Common use of Obligation to Issue Clause in Contracts

Obligation to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower herein set forth, the Issuing Bank hereby agrees to issue for the account of Borrower, one or more Facility Letters of Credit in accordance with this ARTICLE III, from time to time during the period ending on the Business Day prior to the Facility Termination Date.

Appears in 3 contracts

Samples: Assignment Agreement (Centerpoint Properties Trust), Assignment Agreement (Centerpoint Properties Corp), Assignment Agreement (Centerpoint Properties Trust)

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Obligation to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower herein set forth, the Issuing Bank hereby agrees to issue for the account of Borrower, one or more Facility Letters of Credit in accordance with this ARTICLE Article III, from time to time during the period ending on the Business Day prior to the Facility Termination Date.

Appears in 2 contracts

Samples: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust), Revolving Credit Agreement (Centerpoint Properties Trust)

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

Appears in 2 contracts

Samples: Credit Agreement (Landcare Usa Inc), Credit Agreement (Transportation Components Inc)

Obligation to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower herein set forth, the Issuing Bank hereby agrees to issue for the account of Borrower, Borrower one or more Facility Letters of Credit in accordance with this ARTICLE III, from time to time during the period commencing on the Agreement Execution Date and ending on the a date one Business Day prior to the Facility Termination Maturity Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (LNR Property Corp)

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Obligation to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Borrower herein set forth, the Issuing Bank hereby agrees to issue for the account of Borrower, one or more Facility Letters of Credit in accordance with this ARTICLE III, from time to time during the period commencing on the Agreement Execution Date and ending on the a date one (1) Business Day prior to the Facility Termination scheduled Maturity Date.

Appears in 1 contract

Samples: Assignment Agreement (Great Lakes Reit)

Obligation to Issue. Subject to the terms and conditions of this Agreement and in reliance upon the representations representations, warranties and warranties covenants of the Borrower herein set forth, the each Issuing Bank hereby agrees to issue for the account of BorrowerBorrower through such Issuing Bank's branches as it and Borrower may jointly agree, one or more Facility Letters of Credit in accordance with this ARTICLE III3, from time to time during the period period, commencing on the Closing Date and ending on the Business Day prior to the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Transportation Components Inc)

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