Common use of Conditions to All Credit Events Clause in Contracts

Conditions to All Credit Events. The obligation of any Lender to make a Loan on the occasion of any Borrowing, and the obligation of any Issuing Lender to issue (or renew or extend the term of) any Letter of Credit, is subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred; (b) receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.03, or receipt by an Issuing Lender of a Letter of Credit Request as required by Section 3.03; (c) the fact that, immediately before and after giving effect to such Credit Event, no Default or Event of Default shall have occurred and be continuing; and (d) the fact that the representations and warranties of the Borrower contained in this Agreement and the other Loan Documents shall be true and correct on and as of the date of such Credit Event (except for the representations in Section 5.04(c), Section 5.06, Section 5.11 and Section 5.15, which shall be deemed only to relate to the matters referred to therein on and as of the Closing Date). Each Credit Event under this Agreement shall be deemed to be a representation and warranty by the Borrower on the date of such Credit Event as to the facts specified in clauses (c) and (d) of this Section.

Conditions to All Credit Events. The obligation of any ------------------------------- Lender to make a Loan on the occasion of any Borrowing, and the obligation of any Issuing Lender to issue (or renew or extend the term of) any Letter of Credit, is subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred; (b) receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.032.02, or receipt by an the Issuing Lender of a Letter of Credit Request as required by Section 3.03; (c) the fact that, immediately before and after giving effect to such Credit Event, no Default or Event of Default shall have occurred and be continuing; and; (d) the fact that the representations and warranties of the Borrower contained in this Agreement and the other Loan Documents shall be true and correct on and as of the date of such Credit Event (except for the representations in Section 5.04(c), Section 5.06, Section 5.11 5.12 and Section 5.155.13, which shall be deemed only to relate to the matters referred to therein on and as of the Closing Date); and (e) Since December 31, 2000, there shall have been no change in the business, assets, financial condition or operations of the Borrower and its Consolidated Subsidiaries, considered as a whole, which materially adversely affects the ability of the Borrower to perform any of its obligations under this Agreement or any other Loan Document. Each Credit Event under this Agreement shall be deemed to be a representation and warranty by the Borrower on the date of such Credit Event as to the facts specified in clauses (c), (d) and (de) of this Section.

Conditions to All Credit Events. The obligation of any Lender to make a Loan on the occasion of (other than any BorrowingLoan made pursuant to Section 3.09), and the obligation of any Issuing Lender to issue (or renew or extend the term of) any Letter of Credit, is subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred; (b) receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.032.02, or receipt by an the Issuing Lender of a Letter of Credit Request as required by Section 3.03; (c) the fact that, immediately before and after giving effect to such Credit Event, no Default or Event of Default shall have occurred and be continuing; and; (d) the fact that the representations and warranties of the Borrower contained in this Agreement and the other Loan Documents shall be true and correct on and as of the date of such Credit Event (except for the representations in Section 5.04(c), Section 5.06, Section 5.11 5.12, Section 5.16 and Section 5.155.18, which shall be deemed only to relate to the matters referred to therein on and as of the Closing Date); and (e) the Master Letter of Credit has been issued and has an amount available for drawing thereunder that is at least equal to the amount of the Revolving Commitments at such time. Each Credit Event under this Agreement shall be deemed to be a representation and warranty by the Borrower on the date of such Credit Event as to the facts specified in clauses (c) and (d) of this Section.

Conditions to All Credit Events. The obligation of any Lender to make a Loan on the occasion of any Borrowing, and the obligation of any Issuing Lender to issue (or renew or extend the term of) any Letter of Credit, is subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred; (b) receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.032.02, or receipt by an the Issuing Lender of a Letter of Credit Request as required by Section 3.03; (c) the fact that, immediately before and after giving effect to such Credit Event, no Default or Event of Default shall have occurred and be continuing; and; (d) the fact that the representations and warranties of the Borrower contained in this Agreement and the other Loan Documents shall be true and correct on and as of the date of such Credit Event (except for the representations in Section 5.04(c), Section 5.06, Section 5.11 5.12 and Section 5.155.18, which shall be deemed only to relate to the matters referred to therein on and as of the Closing Date); and (e) since December 31, 2002, there shall have been no change in the business, assets, financial condition or operations of the Borrower and its Consolidated Subsidiaries, considered as a whole, which materially adversely affects the ability of the Borrower to perform any of its obligations under this Agreement or any other Loan Document. Each Credit Event under this Agreement shall be deemed to be a representation and warranty by the Borrower on the date of such Credit Event as to the facts specified in clauses (c), (d) and (de) of this Section.

