Common use of Each Additional Advance Clause in Contracts

Each Additional Advance. The obligation of the Banks to make additional Advances on the line of credit or the Issuing Bank to issue standby letters of credit is subject to the satisfaction of each of the following conditions:

Appears in 3 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)

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Each Additional Advance. The obligation of the Banks to make additional Advances on the line of credit or the Issuing Bank to issue standby letters of credit is subject to the satisfaction of each of the following conditions:

Appears in 3 contracts

Samples: Credit Agreement (Evergreen Resources Inc), Credit Agreement (Evergreen Resources Inc), Credit Agreement (Evergreen Resources Inc)

Each Additional Advance. The obligation of the Banks Lender to make additional Advances on the line of credit or the Issuing Bank to issue standby letters of credit is subject to the satisfaction of each of the following conditions:

Appears in 3 contracts

Samples: Loan Agreement (Exploration Co of Delaware Inc), Loan Agreement (GMX Resources Inc), Loan Agreement (Venus Exploration Inc)

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Each Additional Advance. The obligation of the Banks Lenders to make additional Advances on the line of credit or the Issuing Bank to issue standby letters of credit is subject to the satisfaction of each of the following conditions:

Appears in 2 contracts

Samples: Loan Agreement (GMX Resources Inc), Loan Agreement (GMX Resources Inc)

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