Common use of Conditions to Initial Borrowing by each Borrowing Subsidiary Clause in Contracts

Conditions to Initial Borrowing by each Borrowing Subsidiary. The obligation of each Lender to make a Loan to any Borrowing Subsidiary and the obligation of each Issuing Bank to issue, renew, extend or increase the amount of any Letter of Credit for the account of any Borrowing Subsidiary, is subject to the satisfaction (or waiver in accordance with Section 10.02) of the following additional conditions:

Appears in 2 contracts

Samples: Credit Agreement (Hess Corp), Five Year Credit Agreement (Hess Corp)

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Conditions to Initial Borrowing by each Borrowing Subsidiary. The obligation of each Lender to make a Loan to any Borrowing Subsidiary and the obligation of each Issuing Bank to issue, renew, extend or increase the amount of any Letter of Credit for the account of any Borrowing Subsidiary, is subject to the satisfaction (or waiver in accordance with Section 10.02) of the following additional conditions:

Appears in 2 contracts

Samples: Five Year Credit Agreement (Hess Corp), Credit Agreement (Hess Corp)

Conditions to Initial Borrowing by each Borrowing Subsidiary. The obligation obligations of each Lender the Lenders to make a Loan Loans and of the Issuing Banks to any Borrowing Subsidiary and the obligation of each Issuing Bank to issue, renew, extend or increase the amount of any Letter issue Letters of Credit hereunder to or for the account of any Borrowing Subsidiary, is subject to Subsidiary shall not become effective until the satisfaction date on which each of the following conditions shall be satisfied (or waiver waived in accordance with Section 10.02) of the following additional conditions:9.02):

Appears in 1 contract

Samples: Credit Agreement (Verisign Inc/Ca)

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Conditions to Initial Borrowing by each Borrowing Subsidiary. The obligation obligations of each Lender the Lenders to make a Loan Loans and of the Issuing Banks to any Borrowing Subsidiary and the obligation of each Issuing Bank to issue, renew, extend or increase the amount of any Letter issue Letters of Credit hereunder to or for the account of any Borrowing Subsidiary, is subject to Subsidiary shall not become effective until the satisfaction date on which each of the following additional conditions shall be satisfied (or waiver waived in accordance with Section 10.02) of the following additional conditions:9.02):

Appears in 1 contract

Samples: Credit Agreement (Verisign Inc/Ca)

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