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

Conditions Precedent to Each Loan and Each Letter of Credit. The obligation of the Lenders to make each Loan (other than a Revolving Credit Loan pursuant to an Refunding Borrowing), of each Fronting Bank to issue and extend or renew each Letter of Credit is subject to the following conditions precedent:

Appears in 1 contract

Samples: Agreement (Federal-Mogul Holdings Corp)

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Conditions Precedent to Each Loan and Each Letter of Credit. The obligation of the Lenders to make each Loan (other than a Revolving and of the Letter of Credit Loan pursuant to an Refunding Borrowing), of each Fronting Bank Issuer to issue and extend or renew each Letter of Credit, including the initial Revolving Loans, the initial Letters of Credit and the Term Loan, is subject to the following conditions precedent:

Appears in 1 contract

Samples: Possession Credit Agreement (Nutramax Products Inc /De/)

Conditions Precedent to Each Loan and Each Letter of Credit. The obligation of the Lenders to make each Loan (other than a Revolving Credit Loan pursuant to an Refunding Borrowing), and of each the relevant Fronting Bank to issue and extend or renew each Letter of Credit Credit, including the initial Loan and the initial Letter of Credit, is subject to the following conditions precedent:

Appears in 1 contract

Samples: Revolving Credit Agreement (Payless Cashways Inc)

Conditions Precedent to Each Loan and Each Letter of Credit. The obligation of the Lenders to make each Loan (other than a Revolving Credit Loan pursuant to an R/C Refunding Borrowing), of each Fronting Bank to issue and extend or renew each Letter of Credit is subject to the following conditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Federal Mogul Corp)

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Conditions Precedent to Each Loan and Each Letter of Credit. The obligation of the Lenders to make each Loan (other than a Revolving Credit Loan pursuant to an Refunding Borrowing), and of each the Fronting Bank to issue and extend or renew each Letter of Credit, including the initial Loan and the initial Letter of Credit and any Additional Credit, is subject to the following conditions precedent:

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Ual Corp /De/)

Conditions Precedent to Each Loan and Each Letter of Credit. The obligation of the Lenders to make each Loan (other than a Revolving Credit Loan pursuant to an Refunding Borrowing), the Tranche C Loan) and of each the Fronting Bank to issue and extend or renew each Letter of Credit, including the initial Loan and the initial Letter of Credit and any Additional Credit, is subject to the following conditions precedent:

Appears in 1 contract

Samples: Security and Pledge Agreement (Ual Corp /De/)

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