Common use of Conditions to Issuance of Letters of Credit Clause in Contracts

Conditions to Issuance of Letters of Credit. The obligation of the Bank to issue any Letter of Credit is subject to the following conditions precedent:

Appears in 2 contracts

Samples: Letter of Credit Reimbursement Agreement (CMS Energy Corp), Credit Reimbursement Agreement (CMS Energy Corp)

AutoNDA by SimpleDocs

Conditions to Issuance of Letters of Credit. The obligation issuance of the Bank to issue any Letter of Credit (other than the Existing Letters of Credit) hereunder (whether or not Issuing Lender is obligated to issue such Letter of Credit) is subject to the following conditions precedent:

Appears in 2 contracts

Samples: Credit Agreement (Afc Enterprises Inc), Credit Agreement (Afc Enterprises Inc)

Conditions to Issuance of Letters of Credit. The obligation of the Bank to issue any Letter of Credit hereunder is subject to the prior or concurrent satisfaction of all of the following conditions precedentconditions:

Appears in 1 contract

Samples: Loan and Security Agreement (Pamarco Technologies Inc)

AutoNDA by SimpleDocs

Conditions to Issuance of Letters of Credit. The obligation issuance of the Bank to issue any Letter of Credit hereunder (whether or not the applicable Issuing Lender is obligated to issue such Letter of Credit) is subject to the following conditions precedent:

Appears in 1 contract

Samples: Priority Secured Credit Agreement (Loews Cineplex Entertainment Corp)

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