Common use of Each Credit Event Clause in Contracts

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than the initial funding), and of the Issuing Bank to issue, amend, renew or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions:

Appears in 5 contracts

Samples: Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co)

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Each Credit Event. The obligation of each Lender to make a Loan on any Loan, and of each Issuing Lender to issue, amend (if increasing the occasion of any Borrowing amount thereof), renew (other than the initial funding), and automatic renewals of the Issuing Bank to issue, amend, renew any Auto-Renewal Letter of Credit) or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is additionally subject to the receipt of a request therefor in accordance herewith and the satisfaction of the following conditions:

Appears in 4 contracts

Samples: Year Credit Agreement (Best Buy Co Inc), Year Credit Agreement (Best Buy Co Inc), Year Credit Agreement (Dillards Inc)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than the initial fundinga conversion or continuation), and any agreement of the Issuing Bank Banks to issue, amend, renew or extend any Letter of Credit (other than on the Effective Dateany Loan, but excluding any automatic Borrowing or issuance, amendment, renewal or extension of any such Letter of Credit, or amendment Credit on the sole purpose of which is to extend or renew any Letter of CreditRestatement Effective Date), is subject to receipt of the request therefor in accordance herewith and to the satisfaction of the following conditions:

Appears in 3 contracts

Samples: Credit Agreement (Coty Inc.), Credit Agreement (Coty Inc.), Credit Agreement (Coty Inc.)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a Borrowing made solely to refinance outstanding Borrowings that does not increase the initial funding), aggregate principal amount of the Loans of any Lender outstanding) and of the Issuing Bank Lender to issue, amend, renew or extend any a Letter of Credit (other than each such event, a “Credit Event”) on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), date is subject to the satisfaction of the following conditions:

Appears in 3 contracts

Samples: Year Revolving Credit Facility Agreement (Mead Johnson Nutrition Co), Credit Facility Agreement (Mead Johnson Nutrition Co), Credit Facility Agreement (Mead Johnson Nutrition Co)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than the initial funding)Borrowing, and of the each Issuing Bank to issue, amend, renew or extend any Letter of Credit (other than on any such amendments (“Immaterial Amendments”) that are purely administrative in nature and, for the Effective Dateavoidance of doubt, but excluding any automatic renewal do not involve amendments to the amount or extension tenor of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any such Letter of Credit), is subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Credit Agreement (Fifth & Pacific Companies, Inc.), Credit Agreement (Claiborne Liz Inc)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than including the initial funding), and of the each Issuing Bank to issue, amend, renew or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions, at the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable:

Appears in 2 contracts

Samples: Credit Agreement (Epl Oil & Gas, Inc.), Credit Agreement (Energy Partners LTD)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than including the initial funding, but excluding a Revolving Credit Borrowing to continue or convert any outstanding Revolving Credit Borrowing), and of the Issuing Bank Banks to issue, amend, renew or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions:conditions (or waiver in accordance with Section 12.02):

Appears in 2 contracts

Samples: Credit Agreement (Bonanza Creek Energy, Inc.), Credit Agreement (PDC Energy, Inc.)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than including the initial funding, but excluding a Revolving Credit Borrowing to refund, continue or convert any outstanding Revolving Credit Borrowing or interest elections made in connection with the Term Loan), and of the Issuing Bank to issue, amend, renew or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Credit Agreement (RSP Permian, Inc.), Credit Agreement (RSP Permian, Inc.)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than including the initial funding, but excluding a Borrowing to continue or convert any outstanding Borrowing), and of the Issuing Bank Banks to issue, amend, renew or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, Credit or any amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions:conditions (or waiver thereof in accordance with Section 12.02):

Appears in 1 contract

Samples: Credit Agreement (PDC Energy, Inc.)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than including the initial funding, but excluding a Revolving Credit Borrowing to continue or convert any outstanding Revolving Credit Borrowing), and of the Issuing Bank Banks to issue, amend, renew or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, Credit or any amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions:conditions (or waiver thereof in accordance with Section 12.02):

Appears in 1 contract

Samples: Credit Agreement (PDC Energy, Inc.)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than including the initial fundingLoans), and of the Issuing Bank to issue, amend, renew or extend any Letter of Credit (other than on Credit, shall be subject to satisfaction of the Effective Datefurther conditions that, but excluding any automatic as of the date of the making of such Loans and the issuance, amendment, renewal or extension of any Letter such Letters of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditionsCredit and after giving effect thereto:

Appears in 1 contract

Samples: Credit Agreement (Usa Networks Inc)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than the initial fundingany conversion or continuation of any Loan), and of the each Issuing Bank to issue, amendamend to increase the amount thereof, renew or extend any Letter of Credit (other than on the Effective Date, but excluding any an automatic renewal or extension of permitted under Section 2.05(c)) any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Northrop Grumman Corp /De/)

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Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than including the initial funding, but excluding a Revolving Credit Borrowing to continue or convert any outstanding Revolving Credit Borrowing), and of the Issuing Bank to issue, amend, renew or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Callon Petroleum Co)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than the initial funding)a conversion or continuation of an outstanding Borrowing, including without limitation any conversions of Alternate Currency Loans pursuant to Section 2.24) and of the Issuing Bank to issue, amend, renew or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions, at the time of and immediately after giving effect to such Borrowing or issuance, amendment, renewal or extension of such Letter of Credit, as applicable:

Appears in 1 contract

Samples: Revolving Credit Agreement (JLG Industries Inc)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than the initial funding)Borrowing, and of the Issuing Bank to issue, amendamend (to the extent the amendment has the effect of increasing the amount of the applicable Letter of Credit), renew or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to receipt of the request therefor in accordance herewith and to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Palm Inc)

Each Credit Event. (a) The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than the initial funding)Loan, and of the Issuing Bank Lenders to issue, amend, renew or extend any Letter of Credit Credit, is (other than subject, in the case of the extensions of credit to be made on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of CreditSection 5.02(b), is ) additionally subject to the satisfaction of the following conditions:conditions (both immediately before and immediately after the making of the relevant Loan or the issuance, amendment, renewal or extension of the relevant Letter of Credit, as the case may be, and the intended use thereof):

Appears in 1 contract

Samples: Credit Agreement (Baldor Electric Co)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a continuation or conversion of an existing Borrowing) and the initial funding), and obligation of the Issuing Bank to issue, amendextend the expiry date of, renew or extend increase the amount of, any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions:.

Appears in 1 contract

Samples: Possession Credit Agreement (LSC Communications, Inc.)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than the initial funding)Borrowing, and of the Issuing Bank to issue, amend, renew or extend any Letter of Credit (other than on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), is subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Callon Petroleum Co)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than but not a conversion or continuation of Loans) (including, for the initial fundingavoidance of doubt, the Borrowing of the Delayed Term Loans), and of the Issuing Bank Banks to issue, amend, renew or extend any Letter of Credit (other than including the initial Loans made on the Effective Date, but excluding any automatic renewal or extension of any Letter of Credit, or amendment the sole purpose of which is to extend or renew any Letter of Credit), ) is subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Crown Media Holdings Inc)

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