Conditions to Initial Borrowing and Participation in Letter of Credit Exposure. The obligations of each Bank to loan its Applicable Percentage of the initial Borrowing hereunder, and the obligation of the Letter of Credit Issuer to issue the initial Letter of Credit issued hereunder, is subject to the satisfaction (or waiver in accordance with Section 14.2) of each of the following conditions:
Appears in 5 contracts
Samples: Credit Agreement (Sitio Royalties Corp.), Credit Agreement (Brigham Minerals, Inc.), Credit Agreement (Brigham Minerals, Inc.)
Conditions to Initial Borrowing and Participation in Letter of Credit Exposure. The obligations obligation of each Bank to loan its Applicable Commitment Percentage of the initial Borrowing hereunder, and the obligation of the Letter of Credit Issuer Administrative Agent to issue (or cause another Bank to issue) the initial Letter of Credit issued hereunderhereunder (other than the Existing Letters of Credit), is subject to the satisfaction (or waiver in accordance with Section 14.2) of each of the following conditions:
Appears in 4 contracts
Samples: Credit Agreement (Laredo Petroleum, Inc.), Credit Agreement (Laredo Petroleum, Inc.), Credit Agreement (Laredo Petroleum, Inc.)
Conditions to Initial Borrowing and Participation in Letter of Credit Exposure. The obligations obligation of each Bank to loan its Applicable Commitment Percentage of the initial Borrowing hereunder, and the obligation of the Letter of Credit Issuer Administrative Agent to issue (or cause another Bank to issue) the initial Letter of Credit issued hereunder, is subject to the satisfaction (or waiver in accordance with Section 14.2) of each of the following conditions:
Appears in 3 contracts
Samples: Credit Agreement (Laredo Petroleum - Dallas, Inc.), Credit Agreement (Laredo Petroleum Holdings, Inc.), Credit Agreement (Laredo Petroleum, Inc.)
Conditions to Initial Borrowing and Participation in Letter of Credit Exposure. The obligations obligation of each Bank Lender to loan its Applicable Percentage of the initial Borrowing hereunder, hereunder and the obligation of the Letter of Credit Issuer Lender to issue the initial any Letter of Credit issued hereunder, hereunder is subject to the satisfaction (or waiver in accordance with Section 14.2) of each of the following conditions:
Appears in 2 contracts
Samples: Credit Agreement (Credo Petroleum Corp), Credit Agreement (Earthstone Energy Inc)
Conditions to Initial Borrowing and Participation in Letter of Credit Exposure. The obligations obligation of each Bank to loan its Applicable Commitment Percentage of the initial Borrowing hereunderBorrowing, and the obligation of the Letter of Credit Issuer Administrative Agent to issue the initial Letter of Credit issued hereunder, is subject to the satisfaction (or waiver in accordance with Section 14.2) of each of the following conditions:
Appears in 1 contract
Conditions to Initial Borrowing and Participation in Letter of Credit Exposure. The obligations obligation of each Bank to loan its Applicable Commitment Percentage of the initial Borrowing made hereunder, and the obligation of the Letter of Credit Issuer Administrative Agent to issue (or cause another Bank to issue) the initial Letter of Credit issued hereunder, hereunder is subject to the satisfaction (or waiver in accordance with Section 14.2) of each of the following conditionsconditions prior to or simultaneously with the initial Borrowing made hereunder:
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Conditions to Initial Borrowing and Participation in Letter of Credit Exposure. The obligations obligation of each Bank to loan its Applicable Commitment Percentage of the initial Borrowing made hereunder, and the obligation of the Letter of Credit Issuer Agent to issue (or cause another Bank to issue) the initial Letter of Credit issued hereunder, hereunder is subject to the satisfaction (or waiver in accordance with Section 14.2) of each of the following conditionsconditions prior to or simultaneously with the initial Borrowing made hereunder:
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Conditions to Initial Borrowing and Participation in Letter of Credit Exposure. The obligations obligation of each Bank to loan its Applicable Commitment Percentage of the initial Borrowing hereunder, hereunder and the obligation of the Letter of Credit Issuer Administrative Agent to issue the initial (or cause another Bank to issue) any Letter of Credit issued hereunder, hereunder is subject to the satisfaction (or waiver in accordance with Section 14.2) of each of the following conditions:
Appears in 1 contract
