Document ID: 12604

Text:
(b)Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit through Electronic System, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension, but in any event no less than three Business Days) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the name and address of the beneficiary thereof, and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Banks standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure shall not exceed $2,500,000 , (ii) no Revolving Lenders Revolving Exposure shall exceed its Revolving Commitment and (iii) the Aggregate Revolving Exposure shall not exceed the aggregate Revolving Commitments. Notwithstanding the foregoing or anything to the contrary contained herein, no Issuing Bank shall be obligated to issue or modify any Letter of Credit if, immediately after giving effect thereto, the outstanding LC Exposure in respect of all Letters of Credit issued by such Person and its Affiliates would exceed such Issuing Banks Issuing Bank Sublimit. Without limiting the foregoing and without affecting the limitations contained herein, it is understood and agreed that the Borrower may from time to time request that an Issuing Bank issue Letters of Credit in excess of its individual Issuing Bank Sublimit in effect at the time of such request, and each Issuing Bank agrees to consider any such request in good faith. Any Letter of Credit so issued by an Issuing Bank in excess of its individual Issuing Bank Sublimit then in effect shall nonetheless constitute a Letter of Credit for all purposes of the Credit Agreement, and shall not affect the Issuing Bank Sublimit of any other Issuing Bank, subject to the limitations on the aggregate LC Exposure set forth in clause (i) of this Section 2.06(b).

Named Entities:
311
316
Principal
505
506
Title

Tokenized Text:
(
b
)
Notice
of
Issuance
,
Amendment
,
Renewal
,
Extension
;
Certain
Conditions
.
To
request
the
issuance
of
a
Letter
of
Credit
(
or
the
amendment
,
renewal
or
extension
of
an
outstanding
Letter
of
Credit
)
,
the
Borrower
shall
hand
deliver
or
telecopy
(
or
transmit
through
Electronic
System
,
if
arrangements
for
doing
so
have
been
approved
by
the
Issuing
Bank
)
to
the
Issuing
Bank
and
the
Administrative
Agent
(
reasonably
in
advance
of
the
requested
date
of
issuance
,
amendment
,
renewal
or
extension
,
but
in
any
event
no
less
than
three
Business
Days
)
a
notice
requesting
the
issuance
of
a
Letter
of
Credit
,
or
identifying
the
Letter
of
Credit
to
be
amended
,
renewed
or
extended
,
and
specifying
the
date
of
issuance
,
amendment
,
renewal
or
extension
(
which
shall
be
a
Business
Day
)
,
the
date
on
which
such
Letter
of
Credit
is
to
expire
(
which
shall
comply
with
paragraph
(
c
)
of
this
Section
)
,
the
amount
of
such
Letter
of
Credit
,
the
name
and
address
of
the
beneficiary
thereof
,
and
such
other
information
as
shall
be
necessary
to
prepare
,
amend
,
renew
or
extend
such
Letter
of
Credit
.
If
requested
by
the
Issuing
Bank
,
the
Borrower
also
shall
submit
a
letter
of
credit
application
on
the
Issuing
Banks
standard
form
in
connection
with
any
request
for
a
Letter
of
Credit
.
A
Letter
of
Credit
shall
be
issued
,
amended
,
renewed
or
extended
only
if
(
and
upon
issuance
,
amendment
,
renewal
or
extension
of
each
Letter
of
Credit
the
Borrower
shall
be
deemed
to
represent
and
warrant
that
)
,
after
giving
effect
to
such
issuance
,
amendment
,
renewal
or
extension
(
i
)
the
aggregate
LC
Exposure
shall
not
exceed
$
2
,
500
,
000
,
(
ii
)
no
Revolving
Lenders
Revolving
Exposure
shall
exceed
its
Revolving
Commitment
and
(
iii
)
the
Aggregate
Revolving
Exposure
shall
not
exceed
the
aggregate
Revolving
Commitments
.
Notwithstanding
the
foregoing
or
anything
to
the
contrary
contained
herein
,
no
Issuing
Bank
shall
be
obligated
to
issue
or
modify
any
Letter
of
Credit
if
,
immediately
after
giving
effect
thereto
,
the
outstanding
LC
Exposure
in
respect
of
all
Letters
of
Credit
issued
by
such
Person
and
its
Affiliates
would
exceed
such
Issuing
Banks
Issuing
Bank
Sublimit
.
Without
limiting
the
foregoing
and
without
affecting
the
limitations
contained
herein
,
it
is
understood
and
agreed
that
the
Borrower
may
from
time
to
time
request
that
an
Issuing
Bank
issue
Letters
of
Credit
in
excess
of
its
individual
Issuing
Bank
Sublimit
in
effect
at
the
time
of
such
request
,
and
each
Issuing
Bank
agrees
to
consider
any
such
request
in
good
faith
.
Any
Letter
of
Credit
so
issued
by
an
Issuing
Bank
in
excess
of
its
individual
Issuing
Bank
Sublimit
then
in
effect
shall
nonetheless
constitute
a
Letter
of
Credit
for
all
purposes
of
the
Credit
Agreement
,
and
shall
not
affect
the
Issuing
Bank
Sublimit
of
any
other
Issuing
Bank
,
subject
to
the
limitations
on
the
aggregate
LC
Exposure
set
forth
in
clause
(
i
)
of
this
Section
2
.
06
(
b
)
.