Common use of REPORTS BY ISSUING BANKS Clause in Contracts

REPORTS BY ISSUING BANKS. Each Issuing Bank shall furnish ------------------------ to the Administrative Agent (who shall furnish a copy to each Revolving Lender) (i) on the fifth Business Day of each month a written report summarizing Issuance and expiration dates of Letters of Credit Issued by such Issuing Bank during the preceding month and all Letter of Credit Drawings during such month under all Letters of Credit Issued by such Issuing Bank, and (ii) two Business Days prior to the last Business Day of each March, June, September and December, a written report setting forth the average daily Letter of Credit Usage during the preceding calendar quarter of all Letters of Credit Issued by such Issuing Bank.

REPORTS BY ISSUING BANKS. Each Issuing Bank shall furnish ------------------------ to ------------------------- the Administrative Agent (who shall furnish a copy to each Revolving Lender) (i) on the fifth Business Day of each month a written report summarizing Issuance and expiration dates of Letters of Credit Issued by such Issuing Bank during the preceding month and all Letter of Credit Drawings during such month under all Letters of Credit Issued by such Issuing Bank, and (ii) two Business Days prior to the last Business Day of each March, June, September and December, a written report setting forth the average daily Letter of Credit Usage during the preceding calendar quarter of all Letters of Credit Issued by such Issuing Bank.