Common use of Conditions Precedent to Each Extension of Credit and Each Amendment of each Letter of Credit Clause in Contracts

Conditions Precedent to Each Extension of Credit and Each Amendment of each Letter of Credit. (i) The obligation of each Bank to make an Advance on the occasion of each Borrowing and (ii) the obligation of each Issuing Bank to (x) issue any Letter of Credit and (y) to amend any Letter of Credit to increase the Maximum Amount thereof pursuant to Section 2.01 shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such issuance, such Borrowing or such increase the following statements shall be true (and each of the giving of the applicable Notice of Issuance, Notice of Borrowing or Notice of Increase and the acceptance by the Company of the proceeds of such Borrowing shall constitute a representation and warranty by the Company that on the date of such issuance, Borrowing or increase, as the case may be, such statements are true):

Appears in 2 contracts

Samples: Credit Agreement (Cigna Group), Credit Agreement (Cigna Group)

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Conditions Precedent to Each Extension of Credit and Each Amendment of each Letter of Credit. The obligation of (i) The obligation of each Bank (a) to participate in the issuance of any Multi-Bank Letter of Credit, (b) to make an Advance on the occasion of each Borrowing Borrowing, and (ii) the obligation of each Issuing Bank to (x) issue any Letter of Credit and (yc) to amend any Letter of Credit to increase the Maximum Amount thereof pursuant to Section 2.01 and (ii) each Issuing Bank to issue any Fronted Letter of Credit shall be subject to the conditions precedent that the Restatement Effective Date shall have occurred on or prior to May 12, 2006 and on the date of such issuance, such Borrowing or such increase the following statements shall be true (and each of the giving of the applicable Notice of Issuance, Notice of Borrowing or Notice of Increase and the acceptance by the Company of the proceeds of such Borrowing shall constitute a representation and warranty by the Company that on the date of such issuance, Borrowing or increase, as the case may be, such statements are true):

Appears in 2 contracts

Samples: Letter of Credit Agreement (Cigna Corp), Letter of Credit Agreement (Cigna Corp)

Conditions Precedent to Each Extension of Credit and Each Amendment of each Letter of Credit. (i) The obligation of each Bank to make an Advance on the occasion of each Borrowing Borrowing, and (ii) the obligation of each Issuing Bank to (x) issue any Letter of Credit and (y) to amend any Letter of Credit to increase the Maximum Amount thereof pursuant to Section 2.01 shall be subject to the conditions precedent that the Effective Date shall have occurred on or prior to December 22, 2017 and on the date of such issuance, such Borrowing or such increase the following statements shall be true (and each of the giving of the applicable Notice of Issuance, Notice of Borrowing or Notice of Increase and the acceptance by the Company of the proceeds of such Borrowing shall constitute a representation and warranty by the Company that on the date of such issuance, Borrowing or increase, as the case may be, such statements are true):

Appears in 1 contract

Samples: Assignment and Assumption (Cigna Corp)

Conditions Precedent to Each Extension of Credit and Each Amendment of each Letter of Credit. (i) The obligation of each Bank (x) to participate in the issuance of any Multi-Bank Letter of Credit, (y) to make an Advance on the occasion of each Borrowing Borrowing, and (z) to amend any Multi-Bank Letter of Credit to increase the Maximum Amount thereof pursuant to Section 2.01 and (ii) the obligation of each Issuing Bank to (x) issue any Fronted Letter of Credit and (y) to amend any Fronted Letter of Credit to increase the Maximum Amount thereof pursuant to Section 2.01 shall be subject to the conditions precedent that the Effective Date shall have occurred on or prior to June 15, 2011 and on the date of such issuance, such Borrowing or such increase the following statements shall be true (and each of the giving of the applicable Notice of Issuance, Notice of Borrowing or Notice of Increase and the acceptance by the Company of the proceeds of such Borrowing shall constitute a representation and warranty by the Company that on the date of such issuance, Borrowing or increase, as the case may be, such statements are true):

Appears in 1 contract

Samples: Letter of Credit Agreement (Cigna Corp)

Conditions Precedent to Each Extension of Credit and Each Amendment of each Letter of Credit. The obligation of (i) The obligation of each Bank (a) to participate in the issuance of any Multi-Bank Letter of Credit, (b) to make an Advance on the occasion of each Borrowing Borrowing, and (ii) the obligation of each Issuing Bank to (x) issue any Letter of Credit and (yc) to amend any Letter of Credit to increase the Maximum Amount thereof pursuant to Section 2.01 and (ii) each Issuing Bank to issue any Fronted Letter of Credit shall be subject to the conditions precedent that the Effective Date shall have occurred on or prior to June 19, 2007 and on the date of such issuance, such Borrowing or such increase the following statements shall be true (and each of the giving of the applicable Notice of Issuance, Notice of Borrowing or Notice of Increase and the acceptance by the Company of the proceeds of such Borrowing shall constitute a representation and warranty by the Company that on the date of such issuance, Borrowing or increase, as the case may be, such statements are true):

Appears in 1 contract

Samples: Credit Agreement (Cigna Corp)

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Conditions Precedent to Each Extension of Credit and Each Amendment of each Letter of Credit. (i) The obligation of each Bank (x) to participate in the issuance of any Multi-Bank Letter of Credit, (y) to make an Advance on the occasion of each Borrowing Borrowing, and (z) to amend any Multi-Bank Letter of Credit to increase the Maximum Amount thereof pursuant to Section 2.01 and (ii) the obligation of each Issuing Bank to (x) issue any Fronted Letter of Credit and (y) to amend any Fronted Letter of Credit to increase the Maximum Amount thereof pursuant to Section 2.01 shall be subject to the conditions precedent that the Effective Date shall have occurred on or prior to December 12, 2014 and on the date of such issuance, such Borrowing or such increase the following statements shall be true (and each of the giving of the applicable Notice of Issuance, Notice of Borrowing or Notice of Increase and the acceptance by the Company of the proceeds of such Borrowing shall constitute a representation and warranty by the Company that on the date of such issuance, Borrowing or increase, as the case may be, such statements are true):

Appears in 1 contract

Samples: Credit Agreement (Cigna Corp)

Conditions Precedent to Each Extension of Credit and Each Amendment of each Letter of Credit. (i) The obligation of each Bank to make an Advance on the occasion of each Borrowing Borrowing, and (ii) the obligation of each Issuing Bank to (x) issue any Letter of Credit and (y) to amend any Letter of Credit to increase the Maximum Amount thereof pursuant to Section 2.01 shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such issuance, such Borrowing or such increase the following statements shall be true (and each of the giving of the applicable Notice of Issuance, Notice of Borrowing or Notice of Increase and the acceptance by the Company of the proceeds of such Borrowing shall constitute a representation and warranty by the Company that on the date of such issuance, Borrowing or increase, as the case may be, such statements are true):

Appears in 1 contract

Samples: Credit Agreement (Cigna Corp)

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