Common use of All Borrowings and Letters of Credit Clause in Contracts

All Borrowings and Letters of Credit. The obligation of each Lender to fund any Loan on the occasion of any Borrowing (including the initial Borrowing) and the obligation of the Letter of Credit Issuer to issue any Letter of Credit shall be subject to the satisfaction of each of the conditions precedent set forth in this Section 5.2.

Appears in 8 contracts

Samples: Credit Agreement (Novamed Inc), Pledge Agreement (Novamed Inc), Credit Agreement (Novamed Inc)

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All Borrowings and Letters of Credit. The obligation of each Lender to fund the Term Loan and any Loan on the occasion of any Borrowing (including the initial Borrowing) and the obligation of the Letter of Credit Issuer to issue any Letter of Credit shall be subject to the satisfaction of each of the conditions precedent set forth in this Section 5.2.

Appears in 3 contracts

Samples: Credit Agreement (Novamed Inc), Credit Agreement (Novamed Inc), Credit Agreement (Novamed Inc)

All Borrowings and Letters of Credit. The obligation of each Lender to fund any Loan on the occasion of any Borrowing (including the initial Borrowing) and the obligation obligations of the Letter of Credit Issuer to issue any Letter of Credit (including the initial Letter of Credit) and of the Lenders to participate therein shall be subject to the satisfaction of each of the conditions precedent set forth in this Section 5.2.

Appears in 2 contracts

Samples: Credit Agreement (Copano Energy, L.L.C.), Credit Agreement (National Energy Group Inc)

All Borrowings and Letters of Credit. The obligation of each Lender Bank to fund any Loan on the occasion of any Borrowing (including the initial Borrowing) and the obligation of the Letter obligations of Credit the Issuer to issue any Letter of Credit (including the initial Letter of Credit) and of the Banks to participate therein shall be subject to the satisfaction of each of the conditions precedent set forth in this Section 5.2.

Appears in 2 contracts

Samples: Credit Agreement (Magnum Hunter Resources Inc), Credit Agreement (Magnum Hunter Resources Inc)

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All Borrowings and Letters of Credit. The obligation of ------------------------------------ each Lender to fund any Loan on the occasion of any Borrowing (including the initial Borrowing) and the obligation of the Letter of Credit Issuer to issue any Letter of Credit shall be subject to the satisfaction of each of the conditions precedent set forth in this Section 5.2.

Appears in 1 contract

Samples: Credit Agreement (Novamed Eyecare Inc)

All Borrowings and Letters of Credit. The obligation of each Lender to fund any Loan on the occasion of any Borrowing (including the initial Borrowing) and the obligation of the Letter obligations of Credit the Issuer to issue any Letter of Credit (including the initial Letter of Credit) and of the Lenders to participate therein shall be subject to the satisfaction (unless waived in accordance with Section 10.1) of each of the conditions precedent set forth in this Section 5.2.

Appears in 1 contract

Samples: Credit Agreement (Escalera Resources Co.)

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