New Swingline Loans/Letters of Credit. 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 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. Article III. TAXES, YIELD PROTECTION AND ILLEGALITY
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Samples: Credit Agreement (McGrath Rentcorp)
New Swingline Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swing Line Swingline Lender shall not be required to fund any Swing Line Swingline Loans unless it is satisfied that it will have no not Fronting Exposure after giving effect to such Swing Line Loan Swingline Loans and (ii) the no L/C Issuer shall not be required to issue, extend, increase, reinstate renew or renew increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. Article III. ARTICLE 3 TAXES, YIELD PROTECTION AND ILLEGALITY
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Samples: Asset Based Revolving Credit Agreement (Warrior Met Coal, Inc.)
New Swingline Loans/Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, (i) the Swing Line Swingline Lender shall not be required to fund any Swing Line Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Swingline Loan and (ii) neither the L/C Issuer nor the Underlying 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. Article III. ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITYILLEGALITY 3.01
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Samples: Execution Copy Credit Agreement (Babcock & Wilcox Enterprises, Inc.)
New Swingline Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swing Line Swingline Lender shall not be required to fund any Swing Line Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan Swingline 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. Article III. ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITYILLEGALITY 3.01
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