Common use of All Letters of Credit Clause in Contracts

All Letters of Credit. The obligations of the Issuing Lender to maintain the Existing Letters of Credit and issue additional Letters of Credit on the Effective Date, and the obligations to issue, amend, renew or extend Letters of Credit (other than an extension of the expiry date of any Letter of Credit (without increasing the amount thereof), or the renewal of any Letter of Credit (without increasing the amount thereof)) after the Effective Date are subject to the following conditions precedent:

All Letters of Credit. The obligations of the Issuing Lender to maintain issue Letters of Credit (including backstopping or replacing the Existing Letters of Credit and issue additional Letters of Credit Credit) on the Effective Date, and the obligations to issue, amend, renew or extend Letters of Credit (other than an extension of the expiry date of any Letter of Credit (without increasing the amount thereof), or the renewal of any Letter of Credit (without increasing the amount thereof)) after the Effective Date are subject to the following conditions precedent: