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Common use of Conditions Precedent to the Issuance of Letters of Credit Clause in Contracts

Conditions Precedent to the Issuance of Letters of Credit. The making of each L/C Credit Extension (each such date on which such Loans are made, an “L/C Credit Extension Date”) is subject to the satisfaction of the following conditions:

Appears in 3 contracts

Sources: Credit Agreement (MN8 Energy, Inc.), Credit Agreement (MN8 Energy, Inc.), Credit Agreement (New PubCo Renewable Power Inc.)

Related Clauses

  • Conditions Precedent to Loans and Letters of Credit
  • Conditions Precedent to the Initial Extension of Credit
  • Conditions Precedent to All Loans and Letters of Credit
  • Conditions Precedent to Each Loan and Letter of Credit
  • Conditions Precedent to Initial Credit Extension

Parent Clauses

  • Letters of Credit
  • Conditions Precedent
  • AMOUNT AND TERMS OF THE CREDIT
  • AMOUNT AND TERMS OF CREDIT
  • Definitions

Sub-Clauses

  • No Material Adverse Effect
  • REPRESENTATIONS AND WARRANTIES
  • Notice of LC Activity
  • No Default
  • No Event of Default or Inchoate Default
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