CONDITIONS OF LENDING - ALL LOANS AND LETTERS OF CREDIT Sample Clauses

CONDITIONS OF LENDING - ALL LOANS AND LETTERS OF CREDIT. The obligation of each Lender on any Borrowing Date to make each Revolving Credit Loan (other than a Revolving Credit Loan constituting a Mandatory Borrowing), the Swing Line Lender to make each Swing Line Loan, the Issuer to issue each Letter of Credit and any Lender to make a Competitive Bid Loan are subject to the fulfillment of the following conditions precedent:
Sample 1Sample 2Sample 3See All (30)
AutoNDA by SimpleDocs
CONDITIONS OF LENDING - ALL LOANS AND LETTERS OF CREDIT. The obligation of each Lender (including each Swing Line Lender) to make any Loan and each Issuing Bank to Issue any Letter of Credit on a Borrowing Date is subject to the satisfaction of the following conditions precedent as of the date of such Loan or the Issuance of such Letter of Credit, as the case may be:
Sample 1Sample 2Sample 3See All (11)
CONDITIONS OF LENDING - ALL LOANS AND LETTERS OF CREDIT. 52 6.1Compliance 52 6.2Requests 53 6.3Loan Closings 53 7.AFFIRMATIVE COVENANTS 53 7.1Legal Existence 53 7.2Taxes 53 7.3Insurance 54 7.4Performance of Obligations 54 7.5Condition of Property 54 7.6Observance of Legal Requirements 54 7.7Financial Statements and Other Information 54 7.8Records 56 7.9Authorizations 56 8.NEGATIVE COVENANTS 56 8.1Subsidiary Indebtedness 56 8.2Liens 57 (iii) CVS Caremark 2013 Amended and Restated Credit Agreement 8.3Dispositions 57 8.4Merger or Consolidation, Etc. 58 8.5Acquisitions 58 8.6Restricted Payments 58 8.7Limitation on Upstream Dividends by Subsidiaries 58 8.8Limitation on Negative Pledges 59 8.9Ratio of Consolidated Indebtedness to Total Capitalization 59 9.DEFAULT 60 9.1Events of Default 60 9.2Remedies 62 10.AGENT 63 10.1Appointment and Authority 63 10.2Rights as a Lender 63 10.3Exculpatory Provisions 63 10.4Reliance by Administrative Agent 64 10.5Delegation of Duties 65 10.6Resignation of Administrative Agent 65
Sample 1
CONDITIONS OF LENDING - ALL LOANS AND LETTERS OF CREDIT. The obligation of each Lender to make each Loan, and the obligation of the Issuer to issue each Letter of Credit, is subject to the receipt by the Agent of a Borrowing Request, in the case of such Loan, or a Letter of Credit Request, in the case of such Letter of Credit, executed by the Borrower and the fulfillment of the following conditions precedent:
Sample 1
CONDITIONS OF LENDING - ALL LOANS AND LETTERS OF CREDIT. The obligation of each Lender having a Revolving Tranche Commitment to make any Revolving Tranche Loan, the Swing Line Lender to make a Swing Line Loan or the Letter of Credit Issuer to issue any Letter of Credit on a Borrowing Date and each Lender having a Revolving Tranche Commitment to participate therein is subject to the satisfaction of the following conditions precedent as of the date of such Loan or the issuance of such Letter of Credit, as the case may be:
Sample 1
CONDITIONS OF LENDING - ALL LOANS AND LETTERS OF CREDIT. The obligation of each A or B (as applicable) Lender to make a Revolving Credit A or B (as applicable) Loan, the Swing Line Lender to make a Swing Line A or B (as applicable) Loan or each Issuing Bank to issue any Letter of Credit (and each A or B (as applicable) Lender to participate therein) on a Borrowing Date is subject to the satisfaction of the following conditions precedent as of the date of such Revolving Credit Loan or Swing Line Loan or the issuance of such Letter of Credit, as the case may be:
Sample 1
CONDITIONS OF LENDING - ALL LOANS AND LETTERS OF CREDIT. 64 Section 6.1 Compliance 64 Section 6.2 Loan Closings 64 Section 6.3 Borrowing or Letter of Credit Request 64 Section 6.4 French Borrower 64 Section 6.5 Other Documents 65
Sample 1
AutoNDA by SimpleDocs
CONDITIONS OF LENDING - ALL LOANS AND LETTERS OF CREDIT. 6.1 Compliance
Sample 1

Related to CONDITIONS OF LENDING - ALL LOANS AND LETTERS OF CREDIT

  • Conditions to All Loans and Letters of Credit The obligations of the Lenders to make any Loan or issue any Letter of Credit is subject to the satisfaction of the following conditions precedent on the relevant borrowing or issue date, as applicable:

  • CONDITIONS TO LOANS AND LETTERS OF CREDIT The obligations of Lenders to make Loans and the issuance of Letters of Credit hereunder are subject to the satisfaction of the following conditions.

