Common use of Credit Events Clause in Contracts

Credit Events. The obligations (i) of each Lender to ------------- make a Loan on the occasion of each Borrowing, (ii) of an LC Issuing Bank to sell and of each Lender to purchase each participation in a Letter of Credit as and when provided in Section 2.05, and (iii) of each LC Issuing Bank to extend (or allow the extension of) the expiry date of a Letter of Credit issued by it hereunder as and when provided in Section 2.05 are each subject to the satisfaction of the following conditions:

Credit Events. The obligations obligation (i) of each Lender Bank to ------------- make a Loan on the occasion of each Borrowing, (ii) of an LC Issuing each Bank to sell and of each Lender to purchase each participation in a Letter of Credit and the related LC Liabilities as and when provided in Section 2.05, 2.06 and (iii) of each LC Issuing Bank to extend (or allow the extension of) the expiry date of a Letter of Credit issued by it hereunder as and when provided in Section 2.05 2.06, are each subject to the satisfaction of the following conditions:

Credit Events. The obligations (i) of each Lender to ------------- make a Loan on the occasion of each Borrowing, (ii) of an LC Issuing Bank to sell and of each Lender to purchase each participation in a Letter of Credit as and when provided in Section 2.052.06, and (iii) of each LC Issuing Bank to extend (or allow the extension of) the expiry date of a Letter of Credit issued by it hereunder as and when provided in Section 2.05 2.06 are each subject to the satisfaction of the following conditions:

Credit Events. The obligations (i) of each Lender to ------------- make a Loan on the occasion of each Borrowing, (ii) of an LC Issuing Bank to sell and of each Lender to purchase each participation in a Letter of Credit as and when provided in Section 2.05, and (iii) of each LC Issuing Bank to extend (or allow the extension of) the expiry date of a Letter of Credit issued by it hereunder as and when provided in Section 2.05 are each subject to the satisfaction (or waiver in accordance with the terms hereof) of the following conditions: