Common use of Commitment and Conditions Clause in Contracts

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower Representative, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers (or, as long as the Borrowers remain responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a Borrower), Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Termination Date and 7 days prior to the date specified in clause (a) of the definition of Revolving Termination Date; provided, however, that such L/C Issuer shall not Issue any Letter of Credit upon the occurrence of any of the following or, if after giving effect to such Issuance:

Appears in 2 contracts

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

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Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower Representative, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers (or, as long as the Borrowers remain responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a Borrower), Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Termination Date and 7 days prior to the date specified in clause (a) of the definition of Revolving Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 2 contracts

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

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to IssueIssue or cause to be Issued, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerGroup Member), Letters of Credit (denominated in DollarsDollars and with face amounts that are at least $100,000) from time to time on any Business Day during the period from the Initial Original Closing Date through the earlier of the Revolving Credit Termination Date and 7 days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Duff & Phelps Corp)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts CREDIT AGREEMENT MEDICAL STAFFING NETWORK, INC. drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerGroup Member), Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Credit Termination Date and 7 days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Medical Staffing Network Holdings Inc)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeAdministrative Loan Party on behalf of Borrowers, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers (or, as long as the Borrowers remain responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerLoan Party), Letters of Credit (denominated in DollarsDollars and with face amounts that are multiples of $100,000) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Credit Termination Date and 7 seven (7) days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Revolving Credit Agreement (Genesis Healthcare, Inc.)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s 's usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of Holdings or any Subsidiary of a Borrower), Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Termination Date and 7 seven (7) days prior to the date specified in clause (a) of the definition of Revolving Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (CSAV Holding Corp.)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerGroup Member), Letters of Credit (denominated in DollarsDollars in a minimum face amount of $1,000,000 for each Letter of Credit) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Credit Termination Date and 7 5 days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Alere Inc.)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower Representativeon behalf of Borrower, in accordance with such L/C Issuer’s 's usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerGroup Member), Letters of Credit (denominated in DollarsDollars and with face amounts that are multiples of $100,000) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Credit Termination Date and 7 days prior to the date specified in clause (a) of the definition of Revolving Termination Scheduled Maturity Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit for the account of Borrower upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit and Term Loan Agreement (PROS Holdings, Inc.)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a Borrower), Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Termination Date and 7 days prior to the date specified in clause (a) of the definition of Revolving Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Ute Energy Upstream Holdings LLC)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to IssueIssue or cause to be Issued, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerGroup Member), Letters of Credit (denominated in DollarsDollars and with face amounts that are at least $100,000) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Credit Termination Date and 7 days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Duff & Phelps CORP)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of Parent or any Subsidiary of a Borrower), Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Termination Date and 7 10 days prior to the date specified in clause (a) of the definition of Revolving Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon during the occurrence continuance of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Ignite Restaurant Group, Inc.)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s 's usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a Borrower), Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Termination Date and 7 5 days prior to the date specified in clause (a) of the definition of Revolving Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Banctec Inc)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerGroup Member), Letters of Credit (denominated in DollarsDollars and with minimum face amounts of at least $100,000) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Credit Termination Date and 7 days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Danka Business Systems PLC)

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Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of Holdings or any Restricted Subsidiary of a Borrower), Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Termination Date and 7 days prior to the date specified in clause (a) of the definition of Revolving Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Archipelago Learning, Inc.)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s 's usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerGroup Member), Letters of Credit (denominated in DollarsDollars in a minimum face amount of $1,000,000 for each Letter of Credit) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Credit Termination Date and 7 days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Intercreditor Agreement (Inverness Medical Innovations Inc)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower is a co-applicant under the Letter of Credit and remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a Borrowerits Subsidiaries), Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Initial Closing Date through to the earlier of the Revolving Termination Date and 7 days date five Business Days prior to the date specified in clause (a) of the definition of U.S. Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Hill International, Inc.)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeGHLLC on behalf of Borrowers, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers (or, as long as the Borrowers remain responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerLoan Party), Letters of Credit (denominated in DollarsDollars and with face amounts that are multiples of $100,000) from time to time on any Business Day during the period from the Initial Original Closing Date through the earlier of the Revolving Credit Termination Date and 7 seven (7) days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Master Lease Agreement (Genesis Healthcare, Inc.)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s 's usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerGroup Member), Letters of Credit (denominated in DollarsDollars and with face amounts that are in minimum amounts of $25,000) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Credit Termination Date and 7 seven (7) days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Goamerica Inc)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerGroup Member), Letters of Credit (denominated in DollarsDollars and with face amounts that are multiples of $100,000) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Credit Termination Date and 7 seven (7) days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (PGT, Inc.)

Commitment and Conditions. On the terms and subject to the conditions contained herein, each L/C Issuer agrees to Issue, at the request of the Borrower RepresentativeBorrower, in accordance with such L/C Issuer’s usual and customary business practices, and for the account of the Borrowers Borrower (or, as long as the Borrowers remain Borrower remains responsible for the payment in full of all amounts drawn thereunder and related fees, costs and expenses, for the account of any Subsidiary of a BorrowerGroup Member), Letters of Credit (denominated in DollarsDollars and with face amounts that are multiples of $250,000) from time to time on any Business Day during the period from the Initial Closing Date through the earlier of the Revolving Credit Termination Date and 7 days prior to the date specified in clause (a) of the definition of Scheduled Revolving Credit Termination Date; provided, however, that such L/C Issuer shall not be under any obligation to Issue any Letter of Credit upon the occurrence of any of the following orfollowing, if after giving effect to such Issuance:

Appears in 1 contract

Samples: Credit Agreement (Townsquare Media, LLC)

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