Common use of Obligation to Issue Letters of Credit Clause in Contracts

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, Lender hereby agrees to issue for the account of the Borrower through such Lender’s branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (Quixote Corp), Credit Agreement (Quixote Corp)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, Lender each Issuing Bank hereby agrees to issue for the account of the Borrower through such Lender’s Issuing Bank's branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Termination Date.

Appears in 2 contracts

Sources: Credit Agreement (Thomas Industries Inc), Credit Agreement (Schawk Inc)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, Lender the Issuing Bank hereby agrees to issue for the account of the Borrower through such Lender’s Issuing Bank's branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day that is five (5) Business Days prior to the Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Steiner Leisure LTD)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, Lender each Issuing Bank hereby agrees to issue for the account of the Borrower through such LenderIssuing Bank’s branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Currency in accordance with this Article III, from time to time during the period, period commencing on the Closing Date and ending on the Business Day prior to the Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Woodward Governor Co)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower herein set forth, Lender each Issuing Bank hereby agrees to issue for the account of the Borrower through such LenderIssuing Bank’s branches as it and the Borrower may jointly agree, one or more Letters of Credit denominated in Dollars in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Quixote Corp)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Company herein set forth, Lender each Issuing Bank hereby agrees to issue for the account of the Company or any Subsidiary Borrower through such Lender’s Issuing Bank's branches as it and the Borrower Company may jointly agree, one or more Letters of Credit denominated in Dollars or an Agreed Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Termination Date.

Appears in 1 contract

Sources: 5 Year Revolving Credit Agreement (American National Can Group Inc)

Obligation to Issue Letters of Credit. Subject to the terms and conditions of this Agreement and in reliance upon the representations, warranties and covenants of the Borrower Borrowers herein set forth, Lender each Issuing Bank hereby agrees to issue for the account of the Company or any Subsidiary Borrower through such Lender’s Issuing Bank's branches as it and the Borrower Company may jointly agree, one or more Letters of Credit denominated in Dollars an Agreed Currency in accordance with this Article III, from time to time during the period, commencing on the Closing Date and ending on the Business Day prior to the Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Chicago Bridge & Iron Co N V)