In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day) (B) the amount thereof (C) the expiry date thereof (D) the name and address of the beneficiary thereof (E) the documents to be presented by such beneficiary in case of any drawing thereunder (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder and (G) such other matters as the L/C Issuer may require. at least two Business Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be. Such Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent not later than 11:00 a.m. Procedures for Issuance and Amendment of Letters of Credit Auto-Extension Letters of Credit (i) Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Borrower. Loan Document Pursuant to Existing Credit Agreement This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article X thereof. Related to FEDERAL FACILITY AGREEMENT SCOPEĬredit Agreement Governs Except as set forth in this Agreement, the New Term Loans shall otherwise be subject to the provisions of the Credit Agreement and the other Credit Documents.Ĭredit Agreement Definitions Unless otherwise defined herein or the context otherwise requires, terms used in this Security Agreement, including its preamble and recitals, have the meanings provided in the Credit Agreement.Ĭredit Agreement Amendments Effective as of the Fourth Amendment Effective Date, the Existing Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages of the Existing Credit Agreement attached as Exhibit A hereto.Ĭredit Agreement Amendment The parties agree that, subject to the satisfaction of the conditions precedent to effectiveness set forth below: Continuing Security Interest: Assignments under Credit Agreement.Enforcement of Due-on-Sale Clauses Assumption and Modification Agreements Certain Assignments. Agreement to Repay Letter of Credit Drawings.Procedures for Issuance and Amendment of Letters of Credit Auto-Extension Letters of Credit.Loan Document Pursuant to Existing Credit Agreement.
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