Conditions to the Initial Loans. The obligation of each Lender to make its initial Loan and the obligation of the relevant Issuing Lender to issue the initial Letter of Credit on or after the Effective Date shall be subject to the satisfaction of the following conditions precedent:
Appears in 2 contracts
Samples: Credit Agreement (Panhandle Eastern Corp Et Al), Credit Agreement (Panhandle Eastern Corp Et Al)
Conditions to the Initial Loans. The obligation of each Lender to make its initial Loan and the obligation of the relevant Issuing Lender to issue the initial Letter of Credit on or after the Effective Date Loans shall be subject to the satisfaction (or waiver thereof) of each of the following conditions precedent:precedent set forth below.
Appears in 1 contract
Samples: Revolving Credit Agreement (Regency Energy Partners LP)
