Common use of New Swing Line Loans/Letters of Credit Clause in Contracts

New Swing Line Loans/Letters of Credit. So long as any Bank is a Defaulting Bank, (i) the Swing Line Bank shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 3 contracts

Samples: Pledge Agreement (Graco Inc), Credit Agreement (Graco Inc), Credit Agreement (Graco Inc)

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New Swing Line Loans/Letters of Credit. So long as any Bank is a Defaulting Bank, (i) the Swing Line Bank Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit no Fronting Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Davey Tree Expert Co), Assignment Agreement (Davey Tree Expert Co), Assignment Agreement (Davey Tree Expert Co)

New Swing Line Loans/Letters of Credit. So long as any Bank Facility A Revolving Lender is a Defaulting BankLender, (i) the no Swing Line Bank Lender shall not be required to fund any Swing Line Loans Loan unless it is reasonably satisfied that it will have has no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit no Issuing Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have has no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Regal Beloit Corp), Credit Agreement (Regal Beloit Corp)

New Swing Line Loans/Letters of Credit. So long as any Bank Working Capital Lender is a Defaulting BankLender, (i) the Swing Line Bank Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit no Issuing Bank shall not be required to issue, extend, increase, reinstate or renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Working Capital Facility Agreement (Cheniere Energy, Inc.), Working Capital Facility Agreement (Cheniere Corpus Christi Holdings, LLC)

New Swing Line Loans/Letters of Credit. So long as any Bank is a Defaulting Bank, (i) the Swing Line Bank shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.. (d)

Appears in 2 contracts

Samples: Credit Agreement (Graco Inc), Credit Agreement (Graco Inc)

New Swing Line Loans/Letters of Credit. So long as any Bank Lender is a Defaulting BankLender, (i) the Swing Line Bank shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit no Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Agco Corp /De), Credit Agreement (Agco Corp /De)

New Swing Line Loans/Letters of Credit. So long as any Bank is a Defaulting BankLender, (i) the Swing Line Bank Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (COURIER Corp)

New Swing Line Loans/Letters of Credit. So long as any Bank is a Defaulting Bank, (i) the Swing Line Bank shall not be required to fund any Swing Line Loans Loan unless it is reasonably satisfied that it will have has no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit no Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have has no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Assignment Agreement (Regal Beloit Corp)

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New Swing Line Loans/Letters of Credit. So long as any Bank Lender is a Defaulting BankLender, (i) the Swing Line Bank Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit Issuing Bank shall not be required to issue, extend, increase, reinstate or renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (J2 Global, Inc.)

New Swing Line Loans/Letters of Credit. So long as any Bank is a Defaulting Bank, (i) the Swing Line Bank Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit no Fronting Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. ARTICLE III.

Appears in 1 contract

Samples: Credit Agreement (Davey Tree Expert Co)

New Swing Line Loans/Letters of Credit. So long as any Bank Lender is a Defaulting Bankan Impacted Lender, (i) the Swing Line Bank shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit no Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (Agco Corp /De)

New Swing Line Loans/Letters of Credit. So long as any Bank Lender is a Defaulting BankLender, (i) the Swing Line Bank shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) the Agent in its capacity as issuer of the Letters of Credit no Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 2.12.

Appears in 1 contract

Samples: Credit Agreement (Agco Corp /De)

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