Common use of Conditions Precedent to Each Borrowing and Issuance Clause in Contracts

Conditions Precedent to Each Borrowing and Issuance. The obligation of each appropriate Lender to make an Advance (other than a Letter of Credit Advance made by the Issuing Bank or a Revolving Credit Lender pursuant to Section 2.3(c) and a Swing Line Advance made by a Revolving Credit Lender pursuant to Section 2.2(b)), and the obligation of the Issuing Bank to issue a Letter of Credit (including the initial issuance thereof) or renew a Letter of Credit and the right of the Borrower to request the issuance or renewal of a Letter of Credit, shall each be subject to the further conditions precedent that on the date of each such Borrowing or issuance or renewal:

Appears in 3 contracts

Samples: Credit Agreement (Mosler Inc), Credit Agreement (Audio Book Club Inc), Credit Agreement (Private Business Inc)

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Conditions Precedent to Each Borrowing and Issuance. The obligation of each appropriate Lender to make an Advance (other than a Letter of Credit Advance made by the an Issuing Bank or a Revolving Credit Lender pursuant to Section 2.3(c) and a Swing Line Advance made by a Revolving Credit Lender pursuant to Section 2.2(b)), and the obligation of the an Issuing Bank to issue a Letter of Credit (including the initial issuance thereof) or renew a Letter of Credit and the right of the Borrower to request the issuance or renewal of a Letter of Credit, shall each be subject to the further conditions precedent that on the date of each such Borrowing or issuance or renewal:

Appears in 2 contracts

Samples: Security Agreement (Inphynet South Broward Inc), Credit Agreement (Team Health Inc)

Conditions Precedent to Each Borrowing and Issuance. The obligation of each appropriate Lender to make an Advance (other than a Letter of Credit Advance made by the Issuing Bank or a Revolving Credit Lender pursuant to Section 2.3(c) and a Swing Line Advance made by a Revolving Credit Lender pursuant to Section 2.2(b)), and the obligation of the Issuing Bank to issue a Letter of Credit (including the initial issuance thereof) or renew a Letter of Credit and the right of the Borrower to request the issuance or renewal of a Letter of Credit, Credit shall each be subject to the further conditions precedent that on the date of each such Borrowing or issuance or renewal:

Appears in 2 contracts

Samples: Credit Agreement (Cantel Medical Corp), Credit Agreement (Cantel Medical Corp)

Conditions Precedent to Each Borrowing and Issuance. The obligation of each appropriate Lender to make an Advance (other than a Letter of Credit Advance made by the Issuing Bank or a Revolving Credit Lender pursuant to Section 2.3(c) and a Swing Line Advance made by a Revolving Credit Lender pursuant to Section 2.2(b)), and the obligation of the Issuing Bank to issue a Letter of Credit (including the initial issuance thereof) or renew a Letter of Credit and the right of the Borrower Borrowers to request the issuance or renewal of a Letter of Credit, shall each be subject to the further conditions precedent that on the date of each such Borrowing or issuance or renewal:

Appears in 1 contract

Samples: Credit Agreement (Polyvision Corp)

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Conditions Precedent to Each Borrowing and Issuance. The Except as otherwise provided in this Agreement, the obligation of each appropriate Lender to make an Advance (other than a Letter of Credit Advance made by the an Issuing Bank or a Revolving Credit Lender pursuant to Section 2.3(c2.03(e)(i)) and on the occasion of each Borrowing, the obligation of the Swingline Bank to make a Swing Line Swingline Advance made by a Revolving Credit Lender pursuant to Section 2.2(b)), and the obligation of the each Issuing Bank to issue a Letter Letters of Credit (including the initial issuance thereof) or renew or extend a Letter of Credit and the right of the Borrower Funds Administrator to request the issuance or renewal of a Letter of CreditSwingline Advance, shall each be subject to the further conditions precedent that on the date of each such Borrowing or issuance or renewalrenewal or extension of a Letter of Credit:

Appears in 1 contract

Samples: Abl Credit Agreement (Accuride Corp)

Conditions Precedent to Each Borrowing and Issuance. The obligation of each appropriate Lender to make an any Advance after the Initial Extension of Credit (other than a Letter of Credit Advance made by the Issuing Bank or a Revolving Credit Lender pursuant to Section 2.3(c2.03(c)) and a Swing Line Advance made by a Revolving Credit Lender pursuant to Section 2.2(b)), and the obligation of the Issuing Bank to issue a Letter of Credit (including the initial issuance thereof) or renew a Letter of Credit and the right of the Borrower to request the issuance or renewal of a Letter of Credit, shall each be subject to the further conditions precedent that on the date of each such Borrowing or issuance or renewal:

Appears in 1 contract

Samples: Credit Agreement (Channell Commercial Corp)

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