New Swing Line Loans/Facility LCs. So long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the LC Issuer shall not be required to issue, extend, renew or increase any Facility LC unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.
Appears in 19 contracts
Samples: Credit Agreement (Jack Henry & Associates Inc), Credit Agreement (Universal Electronics Inc), Credit Agreement (Henry Jack & Associates Inc)
New Swing Line Loans/Facility LCs. So long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the no LC Issuer shall not be required to issue, extend, renew or increase any Facility LC unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.
Appears in 17 contracts
Samples: Credit Agreement (Blueknight Energy Partners, L.P.), Credit Agreement (Hawkins Inc), Credit Agreement (New Home Co Inc.)
New Swing Line Loans/Facility LCs. So long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the LC Issuer Issuers shall not be required to issue, extend, renew or increase any Facility LC unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto.
Appears in 5 contracts
Samples: Credit Agreement (Arcbest Corp /De/), Credit Agreement (Arcbest Corp /De/), Credit Agreement (Arcbest Corp /De/)
New Swing Line Loans/Facility LCs. So long as any Lender is a Defaulting Lender, (i) the no Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the no LC Issuer shall not be required to issue, extend, renew or increase any Facility LC unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.
Appears in 2 contracts
Samples: Credit Agreement (Plexus Corp), Credit Agreement (Cameron International Corp)
New Swing Line Loans/Facility LCs. So long as any Lender is a Defaulting Lender, (ia) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (iib) the LC Issuer shall not be required to issue, extend, renew or increase any Facility LC unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.
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New Swing Line Loans/Facility LCs. So long as any Lender Bank is a Defaulting LenderBank, (i) the Swing Line Lender Bank shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure fronting exposure after giving effect to such Swing Line Loan and (ii) the LC Issuer shall not be required to issue, extend, renew or increase any Facility LC unless it is satisfied that it will have no Fronting Exposure fronting exposure after giving effect thereto.
Appears in 1 contract
Samples: Loan Agreement (OVERSTOCK.COM, Inc)
New Swing Line Loans/Facility LCs. So long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the LC Issuer Issuers shall not be required to issue, extend, renew or increase any Facility LC unless it is satisfied that it will have no Fronting Exposure (other than any Fronting Exposure that is Cash Collateralized by the Borrower) after giving effect thereto.
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