Common use of New Letters of Credit Clause in Contracts

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 47 contracts

Samples: Credit and Guaranty Agreement (Cheniere Energy Partners, L.P.), Credit and Guaranty Agreement (Cheniere Energy, Inc.), Senior Secured Revolving Credit Agreement (Viper Energy Partners LP)

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New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 43 contracts

Samples: Credit Agreement (NNN Reit, Inc.), Credit Agreement (Vitesse Energy, Inc.), Credit Agreement (Vitesse Energy, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank Banks shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 33 contracts

Samples: Credit Agreement (Cerence Inc.), Restatement Agreement (EDGEWELL PERSONAL CARE Co), Credit Agreement (Dave & Buster's Entertainment, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 32 contracts

Samples: Credit Agreement (B&G Foods, Inc.), Credit Agreement (B&G Foods, Inc.), Credit and Security Agreement (AvidXchange Holdings, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 30 contracts

Samples: Credit Agreement (Beazer Homes Usa Inc), Credit Agreement (Andersons, Inc.), Credit Agreement (Beazer Homes Usa Inc)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 14 contracts

Samples: Credit Agreement (Ultra Petroleum Corp), Credit Agreement (Ultra Petroleum Corp), Credit Agreement (Ultra Petroleum Corp)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank the Letter of Credit Issuer shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 12 contracts

Samples: Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (Oaktree Gardens OLP, LLC), Credit Agreement (AGTB Private BDC)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, increase, reinstate or renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 11 contracts

Samples: Credit Agreement (Atlas Corp.), Credit Agreement (Atlas Corp.), Credit Agreement (TPG Partners, LLC)

New Letters of Credit. So long as any Revolving Credit Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 9 contracts

Samples: Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp), Fourth Amendment (Science Applications International Corp)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no the Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 9 contracts

Samples: Credit Agreement (United Homes Group, Inc.), Credit Agreement (United Homes Group, Inc.), Credit Agreement (LGI Homes, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting L/C Exposure after giving effect thereto.

Appears in 9 contracts

Samples: Revolving Credit Agreement (Carlyle Group Inc.), Credit Agreement (KKR & Co. Inc.), Guarantee and Security Agreement (KKR & Co. Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Letter of Credit Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 8 contracts

Samples: Credit Agreement (Altus Power, Inc.), Credit Agreement (WideOpenWest, Inc.), Credit Agreement (WideOpenWest Finance, LLC)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 7 contracts

Samples: Credit Agreement (Permian Resources Corp), Credit Agreement (UDR, Inc.), Credit Agreement (Sundance Energy Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting LC Exposure after giving effect thereto.

Appears in 7 contracts

Samples: Credit Agreement (Ring Energy, Inc.), Revolving Credit and Term Loan Agreement (Amneal Pharmaceuticals, Inc.), Credit and Guaranty Agreement (TiVo Corp)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank Banks shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure with respect to such Defaulting Lender after giving effect thereto.

Appears in 7 contracts

Samples: Abl Credit Agreement (Claire's Holdings LLC), Abl Credit Agreement (Claire's Holdings LLC), Possession Credit Agreement (Claires Stores Inc)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, increase, reinstate or renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 6 contracts

Samples: Credit Agreement (GXO Logistics, Inc.), Credit Agreement (GXO Logistics, Inc.), Credit Agreement (Dick's Sporting Goods, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Letter of Credit Exposure after giving effect thereto.

Appears in 5 contracts

Samples: Credit Agreement (Horton D R Inc /De/), Credit Agreement (Horton D R Inc /De/), Credit Agreement (Horton D R Inc /De/)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 5 contracts

Samples: Credit Agreement (Mednax, Inc.), Credit Agreement (Mednax, Inc.), Credit Agreement (Mednax, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Letter of Credit Issuer shall be required to issue, extend, increase, reinstate or renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Lafayette Square USA, Inc.), Revolving Credit Agreement (Lafayette Square USA, Inc.), Revolving Credit Agreement (Nuveen Churchill Direct Lending Corp.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank shall not be required to issue, amend, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 5 contracts

Samples: Revolving Credit Agreement (BrightSphere Investment Group Inc.), Revolving Credit Agreement (BrightSphere Investment Group Inc.), Revolving Credit Agreement (BrightSphere Investment Group Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure in respect of Letters of Credit after giving effect thereto.

