Common use of Conditions Precedent to Each Extension of Credit Clause in Contracts

Conditions Precedent to Each Extension of Credit. The obligation of each Lender and each LC Issuing Bank to make each Extension of Credit to be made by it hereunder (other than in connection with any Borrowing that would not increase the aggregate principal amount of Loans outstanding immediately prior to the making of such Borrowing) shall be subject to the following statements being true on the date of such Borrowing (and each of the giving of the applicable Notice of Borrowing or Request for Issuance and the acceptance by the Borrower of the proceeds of any such Extension of Credit shall constitute a representation and warranty by the Borrower that on the date of such Extension of Credit such statements are true):

Appears in 27 contracts

Samples: Credit Agreement (Midamerican Energy Co), Credit Agreement (Pacificorp /Or/), Credit Agreement (Pacificorp /Or/)

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Conditions Precedent to Each Extension of Credit. The obligation of each Lender and Lender, each LC Issuing Bank and the Swingline Lender to make each Extension of Credit to be made by it hereunder (other than in connection with any Borrowing that would not increase the aggregate principal amount of Loans outstanding immediately prior to the making of such Borrowing) shall be subject to the following statements being true on the date of such Borrowing (and each of the giving of the applicable Notice of Borrowing or Request for Issuance and the acceptance by the Borrower of the proceeds of any such Extension of Credit shall constitute a representation and warranty by the Borrower that on the date of such Extension of Credit such statements are true):

Appears in 11 contracts

Samples: Credit Agreement (Berkshire Hathaway Energy Co), Credit Agreement (Midamerican Energy Holdings Co /New/), Credit Agreement (Midamerican Funding LLC)

Conditions Precedent to Each Extension of Credit. The obligation of each Lender and each LC Issuing Bank to make each Extension of Credit to be made by it hereunder (other than in connection with any Borrowing that would not increase the aggregate principal amount of Loans outstanding immediately prior to the making of such Borrowing) shall be subject to the following statements being true on the date of such Borrowing (and each of the giving of the applicable Notice of Borrowing or Request for Issuance and the acceptance by the Borrower of the proceeds of any such Extension of Credit shall constitute a representation and warranty by the Borrower that on the date of such Extension of Credit such statements are true):

Appears in 4 contracts

Samples: Credit Agreement (Pacificorp /Or/), Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Funding LLC)

Conditions Precedent to Each Extension of Credit. The obligation of each Lender and each LC Issuing Bank to make each Extension of Credit Advances to be made by it hereunder (other than in connection with including the initial Advance to be made by it), the obligation of each LC Bank to issue Letters of Credit (including the initial Letter of Credit to be issued by it) or to amend any Borrowing that would not such Letter of Credit so as to increase the aggregate principal stated amount thereof and the obligation of Loans outstanding immediately prior the Swingline Lender to the making of such Borrowing) make any Swingline Advance shall be subject to the following statements being true further conditions precedent that on the date of such Borrowing Extension of Credit, the following statements shall be true (and each of the giving of the applicable Notice notice or request by the Borrower with respect to such Extension of Borrowing or Request for Issuance Credit and the acceptance by the Borrower of the proceeds of any such Extension of Credit shall constitute a representation and warranty by the Borrower that that, on the date of such Extension of Credit Credit, such statements are true):

Appears in 2 contracts

Samples: Credit Agreement (Exelon Corp), Credit Agreement (Constellation Energy Group Inc)

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Conditions Precedent to Each Extension of Credit. β€Œ The obligation of each Lender and Lender, each LC Issuing Bank and the Swingline Lender to make each Extension of Credit to be made by it hereunder (other than in connection with any Borrowing that would not increase the aggregate principal amount of Loans outstanding immediately prior to the making of such Borrowing) shall be subject to the following statements being true on the date of such Borrowing (and each of the giving of the applicable Notice of Borrowing or Request for Issuance and the acceptance by the Borrower of the proceeds of any such Extension of Credit shall constitute a representation and warranty by the Borrower that on the date of such Extension of Credit such statements are true):

Appears in 1 contract

Samples: Credit Agreement

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