Letters of Credit Warranties and Covenants Sample Clauses

Letters of Credit Warranties and Covenants. If requested by Agent, at all times after the occurrence of an Event of Default and during the continuance thereof, each Loan Party will deliver to Agent (i) all Letters of Credit under which it is the beneficiary or is otherwise entitled to receive proceeds duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance satisfactory to Agent and (ii) all security agreements securing any such Letters of Credit and execute UCC financing statement amendments assigning to Agent any UCC financing statements filed by any Loan Party in connection with such security agreements. Each Loan Party will take any and all actions reasonably necessary (or required or requested by Agent), from time to time, to cause Agent to obtain exclusive Control of any Letter-of-Credit Rights owned by any Loan Party in a manner acceptable to Agent.
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Letters of Credit Warranties and Covenants. There are no Letters of Credit under which a Loan Party is the beneficiary or is otherwise entitled to receive proceeds.
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Letters of Credit Warranties and Covenants. The Restricted Loan Parties will deliver to Agent, duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably satisfactory to Agent, (i) any Letter of Credit which the Borrowers are relying on to meet the eligibility requirements for any Account included in the Borrowing Base or the Collateral Formula Amount and (ii) any other individual Letter of Credit with a face amount of more than $15,000,000 (or such greater amount as agreed to by the Agent in its sole discretion) under which any of the Restricted Loan Parties is the beneficiary or is otherwise entitled to draw thereunder. The Restricted Loan Parties will also deliver to Agent all security agreements securing any such Letters of Credit and execute UCC financing statement amendments assigning to Agent any UCC financing statements filed by any Restricted Loan Party in connection with such security agreements. The Restricted Loan Parties will take any and all actions necessary (or reasonably required or requested by Agent), from time to time, to cause Agent to obtain exclusive Control of any Letter-of-Credit Rights owned by the Restricted Loan Parties (or any of them) in a manner reasonably acceptable to Agent.
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Letters of Credit Warranties and Covenants. As of the Closing Date, the Grantor does not hold any Letters of Credit under which it is the beneficiary or is otherwise entitled to receive proceeds. The Grantor will promptly notify and deliver to the Lender all Letters of Credit under which it is the beneficiary or is otherwise entitled to receive proceeds having a face value in excess of $50,000, individually, or $100,000 in the aggregate, duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance satisfactory to the Lender. The Grantor will also promptly deliver to the Lender all security agreements securing any such Letters of Credit and execute UCC financing statement amendments assigning to the Lender any UCC financing statements filed by the Grantor in connection with such security agreements. The Grantor will take any and all actions necessary (or reasonably required or requested by the Lender), from time to time, to cause the Lender to obtain exclusive Control of any Letter-of-Credit Rights owned by the Grantor having a value in excess of $50,000, individually, or $100,000 in the aggregate, in a manner acceptable to the Lender.
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Letters of Credit Warranties and Covenants. If requested by Agent, each Loan Party will deliver to Agent or to First Lien Agent, as bailee for Agent, all Letters of Credit under which a Loan Party is the beneficiary or is otherwise entitled to receive proceeds duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably satisfactory to Agent. Each Loan Party will also deliver to Agent all security agreements securing any such Letters of Credit and execute UCC financing statement amendments assigning to Agent any UCC financing statements filed by any Loan Party in connection with such security agreements. Each Loan Party will take any and all actions necessary (or required or requested by Agent), from time to time, to cause Agent or First Lien Agent, as bailee for Agent, to obtain exclusive Control of any Letter-of-Credit Rights owned by any Loan Party in a manner acceptable to Agent.
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Letters of Credit Warranties and Covenants. If requested by Agent, each Loan Party will deliver to Agent all Letters of Credit under which a Loan Party is the beneficiary or is otherwise entitled to receive proceeds duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably satisfactory to Agent. Each Loan Party will also deliver to Agent all security agreements securing any such Letters of Credit and execute UCC financing statement amendments assigning to Agent any UCC financing statements filed by any Loan Party in connection with such security agreements. Each Loan Party will take any and all actions necessary (or required or requested by Agent), from time to time, to cause Agent to obtain exclusive Control of any Letter-of-Credit Rights owned by any Loan Party in a manner acceptable to Agent.
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Letters of Credit Warranties and Covenants. If requested by Administrative Agent, each Grantor will deliver to Administrative Agent all Letters of Credit in an amount in excess of $100,000 in the aggregate under which it is the beneficiary or is otherwise entitled to receive proceeds duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance satisfactory to Administrative Agent. Each Grantor will also deliver to Administrative Agent all security agreements securing any such Letters of Credit and authorize UCC financing statement amendments assigning to Administrative Agent any UCC financing statements filed by Grantor in connection with such security agreements. Each Grantor will take any and all actions necessary (or required or requested by Administrative Agent), from time to time, to cause Administrative Agent to obtain Control of any Letter-of-Credit Rights owned by Grantor in a manner acceptable to Administrative Agent.
Sample 1
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Letters of Credit Warranties and Covenants. If requested by the Collateral Agent, each Grantor will deliver to the Collateral Agent all Letters of Credit, including those set forth on Schedule 3.1(G), in an amount in excess of $50,000 in the aggregate under which it is the beneficiary or is otherwise entitled to receive proceeds duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance satisfactory to the Collateral Agent. Each Grantor will also deliver to the Collateral Agent all security agreements securing any such Letters of Credit and authorize UCC financing statement amendments assigning to the Collateral Agent any UCC financing statements filed by Grantor in connection with such security agreements. Each Grantor will take any and all actions necessary (or required or requested by the Collateral Agent), from time to time, to cause the Collateral Agent to obtain Control of any Letter-of-Credit Rights owned by Grantor in a manner acceptable to the Collateral Agent.
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Letters of Credit Warranties and Covenants. If requested by Agent, Borrower will deliver to Agent all Letters of Credit under which it is the beneficiary or is otherwise entitled to receive proceeds duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance reasonably satisfactory to Agent. Borrower will also deliver to Agent all security agreements securing any such Letters of Credit and execute UCC financing statement amendments assigning to Agent any UCC financing statements filed by Borrower in connection with such security agreements. Borrower will take any and all actions necessary (or reasonably required or requested by Agent), from time to time, to cause Agent to obtain exclusive Control of any Letter-of-Credit Rights owned by Borrower in a manner reasonably acceptable to Agent.
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Related to Letters of Credit Warranties and Covenants

