Conditions Precedent to Issuance of the Letter of Credit. As conditions precedent to the obligation of the Bank to issue the Letter of Credit:
Conditions Precedent to Issuance of the Letter of Credit. The obligation of the Bank to issue the Letter of Credit is subject to the conditions precedent that, unless otherwise agreed to by Bank, the Bank shall have received on or before the Date of Issuance the following, each dated such date, in form and substance satisfactory to the Bank:
Conditions Precedent to Issuance of the Letter of Credit. This Agreement shall become effective, and the Bank will issue the Letter of Credit, on the date the Bonds are issued and sold to the purchaser(s) thereof, provided that all of the following conditions are met:
Conditions Precedent to Issuance of the Letter of Credit. As conditions precedent to the obligation of the Bank to issue the Letter of Credit, the District shall provide to the Bank on the Effective Date, each in form and substance satisfactory to the Bank and Bank Counsel:
Conditions Precedent to Issuance of the Letter of Credit. The obligation of the Fronting Bank to issue the Letter of Credit is subject to the conditions precedent that (i) the Administrative Agent shall have received from the Company the amounts payable by the Company to the Administrative Agent upon the issuance of the Letter of Credit in accordance with Section 2.03, (ii) the Administrative Agent shall have received from the Company pursuant to Section 9.07 payment for the costs and expenses, including legal expenses for which an invoice has been submitted to the Company, of the Administrative Agent incurred and unpaid through such date and (iii) the Administrative Agent shall have received on or before the Date of Issuance the following, each dated such date, in form and substance satisfactory to the Administrative Agent and the Banks, with copies for each Bank:
Conditions Precedent to Issuance of the Letter of Credit. The obligation of the Bank to issue the Letter of Credit is subject to the conditions precedent that the Bonds are issued and sold to the purchaser(s) thereof and all of the following conditions are met:
Conditions Precedent to Issuance of the Letter of Credit. As conditions precedent to the obligation of the Bank to issue the Letter of Credit, the City or the Authority, as applicable, shall provide to the Bank on the Closing Date, each in form and substance satisfactory to the Bank and the Bank’s counsel, Xxxxxxx and Xxxxxx LLP (hereinafter, “Bank Counsel”):
Conditions Precedent to Issuance of the Letter of Credit. 16 Section 4.1 Delivery of Documents 16 Section 4.2 Representations 16 Section 4.3 Opinion of Counsel 17 Section 4.4 Opinion of Bond Counsel 17 Section 4.5 Certificates 17 Section 4.6 Fiscal Agent 17 Section 4.7 Rating 17 Section 4.8 Documents and Proceedings 17 Section 4.9 Fees 18 Section 4.10 Evidence of Payment of Prior Bank 18 Section 4.11 Bank Bond CUSIP 18 ARTICLE V REPRESENTATIONS AND WARRANTIES 18 Section 5.1 Existence and Standing 18 Section 5.2 Authorization and Validity 18 Section 5.3 Compliance with Laws and Contracts 19 Section 5.4 Priority 19 Section 5.5 Litigation 19 Section 5.6 No Default 20 Section 5.7 Liens 20 Section 5.8 Validity of Lien 20 Section 5.9 Financial Statements 20 Table of Contents (continued) Page Section 5.10 1998 Ordinance and Bond Authorization 20 Section 5.11 Immunity 20 Section 5.12 Disclosure 21 Section 5.13 Representations in Related Documents 21 Section 5.14 Title to Properties 21 Section 5.15 Regulation U 21 ARTICLE VI AFFIRMATIVE COVENANTS OF THE CITY 21 Section 6.1 Reporting Requirements 21 Section 6.2 Ordinary Course of Business; Records 23 Section 6.3 Notices 23 Section 6.4 Inspection Rights 23 Section 6.5 Payment of Obligations 24 Section 6.6 Laws and Contracts 24 Section 6.7 Compliance with Related Documents 24 Section 6.8 Consents and Notices Under Related Documents 25 Section 6.9 Limitation on Optional Calls and Conversions 25 Section 6.10 Further Assurances 25 Section 6.11 Debt Service and Other Payments 26 Section 6.12 Remarketing Agent 26 Section 6.13 Obligations of the City/Ordinance Covenants 26 Section 6.14 Notice of Modification of Documents 26 Section 6.15 Rate Covenant Compliance 26 Section 6.16 Insurance 26 Section 6.17 Tax-Exempt Status 27 Section 6.18 Offering Documents 27 Section 6.19 Security 27 Section 6.20 Bank Bond Ratings 27 ARTICLE VII NEGATIVE COVENANTS OF THE CITY 27 Section 7.1 Indebtedness 27 Section 7.2 Sale of Assets 27 Section 7.3 Liens 28 Section 7.4 Amendment to Documents 28 Section 7.5 Tax Exemption 28 Section 7.6 Replacement of Letter of Credit 28 Section 7.7 Fiscal Agent 28 Section 7.8 Swap Termination Payments 28 Section 7.9 Optional Redemption 28 Section 7.10 Change in Business 28 ARTICLE VIII DEFAULTS AND REMEDIES 29 Table of Contents (continued) Page Section 8.1 Defaults 29 Section 8.2 Remedies. 31 Section 8.4 Judicial Proceedings 32 ARTICLE IX MISCELLANEOUS 33 Section 9.1 Notices 33 Section 9.2 Binding Effect; Assignment 33 Section 9.3 Survival of Covenants 34 Section 9.4 ...
Conditions Precedent to Issuance of the Letter of Credit. This Reimbursement Agreement shall become effective, and the Bank will issue the Letter of Credit, on the date that all of the following conditions are met:
Conditions Precedent to Issuance of the Letter of Credit. Except as may be waived by Bank in its discretion, the obligation of Bank to issue the Letter of Credit is subject to the condition precedent that Bank shall have received on or before the day of issuance of the Letter of Credit the following, in form and substance satisfactory to Bank: This Agreement; The Mortgage, together with the following: evidence that the Mortgage has been duly recorded in all filing or recording offices that Bank may deem necessary or desirable in order to create a valid Lien on the Mortgaged Property in favor of Bank and that all filing and recording taxes and fees have been paid,
