CONDITIONS OF LENDING - ALL LOANS. The obligation of each Lender to make any Loan (which shall not include a continuation or conversion of a Loan pursuant to and in accordance with Section 2.7) and of the Issuing Bank to issue, amend, renew or extend a Letter of Credit, is subject to the satisfaction of the following conditions:
Appears in 5 contracts
Samples: 364 Day Credit Agreement (Cleco Power LLC), 364 Day Credit Agreement (Cleco Corp), Credit Agreement (Cleco Power LLC)
CONDITIONS OF LENDING - ALL LOANS. The obligation of each Lender to make any Loan (which shall not include a continuation or conversion of a Loan pursuant to and in accordance with Section 2.7) and of the Issuing Bank to issue, amend, renew or extend a Letter of Credit, is subject to the satisfaction of the following conditionsconditions precedent as of the date of such Loan:
Appears in 4 contracts
Samples: 364 Day Credit Agreement (Cleco Utility Group Inc), 364 Day Credit Agreement (Cleco Utility Group Inc), Revolving Credit Agreement (Cleco Utility Group Inc)
CONDITIONS OF LENDING - ALL LOANS. The obligation of each Lender to make any Loan (which shall not include a continuation or conversion of a Loan pursuant to and in accordance with Section 2.7) and of the Issuing Bank to issue, amend, renew or extend issue a Letter of Credit, Credit is subject to the satisfaction of the following conditionsconditions precedent as of the date of such Loan or issuance:
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