Conditions Precedent to the Issuance of Letters of Credit. The obligation of the LC Bank to issue, extend or increase the Stated Amount of any Letter of Credit (an "LC Action") is subject to the prior satisfaction of each of the following conditions:
Appears in 2 contracts
Sources: Credit Agreement (Calpine Corp), Credit Agreement (Calpine Corp)
Conditions Precedent to the Issuance of Letters of Credit. The obligation of the LC Bank to issue, extend or increase the Stated Amount of any Letter of Credit (an "LC Action") is subject to the prior satisfaction of each of the following conditions:
Appears in 1 contract
Sources: Credit Agreement (Calpine Corp)