CONDITIONS PRECEDENT TO ADVANCES AND LETTERS OF CREDIT. The obligation of the Lender to make Loans comprising an Advance or of the Lender to issue standby letters of credit hereunder or to renew or extend Letters of Credit shall be subject to the satisfaction of each of the following conditions:
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Samples: Credit Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.), Credit Agreement (Reef Oil & Gas Income & Development Fund III LP)
CONDITIONS PRECEDENT TO ADVANCES AND LETTERS OF CREDIT. The obligation of the each Lender to make Loans comprising an Advance or of the Lender Administrative Agent to issue standby letters of credit hereunder on behalf of the Lenders or to renew or extend Letters of Credit shall be subject to the satisfaction of each of the following conditions:
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CONDITIONS PRECEDENT TO ADVANCES AND LETTERS OF CREDIT. The obligation of the Lender to make Loans comprising an Advance Advances or of the Lender to issue standby letters of credit hereunder or to renew or extend Letters of Credit shall be subject to the satisfaction of each of the following conditions:
Appears in 1 contract
CONDITIONS PRECEDENT TO ADVANCES AND LETTERS OF CREDIT. The obligation of the Lender to make Loans comprising an Advance or of the Lender to issue standby letters of credit hereunder or to renew or extend standby Letters of Credit shall be subject to the satisfaction of each of the following conditions:
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