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 the Issuing Bank to issue any Letter of Credit requested by the Company is subject to satisfaction of the following conditions precedent: (a) Conditions to Loans shall be Satisfied. Each of the -------------------------------------- conditions specified in Sections 6.1 and 6.2 to Borrowings shall also -------------------- be applicable as conditions precedent to the issuance of any Letter of Credit.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/), Revolving Credit Agreement (Standard Pacific Corp /De/)

AutoNDA by SimpleDocs

Conditions Precedent to Issuance of Letters of Credit. The obligation of the Issuing Bank Lender to issue any Letter of Credit requested by the Company Borrower is subject to satisfaction of the following conditions precedent:precedent (in addition to those set forth above in this Section 4.15): (ai) Conditions to Loans Advances shall be Satisfied. Each of the -------------------------------------- conditions specified in Sections 6.1 and 6.2 to Borrowings Section 4.8 shall also -------------------- be applicable as conditions precedent to the issuance of any Letter of Credit.

Appears in 1 contract

Samples: Loan Agreement (Hudson Pacific Properties, Inc.)

Conditions Precedent to Issuance of Letters of Credit. The obligation of the Issuing Bank to issue any Letter of Credit requested by the Company is subject to satisfaction of the following conditions precedent: (a) Conditions to Loans shall be Satisfied. Each of the -------------------------------------- conditions specified in Sections 6.1 and 6.2 to Borrowings shall also -------------------- ------------ --- be applicable as conditions precedent to the issuance of any Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)

Conditions Precedent to Issuance of Letters of Credit. The obligation of the any Issuing Bank to issue issue, increase, or renew any Letter of Credit requested by the Company Borrower is subject to satisfaction of the following conditions precedent: (ai) Conditions to Loans shall be Satisfied. Each of the -------------------------------------- conditions specified in Sections 6.1 and 6.2 to Borrowings shall also -------------------- be applicable as conditions precedent to the issuance issuance, increase, or renewal of any Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)

Conditions Precedent to Issuance of Letters of Credit. The ----------------------------------------------------- obligation of the Issuing Bank to issue any Letter of Credit requested by the Company is subject to satisfaction of the following conditions precedent: (a) Conditions to Loans shall be Satisfied. Each of the -------------------------------------- conditions specified in Sections 6.1 6.2 and 6.2 6.3 to Borrowings shall also be -------------------- be applicable as conditions precedent to the issuance of any Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)

AutoNDA by SimpleDocs

Conditions Precedent to Issuance of Letters of Credit. The obligation of the Issuing Bank to issue any Letter of Credit requested by the Company is subject to satisfaction of the following conditions precedent: (a) Conditions to Loans shall be Satisfied. Each of the -------------------------------------- conditions specified in Sections 6.1 6.2 and 6.2 6.3 to Borrowings shall also -------------------- be applicable as conditions precedent to the issuance of any Letter of Credit.

Appears in 1 contract

Samples: Credit Agreement (Pan Pacific Retail Properties Inc)

Conditions Precedent to Issuance of Letters of Credit. The obligation of the any Issuing Bank to issue issue, increase, or renew any Letter of Credit requested by the Company Borrower is subject to satisfaction of the following conditions precedent: (ai) Conditions to Loans Borrowings shall be Satisfied. Each of the -------------------------------------- conditions specified in Sections 6.1 and 6.2 to Borrowings shall also -------------------- be applicable as conditions precedent to the issuance issuance, increase, amendment, or renewal of any Letter of Credit.

Appears in 1 contract

Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!