Common use of Initial Extensions of Credit Clause in Contracts

Initial Extensions of Credit. The Commitment of each Lender to make its initial Loan and of each Fronting Bank to issue its initial Letter of Credit on or after the date hereof is subject to the conditions that on or prior to the date of such Extension of Credit:

Appears in 9 contracts

Samples: Revolving Credit Agreement (Oncor Electric Delivery Co LLC), Revolving Credit Agreement (Txu Energy Co LLC), Revolving Credit Agreement (Txu Us Holdings Co)

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Initial Extensions of Credit. The Commitment of each Lender to make its initial Loan and of each the Fronting Bank to issue its initial Letter of Credit on or after the date hereof is subject to the conditions that on or prior to the date of such Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Txu Corp /Tx/)

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