Common use of Conditions to Letters of Credit Clause in Contracts

Conditions to Letters of Credit. The issuance of any Letter of Credit hereunder is subject to the following conditions precedent: A. On or before the date of issuance of the initial Letter of Credit pursuant to this Agreement, the Tender Loans shall have been made. B. On or before the date of issuance of such Letter of Credit, Agent shall have received, in accordance with the provisions of subsection 3.1B(i), an originally executed Notice of Issuance of Letter of Credit, in each case signed by the chief executive officer, the chief financial officer or the treasurer of Company or by any executive officer of Company designated by any of the above-described officers on behalf of Company in a writing delivered to Agent, together with all other information specified in subsection 3.1B(i) and such other documents or information as the Issuing Lender may reasonably require in connection with the issuance of such Letter of Credit. C. On the date of issuance of such Letter of Credit, all conditions precedent described in subsection 4.3B shall be satisfied to the same extent as if the issuance of such

Appears in 1 contract

Samples: Credit Agreement (Bell Industries Inc)

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Conditions to Letters of Credit. The issuance of any Letter of Credit hereunder (whether or not the applicable Issuing Lender is obligated to issue such Letter of Credit) is subject to the following conditions precedent: A. 1. On or before the date of issuance of the initial Letter of Credit pursuant to this Agreement, the Tender initial Loans shall have been made. B. 2. On or before the date of issuance of such Letter of Credit, Agent shall have received, in accordance with the provisions of subsection 3.1B(i), an originally executed Notice of Issuance of Request for Letter of Credit, in each case signed by the chief executive officer, the chief financial officer or the treasurer of Company or by any executive officer of Company designated by any of the above-described officers on behalf of Company in a writing delivered to Agent, together with all other information specified in subsection 3.1B(i) and 94 such other documents or information as the applicable Issuing Lender may reasonably require in connection with the issuance of such Letter of Credit. C. 3. On the date of issuance of such Letter of Credit, all conditions precedent described in subsection 4.3B 4.2B shall be satisfied to the same extent as if the issuance of suchsuch Letter of Credit were the making of a Loan and the date of issuance of such Letter of Credit were a Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Bay Area Warehouse Stores Inc)

Conditions to Letters of Credit. The issuance of any Letter of Credit hereunder (whether or not the applicable Issuing Lender is obligated to issue such Letter of Credit) is subject to the following conditions precedent: A. On or before the date of issuance of the initial Letter of Credit pursuant to this Agreement, the Tender Loans shall have been made. B. On or before the date of issuance of such Letter of Credit, Administrative Agent shall have received, in accordance with the provisions of subsection 3.1B(i), an originally executed Notice of Issuance of Letter of Credit, in each case signed by the chief executive officer, the chief principal financial officer, the principal accounting officer or the treasurer of Company or by any executive officer authorized employee of Company designated by any of the above-described officers on behalf of Company in a writing delivered to Administrative Agent, together with all other information specified in subsection 3.1B(i) and such other documents or information as the applicable Issuing Lender may reasonably require in connection with the issuance of such Letter of Credit. C. B. On the date of issuance of such Letter of Credit, all conditions precedent described in subsection 4.3B shall be satisfied to the same extent as if the issuance of suchsuch Letter of Credit were the making of a Loan and the date of issuance of such Letter of Credit were a Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Sealy Corp)

Conditions to Letters of Credit. The issuance of any Letter of Credit hereunder is subject to the following conditions precedent: A. On or before the date of issuance of the initial Revolving Letter of Credit pursuant to this Agreement, the Tender initial Loans shall have been made. B. On or before the date of issuance of such Letter of Credit, Administrative Agent shall have received, in accordance with the provisions of subsection 3.1B(i), an originally executed Notice of Issuance of Letter of Credit, in each case signed by the chief executive officer, the chief financial officer or the treasurer of Company Borrower or by any executive officer of Company Borrower designated by any of the above-described officers on behalf of Company Borrower in a writing delivered to Administrative Agent, together with all other information specified in subsection 3.1B(i) and such other documents or information as the Issuing Lender may reasonably require in connection with the issuance of such Letter of Credit. C. On the date of issuance of such the Acquisition Letter of CreditCredit (in addition to the satisfaction of all conditions precedent described in subsection 4.1), all conditions precedent described in subsection 4.3B 4.2B shall be satisfied to the same extent as if the issuance of suchthe Letter of Credit were the making of a Loan and the date of issuance of the Letter of Credit were a Funding Date.

