Common use of New Swing Line Loans/Letters of Credit Clause in Contracts

New Swing Line Loans/Letters of Credit. So long as any Revolving 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 L/C Issuer shall not be required to issue, extend, increase, reinstate or renew any letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (Wiley John & Sons, Inc.)

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New Swing Line Loans/Letters of Credit. So long as any Revolving 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 L/C Issuer shall not be required to issue, extend, increase, reinstate or renew any letter Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.. 2.17

Appears in 1 contract

Samples: Credit Agreement (Helen of Troy LTD)

New Swing Line Loans/Letters of Credit. So long as any Revolving 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 L/C Issuer shall not be required to issue, extend, increase, reinstate or renew any letter Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. TAXES, YIELD PROTECTION AND ILLEGALITY Taxes.

Appears in 1 contract

Samples: Credit Agreement (Fresh Del Monte Produce Inc)

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New Swing Line Loans/Letters of Credit. So long as any Revolving Credit 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 L/C Issuer shall not be required to issue, extend, increase, reinstate or renew any letter Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.. Exhibit 10.1 ARTICLE III

Appears in 1 contract

Samples: Credit Agreement (Tandem Diabetes Care Inc)

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