Conditions Precedent to Issuance of Commercial Paper Sample Clauses

Conditions Precedent to Issuance of Commercial Paper. Issuance of Letter of Credit and Initial Advance. The right of the Borrower to issue one or more Commercial Paper Notes on the occasion of the initial Credit Event, the obligation of the Co-Agent to issue the Letter of Credit Amendment on the occasion of the initial Credit Event, and the obligation of the Banks to make the initial Advances under this Agreement shall in each case be subject to the payment in full prior to the time of the (i) issuance of such Commercial Paper Notes, (ii) issuance of such Letter of Credit Amendment, or (iii) making of the initial Advance under this Agreement, as the case may be, of the obligations of the Borrower incurred under this Agreement prior to such issuance of Commercial Paper Notes or Letter of Credit Amendment or the making of such Advance (including, without limitation, the Borrower's obligations to pay fees to the Agent, the Co-Agent and the Banks and to reimburse reasonable fees and disbursements of counsel to the Agent and the Co-Agent), and the receipt by the Agent of the following, in form and substance satisfactory to the Agent and the Co-Agent:
Sample 1
AutoNDA by SimpleDocs
Conditions Precedent to Issuance of Commercial Paper. The right of the Borrower to issue one or more Commercial Paper Notes on the occasion of any Credit Event shall be subject to the fulfillment at or prior to the time of the issuance of such Commercial Paper Notes of each of the following conditions in addition to all other conditions set forth in Section 7.01 and Section 7.02:
Sample 1

Related to Conditions Precedent to Issuance of Commercial Paper

  • Conditions Precedent to Initial Loans and Letters of Credit The obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject to the satisfaction or due waiver in accordance with Section 11.1 (

  • Conditions Precedent to Initial Extension of Credit The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

  • Conditions Precedent to Each Loan and Letter of Credit The obligation of each Lender on any date (including the Closing Date) to make any Loan and of each Issuer on any date (including the Closing Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

  • Conditions Precedent to Loans and Letters of Credit 57 Section 3.1. Conditions to Effectiveness 57 Section 3.2. Conditions to Each Credit Event 60 Section 3.3. Delivery of Documents 60

  • Conditions Precedent to Initial Loans In addition to the conditions set forth in Section 6.2, Lenders shall not be required to fund any requested Loan, issue any Letter of Credit, or otherwise extend credit to Borrowers hereunder, until the date (“Closing Date”) that each of the following conditions has been satisfied:

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to Initial Loans and Letter of Credit Accommodations Each of the following is a condition precedent to Lender making the initial Loans and providing the initial Letter of Credit Accommodations hereunder:

  • Conditions Precedent to Each Extension of Credit Before any extension of credit governed by this agreement, whether by disbursement of a loan, issuance of a letter of credit or otherwise, the following conditions must be satisfied:

  • Conditions Precedent to Credit Extensions 45 4.01 Conditions of Initial Credit Extension...........................................................45 4.02 Conditions to all Credit Extensions..............................................................46

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make its initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Agent and each Lender of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

Time is Money Join Law Insider Premium to draft better contracts faster.