New Swing Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) PNC, as the provider of Swing Loans hereunder, shall not be required to fund any Swing Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Loan (determined after giving due consideration to Section 2.11(a)(iv)) and (ii) no Issuing Bank 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 (determined after giving due consideration to Section 2.11(a)(iv)).
Appears in 4 contracts
Samples: Credit Agreement (Eastgroup Properties Inc), Credit Agreement (Eastgroup Properties Inc), Credit Agreement (Eastgroup Properties Inc)
