000,000 2,000,000.00 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit Commitment.
Appears in 1 contract
Sources: Credit Agreement (Transcat Inc)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Sources: Credit and Guaranty Agreement (American Reprographics CO)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Company shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Lender) to the Issuing Bank Lender and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Lender, the Company also shall submit a letter of credit application on the Issuing Lender’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 5,000,000 and (ii) the Aggregate sum of the total Revolving Credit Exposure Exposures, shall not exceed the Total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Borrowers shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrowers also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 2,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Sources: Credit Agreement (Mac-Gray Corp)
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower Parent shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably at least five Business Days in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the relevant Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower Borrowers shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 35,000,000 and (ii) the Aggregate total Revolving Credit Exposure Exposures shall not exceed the Total total Revolving Credit CommitmentCommitments.
Appears in 1 contract
Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. In order to To request the issuance of a Letter of Credit (or to amendthe amendment, renew renewal or extend extension of an existing outstanding Letter of Credit), the Borrower shall hand deliver or fax telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extensionextension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) belowof this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank's standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if, if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the L/C LC Exposure shall not exceed $30,000,000 10,000,000 and (ii) the Aggregate aggregate Revolving Credit Exposure Exposures of all Lenders shall not exceed the Total Revolving Credit Commitmenttotal Commitments.
Appears in 1 contract