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Common use of CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT Clause in Contracts

CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT. The obligation of the Bank to make any Loan or issue any Letter of Credit is subject to the satisfaction of the following conditions:

Appears in 5 contracts

Sources: Loan Agreement (Mastech Holdings, Inc.), Loan Agreement (Mastech Holdings, Inc.), Loan Agreement (Igate Corp)

Related Clauses

  • Issuance of Letters of Credit
  • Issuance of Letters of Credit and Purchase of Participations Therein
  • Terms of Letters of Credit
  • Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit
  • Procedures for Issuance and Amendment of Letters of Credit; Auto-Renewal Letters of Credit

Parent Clauses

  • Miscellaneous
  • Organization and Qualification; Power and Authority; Compliance With Laws
  • Successors and Assigns
  • Organization and Qualification
  • General Provisions

Sub-Clauses

  • Payment of Fees
  • First Loans and Letters of Credit
  • Deliveries
  • Each Loan or Letter of Credit
  • Legal Details
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