Common use of Obligation to Issue Letters of Credit Clause in Contracts

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower through such Issuing Bank’s branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)

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Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower through such Issuing Bank’s branches as it and the Borrower may jointly agree, one or more standby Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Initial Funding Date and ending on the sixth fifth (6th5th) Business Day prior to the Commitment Revolving Loan Termination Date.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Energizer Holdings Inc), Revolving Credit Agreement (Energizer Holdings Inc), Revolving Credit Agreement (Energizer Holdings Inc)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Company herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower Company or any Subsidiary through such Issuing Bank’s branches as it and the Borrower Company may jointly agree, one or more Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, period commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Kaydon Corp), Credit Agreement (Kaydon Corp)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower through such Issuing Bank’s 's branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Thomas Industries Inc), Credit Agreement (Schawk Inc)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower through such Issuing Bank’s 's branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Alion Science & Technology Corp), Credit Agreement (Alion Science & Technology Corp)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower through such Issuing Bank’s 's branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Letter of Credit Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Schawk Inc), Credit Agreement (Schawk Inc)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each the Issuing Bank hereby agrees to issue for the account of the Borrower through such Issuing Bank’s 's branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the sixth Business Day that is five (6th5) Business Day Days prior to the Commitment Termination Date.. [RESERVED]

Appears in 2 contracts

Samples: Credit Agreement (Steiner Leisure LTD), Credit Agreement (Steiner Leisure LTD)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank Lender hereby agrees to issue for the account of the Borrower through such Issuing BankLender’s branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 2 contracts

Samples: Subsidiary Stock Pledge Agreement (Quixote Corp), Assignment and Assumption Agreement (Quixote Corp)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each the Issuing Bank hereby agrees to issue for the account of the Borrower through such the Issuing Bank’s 's branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Initial Funding Date and ending on the sixth (6th) fifth Business Day prior to the Commitment Revolving Loan Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Catalina Marketing Corp/De)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower through such Issuing Bank’s branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Currency in accordance with this Article III, from time to time during the period, period commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

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Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Borrowers herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower Borrowers through such Issuing Bank’s branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Currency in accordance with this Article III, from time to time during the period, period commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Woodward Governor Co)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower through such Issuing Bank’s branches as it and the Borrower may jointly agree, one or more standby Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Initial Funding Date and ending on the sixth (6th) fifth Business Day prior to the Commitment Revolving Loan Termination Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Energizer Holdings Inc)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Borrowers herein set forth, each Issuing Bank hereby agrees to issue for the account of the Company or any Subsidiary Borrower through such Issuing Bank’s 's branches as it and the Borrower Company may jointly agree, one or more Letters of Credit denominated in Dollars an Agreed Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Chicago Bridge & Iron Co N V)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Company herein set forth, each Issuing Bank hereby agrees to issue for the account of the Company or any Subsidiary Borrower through such Issuing Bank’s 's branches as it and the Borrower Company may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (American National Can Group Inc)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Borrowers herein set forth, each the Issuing Bank hereby agrees to issue for the account of the Borrower Borrowers through such the Issuing Bank’s branches as it and the Borrower Borrowers may jointly agree, one or more Letters of Credit denominated in Dollars any Agreed Currency in accordance with this Article III, III from time to time during the period, period commencing on the Closing Date and ending on the sixth date five (6th5) Business Day prior Days immediately preceding the Revolving Loan Termination Date (but subject to the Commitment Termination Date.Section 3.3 below). 47

Appears in 1 contract

Samples: Credit Agreement (Arvinmeritor Inc)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, each Issuing Bank hereby agrees to issue for the account of the Borrower through such Issuing Bank’s branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the sixth (6th) Business Day prior to the Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Quixote Corp)

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