Common use of Conditions Precedent to Issuance of Letter of Credit Clause in Contracts

Conditions Precedent to Issuance of Letter of Credit. As conditions precedent to the obligation of the Issuing Bank to issue the Letter of Credit: (a) the Applicant shall provide to the Administrative Agent and the Banks on the Closing Date, in form and substance satisfactory to the Administrative Agent and its counsel, Sidley Austin LLP (hereinafter, “Agent’s Counsel”):