Procedure for Issuance of Letters of Credit. The Borrower may from time to time request that the Issuing Lender issue a Letter of Credit by delivering to the Issuing Lender at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Lender, and such other certificates, documents and other papers and information as the Issuing Lender may request. Upon receipt of any Application, the Issuing Lender will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Lender be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Issuing Lender and the Borrower. The Issuing Lender shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof.
Appears in 9 contracts
Sources: Credit Agreement (Unidigital Inc), Credit Agreement (Denali Inc), Credit Agreement (Universal Hospital Services Inc)
Procedure for Issuance of Letters of Credit. The Borrower may from time to time request that the an Issuing Lender Bank issue a Letter of Credit by delivering to the such Issuing Lender Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the such Issuing LenderBank, and such other certificates, documents and other papers and information as the such Issuing Lender Bank may reasonably request. Upon receipt of any Application, the Issuing Lender Bank will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the any Issuing Lender Bank be required to issue any Letter of Credit earlier than three two Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit in a form satisfactory to the Borrower to the beneficiary thereof or as otherwise may be agreed by the such Issuing Lender Bank and the Borrower. The relevant Issuing Lender Bank shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof and notify the Banks of the amount thereof.
Appears in 9 contracts
Sources: Credit Agreement (Centerpoint Energy Houston Electric LLC), Credit Agreement (Centerpoint Energy Houston Electric LLC), Credit Agreement (Centerpoint Energy Inc)
Procedure for Issuance of Letters of Credit. The Borrower may from time to time request that the Issuing Lender Bank issue a Letter of Credit by delivering to the Issuing Lender Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing LenderBank, and such other certificates, documents and other papers and information as the Issuing Lender Bank may reasonably request. Upon receipt of any Application, the Issuing Lender Bank will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Lender Bank be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit in a form satisfactory to the Borrower to the beneficiary thereof or as otherwise may be agreed by the Issuing Lender Bank and the Borrower. The Issuing Lender Bank shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof and notify the Banks of the amount thereof.
Appears in 2 contracts
Sources: Senior a Credit Agreement (Reliant Energy Inc), Credit Agreement (Houston Industries Inc)
Procedure for Issuance of Letters of Credit. The Borrower may from time to time request that the Issuing Lender Bank issue a Letter of Credit by delivering to the Issuing Lender Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing LenderBank, and such other certificates, documents and other papers and information as the Issuing Lender Bank may reasonably request. Upon receipt of any Application, the Issuing Lender Bank will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Lender Bank be required to issue any Letter of Credit earlier than three two Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit in a form satisfactory to the Borrower to the beneficiary thereof or as otherwise may be agreed by the Issuing Lender Bank and the Borrower. The Issuing Lender Bank shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof and notify the Banks of the amount thereof.
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Procedure for Issuance of Letters of Credit. The Borrower may from time to time request that the Issuing Lender Bank issue a Letter of Credit by delivering to the Issuing Lender Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing LenderBank, and such other certificates, documents and other papers and information as the Issuing Lender Bank may reasonably request. Upon receipt of any Application, the Issuing Lender Bank will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Lender Bank be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as SEVENTH AMENDED AND RESTATED CREDIT AGREEMENT otherwise may be agreed by the Issuing Lender Bank and the Borrower. The Issuing Lender Bank shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof.
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Procedure for Issuance of Letters of Credit. The Borrower may from time to time request that the Issuing Lender Bank issue a Letter of Credit by delivering to the Issuing Lender Bank at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing LenderBank, and such other certificates, documents and other papers and information as the Issuing Lender Bank may reasonably request. Upon receipt of any Application, the Issuing Lender Bank will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Lender Bank be required to issue any Letter of Credit earlier than three two (2) Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit in a form satisfactory to the Borrower to the beneficiary thereof or as otherwise may be agreed by the Issuing Lender Bank and the Borrower. The Issuing Lender Bank shall furnish a copy of such Letter of Credit to the Borrower promptly following the issuance thereof and notify the Banks of the amount thereof.
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Procedure for Issuance of Letters of Credit. The A Borrower may from time to time request that the an Issuing Lender Bank issue a Letter of Credit by delivering to such Issuing Bank (with a copy to the Issuing Lender Applicable Agent) at its address for notices specified herein an Application therefor, completed to the satisfaction of the such Issuing LenderBank and such Applicable Agent, and such other certificates, documents and other papers and information as the such Issuing Lender Bank may reasonably request. Upon receipt of any Application, the such Issuing Lender Bank will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the an Issuing Lender Bank be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the such Issuing Lender Bank and the applicable Borrower. The Issuing Lender Bank shall furnish a copy of such Letter of Credit to the applicable Borrower and to each applicable Participating Bank promptly following the issuance thereof.
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Procedure for Issuance of Letters of Credit. The Borrower Borrowers may from time to time request that the Issuing Lender issue a Letter of Credit by delivering to the Issuing Lender at its address for notices specified herein an Application therefor, completed to the satisfaction of the Issuing Lender, and such other certificates, documents and other papers and information as the Issuing Lender may reasonably request. Upon receipt of any Application, the Issuing Lender will process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall the Issuing Lender be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary thereof or as otherwise may be agreed by the Issuing Lender and the BorrowerBorrowers. The Issuing Lender shall furnish a copy of such Letter of Credit to the Borrower Borrowers promptly following the issuance thereof.
Appears in 1 contract
Sources: Credit Agreement (Celadon Group Inc)