Conditions to Each Working Capital Advance. The obligation of (i) any Issuing Bank to issue Letters of Credit (or extend the maturity thereof (other than any automatic extension thereunder) or modify or amend the terms thereof) and (ii) the Working Capital Lenders to make available Working Capital Loans, in each case, subsequent to the Closing Date is subject to the satisfaction (or waiver by the Credit Facility Agent acting on the instruction of the Required Working Capital Lenders and the relevant Issuing Banks, as applicable), prior to issuing such Letter of Credit (or extension, modification or amendment thereof) or to the making of such Working Capital Advance, of each of the conditions precedent set forth in Section 4.3 (Conditions to Each Advance under the Working Capital Facility) of the Common Terms Agreement, which conditions precedent are incorporated by reference and shall apply mutatis mutandis to this Section 7.03 (Conditions to Each Working Capital Advance) as if fully set forth herein.
Appears in 4 contracts
Samples: Credit Facility Agreement (Venture Global, Inc.), Credit Facility Agreement (Venture Global, Inc.), Credit Facility Agreement (Venture Global, Inc.)
Conditions to Each Working Capital Advance. The obligation of (i) any Issuing Bank to issue Letters of Credit (or extend the maturity thereof (other than any automatic extension thereunder) or modify or amend the terms thereof) and (ii) the Working Capital Lenders to make available Working Capital Loans, in each case, subsequent to the Initial Closing Date is subject to the satisfaction (or waiver by the Credit Facility Agent acting on the instruction of the Required Working Capital Lenders and the relevant Issuing Banks, as applicable), prior to issuing such Letter of Credit (or extension, modification or amendment thereof) or to the making of such Working Capital Advance, of each of the conditions precedent set forth in Section 4.3 4.4 (Conditions to Each Advance under the Working Capital Facility) of the Common Terms Agreement, which conditions precedent are incorporated by reference and shall apply mutatis mutandis to this Section 7.03 7.04 (Conditions to Each Working Capital Advance) as if fully set forth herein.
Appears in 2 contracts
Samples: Credit Facility Agreement (Venture Global, Inc.), Credit Facility Agreement (Venture Global, Inc.)