Conditions to Making Loans and Issuing Letters of Credit Sample Clauses

Conditions to Making Loans and Issuing Letters of Credit. 5.1. Conditions of Making Loan 28
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Conditions to Making Loans and Issuing Letters of Credit. 7.1. Conditions of Closing and Initial Advance................................ 45 7.2. Conditions of Initial Advance and Letter of Credit Issuances............. 45 7.3. Conditions of Loans and Letter of Credit................................. 47
Conditions to Making Loans and Issuing Letters of Credit. 7.1. CONDITIONS OF TRANCHE A TERM LOAN, INITIAL ADVANCE OF REVOLVING LOANS AND INITIAL ISSUANCE OF LETTERS OF CREDIT. The obligations of the Lenders to make the Tranche A Term Loan and the initial Advance under the Revolving Credit Facility, and of the Issuing Bank to issue the initial Letter of Credit, are subject to the conditions precedent that:
Conditions to Making Loans and Issuing Letters of Credit. ..65 7.1 Conditions of Initial Advance.................................65 TABLE OF CONTENTS (continued)
Conditions to Making Loans and Issuing Letters of Credit. 5.1 Conditions to Effectiveness and the Initial Advance 70 5.2 Conditions of Loans 71 5.3 Supplements to Schedules 72 ARTICLE VI Representations and Warranties 6.1 Representations and Warranties 72 ARTICLE VII
Conditions to Making Loans and Issuing Letters of Credit. 6.1 Conditions of Initial Advance and Issuing Letters of Credit....................................62 6.2 Conditions of Revolving Loans and Letter of Credit.............................................64
Conditions to Making Loans and Issuing Letters of Credit. 5.1 Conditions of Initial Advance 55 5.2 Conditions of Loans 56 5.3 Supplements to Schedules 57 ARTICLE VI REPRESENTATIONS AND WARRANTIES 6.1 Representations and Warranties 58 ARTICLE VII
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Conditions to Making Loans and Issuing Letters of Credit 

Related to Conditions to Making Loans and Issuing Letters of Credit

  • CONDITIONS TO LOANS AND LETTERS OF CREDIT The obligations of Lenders to make Loans and the issuance of Letters of Credit hereunder are subject to the satisfaction of the following conditions.

  • Conditions to All Loans and Letters of Credit The obligations of the Lenders to make any Loan or issue any Letter of Credit is subject to the satisfaction of the following conditions precedent on the relevant borrowing or issue date, as applicable:

  • Loans and Letters of Credit On the Closing Date:

  • First Loans and Letters of Credit On the Closing Date:

  • New Swing Loans/Letters of Credit So long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Loans unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect to such Swing Loan and (ii) no LC Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto.

  • 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:

  • Existing Letters of Credit The parties hereto agree that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes under this Agreement, without any further action by the Borrower.

  • Use of Loans and Letters of Credit The proceeds of the Loans and the Letters of Credit shall be used for working capital, for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for the payment of fees and expenses incurred in connection with this Agreement and for any other general business purposes. The Credit Parties are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

  • Purpose of Loans and Letters of Credit The Borrower will use the Letters of Credit and the proceeds of the Loans to (a) provide for working capital, capital expenditures and general corporate purposes of the Credit Parties and their Subsidiaries (including, without limitation, Permitted Acquisitions), (b) on the Closing Date to refinance the Existing Credit Agreement, and (c) pay fees and expenses relating to any of the foregoing.

  • Effect of Letters of Credit on Commitments Upon the issuance by the Agent of any Letter of Credit and until such Letter of Credit shall have expired or been terminated, the Commitment of each Lender shall be deemed to be utilized for all purposes of this Agreement in an amount equal to the product of (i) such Lender’s Commitment Percentage and (ii) the sum of (A) the Stated Amount of such Letter of Credit plus (B) any related Reimbursement Obligations then outstanding.

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