Common use of Commitment for Letters of Credit Clause in Contracts

Commitment for Letters of Credit. Subject to the terms and conditions set forth in this Agreement, the Issuing Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.2, from time to time on any Business Day during the period from the Effective Date until the Maturity Date, to issue, increase or extend the expiration date of, Letters of Credit for the account of the Borrower or a Guarantor (other than Global Holdings) (in which case the Borrower and such Guarantor shall be co-applicants with respect to such Letter of Credit), provided that no Letter of Credit will be issued, increased, or extended:

Appears in 2 contracts

Samples: Credit Agreement (Pioneer Energy Services Corp), Credit Agreement (Pioneer Drilling Co)

AutoNDA by SimpleDocs

Commitment for Letters of Credit. Subject to the terms and conditions set forth in this Agreement, the Issuing Lender agrees, Agreement and in reliance upon the agreements of the other Lenders set forth in this Section 2.2Section, the Issuing Lender agrees to, from time to time on any Business Day during the period from the Effective Funding Date until the Maturity Letter of Credit Termination Date, to issue, increase or extend the expiration date of, of Letters of Credit denominated in Dollars for the account of the Borrower or a Guarantor (other than Global Holdings) (Guarantor; provided that, in which case the Borrower and such Guarantor shall be co-applicants with respect to such Letter of Credit)any event, provided that no Letter of Credit will be issued, increased, or extended:

Appears in 1 contract

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

Commitment for Letters of Credit. Subject to the terms and conditions set forth in this Agreement, the Issuing Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.2, from time to time on any Business Day during the period from the Effective Date until the Maturity Date, to issue, increase or extend the expiration date of, Letters of Credit for the account of the Borrower or a Guarantor (other than Global Holdings) (in which case the Borrower and such Guarantor shall be co-applicants with respect to such Letter of Credit), provided that no Letter of Credit will be issued, increased, or extended:

Appears in 1 contract

Samples: Credit Agreement (Pioneer Drilling Co)

AutoNDA by SimpleDocs

Commitment for Letters of Credit. Subject to the terms and conditions set forth in this Agreement, the Issuing Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.2, from time to time on any Business Day during the period from and including the Effective Date until the Maturity Date, to issue, increase or extend the expiration date of, Letters of Credit for the account of the Borrower Borrower, any Guarantor or a any other Subsidiary in support of obligations of the Borrower, any Guarantor (or any other than Global Holdings) (in which case the Borrower and such Guarantor shall be co-applicants with respect to such Letter of Credit)Subsidiary, provided that no Letter of Credit will be issued, increased, or extended:

Appears in 1 contract

Samples: Credit Agreement (Oceaneering International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!