Conditions to Issuance of Letters of Credit. The obligation of Lender to issue any Letter of Credit hereunder is subject to the prior or concurrent satisfaction of all of the following conditions:
Appears in 3 contracts
Samples: Loan and Security Agreement (Emtec Inc/Nj), Loan and Security Agreement (Teardrop Golf Co), Loan and Security Agreement (Congoleum Corp)
Conditions to Issuance of Letters of Credit. The obligation of Lender the Issuing Bank to issue any Letter of Credit hereunder is subject to the prior or concurrent satisfaction of all of the following conditions:
Appears in 2 contracts
Samples: Loan Agreement (NCC Industries Inc), Loan Agreement (Edo Corp)
Conditions to Issuance of Letters of Credit. The With respect to each Letter of Credit, the obligation of Lender the Issuing Bank to issue any such Letter of Credit hereunder is subject to the prior or concurrent satisfaction of all of the following conditions:
Appears in 1 contract
Samples: Credit Agreement (Interlogix Inc)
