New Swing Line Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, except to the extent the Defaulting Lender’s participations have been reallocated pursuant to Section 3.17(a)(iv), (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) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. [Access MLP Operating Credit Agreement]
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Samples: Credit Agreement, Credit Agreement (Access Midstream Partners Lp)
New Swing Line Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, except to the extent the Defaulting Lender’s participations have been reallocated pursuant to Section 3.17(a)(iv), (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) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. [Access MLP Operating Credit Agreement].
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Samples: Credit Agreement (Chesapeake Midstream Partners Lp)
New Swing Line Loans/Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, except to the extent the Defaulting Lender’s participations have been reallocated pursuant to Section 3.17(a)(iv), (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, for the avoidance of doubt, after giving effect to any reallocation described in Section 2.16(a)(iv) above) and (ii) no Issuing Lender L/C Issuer shall be required to issue, extend, increase, reinstate or renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. [Access MLP Operating Credit Agreement].
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New Swing Line Loans/Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, except to the extent the Defaulting Lender’s participations have been reallocated pursuant to Section 3.17(a)(iv), (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, for the avoidance of doubt, after giving effect to any reallocation described in Section 2.16(a)(iv) above) and (ii) no Issuing Lender L/C Issuer shall be required to issue, extend, increase, reinstate or renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. [Access MLP Operating Credit Agreement]2.17
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New Swing Line Loans/Letters of Credit. So long as any Revolving Credit Lender is a Defaulting Lender, except to the extent the Defaulting Lender’s participations have been reallocated pursuant to Section 3.17(a)(iv), (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, for the avoidance of doubt, after giving effect to any reallocation described in Section 2.16(a)(iv) above) and (ii) no Issuing Lender L/C Issuer shall be required to issue, extend, increase, reinstate or renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. [Access MLP Operating Credit Agreement].
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