ACTIONS WITH LENDERS Clause Samples

ACTIONS WITH LENDERS. Purchaser and PGT shall have either (i) taken all actions reasonably necessary (including providing reasonable guarantees or providing other suitable credit assurances) to Bank One Texas, N.A. and National Bank of Canada for the purpose of allowing Purchaser to assume the obligations of Sellers under the credit facilities with such lenders, or (ii) provided substitute letters of credit or other credit support in form and substance reasonably satisfactory to Sellers to replace all letters of credit issued by Sellers that are outstanding on the Closing Date.