Common use of Each Extension of Credit Clause in Contracts

Each Extension of Credit. The obligation of each Lender to make a Loan on the occasion of any Borrowing to be made at any time on or after the Effective Date, and of an Issuing Lender to issue, amend, renew or extend any Letter of Credit at any time on or after the Effective Date, is subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Foster Wheeler Ag)

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Each Extension of Credit. The obligation of each Lender to make a Loan on the occasion of any Borrowing to be made at any time on or after the Restatement Effective Date, and of an Issuing Lender to issue, amend, renew or extend any Letter of Credit at any time on or after the Restatement Effective Date, is subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Foster Wheeler Ag)

Each Extension of Credit. The obligation of each Lender to make a Loan on the occasion of any Borrowing to be made at any time on or after the Effective Closing Date, and of an Issuing Lender to issue, amend, renew or extend any Letter of Credit at any time on or after the Effective Closing Date, is subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Security Agreement (Foster Wheeler LTD)

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Each Extension of Credit. The obligation of each Lender to make a Loan on the occasion of any Borrowing to be made at any time on or after the Effective DateBorrowing, and of an the Issuing Lender Bank to issue, amend, renew or extend any Letter of Credit, including without limitation any Loans and Letters of Credit at any time to be made or issued on or after the Effective Closing Date, is subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit and Security Agreement (Gerber Scientific Inc)

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