Appears in 1 contract

Samples: Credit Agreement (CFP Holdings Inc)

Conditions to Letters of Credit. The issuance of any Letter of Credit hereunder is subject to the following conditions precedent: A. On or before the date of issuance of the initial Letter of Credit pursuant to this Agreement, the Tender initial Revolving Loans shall have been made. B. On or before the date of issuance of such Letter of Credit, Administrative Agent shall have received, in accordance with the provisions of subsection 3.1B(i), an originally executed Notice of Issuance of Letter of Credit, in each case signed by the chief executive officer, the chief financial officer or the treasurer of Company or by any executive officer of Company designated by any of the above-described officers on behalf of Company in a writing delivered to Administrative Agent, together with all other information specified in subsection 3.1B(i) and such other documents or information as the applicable Issuing Lender may reasonably require in connection with the issuance of such Letter of Credit. C. On the date of issuance of such Letter of Credit, all conditions precedent described in subsection 4.3B 4.2B shall be satisfied to the same extent as if the issuance of suchsuch Letter of Credit were the making of a Revolving Loan and the date of issuance of such Letter of Credit were a Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Zilog Inc)

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Conditions to Letters of Credit. The issuance of any Letter of Credit hereunder is subject to the following conditions precedent: A. On or before the date of issuance of the initial Letter of Credit pursuant to this Agreement, the Tender Term Loans shall have been made. B. On or before the date of issuance of such Letter of Credit, Administrative Agent shall have received, in accordance with the provisions of subsection 3.1B(i), an originally executed Notice of Issuance of Letter of Credit, in each case signed by the chief executive officer, the chief financial officer or the treasurer of Company or by any executive officer of Company designated by any of the above-described officers on behalf of Company in a writing delivered to Administrative Agent, together with all other information specified in subsection 3.1B(i) and such other documents or information as the Issuing Lender may reasonably require in connection with the issuance of such Letter of Credit. C. On the date of issuance of such Letter of Credit, all conditions precedent described in subsection 4.3B shall be satisfied to the same extent as if the issuance of suchsuch Letter of Credit were the making of a Loan and the date of issuance of such Letter of Credit were a Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Andros Holdings Inc)

Conditions to Letters of Credit. The issuance of any Letter of Credit hereunder (whether or not the applicable Issuing Bank is obligated to issue such Letter of Credit) is subject to the satisfaction of the conditions set forth in subsection 4.1 and the satisfaction of the following additional conditions precedent: A. On or before the date of issuance of the initial Letter of Credit pursuant to this Agreement, the Tender Loans shall have been made. B. On or before the date of issuance of such Letter of Credit, the Issuing Bank and the Administrative Agent shall have received, in accordance with the provisions of subsection 3.1B(i), an originally executed Notice of Issuance of Letter of Credit, in each case signed by the chief executive officer, officer or the chief financial officer or the treasurer of Company or by any executive officer of the Company designated by any of the above-described officers on behalf of the Company and the Company in a writing delivered to the Administrative Agent, together with all other information specified in subsection 3.1B(i) and such other documents or information as the applicable Issuing Lender Bank may reasonably require in connection with the issuance of such Letter of Credit. C. B. On the date of issuance of such Letter of Credit, all conditions precedent described in subsection 4.3B 4.2B shall be satisfied to the same extent as if the issuance of suchsuch Letter of Credit were the making of a Loan and the date of issuance of such Letter of Credit were a Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Transportation Technologies Industries Inc)

Conditions to Letters of Credit. The issuance of any Letter of Credit hereunder is subject to the following conditions precedent: A. On or before the date of issuance of the initial Letter of Credit pursuant to this Agreement, the Tender Loans conditions set forth in subsection 4.1 shall have been madesatisfied or waived in writing by Requisite Lenders. B. On or before the date of issuance of such Letter of Credit, Administrative Agent shall have received, in accordance with the provisions of subsection 3.1B(i), an originally executed Notice of Issuance of Letter of Credit, in each case signed by the chief executive officer, the chief financial officer or the treasurer of Company or by any executive officer of Company designated by any of the above-described officers on behalf of Company in a writing delivered to Administrative Agent, together with all other information specified in subsection 3.1B(i) and such other documents or information as the Issuing Lender Administrative Agent may reasonably require in connection with the issuance of such Letter of Credit. C. On the date of issuance of such Letter of Credit, all conditions precedent described in subsection 4.3B 4.4B shall be satisfied to the same extent as if the issuance of suchsuch Letter of Credit were the making of a Loan and the date of issuance of such Letter of Credit were a Funding Date.

Appears in 1 contract

Samples: Credit Agreement (Players International Inc /Nv/)

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