Common use of Reports to Agent Clause in Contracts

Reports to Agent. Each Issuing Bank shall deliver to Agent, no later ---------------- than 10 days after the end of each calendar month, a summary of all outstanding Letters of Credit issued by the Issuing Bank. Said summary shall include the date of issuance, the expiry date and the amount (in the applicable currency and the Equivalent Amount thereof) available to be drawn under each Letter of Credit. Upon receipt of said summary by Agent from the Issuing Banks, Agent shall provide a copy to the Company.