Conditions to All Loans and Letters of Credit. The obligation of each Lender to make each Loan to be made by it on or after the Effective Date (including the initial Loan) and the obligation of an Issuing Lender to issue (or renew or extend the term of) any Letter of Credit, is subject to the following conditions precedent:
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Samples: Credit Agreement (Lockheed Martin Corp), Credit Agreement (Lockheed Martin Corp)
Conditions to All Loans and Letters of Credit. The obligation of each Lender to make each any Loan to be made by it on or after the Effective Date (including the initial Loan) ), and the obligation of an each Issuing Lender Bank to issue any Letter of Credit (including any increase in the amount of, or renew or extend extension of the term expiration date of) , any Letter of Credit), is shall be subject to, and to the following satisfaction of, each of the conditions precedent:precedent set forth below.
Appears in 2 contracts
Samples: Credit Agreement (Nabors Industries LTD), Credit Agreement (Nabors Industries LTD)
Conditions to All Loans and Letters of Credit. The obligation of each Lender Bank to make each Loan to be made by it on or after the Effective Date (including the initial Loan) and the obligation of an Issuing Lender Bank to issue (or renew or extend the term of) any Letter of Credit, is subject to the following conditions precedent:
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Conditions to All Loans and Letters of Credit. The obligation obligations of each Lender Bank to make each make, convert or extend any Loan and of the Issuing Bank to issue or extend any Letter of Credit (including the initial Loans and the initial Letter of Credit) to be made by it on or after the Effective Date (including the its initial Loan) and the obligation of an Issuing Lender to issue (or renew or extend the term of) any Letter of Credit), is subject to the satisfaction of the following conditions precedentprecedent on the relevant Borrowing Date:
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