Common use of Commitment for Letters of Credit Clause in Contracts

Commitment for Letters of Credit. The Issuing Lender, the Lenders and the Borrower agree that effective as of the Closing Date, the Existing Letter of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement as a Letter of Credit. Subject to the terms and conditions set forth in this Agreement and in reliance upon the agreements of the other Lenders set forth in this Section, the Issuing Lender agrees to, from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Termination Date, issue, increase or extend the expiration date of Letters of Credit for the account of any Credit Party or Subsidiary thereof; provided that, in any event, no Letter of Credit will be issued, increased, or extended:

Appears in 6 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

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Commitment for Letters of Credit. The Issuing LenderLenders, the Lenders Lenders, and the Borrower agree that effective as of the Closing Effective Date, the Existing Letter Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement as a Letter of CreditAgreement. Subject to the terms and conditions set forth in this Agreement and Agreement, each Issuing Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section, the Issuing Lender agrees toSection 2.2, from time to time on any Business Day during the period from the Closing Effective Date until the Letter Business Day immediately preceding the Revolving Maturity Date, to issue Letters of Credit Termination Datefor the account of any Restricted Entity, issue, and increase or extend the expiration date of Letters of Credit for the account of any Credit Party or Subsidiary thereofissued by such Issuing Lender; provided that, in any event, that no Letter of Credit will be issued, increased, or extended:

Appears in 3 contracts

Samples: Credit Agreement (Forum Energy Technologies, Inc.), Credit Agreement (Forum Energy Technologies, Inc.), Credit Agreement (Forum Energy Technologies, Inc.)

Commitment for Letters of Credit. The Issuing Lender, the Lenders Lenders, Holdings, and the Borrower agree each agrees that effective as of the Closing Date, the Existing Letter Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement as a Letter of CreditAgreement. Subject to the terms and conditions set forth in this Agreement and Agreement, the Issuing Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section, the Issuing Lender agrees toSection 2.07, from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Commitment Termination Date, to issue, increase or extend the expiration date Expiration Date of Letters of Credit for the account of any Credit Party or Subsidiary thereof; Loan Party, provided that, in any event, that no Letter of Credit will be issued, increased, or extended:

Appears in 3 contracts

Samples: Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp), Credit Agreement (Penn Virginia Corp)

Commitment for Letters of Credit. The Issuing Lender, the Lenders and the Borrower agree that effective as of the Closing Date, the Existing Letter Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement as a Letter of CreditAgreement. Subject to the terms and conditions set forth in this Agreement and Agreement, the Issuing Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section, the Issuing Lender agrees toSection 2.2, from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Termination Revolving Maturity Date, to issue, increase or extend the expiration date of of, Letters of Credit for the account of any Credit Party or Subsidiary thereof; Party, provided that, in any event, that no Letter of Credit will be issued, increased, or extended:

Appears in 1 contract

Samples: Credit Agreement (Flotek Industries Inc/Cn/)

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Commitment for Letters of Credit. The Issuing Lender, the Lenders and the Borrower agree that effective as of the Closing Effective Date, the Existing Letter Letters of Credit shall be deemed to have been issued and maintained under, and to be governed by the terms and conditions of, this Agreement as a Letter of CreditAgreement. Subject to the terms and conditions set forth in this Agreement and Agreement, the Issuing Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section, the Issuing Lender agrees toSection 2.2, from time to time on any Business Day during the period from the Closing Effective Date until the Letter of Credit Termination Revolving Maturity Date, to issue, increase or extend the expiration date of of, Letters of Credit for the account of any Credit Party or Subsidiary thereof; Party, provided that, in any event, that no Letter of Credit will be issued, increased, or extended:

Appears in 1 contract

Samples: Credit Agreement (Flotek Industries Inc/Cn/)

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