  • Purpose of Loans and Letters of Credit The Borrower will use the Letters of Credit and the proceeds of the Loans to (a) provide for working capital, capital expenditures and general corporate purposes of the Credit Parties and their Subsidiaries (including, without limitation, Permitted Acquisitions), (b) on the Closing Date to refinance the Existing Credit Agreement, and (c) pay fees and expenses relating to any of the foregoing.

  • Loans and Letters of Credit On the Closing Date:

  • Conditions Precedent to All Loans and Letters of Credit In addition to satisfaction or waiver of the conditions precedent contained in Section 6.1., the obligations of (i) the Lenders to make any Loans and (ii) the Issuing Banks to issue, extend or increase any Letters of Credit are each subject to the further conditions precedent that: (a) no Default or Event of Default shall exist as of the date of the making of such Loan or date of issuance, extension or increase of such Letter of Credit or would exist immediately after giving effect thereto, and no violation of the limits described in Section 2.16. would occur after giving effect thereto; (b) the representations and warranties made or deemed made by the Borrower and each other Loan Party in the Loan Documents to which any of them is a party, shall be true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of the date of the making of such Loan or date of issuance, extension or increase of such Letter of Credit with the same force and effect as if made on and as of such date except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of such earlier date) and (c) in the case of the borrowing of Revolving Loans, the Administrative Agent shall have received a timely Notice of Borrowing, in the case of a Swingline Loan, the Swingline Lender shall have received a timely Notice of Swingline Borrowing, and in the case of the issuance, extension or increase of a Letter of Credit the applicable Issuing Bank and the Administrative Agent shall have received a timely request for the issuance, extension or increase of such Letter of Credit. Each Credit Event shall constitute a certification by the Borrower to the effect set forth in the preceding sentence (both as of the date of the giving of notice relating to such Credit Event and, unless the Borrower otherwise notifies the Administrative Agent prior to the date of such Credit Event, as of the date of the occurrence of such Credit Event). In addition, the Borrower shall be deemed to have represented to the Administrative Agent and the Lenders at the time any Loan is made or any Letter of Credit is issued, extended or increased that all conditions to the making of such Loan or issuing, extending or increasing of such Letter of Credit contained in this Article VI. have been satisfied. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Administrative Agent for the benefit of the Administrative Agent and the Lenders that the conditions precedent for initial Loans set forth in Sections 6.1. and 6.2. that have not previously been waived by the Lenders in accordance with the terms of this Agreement have been satisfied.

  • CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT The obligation of each Lender to make Loans and of the Issuing Lender to issue Letters of Credit hereunder is subject to the performance by each of the Loan Parties of its Obligations to be performed hereunder at or prior to the making of any such Loans or issuance of such Letters of Credit and to the satisfaction of the following further conditions:

  • Use of Loans and Letters of Credit The proceeds of the Loans and the Letters of Credit shall be used for working capital, for lease acquisitions, for exploration and production operations, for development (including the drilling and completion of producing xxxxx), for the payment of fees and expenses incurred in connection with this Agreement and for any other general business purposes. The Credit Parties are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board.

  • First Loans and Letters of Credit On the Closing Date:

  • Conditions Precedent to Loans and Letters of Credit 57 Section 3.1. Conditions to Effectiveness 57 Section 3.2. Conditions to Each Credit Event 60 Section 3.3. Delivery of Documents 60

  • The Advances and Letters of Credit (a) Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make Advances to the Borrower from time to time on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount (based in respect of any Advances to be denominated in a Committed Currency by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Borrowing) not to exceed such Lender’s Unused Commitment at such time. Each Borrowing shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist of Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their respective Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(a).

Time is Money Join Law Insider Premium to draft better contracts faster.