Common use of Procedure for Opening Letters of Credit Clause in Contracts

Procedure for Opening Letters of Credit. The Issuing Lender will notify the Administrative Agent and each Lender after the end of each calendar month of any L/C Applications received by the Issuing Lender from the Company during such month. Upon receipt of any L/C Application from the Company, the Issuing Lender will process such L/C Application, and the other certificates, documents and other papers delivered to the Issuing Lender in connection therewith, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of Credit to the beneficiary thereof and by furnishing a copy thereof to the Company, provided that no such Letter of Credit shall be issued if subsection 3.1 would be violated thereby.

Procedure for Opening Letters of Credit. The Issuing Lender will notify the Administrative Agent and each Lender after the end of each calendar month of any L/C Applications received by the Issuing Lender from the Company Borrower during such month. Upon receipt of any L/C Application from the CompanyBorrower, the Issuing Lender will process such L/C Application, and the other certificates, documents and other papers delivered to the Issuing Lender in connection therewith, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of Credit to the beneficiary thereof and by furnishing a copy thereof to Borrower and, after the Companyend of the calendar month in which such Letter of Credit was opened, to the other Lenders; provided that no such Letter of Credit shall be issued if subsection 3.1 would be violated thereby.

Procedure for Opening Letters of Credit. The Issuing Lender will notify the Administrative Agent and each Lender after the end of each calendar month of any L/C Applications received by the Issuing Lender from the Company during such month. Upon receipt of any L/C Application from the Company, the Issuing Lender will process such L/C Application, and the other certificates, documents and other papers delivered to the Issuing Lender in connection therewith, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of Credit to the beneficiary thereof and by furnishing a copy thereof to the CompanyCompany and, after the end of the calendar month in which such Letter of Credit was opened, to the other Lenders, provided that no such Letter of Credit shall be issued if subsection 3.1 would be violated thereby.

Procedure for Opening Letters of Credit. The Issuing Lender will notify the Administrative Agent and each Lender after the end of each calendar month of any L/C Applications received by the Issuing Lender from the Company Borrower during such month. Upon receipt of any L/C Application from the CompanyBorrower, the Issuing Lender will process such L/C Application, and the other certificates, documents docu- ments and other papers delivered to the Issuing Lender in connection therewiththere- with, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of Credit to the beneficiary thereof and by furnishing a copy thereof to Borrower and, after the Companyend of the calendar month in which such Letter of Credit was opened, provided to the other Lenders; pro- vided that no such Letter of Credit shall be issued if subsection 3.1 would be violated thereby.

Procedure for Opening Letters of Credit. The Issuing Lender will notify the Administrative Agent and each Lender after the end of each calendar month of any L/C Applications received by the Issuing Lender from the Company Borrower during such month. Upon receipt of any L/C Application from the CompanyBorrower, the Issuing Lender will process such L/C Application, and the other certificates, documents and other papers delivered to the Issuing Lender in connection therewith, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of Credit to the beneficiary thereof and by furnishing a copy thereof to the CompanyBorrower and, after the end of the calendar month in which such Letter of Credit was opened, to the other Lenders; provided that no such Letter of Credit shall be issued if subsection 3.1 would be violated thereby.

Procedure for Opening Letters of Credit. The Issuing Lender Administrative Agent will notify the Administrative Agent and each Lender after the end of each calendar month of any L/C Applications received Letters of Credit issued by the Issuing Lender from the Company during such monthLenders. Upon receipt of any L/C Application from a Borrower and approved by the CompanyAdministrative Agent, the an Issuing Lender will process such L/C Application, and the other certificates, documents and other papers delivered to the such Issuing Lender in connection therewith, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of Credit to the beneficiary thereof and by furnishing a copy thereof to the Company, such Borrower; provided that no such Letter of Credit shall be issued if subsection 3.1 Section 2.1 would be violated thereby.

Procedure for Opening Letters of Credit. The Issuing Lender will --------------------------------------- notify the Administrative Agent and each Lender after the end of each calendar month of any L/C Applications received by the Issuing Lender from the Company during such month. Upon receipt of any L/C Application from the Company, the Issuing Lender will process such L/C Application, and the other certificates, documents and other papers delivered to the Issuing Lender in connection therewith, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of Credit to the beneficiary thereof and by furnishing a copy thereof to the CompanyCompany and, after the end of the calendar month in which such Letter of Credit was opened, to the other Lenders; provided that no such Letter of Credit shall -------- be issued if subsection 3.1 would be violated thereby.

Procedure for Opening Letters of Credit. The Issuing Lender will notify the Administrative Agent and each Lender after the end of each calendar month of any L/C Applications received by the Issuing Lender from the Company Borrower during such month. Upon receipt of any L/C Application from the CompanyBorrower, the Issuing Lender will process such L/C Application, and the other certificates, documents and other papers delivered to the Issuing Lender in connection therewith, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of Credit to the beneficiary thereof and by furnishing a copy thereof to the CompanyBorrower and, after the end of the calendar month in which such Letter of Credit was opened, to the other Lenders, provided that no such Letter of Credit shall be issued if subsection 3.1 Section 2.1 would be violated thereby.

Procedure for Opening Letters of Credit. The Issuing Lender will notify the Administrative Agent and each Lender after the end of each calendar month of any L/C Applications received by the Issuing Lender from the Company during such month. Upon receipt of any L/C Application from the Company, the Issuing Lender will process such L/C Application, and the other certificates, documents and other papers delivered to the Issuing Lender in connection therewith, in accordance with its customary procedures and, subject to the terms and conditions hereof, shall promptly open such Letter of Credit by issuing the original of such Letter of Credit to the beneficiary thereof and by furnishing a copy thereof to the Company, provided that no such Letter of Credit shall be issued if subsection 3.1 would be violated thereby.