Common use of Conditions Precedent to Each Extension of Credit Clause in Contracts

Conditions Precedent to Each Extension of Credit. The obligation of each Lender to make an Advance to any Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:

Appears in 12 contracts

Samples: Credit Agreement (Firstenergy Corp), Credit Agreement, Credit Agreement (Firstenergy Corp)

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Conditions Precedent to Each Extension of Credit. The obligation of (i) each Lender to make an Advance to any Borrower as part on the occasion of any each Borrowing (including the initial Borrowing) that would increase cause the aggregate principal amount of Advances outstanding hereunder, hereunder to increase and (ii) the obligation of each Fronting LC Issuing Bank to issue, amendextend the expiry date or increase the amount of, extend or renew a any Letter of Credit (including the initial Letter of Credit for the account of such Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that that, on the date of such Extension of Credit:

Appears in 12 contracts

Samples: Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp), Credit Agreement (Alliant Energy Corp)

Conditions Precedent to Each Extension of Credit. The obligation of each Lender to make an Advance to any the Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such the Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:

Appears in 3 contracts

Samples: Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp)

Conditions Precedent to Each Extension of Credit. The obligation of each Lender and each Swing Line Lender to make an Advance to any Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (FirstEnergy Solutions Corp.), Credit Agreement (FirstEnergy Solutions Corp.)

Conditions Precedent to Each Extension of Credit. The obligation of each Lender to make an Advance to any Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:

Appears in 2 contracts

Samples: Credit Agreement (Firstenergy Corp), Credit Agreement (Jersey Central Power & Light Co)

Conditions Precedent to Each Extension of Credit. The obligation of each the Lender to make an Advance Extension of Credit to any the Borrower as part of any Borrowing (including the initial BorrowingExtensions of Credit) that would increase the aggregate principal amount of Advances obligations outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such Borrower), in each case, as part of an Extension of Credit, shall be subject to the further following conditions precedent that on the date of such Extension of Credit:

Appears in 2 contracts

Samples: Credit Agreement (FirstEnergy Solutions Corp.), Credit Agreement

Conditions Precedent to Each Extension of Credit. The obligation of (i) each Lender to make an Advance to any Borrower as part on the occasion of any each Borrowing (including the initial Borrowing) that would increase cause the aggregate principal amount of Advances outstanding hereunder, hereunder to increase and the obligation of each Fronting (ii) any LC Issuing Bank to issue, amendextend the expiry date or increase the amount of, extend or renew a Letter of Credit (including the initial any Letter of Credit for the account of such Borrower), in each case, as part of an Extension of Credit, any Borrower shall be subject to the further conditions precedent that that, on the date of such Extension of Credit:

Appears in 2 contracts

Samples: Year Master Credit Agreement (Wisconsin Power & Light Co), Master Credit Agreement (Wisconsin Power & Light Co)

Conditions Precedent to Each Extension of Credit. The obligation of each Lender to make an Advance to any Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each the Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such BorrowerCredit), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:

Appears in 2 contracts

Samples: Year Credit Agreement (Jersey Central Power & Light Co), Credit Agreement (Jersey Central Power & Light Co)

Conditions Precedent to Each Extension of Credit. The obligation of each Lender to make an Advance to any the Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such the Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:: 62

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

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Conditions Precedent to Each Extension of Credit. The obligation of each Lender to make an Advance to any Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such 63 753191373 Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

Conditions Precedent to Each Extension of Credit. β€Œ The obligation of each Lender to make an Advance to any Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement

Conditions Precedent to Each Extension of Credit. The obligation of each Lender to make an Advance to any Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such 63 753190870 Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

Conditions Precedent to Each Extension of Credit. 62 752938400 The obligation of each Lender to make an Advance to any Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

Conditions Precedent to Each Extension of Credit. 63 753191220 The obligation of each Lender to make an Advance to any Borrower as part of any Borrowing (including the initial Borrowing) that would increase the aggregate principal amount of Advances outstanding hereunder, and the obligation of each Fronting Bank to issue, amend, extend or renew a Letter of Credit (including the initial Letter of Credit for the account of such Borrower), in each case, as part of an Extension of Credit, shall be subject to the further conditions precedent that on the date of such Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

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