Conditions Precedent to all Credit Extensions. The obligation of each Lender to make any Advance to any Borrower and of the LC Issuer to issue or modify any Facility LC for the account of any Borrower shall be subject to the further conditions precedent that on the date of such Credit Extension the following statements shall be true, and (a) the giving of the applicable Notice of Borrowing and the acceptance by the applicable Borrower of the proceeds of Advances pursuant thereto and (b) the request by a Borrower for the issuance or Modification of a Facility LC shall, in each case, constitute a representation and warranty by such Borrower that on the date of the making of such Advances or the issuance or Modification of such Facility LC such statements are true:
Appears in 10 contracts
Samples: Day Credit Agreement, Credit Agreement (Commonwealth Edison Co), Credit Agreement
Conditions Precedent to all Credit Extensions. The obligation of each Lender to make any Advance to any Borrower and of the each LC Issuer to issue or modify any Facility LC for the account of any Borrower shall be subject to the further conditions precedent that (a) the Effective Date shall have occurred and (b) on the date of such Credit Extension Extension, the following statements shall be true, true (and (ax) the giving of the applicable Notice of Borrowing and the acceptance by the applicable Borrower of the proceeds of Advances pursuant thereto and (by) the request by a the Borrower for the issuance or Modification of a Facility LC shall, in each case, (as applicable) shall constitute a representation and warranty by such the Borrower that on the date of the making of such Advances or the issuance or Modification of such Facility LC such statements are true:):
Appears in 9 contracts
Samples: Credit Agreement, Credit Agreement, Credit Agreement
Conditions Precedent to all Credit Extensions. The obligation of each Lender to make any Advance to any Borrower and of the each LC Issuer to issue or modify any Facility LC for the account of any Borrower shall be subject to the further conditions precedent that (a) the Effective Date shall have occurred and (b) on the date of such Credit Extension Extension, the following statements shall be true, true (and (ai) the giving of the applicable Notice of Borrowing and the acceptance by the applicable Borrower of the proceeds of Advances pursuant thereto and (bii) the request by a the Borrower for the issuance or Modification of a Facility LC shall, in each case, (as applicable) shall constitute a representation and warranty by such the Borrower that on the date of the making of such Advances or the issuance or Modification of such Facility LC such statements are true:):
Appears in 8 contracts
Samples: Credit Agreement (Baltimore Gas & Electric Co), Credit Agreement (Baltimore Gas & Electric Co), Credit Agreement (Baltimore Gas & Electric Co)
Conditions Precedent to all Credit Extensions. The obligation of each Lender to make any Advance to any Borrower and of the each LC Issuer to issue or modify Modify any Facility LC for the account of any Borrower shall be subject to the further conditions precedent that (a) the Effective Date shall have occurred and (b) on the date of such Credit Extension Extension, the following statements shall be true, true (and (ax) the giving of the applicable Notice of Borrowing and the acceptance by the applicable Borrower of the proceeds of Advances pursuant thereto and (by) the request by a the Borrower for the issuance or Modification of a Facility LC shall, in each case, (as applicable) shall constitute a representation and warranty by such the Borrower that on the date of the making of such Advances or the issuance or Modification of such Facility LC such statements are true:):
Appears in 4 contracts
Samples: Credit Agreement, Credit Agreement (Baltimore Gas & Electric Co), Credit Agreement
Conditions Precedent to all Credit Extensions. The obligation of each Lender to make any Advance to any Borrower and of the LC Issuer to issue or modify any Facility LC for the account of any Borrower shall be subject to the further conditions precedent that on the date of such Credit Extension the following statements shall be true, and (ai) the giving of the applicable Notice of Borrowing and the acceptance by the applicable Borrower of the proceeds of Advances pursuant thereto and (bii) the request by a Borrower for the issuance or Modification modification of a Facility LC shall, in each case, constitute a representation and warranty by such Borrower that on the date of the making of such Advances or the issuance or Modification modification of such Facility LC such statements are true:
Appears in 1 contract
