Common use of Initial and Subsequent Loans Clause in Contracts

Initial and Subsequent Loans. The obligation of each Bank or any applicable Issuer to make any Loan (including, without limitation, its initial Loan) to be made by it hereunder or to issue or participate in any Letter of Credit is subject to the additional conditions precedent that (i) Agent shall have received a Request for Extension of Credit and such other certifications as Agent may reasonably require, (ii) in the case of Competitive Loans, the Company shall have complied with the provisions of Section 2.10 hereof and (iii) as of the date of such Loan or such issuance, and after giving effect thereto:

Appears in 2 contracts

Samples: Credit Agreement (Seagull Energy Corp), Credit Agreement (Seagull Energy Corp)

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Initial and Subsequent Loans. The obligation of each Bank or any applicable Issuer to make any Loan (including, without limitation, its initial Loan) to be made by it hereunder or to accept and purchase Bankers' Acceptances or to issue or participate in any Letter of Credit is subject to the additional conditions precedent that (i) the Administrative Agent and the Paying Agent shall have received a Request for Extension of Credit and such other certifications as the Administrative Agent may reasonably require, require and (ii) in the case of Competitive Loans, the Company shall have complied with the provisions of Section 2.10 hereof and (iii) as of the date of such Loan or such acceptance and purchase or such issuance, and after giving effect thereto:

Appears in 2 contracts

Samples: Credit Agreement (Seagull Energy Corp), Credit Agreement (Seagull Energy Corp)

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Initial and Subsequent Loans. The obligation of each Bank or any applicable Issuer to make any Loan (including, without limitation, its initial Loan) to be made by it hereunder or to issue or participate in any Letter of Credit is subject to the additional conditions precedent that (i) Administrative Agent shall have received a Request for Extension of Credit and such other certifications as Administrative Agent may reasonably require, (ii) in the case of Competitive Loans, the Company shall have complied with the provisions of Section 2.10 2.9 hereof and (iii) as of the date of such Loan or such issuance, and after giving effect thereto:

Appears in 1 contract

Samples: Credit Agreement (Seagull Energy Corp)

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