Letter of Credit Usage Absolute. The obligations of each Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement and any Letter of Credit Documents under all circumstances, including, to the extent permitted by law, the following circumstances:
Appears in 6 contracts
Samples: Revolving Credit Agreement (Prologis, L.P.), Revolving Credit Agreement (Prologis, L.P.), Revolving Credit Agreement (Prologis, L.P.)
Letter of Credit Usage Absolute. The obligations of each the ------------------------------- Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 3 contracts
Samples: Revolving Credit Agreement (Kilroy Realty Corp), Revolving Credit Agreement (Kilroy Realty Corp), Credit Agreement (Ventas Inc)
Letter of Credit Usage Absolute. The obligations of each the Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement and any Letter of Credit Documents (as the same may be amended from time to time) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 3 contracts
Samples: Revolving Credit Agreement (Equity Residential), Revolving Credit Agreement (Equity Residential), Revolving Credit Agreement (Erp Operating LTD Partnership)
Letter of Credit Usage Absolute. The obligations of each the Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents such other agreement or instrument under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 3 contracts
Samples: Revolving Credit Agreement (Avalon Properties Inc), Revolving Credit Agreement (Avalon Properties Inc), Revolving Credit Agreement (Trinet Corporate Realty Trust Inc)
Letter of Credit Usage Absolute. The obligations of each Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 3 contracts
Samples: Revolving Credit Agreement (Amb Property Lp), Revolving Credit Agreement (Amb Property Lp), Revolving Credit Agreement (Amb Property Lp)
Letter of Credit Usage Absolute. The obligations of each Borrower the Borrowers under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 3 contracts
Samples: Revolving Credit Agreement (Amb Property Lp), Revolving Credit Agreement (Amb Property Corp), Revolving Credit Agreement (Amb Property Corp)
Letter of Credit Usage Absolute. The obligations of each the Borrower under this Agreement in respect of any Letter of Credit issued for the account or Existing Letter of such Borrower Credit, as applicable, shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 2 contracts
Samples: Revolving Credit Agreement (Carramerica Realty Corp), Revolving Credit Agreement (Carramerica Realty Corp)
Letter of Credit Usage Absolute. The obligations of each ------------------------------- the Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 2 contracts
Samples: Revolving Credit Agreement (Kilroy Realty Corp), Revolving Credit Agreement (Kilroy Realty Corp)
Letter of Credit Usage Absolute. The obligations of each the Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower and to repay each LC Borrowing shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement and any Letter of Credit Documents (as the same may be amended from time to time) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 2 contracts
Samples: Revolving Credit Agreement (Erp Operating LTD Partnership), Revolving Credit Agreement (Erp Operating LTD Partnership)
Letter of Credit Usage Absolute. The reimbursement obligations of each Borrower the Borrowers under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement and any Letter of Credit Documents such other agreement or instrument under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 2 contracts
Samples: Revolving Credit Agreement (Northstar Realty), Revolving Credit Agreement (Rait Investment Trust)
Letter of Credit Usage Absolute. The obligations of each the Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower and to repay each LC Borrowing shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement and any Letter of Credit Documents (as the same may be amended from time to time) under all circumstances, including, without limitation, to the extent permitted by lawLaw, the following circumstances:
Appears in 1 contract
Samples: Revolving Credit Agreement (Erp Operating LTD Partnership)
Letter of Credit Usage Absolute. The obligations obliga- tions of each the Borrower under this Agreement in respect of any a Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 1 contract
Samples: Revolving Credit Agreement (U S Restaurant Properties Inc)
Letter of Credit Usage Absolute. The reimbursement ------------------------------- obligations of each the Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents such other agreement or instrument under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 1 contract
Samples: Revolving Credit Agreement (Trinet Corporate Realty Trust Inc)
Letter of Credit Usage Absolute. The ------------------------------- obligations of each the Borrower under this Agreement in respect of any Letter of Credit issued for the account or Existing Letter of such Borrower Credit, as applicable, shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Carramerica Realty Corp)
Letter of Credit Usage Absolute. The obligations of each the Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents such other agreement or instrument under 47 49 all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 1 contract
Samples: Revolving Credit Agreement (Trinet Corporate Realty Trust Inc)
Letter of Credit Usage Absolute. The obligations of each the Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 1 contract
Letter of Credit Usage Absolute. The obligations of each Borrower the Borrowers under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:: 42 Table of Contents
Appears in 1 contract
Letter of Credit Usage Absolute. The obligations of each the Borrower under this Agreement in respect of any Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:: (a) any lack of validity or enforceability of any Letter of Credit or any other agreement or instrument relating thereto (collectively, the "Letter of Credit Documents") or any Loan Document;
Appears in 1 contract
Samples: Credit Agreement (Ventas Inc)
Letter of Credit Usage Absolute. The obligations of each the Borrower (or any Qualified Borrower, as applicable) under this Agreement in respect of any a Letter of Credit issued for the account of such Borrower shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement (as the same may be amended from time to time) and any Letter of Credit Documents (as hereinafter defined) under all circumstances, including, without limitation, to the extent permitted by law, the following circumstances:
Appears in 1 contract
Samples: Loans and Payments of Principal (Prometheus Senior Quarters LLC)
