Common use of LC Conditions Clause in Contracts

LC Conditions. With respect to issuance of a Letter of Credit, the LC Conditions shall be satisfied (or waived). Each request (or deemed request) by Administrative Borrower, on behalf of Borrowers, for funding of a Loan or issuance of a Letter of Credit to or for the benefit of Borrowers (other than, for the avoidance of doubt, any conversion or continuation of an existing Loan) shall constitute a representation by Borrowers that the foregoing conditions are satisfied on the date of such request and on the date of such funding or issuance.

Appears in 2 contracts

Samples: Loan and Security Agreement (YRC Worldwide Inc.), Loan and Security Agreement (YRC Worldwide Inc.)

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LC Conditions. With respect to issuance of a Letter of Credit, the LC Conditions shall be satisfied (or waived)satisfied. Each request (or deemed request) by Administrative Borrower, on behalf of Borrowers, for funding of a Loan or issuance of a Letter of Credit to or for the benefit of Borrowers (other than, for the avoidance of doubt, any conversion or continuation of an existing Loan) shall constitute a representation by Borrowers that the foregoing conditions are satisfied on the date of such request and on the date of such funding or issuance.

Appears in 1 contract

Samples: Loan Agreement (M/a-Com Technology Solutions Holdings, Inc.)

LC Conditions. With respect to issuance of a Letter of Credit, the LC Conditions shall be satisfied (or waived)satisfied. Each request (or deemed request) by Administrative Borrower, on behalf of Borrowers, for funding of a Loan or issuance of a Letter of Credit to or for the benefit of Borrowers (other than, for the avoidance of doubt, any conversion or continuation of an existing Loan) shall constitute a representation by Borrowers that the foregoing conditions are satisfied on the date of such request and on the date of such funding or issuance, both before and after giving effect to such funding or issuance.

Appears in 1 contract

Samples: Loan and Security Agreement (Hudson Highland Group Inc)

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LC Conditions. With respect to issuance of a Letter of Credit, the LC Conditions shall be satisfied (or waived). Each request (or deemed request) by Administrative BorrowerXxxxxxxx, on behalf of Borrowers, for funding of a Loan or issuance of a Letter of Credit to or for the benefit of Borrowers (other than, for the avoidance of doubt, any conversion or continuation of an existing Loan) shall constitute a representation by Borrowers that the foregoing conditions are satisfied on the date of such request and on the date of such funding or issuance.

Appears in 1 contract

Samples: Loan and Security Agreement (Yellow Corp)

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