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

Conditions Precedent to Issuance of Letters of Credit. The obligation of Bank to Issue Letters of Credit (including any Letters of Credit Issued on the Closing Date) is subject to the satisfaction of each of the following conditions:

Appears in 4 contracts

Samples: Standby Letter of Credit Agreement (Everest Group, Ltd.), Standby Letter of Credit Agreement (Everest Group, Ltd.), Standby Letter of Credit Agreement (Everest Re Group LTD)

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Conditions Precedent to Issuance of Letters of Credit. The obligation of Bank to Issue issue Letters of Credit (including any Letters of Credit Issued issued on the Closing Date) is subject to the satisfaction of each of the following conditions:

Appears in 3 contracts

Samples: Standby Letter of Credit Agreement (Everest Group, Ltd.), Standby Letter of Credit Agreement (Everest Re Group LTD), Standby Letter of Credit Agreement (Everest Re Group LTD)

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Conditions Precedent to Issuance of Letters of Credit. The obligation of Bank to Issue Letters of Credit (including any Letters of Credit Issued on the Closing Effective Date) is subject to the satisfaction of each of the following conditions:

Appears in 1 contract

Samples: Standby Letter of Credit Agreement (Everest Group, Ltd.)

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