U.S. Credit Agreement Sample Clauses
A U.S. Credit Agreement is a legal contract that sets out the terms and conditions under which a lender provides credit or a loan to a borrower within the United States. It typically details the amount of credit extended, interest rates, repayment schedules, covenants, and the rights and obligations of both parties. For example, it may specify collateral requirements or outline events of default that could trigger immediate repayment. The core function of this clause is to clearly define the financial relationship and expectations between lender and borrower, thereby reducing the risk of misunderstandings and disputes.
U.S. Credit Agreement. The U.S. Credit Agreement and the other U.S. Loan Documents shall have become effective in accordance with their terms.
U.S. Credit Agreement. Parent shall have assumed, negotiated continuation of, or tendered full payment in accordance with the Pay Off Letter for, all obligations under the US Bank Credit Agreement.
U.S. Credit Agreement. (a) Capitalized terms used in this Agreement and not otherwise defined herein have the meanings set forth in the U.S. Credit Agreement. All capitalized terms defined in the UCC (as such term is defined herein) and not defined in this Agreement have the meanings specified therein. All references to the Uniform Commercial Code shall mean the UCC unless the context requires otherwise.
(b) The rules of construction specified in Section 1.5 of the U.S. Credit Agreement also apply to this Agreement.
U.S. Credit Agreement. The conditions set forth in Section 6.11 (other than Section 6.11(e)) of the US Credit Agreement shall be satisfied.
U.S. Credit Agreement. If the U.S. Credit Agreement is terminated for any reason other than as a result of the occurrence of a U.S. Default, enter into a new credit agreement with the Administrative Agent and the Lenders, on terms and conditions satisfactory to the Administrative Agent and the Lenders, acting reasonably within 60 days of the date of such termination.
U.S. Credit Agreement. The conditions precedent to the effectiveness of the obligations to extend the initial advances under the US Credit Agreement shall have been satisfied or waived.
U.S. Credit Agreement. Any "Event of Default" shall have occurred pursuant to the US Credit Agreement.