Conditions Precedent to Issuance of Letters of Credit Sample Clauses

Conditions Precedent to Issuance of Letters of Credit. The obligation of the Issuing Bank to issue each Letter of Credit hereunder is subject to the fulfillment of each of the following conditions immediately prior to or contemporaneously with such issuance:
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Conditions Precedent to Issuance of Letters of Credit. The obligation of the Issuing Bank to issue any Letter of Credit requested by the Company is subject to satisfaction of the following conditions precedent:
Conditions Precedent to Issuance of Letters of Credit. The obligation of Bank to Issue Letters of Credit (including any Letters of Credit Issued on the Closing Date) is subject to the satisfaction of each of the following conditions:
Conditions Precedent to Issuance of Letters of Credit. The obligation of the Agent, as the issuer of the Letters of Credit, to issue, renew, or extend any Letter of Credit is subject to the satisfaction of the following additional conditions precedent:
Conditions Precedent to Issuance of Letters of Credit. The obligation of any Issuing Bank to issue, increase, or renew any Letter of Credit requested by Borrower is subject to satisfaction of the following conditions precedent:
Conditions Precedent to Issuance of Letters of Credit. The obligation of the Issuing Bank to issue any Letter of Credit shall be subject to the further conditions precedent that (a) the Issuing Bank shall have received, in form and substance satisfactory to it, an application and agreement for such Letter of Credit executed by the Company, on or before 1:00 p.m. (Dallas time) at least five Business Days prior to the date of issuance, setting forth (among other matters) the purpose of the Letter of Credit; (b) on the date of issuance the following statements shall be true (and the delivery of such application and agreement shall constitute a representation that on the date of issuance such statements are true):
Conditions Precedent to Issuance of Letters of Credit. The obligations of the Issuing Banks to issue any Letter of Credit hereunder, including the obligation to extend, renew or increase the amount of any of the Existing Letters of Credit, shall not become effective until the date on which the Co-Administrative Agents shall have received each of the following documents, each of which shall be satisfactory to the Co-Administrative Agents (and to the extent specified below, to each Lender (if any)) in form and substance (or such condition shall have been waived in accordance with Section 8.02):
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Conditions Precedent to Issuance of Letters of Credit. It shall be a condition precedent to the issuance by the Bank of any Letter of Credit that:
Conditions Precedent to Issuance of Letters of Credit. The obligation of the Issuing Bank to issue each Letter of Credit hereunder after the Closing Date is subject to the fulfillment or waiver of each of the following conditions immediately prior to or substantially contemporaneously with such issuance.
Conditions Precedent to Issuance of Letters of Credit. It shall be a condition precedent to the issuance by the Bank of each Letter of Credit that: (a) The Bank shall have received all of the following, each of which shall be in form and substance satisfactory to the Bank (it being understood that and agreed that the documentation previously provided to the Bank satisfies this requirement): (i) a certificate of an officer of the Company, dated as of the date hereof, certifying the name and true signatures of the officers of the Company authorized to sign this Agreement and any documents related hereto; (ii) evidence reasonably acceptable to the Bank that the Company’s execution, delivery and performance of this Agreement have been duly authorized by all necessary corporate action; and (iii) such other documents, instruments, approvals (and, if requested by the Bank, certified duplicates of executed copies thereof) as the Bank may reasonably request. (b) The representations and warranties contained in Section 5.1 hereof shall be true and correct on and as of the date of issuance of each Letter of Credit as though made on and as of such date in all material respects (or, with respect to any representation or warranty qualified by reference to materiality or Material Adverse Effect, in all respects). (c) To the extent invoiced one business day in advance, all fees due hereunder or in connection herewith, including, but not limited to, the Commission Fee described in Section 2.5 hereof, shall have been irrevocably paid in full. (d) The Company shall comply with the terms of Section 7.5 with respect to the Required Coverage Amount. ARTICLE 4 OBLIGATIONS ABSOLUTE Section 4.1.
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