Appears in 5 contracts

Samples: Credit Agreement (Enfusion, Inc.), Credit Agreement (Gerson Lehrman Group, Inc.), Credit Agreement (Enfusion, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew extend or increase any Letter of Credit unless it is satisfied that it will have no Fronting Letter of Credit Exposure after giving effect thereto.

Appears in 4 contracts

Samples: Credit Agreement (Horton D R Inc /De/), Credit Agreement (Forestar Group Inc.), Credit Agreement (Horton D R Inc /De/)

New Letters of Credit. So long as any Revolving Credit Lender is a Defaulting Lender, no the Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Grizzly Energy, LLC), Credit Agreement (Chaparral Energy, Inc.), Credit Agreement (Vanguard Natural Resources, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure unreallocated portion after giving effect thereto.

Appears in 3 contracts

Samples: Credit Agreement and Syndicated Facility Agreement (Owens-Illinois Group Inc), Assignment and Assumption Agreement (Owens-Illinois Group Inc), Intercreditor Agreement (Owens-Illinois Group Inc)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Lender the Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 3 contracts

Samples: Credit Agreement (CorEnergy Infrastructure Trust, Inc.), Credit Agreement (CorEnergy Infrastructure Trust, Inc.), Credit Agreement (CorEnergy Infrastructure Trust, Inc.)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew extend or increase amend any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Allegro Microsystems, Inc.), Credit Agreement (Ironwood Pharmaceuticals Inc), Credit Agreement (Allegro Microsystems, Inc.)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Defaulting Lender Fronting Exposure after giving effect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Virtus Investment Partners, Inc.), Credit Agreement (Virtus Investment Partners, Inc.), Credit Agreement (Virtus Investment Partners, Inc.)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no the Issuing Bank Banks shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 3 contracts

Samples: First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), Intercreditor Agreement (Pennsylvania Real Estate Investment Trust)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Diamond Offshore Drilling, Inc.), Credit Agreement (Diamond Offshore Drilling Inc), Year Revolving Credit Agreement (Diamond Offshore Drilling Inc)

New Letters of Credit. So long as any Revolving Credit Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 3 contracts

Samples: Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no each Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. Section 3.10.

Appears in 2 contracts

Samples: Credit Agreement (Equity Lifestyle Properties Inc), Credit Agreement (Equity Lifestyle Properties Inc)

New Letters of Credit. So long as any Lender is a Defaulting Lender, Lender no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Becton Dickinson & Co), Credit Agreement (Becton Dickinson & Co)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting LC Exposure after giving effect thereto. Section 2.27.

Appears in 2 contracts

Samples: Revolving Credit and Term (Amneal Pharmaceuticals, Inc.), Credit and Term Loan Agreement (Amneal Pharmaceuticals, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Earthstone Energy Inc), Credit Agreement (Earthstone Energy Inc)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew renew, increase or increase reinstate any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Comstock Resources Inc), Credit Agreement (Comstock Oil & Gas Investments, LLC)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure immediately after giving effect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Verint Systems Inc), Credit Agreement (Verint Systems Inc)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Fronting Bank shall be required to issue, extend, increase, reinstate or renew or increase any Fronted Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Revolving Credit Agreement, Revolving Credit Agreement (Enstar Group LTD)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Letter of Credit Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Mirion Technologies, Inc.), Credit Agreement (Mirion Technologies, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank shall not be required to issue, extend, increase, reinstate or renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Landsea Homes Corp), Credit Agreement (Landsea Homes Corp)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Chrysler Group LLC), Credit Agreement (Chrysler Group LLC)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, renew extend or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 2 contracts

Samples: Credit Agreement (Macerich Co), Credit Agreement (Macerich Co)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.. (vii)

Appears in 1 contract

Samples: Credit Agreement (Centennial Resource Development, Inc.)

