Conditions Precedent to Each Extension of Credit. The obligation of the Lenders to make each Loan and the obligation of any LC Issuing Bank to issue, extend or increase the Stated Amount of any Letter of Credit is subject to the prior satisfaction of each of the following conditions:
Appears in 14 contracts
Samples: Credit Agreement (Tampa Electric Co), Assignment and Assumption (Teco Energy Inc), Assignment and Assumption (Tampa Electric Co)
Conditions Precedent to Each Extension of Credit. The obligation of the Lenders to make each Loan and the obligation of any LC Issuing Bank Lender to issue, extend or increase the Stated Amount of any issue a Letter of Credit Credit, including the initial extensions of credit hereunder, is subject to the prior satisfaction of each of the following conditionsconditions precedent:
Appears in 6 contracts
Samples: Credit Agreement (Wyndham Worldwide Corp), Credit Agreement (Wyndham Worldwide Corp), Day Credit Agreement (Cendant Corp)
Conditions Precedent to Each Extension of Credit. The obligation of the Lenders to make each Loan and the obligation of any LC Issuing Bank to issue, extend or increase the Stated Amount of any Letter of Credit is subject to the prior satisfaction of each of the following conditions:conditions (unless waived by Administrative Agent with the consent of Lenders holding in excess of 50% of the Proportionate Shares in the Total Commitment):
Appears in 2 contracts
Samples: Credit Agreement (Teco Energy Inc), Credit Agreement (Tampa Electric Co)
Conditions Precedent to Each Extension of Credit. The obligation of the Lenders to make each Loan and the obligation of any LC Issuing Bank to issue, extend extend, increase or increase decrease the Stated Amount of any Letter of Credit is subject to the prior satisfaction of each of the following conditions:
Appears in 1 contract
