Common use of Conditions to Extensions of Credit Clause in Contracts

Conditions to Extensions of Credit. The obligation of each Lender to make any Loan (other than Loans made on the Effective Date) or to convert any Revolving Credit Loan into a LIBOR Loan under Section 2.03 (but specifically excluding the continuation of LIBOR Loans on the last day of the Interest Period therefor), and the obligation of the Issuing Lender to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions precedent:

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Breitburn Energy Partners LP)

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Conditions to Extensions of Credit. The obligation of each Lender to make any Loan (other than including Loans made on the Effective Date) or to convert any Revolving Credit Loan into a LIBOR Loan under Section 2.03 (but specifically excluding the continuation of LIBOR Loans on the last day of the Interest Period therefor), and the obligation of the Issuing Lender to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Credit Agreement (BreitBurn Energy Partners L.P.)

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Conditions to Extensions of Credit. The obligation of each Lender to make any Loan (other than Loans made on after the Effective Date) Date or to convert any Revolving Credit Loan into a LIBOR Loan under Section 2.03 (but specifically excluding the continuation of LIBOR Loans on the last day of the Interest Period therefor), and the obligation of the Issuing Lender to issue, amend, renew or extend any Letter of CreditCredit after the Effective Date, is subject to the satisfaction of the following conditions precedent; provided that this Section 5.02 shall not apply to any Credit Extensions to be made on the Effective Date:

Appears in 1 contract

Samples: Credit Agreement (BreitBurn Energy Partners L.P.)

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