Common use of Transitional Provision Clause in Contracts

Transitional Provision. Schedule 3.2 contains a schedule of certain letters of credit issued for the account of the Borrower prior to the Closing Date. Subject to the satisfaction of the conditions contained in Sections 5.1 and 5.2, from and after the Closing Date such letters of credit shall be deemed to be Letters of Credit issued pursuant to this Article III.

Appears in 5 contracts

Samples: Credit Agreement (Schawk Inc), Credit Agreement (Schawk Inc), Credit Agreement (Schawk Inc)

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Transitional Provision. Schedule 3.2 2.21 contains a schedule of certain letters of credit issued for the account of the Borrower Borrowers prior to the Closing Date. Subject to the satisfaction of the conditions contained in Sections 5.1 4.1, 4.2 and 5.24.3, from and after the Closing Date such letters of credit shall be deemed to be Letters of Credit Facility LCs issued pursuant to this Article IIISection 2.21.

Appears in 5 contracts

Samples: 5 Year Revolving Credit Agreement (Acuity Brands Inc), 5 Year Revolving Credit Agreement (Zep Inc.), Revolving Credit Agreement (Acuity Brands Inc)

Transitional Provision. Schedule 3.2 contains a schedule of certain letters of credit issued for the account of the Borrower and its Subsidiaries by any of the Lenders prior to the Closing Date. Subject to the satisfaction of the conditions contained in Sections 5.1 and 5.2, from and after the Closing Date such letters of credit shall be deemed to be Letters of Credit issued pursuant to this Article III.

Appears in 5 contracts

Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)

Transitional Provision. Schedule 3.2 2.04 contains a schedule of certain letters of credit issued (or deemed issued) for the account of the Borrower prior to the Closing Effective Date. Subject to the satisfaction of the conditions contained in Sections 5.1 3.01 and 5.23.02, from and after the Closing Effective Date such letters of credit shall be deemed to be Letters of Credit issued pursuant to this Article IIISection 2.04.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Nisource Inc/De), Revolving Credit Agreement (Nisource Inc/De), Revolving Credit Agreement (Nisource Inc/De)

Transitional Provision. Schedule 3.2 2.21 contains a schedule of certain letters of credit issued for the account of the Borrower prior to the Closing DateDate under the Existing Credit Agreement (the “Existing Facility LCs”). Subject to the satisfaction of the conditions contained in Sections 5.1 4.1 and 5.24.2, from and after the Closing Date such letters of credit shall be deemed to be Letters of Credit Facility LCs issued pursuant to this Article IIISection 2.21.

Appears in 1 contract

Samples: Credit Agreement (Blueknight Energy Partners, L.P.)

Transitional Provision. Schedule 3.2 2.21 contains a schedule of certain letters of credit issued by JPMCB for the account of the Borrower prior to the Closing Date. Subject to the satisfaction of the conditions contained in Sections 5.1 4.1 and 5.24.2, from and after the Closing Date such letters of credit shall be deemed to be Letters of Credit Facility LCs issued pursuant to this Article IIISection 2.21.

Appears in 1 contract

Samples: Revolving Credit Agreement (Applebees International Inc)

Transitional Provision. Schedule 3.2 1 contains a schedule of certain ---------------------- ---------- letters of credit issued for the account of the Borrower prior to the Closing Date. Subject to the satisfaction of the conditions contained in Sections 5.1 ------------ and 5.2, from and after the Closing Date such letters of credit shall be deemed --- to be Letters of Credit Facility LCs issued pursuant to this Article III.. -----------

Appears in 1 contract

Samples: Credit Agreement (Howmet International Inc)

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Transitional Provision. Schedule 3.2 2.04 contains a schedule of certain letters of credit issued (or deemed issued) for the account of the Borrower pursuant to the Existing Credit Agreement prior to the Closing Effective Date. Subject to the satisfaction of the conditions contained in Sections 5.1 3.01 and 5.23.02, from and after the Closing Effective Date such letters of credit shall be deemed to be Letters of Credit issued pursuant to this Article IIISection 2.04.

Appears in 1 contract

Samples: Revolving Credit Agreement (Nisource Inc/De)

Transitional Provision. Schedule 3.2 2.24 contains a schedule of certain letters Letters of credit Credit issued for the account of the Borrower Borrowers prior to the Closing Date. Subject to the satisfaction of the conditions contained in Sections 5.1 4.1 and 5.24.2, from and after the Closing Date such letters Letters of credit Credit shall be deemed to be Letters of Credit Facility LCs issued pursuant to this Article IIISection 2.24.

Appears in 1 contract

Samples: Credit Agreement (Patterson Dental Co)

Transitional Provision. Schedule 3.2 SCHEDULE 2.20 contains a schedule of certain letters of credit issued for the account of the Borrower prior to the Closing Date. Subject to the satisfaction of the conditions contained in Sections 5.1 4.1 and 5.24.2, from and after the Closing Date such letters of credit shall be deemed to be Letters of Credit Facility LCs issued pursuant to this Article IIISection 2.20.

Appears in 1 contract

Samples: Revolving Credit Agreement (United Stationers Supply Co)

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