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Common use of C I T A L S Clause in Contracts

C I T A L S. A. It is a condition precedent to the obligation of the Lenders to make their respective loans to and extensions of credit on behalf of the Borrower under the Credit Agreement that the Grantors shall have executed and delivered this Agreement to the Administrative Agent for the ratable benefit of the Lenders.

Appears in 4 contracts

Samples: Guaranty and Collateral Agreement (ABC Funding, Inc), Guaranty and Collateral Agreement (Northern Oil & Gas, Inc.), Guaranty and Collateral Agreement (Rex Energy Corp)

C I T A L S. A. It is a condition precedent to the obligation of the Lenders to make their respective loans to and extensions of credit on behalf of the Borrower under the Credit Term Loan Agreement that the Grantors shall have executed and delivered this Agreement to the Administrative Agent for the ratable benefit of the Lenders.

Appears in 2 contracts

Samples: Second Lien Guaranty and Collateral Agreement (ABC Funding, Inc), Second Lien Guaranty and Collateral Agreement (Petro Resources Corp)

C I T A L S. A. It is a condition precedent to the obligation of the Lenders to make their respective loans to and extensions of credit on behalf of to the Borrower under the Credit Agreement that the Grantors Obligors shall have executed and delivered this Agreement to the Administrative Agent for the ratable benefit of the Lenders.

Appears in 1 contract

Samples: Second Lien Credit Agreement (LRR Energy, L.P.)