THE LOANS AND THE LETTERS Sample Clauses

THE LOANS AND THE LETTERS. OF CREDIT 49 Section 2.1 Extension of Credit 49 Section 2.2 Manner of Borrowing and Disbursement of Loans 52 Section 2.3 Interest 56 Section 2.4 Fees 57 Section 2.5 Prepayment/Reduction of Commitment 59 Section 2.6 Repayment 60 Section 2.7 Notes; Loan Accounts 61 Section 2.8 Manner of Payment 61 Section 2.9 Reimbursement 62 Section 2.10 Pro Rata Treatment 62 Section 2.11 Application of Payments 63 Section 2.12 Use of Proceeds 65 Section 2.13 All Obligations to Constitute One Obligation 65 Section 2.14 Maximum Rate of Interest 65 Section 2.15 Letters of Credit 65 Section 2.16 Bank Products 71 Section 2.17 Additional Increase of Commitments; Additional Lenders 72 Section 2.18 Defaulting Lenders 74 ARTICLE 3 GUARANTY 77 Section 3.1 Guaranty 77 Section 3.2 Special Provisions Applicable to Subsidiary Guarantors 81 ARTICLE 4 CONDITIONS PRECEDENT 82 TABLE OF CONTENTS (continued) Page
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THE LOANS AND THE LETTERS. OF CREDIT 44
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THE LOANS AND THE LETTERS. OF CREDIT 3438 Section 2.1 Extension of Credit 3438 Section 2.2 Manner of Borrowing and Disbursement of Loans 3741 Section 2.3 Interest 4044 Section 2.4 Fees 4145 Section 2.5 Prepayment/Reduction of Commitment 4246
Sample 1

Related to THE LOANS AND THE LETTERS

  • The Advances and the Letters of Credit Section 2.01 The Advances; Extension of Initial Maturity Date. ------------------------------------------------

  • The Agent and the Lenders 11.01 Decision-Making

  • AMOUNTS AND TERMS OF THE ADVANCES AND THE LETTERS OF CREDIT SECTION 2.01. The Advances and the Letters of Credit. (a)

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

  • Conditions Precedent to Loans and Letters of Credit 57 Section 3.1. Conditions to Effectiveness 57 Section 3.2. Conditions to Each Credit Event 60 Section 3.3. Delivery of Documents 60

  • 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.

  • Loans and Letters of Credit On the Closing Date:

  • 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.

  • Purpose of Loans and Letters of Credit The Borrower will use the Letters of Credit and the proceeds of the Loans to (a) provide for working capital, capital expenditures and general corporate purposes of the Credit Parties and their Subsidiaries (including, without limitation, Permitted Acquisitions), (b) on the Closing Date to refinance the Existing Credit Agreement, and (c) pay fees and expenses relating to any of the foregoing.

  • Conditions Precedent to Initial Loans and Letters of Credit The obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject to the satisfaction or due waiver in accordance with Section 11.1 (

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