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 Company herein set forth, the Issuing Bank hereby agrees to issue for the account of the Company through the Issuing Bank’s branches as it and the Company may jointly agree, one or more Letters of Credit denominated in Dollars or euro in accordance with this Article III from time to time during the period commencing on the Closing Date and ending on the Business Day prior to the Termination Date (but subject to Section 3.3(B) below).

Appears in 2 contracts

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

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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 Company herein set forth, the Issuing Bank hereby agrees to issue for the account of the Company through the Issuing Bank’s 's branches as it and the Company may jointly agree, one or more Letters of Credit denominated in Dollars or euro in accordance with this Article III from time to time during the period commencing on the Closing Date and ending on the Business Day prior to the Termination Date (but subject to Section 3.3(B) below).

Appears in 2 contracts

Samples: Credit Agreement (Steelcase Inc), Credit Agreement (Steelcase 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 Company herein set forth, the each Issuing Bank hereby agrees to issue for the account of the Company or any Subsidiary through the such Issuing Bank’s 's branches as it and the Company may jointly agree, one or more Letters of Credit denominated in Dollars or euro in accordance with this Article III III, from time to time during the period period, commencing on the Closing Date and ending on the Business Day prior to the Termination Date (but subject to Section 3.3(B) below)Date.

Appears in 1 contract

Samples: 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 Company Borrowers herein set forth, the Issuing Bank hereby agrees to issue for the account of the Company Borrowers through the Issuing Bank’s branches as it and the Company Borrowers may jointly agree, one or more Letters of Credit denominated in Dollars or euro any Agreed Currency in accordance with this Article III from time to time during the period commencing on the Closing Date and ending on the Business Day prior to the Termination Date (but subject to Section 3.3(B) 3.3 below).

Appears in 1 contract

Samples: Credit Agreement (Arvinmeritor Inc)

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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 Company herein set forth, the each Issuing Bank hereby agrees to issue for the account of the Company or any Subsidiary through the such Issuing Bank’s 's branches as it and the Company may jointly agree, one or more Letters of Credit denominated in Dollars or euro in accordance with this Article III III, from time to time during the period commencing on the Closing Date and ending on the Business Day prior to the Termination Date (but subject to Section 3.3(B) below)Date.

Appears in 1 contract

Samples: 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 Company herein set forth, the Issuing Bank hereby agrees to issue for the account of the Company through the Issuing Bank’s branches as it and the Company may jointly agree, one or more Letters of Credit denominated in Dollars or euro Agreed Currencies in accordance with this Article III from time to time during the period commencing on the Closing Date and ending on the Business Day prior to the Termination Date (but subject to Section 3.3(B) below).

Appears in 1 contract

Samples: Credit Agreement (Steelcase Inc)

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