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New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will shall have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (DigitalOcean Holdings, Inc.)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no the applicable Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (Hudson Pacific Properties, L.P.)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Defaulting Lender Fronting Exposure after giving effect thereto.. Section 2.25

Appears in 1 contract

Samples: Credit Agreement (Virtus Investment Partners, Inc.)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (NCS Multistage Holdings, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank Banks shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure with respect to such Defaulting Lender after giving effect thereto.. Table of Contents

Appears in 1 contract

Samples: Credit Agreement (Claires Stores Inc)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Letter of Credit Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Letter of Credit Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (Green Plains Renewable Energy, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it such Issuing Bank is satisfied that it will have no Fronting Exposure after giving effect thereto.. Evidence of Debt

Appears in 1 contract

Samples: Credit Agreement (Lumos Networks Corp.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no the related Fronting Exposure after giving effect theretoand any other Fronting Exposure of such Issuing Lender with respect to such Defaulting Lender will be fully covered by the Commitments of Non-Defaulting Lenders which are Multicurrency Lenders or by Cash Collateral provided in accordance with the terms hereof.

Appears in 1 contract

Samples: Credit Agreement (NYSE Euronext)

New Letters of Credit. So Without limiting any other rights of the Issuing Bank not to extend such credit hereunder, so long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (New Enterprise Stone & Lime Co., Inc.)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.. (h)

Appears in 1 contract

Samples: Credit Agreement (Park Hotels & Resorts Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.. Exhibit 10.1

Appears in 1 contract

Samples: Existing Credit Agreement (Harsco Corp)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no each Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (Service Properties Trust)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.. ​

Appears in 1 contract

Samples: Credit Agreement (Epsilon Energy Ltd.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, increase, reinstate or renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.. Section 2.22

Appears in 1 contract

Samples: Credit Agreement (RXO, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure in respect of Letters of Credit after giving effect thereto.

Appears in 1 contract

Samples: Loan and Security Agreement (UiPath, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure (after giving effect to any reallocations in accordance with subsection (f) of this Section 3.9 and Cash Collateral provided by the Borrower and any Defaulting Lenders at such time) after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Lodging Trust)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure in respect of Letters of Credit after giving effect thereto.. ​

Appears in 1 contract

Samples: Credit Agreement (Enfusion, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (Auxilio Inc)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it is reasonably satisfied that it will have no Fronting Exposure after giving effect thereto.

Appears in 1 contract

Samples: Credit Agreement (Roundy's, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank the Letter of Credit Issuers shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure with respect to such Defaulting Lender after giving effect thereto.

Appears in 1 contract

Samples: Abl Credit Agreement (Claire's Holdings LLC)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no the Issuing Bank shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.. - 50 -

Appears in 1 contract

Samples: Credit Agreement (LGI Homes, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure in respect of Letters of Credit after giving effect thereto.. ​ ​ ​

Appears in 1 contract

Samples: Credit Agreement (Enfusion, Inc.)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Revolving Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect theretotherto.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Cheniere Energy Partners, L.P.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.renew

Appears in 1 contract

Samples: Credit Agreement (Diamondback Energy, Inc.)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no the Issuing Bank Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. ARTICLE VI.

Appears in 1 contract

Samples: Credit Agreement (Cirrus Logic Inc)

New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect theretothereto (taking into account Section 5.14(a)(iv)).

Appears in 1 contract

Samples: Credit Agreement (Wingstop Inc.)

New Letters of Credit. So long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure, or all Fronting Exposure has been Cash Collateralized by the Borrower, after giving effect thereto.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Spirit Realty, L.P.)

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