Additional Conditions Precedent to Initial Borrowing Sample Clauses

Additional Conditions Precedent to Initial Borrowing. The Initial Borrowing made by the Lenders to the Borrower shall be subject to the further conditions precedent that on or before the date of such Borrowing (a) the Program Agent shall have received a report of a firm of nationally recognized independent certified public accountants on the application of the agreed upon procedures which report shall be in form and substance satisfactory to the Program Agent, in its sole discretion, (b) the Program Agent shall have received a written confirmation from DBRS that the Notes have a rating of AA, (c) the Program Agent shall have received the Fees, if any, that are required to be paid pursuant to the Fee Letter on or prior to the date of the Initial Borrowing, and (d) the Program Agent shall have received each of the documents, instruments, legal opinions and other agreements listed on Exhibit G under the heading “INDENTURE CONSENTS”.
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Additional Conditions Precedent to Initial Borrowing. The Initial Borrowing made by the Lenders to the Borrower shall be subject to the further conditions precedent that on or before the date of such Borrowing (a) the Program Agent shall have received a report of a firm of nationally recognized independent certified public accountants on the application of the agreed upon procedures which report shall be in form and substance satisfactory to the Program Agent, in its sole discretion and (b) the Program Agent shall have received the Fees, if any, that are required to be paid pursuant to the Fee Letter on or prior to the date of the Initial Borrowing.
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Additional Conditions Precedent to Initial Borrowing. In addition to the conditions stated in SECTION 7.1, SECTION 7.2, SECTION 7.3, and SECTION 7.5, Lenders shall not be obligated to fund the Initial Borrowing unless on the date of such Initial Borrowing, Administrative Agent has received all of the agreements, documents, instruments, and other items described on SCHEDULE 7.1A.
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Related to Additional Conditions Precedent to Initial Borrowing

  • Conditions Precedent to Initial Borrowing The initial Borrowing under this Agreement is subject to the satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent.

  • Conditions Precedent to Borrowing The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, prior to the date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of Advances requested.

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • Conditions Precedent to Initial Loan The obligation of Lender to make the initial Loan is subject to the condition precedent that Lender shall have received, in form and substance satisfactory to Lender, all of the following:

  • Conditions Precedent to Initial Loans In addition to the conditions set forth in Section 6.2, Lenders shall not be required to fund any requested Loan, issue any Letter of Credit, or otherwise extend credit to Borrowers hereunder, until the date (“Closing Date”) that each of the following conditions has been satisfied:

  • Conditions Precedent to Initial Advance The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

  • Conditions Precedent to Initial Extension of Credit The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

  • Conditions Precedent to Initial Advances The obligation of each Bank to make its initial Advance on or after the Closing Date is subject to the conditions precedent that (i) all principal, accrued interest, fees, expenses, costs and other amounts outstanding under the terms of each of the Prior Agreements, accrued to the Closing Date, shall have been paid, and the commitments of the lenders thereunder to extend credit shall have terminated, (ii) the Agent shall have received, for the benefit of the Banks, the one time upfront fees due and payable on the Closing Date pursuant to the Joint Fee Letter and (iii) the Agent shall have received on or before the day of the initial Borrowing the following, each dated the Closing Date, in form and substance satisfactory to the Agent and in sufficient copies for each Bank:

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make its initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Agent and each Lender of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

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