Conditions Precedent to Each Tender Advance or Modification. The obligation of each Lender or LC Issuer to make any Tender Advance and of each LC Issuer to issue or modify any Xxxx XX shall be subject to the conditions precedent that on the date of such Credit Extension, the following statements shall be true (and (x) on the date of each payment by any LC Issuer under a Xxxx XX pursuant to a Tender Draft, and on the date of making any Tender Advance and (y) the request by the Borrower for the issuance or Modification of a Xxxx XX shall constitute a representation and warranty by the Borrower that on the date of the making of such Tender Advances or the issuance or Modification of such Xxxx XX (as applicable) such statements are true):
Appears in 5 contracts
Samples: Credit Agreement (Baltimore Gas & Electric Co), Credit Agreement (Commonwealth Edison Co), Credit Agreement
