Common use of Conditions to Each Borrowing Clause in Contracts

Conditions to Each Borrowing. The obligation of any Lender to make a Loan on the occasion of each Borrowing, including its initial Loan, but not including a Loan pursuant to the second and last sentences of Section 2.03(g) to fund a drawing under a Letter of Credit, is subject to the satisfaction of the following conditions precedent that on the date of such Borrowing:

Appears in 2 contracts

Samples: Credit Agreement (Lyondell Chemical Co), Security Agreement (Lyondell Chemical Co)

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Conditions to Each Borrowing. The obligation of any Lender to make a Loan ---------------------------- on the occasion of each Borrowing, including its initial Loan, but not including a Loan pursuant to the second and last sentences of Section 2.03(g) to fund a drawing under a Letter of Credit, is subject to the satisfaction of the following conditions precedent that on the date of such Borrowing:

Appears in 2 contracts

Samples: Revolving Credit Agreement (Lyondell Chemical Co), Revolving Credit Agreement (Lyondell Chemical Co)

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