  • Representations and Warranties of the Lenders In connection with the transactions provided for herein, each Lender hereby represents and warrants to the Company that:

  • Representations and Warranties of Credit Parties Each of the Credit Parties represents and warrants as follows:

  • Representations and Warranties in Loan Documents All representations and warranties made by the Borrower in the Loan Documents to which it is a party are true and correct in all material respects as of the date of this Agreement and as of any date that Borrower is deemed to reaffirm the same under this Agreement (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date).

  • Representations and Warranties in Credit Agreement The representations and warranties of the Borrower contained in the Credit Agreement were true and correct as of the date made and are also true on and as of the date hereof and with the same force and effect as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date).

  • Representations and Warranties of the Loan Parties Each Loan Party represents and warrants as follows:

  • Representations and Warranties of Loan Parties Each of the Loan Parties represents and warrants as follows:

  • Representations and Warranties of Lenders Each Lender, upon execution and delivery hereof or upon succeeding to an interest in the Commitments or Loans, as the case may be, represents and warrants as of the Closing Date or as of the effective date of the applicable Assignment and Assumption that (i) it is an Eligible Assignee; (ii) it has experience and expertise in the making of or investing in commitments, loans or investments such as the Commitments and Loans; and (iii) it will make or invest in its Commitments and Loans for its own account in the ordinary course of its business and without a view to distribution of such Commitments and Loans within the meaning of the Securities Act or the Exchange Act, or other federal securities laws (it being understood that, subject to the provisions of this Section 10.6, the disposition of such Commitments and Loans or any interests therein shall at all times remain within its exclusive control).

  • Representations and Warranties of the Lender The Lender hereby represents and warrants to the Borrower as follows:

  • REPRESENTATIONS AND WARRANTIES OF THE CREDIT PARTIES To induce the Administrative Agent and Lenders to enter into this Agreement and to induce the Lenders to make Extensions of Credit, the Credit Parties hereby represent and warrant to the Administrative Agent and the Lenders both before and after giving effect to the transactions contemplated hereunder, which representations and warranties shall be deemed made on the Closing Date and as otherwise set forth in Section 6.2, that:

  • Representations and Warranties of Lender Lender hereby represents and warrants to Borrower as follows:

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