All Loans and Letters of Credit. The obligation of the Lenders to make any Loan on a Borrowing Date, and the obligation of the Issuing Bank to issue a Letter of Credit on a Borrowing Date, is subject to the satisfaction of the following conditions precedent as of the date of such Loan or Letter of Credit:
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Samples: Security Agreement (Salem Communications Corp /De/), Credit Agreement (Salem Communications Corp /De/), Credit Agreement (Salem Communications Corp /De/)
All Loans and Letters of Credit. The obligation of the Lenders each Bank to make any a Loan on a Borrowing Date, and the obligation of the Issuing Bank to issue a Letter of Credit on a Borrowing DateBank to issue, and the L/C Participants to participate in, any Letter of Credit, is subject to the satisfaction of the following conditions precedent as of on the date of such Loan or Letter of Creditrelevant Borrowing Date:
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