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

Conditions Precedent to Each Letter of Credit. The obligation of the Bank to issue any Letter of Credit hereunder shall be subject to the satisfaction of the following conditions precedent (and any request a Letter of Credit shall be deemed a representation and warranty by the Borrower that each of the following conditions precedent have been satisfied):

Conditions Precedent to Each Letter of Credit. The obligation of the an Issuing Bank to issue any each Letter of Credit hereunder shall be subject to the satisfaction additional conditions precedent that, on the date of issuance of such Letter of Credit, the following statements shall be true (and each of the following conditions precedent (giving of the applicable Notice of Letter of Credit and any request a the acceptance by the Borrower of the issuance of such Letter of Credit shall be deemed constitute a representation and warranty by the Borrower that each on the date of the following conditions precedent have been satisfiedissuance of such Letter of Credit such statements are true):

Conditions Precedent to Each Letter of Credit. The obligation of the Issuing Bank to issue any each Letter of Credit hereunder shall be subject to the satisfaction further conditions precedent that on the date of such Letter of Credit (a) the following statements shall be true (and each of the following conditions precedent (giving of the applicable Notice of Letter of Credit and any request a the acceptance by the Borrower of the issuance of such Letter of Credit shall be deemed constitute a representation and warranty by the Borrower that each on the date of the following conditions precedent have been satisfiedissuance of such Letter of Credit such statements are true):