Common use of All Letters of Credit Clause in Contracts

All Letters of Credit. The Agent shall not be required to issue any Letter of Credit and the Lenders shall not be required to participate in any Letter of Credit (including the initial Letter of Credit) hereunder unless the Borrower has furnished to the Agent with sufficient copies for the Lenders: (i) a completed Letter of Credit Request with regard to each such Letter of Credit; (ii) all fees to be paid to the Agent in connection with each Letter of Credit shall have been paid; and (iii) such other documents as the Agent, any Lender or its respective counsel may have reasonably requested. Any Letter of Credit Request delivered to the Agent shall be deemed a representation and warranty to the Agent and the Lenders that: (i) there exists no Default or Event of Default; (ii) the representations and warranties contained in Article 5 hereof are true and correct as of the issuance date of each Letter of Credit except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall be true and correct on and as of such earlier date; and (iii) no event has occurred, or condition exists, which could have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Petco Animal Supplies Inc)

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All Letters of Credit. The Agent shall not be required to issue any Letter of Credit and the Lenders shall not be required to participate in any Letter of Credit (including the initial Letter of Credit) hereunder unless the Borrower has furnished to the Agent with sufficient copies for the Lenders: : (i) a completed Letter of Credit Request with regard to each such Letter of Credit; ; (ii) all fees to be paid to the Agent in connection with each Letter of Credit shall have been paid; and and (iii) such other documents as the Agent, any Lender or its respective counsel may have reasonably requested. Any Letter of Credit Request delivered to the Agent shall be deemed a representation and warranty to the Agent and the Lenders that: : (i) there exists no Default or Event of Default; ; (ii) the representations and warranties contained in Article 5 hereof are true and correct as of the issuance date of each Letter of Credit except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall be true and correct on and as of such earlier date; and and (iii) no event has occurred, or condition exists, which could have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Petco Animal Supplies Inc)

All Letters of Credit. The Agent shall not be required to issue any --------------------- Letter of Credit and the Lenders shall not be required to participate in any Letter of Credit (including the initial Letter of Credit) hereunder unless the Borrower has furnished to the Agent with sufficient copies for the LendersAgent: (i) a completed Letter of Credit Request with regard to each such Letter of Credit; (ii) all fees to be paid to the Agent in connection with each Letter of Credit shall have been paid; and (iii) such other documents as the Agent, any Lender or its respective counsel may have reasonably requested. Any Letter of Credit Request delivered to the Agent shall be deemed a representation and warranty to the Agent and the Lenders that: (i) there exists no Default or Event of Default; (ii) the representations and warranties contained in Article 5 hereof are true and correct as of the issuance date of each Letter of Credit except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall be true and correct on and as of such earlier date; and (iii) no event has occurred, or condition exists, which could have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Petco Animal Supplies Inc)

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All Letters of Credit. The Agent shall not be required to issue any Letter of Credit and the Lenders shall not be required to participate in any Letter of Credit (including the initial Letter of Credit) hereunder unless the Borrower Pacific has furnished to the Agent with sufficient copies for the Lenders: (i) a completed Letter of Credit Request with regard to each such Letter of Credit; (ii) all fees to be paid to the Agent in connection with each Letter of Credit shall have been paid; and (iii) such other documents as the Agent, any Lender or its respective counsel may have reasonably requested. Any Letter of Credit Request delivered to the Agent shall be deemed a representation and warranty to the Agent and the Lenders that: (i) there exists no Default or Event of Default; (ii) the representations and warranties contained in Article 5 hereof are true and correct as of the issuance date of each Letter of Credit except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall be true and correct on and as of such earlier date; and (iii) no event has occurred, or condition exists, which could have a Material Adverse Effect.

Appears in 1 contract

Samples: Credit Agreement (Pacific Scientific Co)

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