Each Loan and Letter of Credit Sample Clauses

Each Loan and Letter of Credit. In addition to the conditions precedent stated elsewhere herein, the Lender shall not be obligated to make any Loan or issue any Letter of Credit unless:
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Each Loan and Letter of Credit. The obligation of each Lender to make a Loan (other than a Loan made by a Lender pursuant to Section 2.14(e)), and the obligation of the L/C Issuer to issue a Letter of Credit (including the initial issuance thereof) or renew a Letter of Credit and the right of Borrower to request the issuance or renewal of a Letter of Credit, shall each be subject to the further conditions precedent that on the date of the making of each Loan, issuance or renewal:
Sample 1
Each Loan and Letter of Credit. Section 5.02 of the Loan Agreement is hereby amended by adding a new clause (e) thereto to read in its entirety as follows:
Sample 1
Each Loan and Letter of Credit. In addition to the conditions precedent stated elsewhere herein, the Lenders shall not be obligated to make any Loan and the Issuing Lender will not be obligated to issue any Letter of Credit unless: 1.2 (a) the Borrower shall have delivered to the Administrative Agent a Borrowing Request at least the requisite time prior to the requested date for the relevant Loan, or a Letter of Credit Application at least one Business Day prior to the requested issuance date for the relevant Letter of Credit; and each statement or certification made in such Borrowing Request or Letter of Credit Application, as the case may be, shall be true and correct in all material respects on the requested date for such Loan or the issuance of such Letter of Credit;
Sample 1
Each Loan and Letter of Credit. The obligation of the Bank to make any Loan or issue or renew any Letter of Credit (including the initial Loan and Letter of Credit) is subject to the satisfaction of the following conditions:
Sample 1
Each Loan and Letter of Credit. The obligation of the Bank to make any Loan or to issue any Letter of Credit is subject to the satisfaction of the following conditions precedent: (a) receipt by the Bank of (i) in the case of a Loan, a notice of borrowing in accordance with Section 2.06 and (ii) in the case of a Letter of Credit, a request for the issuance thereof in accordance with Section 2.16(b);
Sample 1

Related to Each Loan and Letter of Credit

  • Conditions Precedent to All Loans and Letter of Credit Accommodations Each of the following is an additional condition precedent to Lender making Loans and/or providing Letter of Credit Accommodations to Borrower, including the initial Loans and Letter of Credit Accommodations and any future Loans and Letter of Credit Accommodations:

  • Conditions Precedent to Each Loan and Letter of Credit The obligation of each Lender on any date (including the Closing Date) to make any Loan and of each Issuer on any date (including the Closing Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

  • Conditions Precedent to Initial Loans and Letter of Credit Accommodations Each of the following is a condition precedent to Lender making the initial Loans and providing the initial Letter of Credit Accommodations hereunder:

  • Loans and Letters of Credit On the Closing Date:

  • 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.

  • 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).

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

  • Conditions Precedent to Each Loan and Each Letter of Credit The obligation of the Lenders to make each Loan and of the Issuing Lenders to issue each Letter of Credit, including the initial Loans and the initial Letters of Credit, is subject to the satisfaction (or waiver in accordance with Section 10.08) of the following conditions precedent:

  • 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.

  • Conditions Precedent to All Advances and Letters of Credit The Lender’s obligation to make each Advance or to cause the issuance of a Letter of Credit shall be subject to the further conditions precedent that:

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