Conditions Precedent to the Issuance of Letters of Credit. The obligation of the LC Bank to issue a Letter of Credit after the Closing Date is subject to the satisfaction, or waiver in accordance with Section 12.5 (Amendments and Waivers), of the following conditions precedent on the relevant Credit Event Date:
Appears in 2 contracts
Sources: Credit Agreement (Calpine Corp), Credit Agreement (Delta Energy Center, LLC)