Conditions to All Credit Events. The obligation of any Lender to make a Loan on the occasion of any Borrowing, and the obligation of any Issuing Lender to issue (or renew or extend the term of) any Letter of Credit, is subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred; (b) receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.032.02, or receipt by an the Issuing Lender of a Letter of Credit Request as required by Section 3.03; (c) the fact that, immediately before and after giving effect to such Credit Event, no Default or Event of Default shall have occurred and be continuing; and; (d) the fact that the representations and warranties of the Borrower contained in this Agreement and the other Loan Documents shall be true and correct on and as of the date of such Credit Event Event; (except for e) since December 31, 2002, there shall have been no change in the representations in Section 5.04(c)business, Section 5.06assets, Section 5.11 financial condition or operations of the Borrower and Section 5.15its Consolidated Subsidiaries, considered as a whole, which shall be deemed only to relate to materially adversely affects the matters referred to therein on and as ability of the Closing Date)Borrower to perform any of its obligations under this Agreement or any other Loan Document; and (f) with respect to a Borrowing or issuance of a Letter of Credit on or after December 31, 2003, the Borrower shall have obtained the New FERC Order. Each Credit Event under this Agreement shall be deemed to be a representation and warranty by the Borrower on the date of such Credit Event as to the facts specified in clauses (c), (d) and (de) of this Section.

Conditions to All Credit Events. The obligation of any ------------------------------- Lender to make a Loan on the occasion of any Borrowing, and the obligation of any Issuing Lender to issue (or renew or extend the term of) any Letter of Credit, is subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred; (b) receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.032.02, or receipt by an the Issuing Lender of a Letter of Credit Request as required by Section 3.03; (c) the fact that, immediately before and after giving effect to such Credit Event, no Default or Event of Default shall have occurred and be continuing; and; (d) the fact that the representations and warranties of the Borrower contained in this Agreement and the other Loan Documents shall be true and correct on and as of the date of such Credit Event Event; (except for e) since December 31, 2000, there shall have been no change in the representations in Section 5.04(c)business, Section 5.06assets, Section 5.11 financial condition or operations of the Borrower and Section 5.15its Consolidated Subsidiaries, considered as a whole, which shall be deemed only to relate to materially adversely affects the matters referred to therein on and as ability of the Closing Date)Borrower to perform any of its obligations under this Agreement or any other Loan Document; and (f) with respect to a Borrowing or issuance of a Letter of Credit on or after December 15, 2001, the Borrower shall have obtained the New FERC Order. Each Credit Event under this Agreement shall be deemed to be a representation and warranty by the Borrower on the date of such Credit Event as to the facts specified in clauses (c), (d) and (de) of this Section.

Conditions to All Credit Events. The obligation of any Lender to make a Loan on the occasion of any Borrowing, and the obligation of any Issuing Lender to issue (or renew or extend the term of) any Letter of Credit, is subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred; (b) receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.032.02, or receipt by an the Issuing Lender of a Letter of Credit Request as required by Section 3.03; (c) the fact that, immediately before and after giving effect to such Credit Event, no Default or Event of Default shall have occurred and be continuing; and; (d) the fact that the representations and warranties of the Borrower contained in this Agreement and the other Loan Documents shall be true and correct on and as of the date of such Credit Event (except for the representations in Section 5.04(c), Section 5.06, Section 5.11 5.12 and Section 5.155.18, which shall be deemed only to relate to the matters referred to therein on and as of the Closing Date); provided, however, that in the event the proceeds of any Credit Event, other than with respect to the first Credit Event hereunder, are to be applied by the Borrower to repay maturing commercial paper issued by the Borrower, the representation and warranty set forth in Section 5.04(c) need not be true and correct on the date of any such Credit Event as to events or conditions occurring or arising after the Closing Date; and (e) since December 31, 2003, there shall have been no change in the business, assets, financial condition or operations of the Borrower and its Consolidated Subsidiaries, considered as a whole, which materially adversely affects the ability of the Borrower to perform any of its obligations under this Agreement or any other Loan Document. Each Credit Event under this Agreement shall be deemed to be a representation and warranty by the Borrower on the date of such Credit Event as to the facts specified in clauses (c), (d) and (de) of this Section.

Conditions to All Credit Events. The obligation of any Lender to make a Loan on the occasion of any Borrowing, and the obligation of any Issuing Lender to issue (or renew or extend the term of) any Letter of Credit, is subject to the satisfaction of the following conditions: (a) the fact that the Closing Date shall have occurred; (b) receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.032.02, or receipt by an the Issuing Lender of a Letter of Credit Request as required by Section 3.03; (c) the fact that, immediately before and after giving effect to such Credit Event, no Default or Event of Default shall have occurred and be continuing; and; (d) the fact that the representations and warranties of the Borrower contained in this Agreement and the other Loan Documents shall be true and correct on and as of the date of such Credit Event (except for the representations in Section 5.04(c), Section 5.06, Section 5.11 and Section 5.155.12, which shall be deemed only to relate to the matters referred to therein on and as of the Closing Date); and (e) Since December 31, 2001, there shall have been no change in the business, assets, financial condition or operations of the Borrower and its Consolidated Subsidiaries, considered as a whole, which materially adversely affects the ability of the Borrower to perform any of its obligations under this Agreement or any other Loan Document. Each Credit Event under this Agreement shall be deemed to be a representation and warranty by the Borrower on the date of such Credit Event as to the facts specified in clauses (c), (d) and (de) of this Section.