Common use of Conditions Precedent to All Borrowings Clause in Contracts

Conditions Precedent to All Borrowings. The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

Appears in 25 contracts

Samples: Credit Agreement (Delta Petroleum Corp/Co), Credit Agreement (Resaca Exploitation, Inc.), Credit Agreement (Resaca Exploitation, Inc.)

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Conditions Precedent to All Borrowings. The obligation of each Lender Bank to make an Advance on the occasion of each Borrowing and of the Issuing Lender Bank to issue, increase, or extend any Letter of Credit or to convert an Existing Letter of Credit to a Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit or conversion of such Existing Letter of Credit:

Appears in 4 contracts

Samples: Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp)

Conditions Precedent to All Borrowings. The obligation of each Lender Bank to make an Advance on the occasion of each Borrowing and of the Issuing Lender Bank to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

Appears in 4 contracts

Samples: Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp), Credit Agreement (Stone Energy Corp)

Conditions Precedent to All Borrowings. The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit and of any reallocation of Letter of Credit Exposure provided in Section 2.17(c)(i), shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of CreditCredit or the date of such reallocation:

Appears in 3 contracts

Samples: Credit Agreement (Alta Mesa Holdings, LP), Credit Agreement (Alta Mesa Energy LLC), Credit Agreement (Alta Mesa Holdings, LP)

Conditions Precedent to All Borrowings. The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

Appears in 3 contracts

Samples: Secured Credit Agreement (Cross Border Resources, Inc.), Secured Credit Agreement (Red Mountain Resources, Inc.), Secured Credit Agreement (Cross Border Resources, Inc.)

Conditions Precedent to All Borrowings. The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit (including the deemed issuance of the Existing Letters of Credit) and of any reallocation of Letter of Credit Exposure provided in Section 2.16 shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of CreditCredit or such reallocation:

Appears in 3 contracts

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

Conditions Precedent to All Borrowings. The obligation of each Lender to make an Advance a Loan on the occasion of each Borrowing and of the Issuing Lender Agent to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

Appears in 2 contracts

Samples: Credit Agreement (Edge Petroleum Corp), Credit Agreement (Edge Petroleum Corp)

Conditions Precedent to All Borrowings. The obligation of each Lender Bank to make an a Revolving Advance on the occasion of each Revolving Borrowing and of the Issuing Lender Bank to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Revolving Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

Appears in 2 contracts

Samples: Credit Agreement (RLP Gulf States LLC), Credit Agreement (Ram Energy Inc/Ok)

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Conditions Precedent to All Borrowings. The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:: HOUSTON\2059604 -47-

Appears in 1 contract

Samples: Credit Agreement (Abraxas Petroleum Corp)

Conditions Precedent to All Borrowings. The obligation of each Lender Bank to make an Advance on the occasion of each Borrowing (other than a continuation pursuant to Section 2.3(b), or a Conversion pursuant to Section 2.3(b)) and of the Issuing Lender Bank to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

Appears in 1 contract

Samples: Credit Agreement (Stone Energy Corp)

Conditions Precedent to All Borrowings. The obligation of each Lender Bank to make an Advance on the occasion of each Borrowing (other than a continuation pursuant to Section 2.3(b) or a Conversion pursuant to Section 2.3(b)) and of the Issuing Lender Bank to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

Appears in 1 contract

Samples: Credit Agreement (Stone Energy Corp)

Conditions Precedent to All Borrowings. The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

Appears in 1 contract

Samples: Credit Agreement (Atp Oil & Gas Corp)

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