Common use of COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT Clause in Contracts

COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT. Subject to the provisions of this Agreement, the Revolving Credit Lenders shall make a loan or advance under the Revolving Credit and the Administrative Agent shall endeavor to have an L/C or Banker's Acceptance issued for the account of one or more of the Loan Parties, in each instance if duly and timely requested by the Lead Borrower as provided herein provided that: (a) No OverLoan is then outstanding and none will result therefrom. (b) No Borrower is then in Default and none will thereby become in Default.

Appears in 4 contracts

Samples: Loan and Security Agreement (DSW Inc.), Loan and Security Agreement (Value City Department Stores Inc /Oh), Loan and Security Agreement (DSW Inc.)

AutoNDA by SimpleDocs

COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT. Subject to the provisions of this Agreement, the Revolving Credit Lenders shall make a loan or advance under the Revolving Credit and the Administrative Agent shall endeavor to have an cause L/C or BankerC's Acceptance to be issued for the account of one or more of the Loan PartiesBorrowers' Representative, in each instance if duly and timely requested by the Lead Borrower Borrowers' Representative as provided herein provided that: (a) No OverLoan is then outstanding and none will result therefrom. (b) No Borrower is then in Default InDefault and none will thereby become in DefaultInDefault.

Appears in 1 contract

Samples: Loan and Security Agreement (Jacobson Stores Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!