Common use of Each Credit Event Clause in Contracts

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a Borrowing consisting solely of a conversion of Loans of one Type to another Type) and of the Issuing Banks to issue Letters of Credit, and the effectiveness of any New Revolving Loan Commitment pursuant to Section 2.23, is subject to the satisfaction, or waiver in accordance with Section 11.02, of the following conditions:

Appears in 8 contracts

Samples: Revolving Credit and Guaranty Agreement (Blue Apron Holdings, Inc.), Credit and Guaranty Agreement (Compass, Inc.), Revolving Credit and Guaranty Agreement (Blue Apron Holdings, Inc.)

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Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a Borrowing consisting solely of a continuation or conversion of Loans of one Type to another Type) and an existing Borrowing), the obligation of the Issuing Banks Bank to issue Letters any Letter of Credit, Credit and the effectiveness any extension of any New Revolving Loan Commitment credit pursuant to Section 2.232.02, 2.19 or 2.20 is subject to the satisfaction, or waiver in accordance with Section 11.02, satisfaction of the following conditions, subject to Section 1.09 with respect to Incremental Term Loans only:

Appears in 6 contracts

Samples: Credit Agreement (LSC Communications, Inc.), Credit Agreement (Donnelley Financial Solutions, Inc.), Credit Agreement (Donnelley Financial Solutions, Inc.)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a Borrowing consisting solely of Borrowing, but excluding a conversion of Loans all or a portion of a Borrowing from one Type to another Type) and the other or a continuation of all or a portion of a Borrowing of the Issuing Banks to issue Letters of Credit, and the effectiveness of any New Revolving Loan Commitment same Type pursuant to Section 2.232.06, and of each Issuing Bank to issue, increase, renew or extend any Letter of Credit, is subject to the satisfaction, or waiver in accordance with Section 11.02, satisfaction of the following conditions:

Appears in 5 contracts

Samples: Credit Agreement (Ralph Lauren Corp), Credit Agreement (Polo Ralph Lauren Corp), Credit Agreement (Ralph Lauren Corp)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than which is not a Borrowing consisting solely conversion or a continuation of a conversion of Loans of one Type to another Type) Loan as provided in Section 2.07), and of the Issuing Banks Bank to issue Letters issue, amend, renew or extend any Letter of Credit, and Credit which increases the effectiveness of any New Revolving Loan Commitment pursuant to Section 2.23LC Exposure, is subject to the satisfaction, or waiver satisfaction of the following conditions (unless waived in accordance with Section 11.02, of the following conditions:9.02):

Appears in 4 contracts

Samples: Credit Agreement (Pennzenergy Co), Credit Agreement (Pennzoil Quaker State Co), Credit Agreement (Pennzoil Quaker State Co)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a Borrowing consisting solely conversion or continuation of a conversion of any Loans of one Type to another Type) without increasing the principal amount thereof), and of the Issuing Banks to issue Letters issue, amend, renew or extend any Letter of Credit, and the effectiveness of any New Revolving Loan Commitment pursuant to Section 2.23, is subject to the satisfaction, satisfaction (or waiver in accordance with Section 11.02, 9.02) of the following conditions:

Appears in 3 contracts

Samples: Credit Agreement (EDGEWELL PERSONAL CARE Co), Credit Agreement (EDGEWELL PERSONAL CARE Co), Credit Agreement (Energizer Holdings Inc)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a including without limitation on the First Borrowing consisting solely of a conversion of Loans of one Type to another TypeDate) and of the Issuing Banks to issue Letters of Credit, and the effectiveness of any New Revolving Loan Commitment pursuant to Section 2.23, is subject to the satisfaction, satisfaction of the following conditions (or waiver thereof in accordance with Section 11.02, of the following conditions:9.02):

Appears in 2 contracts

Samples: Credit Agreement (Delhaize America Inc), Credit Agreement (Delhaize America Inc)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a Borrowing consisting solely of Borrowing, but excluding a conversion of Loans all or a portion of a Borrowing from one Type to another Type) and the other or a continuation of all or a portion of a Borrowing of the Issuing Banks to issue Letters of Credit, and the effectiveness of any New Revolving Loan Commitment same Type pursuant to Section 2.232.06 and of each Issuing Bank to issue, increase, renew or extend any Letter of Credit, is subject to the satisfaction, or waiver in accordance with Section 11.02, satisfaction of the following conditions:

Appears in 2 contracts

Samples: Credit Agreement (Polo Ralph Lauren Corp), Credit Agreement (Polo Ralph Lauren Corp)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a including any Borrowing consisting solely of on the Effective Date, but excluding a conversion of Loans of one Type to another Type) and of the Issuing Banks to issue Letters of Credit, and the effectiveness or continuation of any New Revolving Loan Commitment pursuant to Section 2.23Loan), is subject to the satisfaction, satisfaction of (or waiver of in accordance with Section 11.02, of 9.02) the following conditions:

Appears in 2 contracts

Samples: Credit Agreement (Pacira BioSciences, Inc.), Credit Agreement (Pacira BioSciences, Inc.)

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Each Credit Event. The obligation of each Lender to make a Loan (other than (i) a Term Loan (which shall only be subject to the conditions set forth in Section 4.02) and (ii) an Acquisition-Related Incremental Term Loan made in accordance with, and subject to the terms and conditions of, Section 2.20) on the occasion of any Borrowing (other than a Borrowing consisting solely of a conversion of Loans of one Type to another Type) Borrowing, and of the Issuing Banks to issue Letters issue, amend or extend any Letter of Credit, and the effectiveness of any New Revolving Loan Commitment pursuant to Section 2.23, is subject to the satisfaction, or waiver in accordance with Section 11.02, satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Hillenbrand, Inc.)

Each Credit Event. The obligation obligations of each Lender the Lenders to make a Loan on the occasion of any Borrowing (other than a Borrowing consisting solely of a conversion of Loans of one Type to another Type) and of the Issuing Banks to issue Letters a Letter of Credit, and Credit on the effectiveness occasion of any New Revolving Borrowing and each conversion or a continuation of a Loan Commitment pursuant to Section 2.23, is 2.02 shall be subject to the satisfaction, satisfaction (or waiver in accordance with Section 11.02, 10.01) of the following conditions:

Appears in 1 contract

Samples: Revolving Credit Agreement (Postmedia Network Canada Corp.)

Each Credit Event. The Except as expressly set forth in Section 2.19 the obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a Borrowing consisting solely of a conversion of Loans of one Type to another Type) Type or a continuation of a Term Benchmark Loan following the expiration of the applicable Interest Period), and of the Issuing Banks to issue Letters issue, amend, review or extend any Letter of Credit, and the effectiveness of any New Revolving Loan Commitment pursuant to Section 2.23, is subject to the satisfaction, or waiver in accordance with Section 11.02, satisfaction of the following conditions:

Appears in 1 contract

Samples: Revolving Credit Agreement (Lyft, Inc.)

Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (other than a Borrowing consisting solely of Borrowing, but excluding a conversion of Loans all or a portion of a Borrowing from one Type to another Type) and the other or a continuation of all or a portion of a Borrowing of the Issuing Banks to issue Letters of Credit, and the effectiveness of any New Revolving Loan Commitment same Type pursuant to Section 2.23, 2.06 is subject to the satisfaction, or waiver in accordance with Section 11.02, satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Ralph Lauren Corp)

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