Common use of Additional Conditions Precedent to Initial Loan Clause in Contracts

Additional Conditions Precedent to Initial Loan. The Bank's obligation to make the initial Loan under this Agreement shall also be subject to the satisfaction, in the Bank's sole judgment, of each of the following conditions precedent: (a) Since the date of the financial statements submitted by the Borrower to the Bank immediately prior to the Closing Date, there shall not have occurred any act or event which could reasonably be expected to have a Material Adverse Effect; (b) No action, proceeding, investigation, regulation or legislation shall have been instituted, threatened or proposed before any court, governmental agency or legislative body to enjoin, restrain or prohibit, or to obtain damages in respect of, or which is related to or arises out of this Agreement or the other Credit Documents or the consummation of the transactions contemplated hereby or thereby or which, in the Bank's reasonable determination, would make it inadvisable to consummate the transactions contemplated by this Agreement or the other Credit Documents; and (c) The Borrower shall have paid all legal fees and other closing or like costs and expenses of the Bank which the Borrower is obligated to pay hereunder.

Additional Conditions Precedent to Initial Loan. The Bank's ’s obligation to make the initial Loan under this Agreement shall also be subject to the satisfaction, in the Bank's ’s sole judgment, of each of the following conditions precedent: (a) Since the date of the financial statements submitted by the Borrower to the Bank immediately prior to the Closing Date, there shall not have occurred any act or event which could reasonably be expected to have a Material Adverse Effect; (b) No action, proceeding, investigation, regulation or legislation shall have been instituted, threatened or proposed before any court, governmental agency or legislative body to enjoin, restrain or prohibit, or to obtain damages in respect of, or which is related to or arises out of this Agreement or the other Credit Documents or the consummation of the transactions contemplated hereby or thereby or which, in the Bank's ’s reasonable determination, would make it inadvisable to consummate the transactions contemplated by this Agreement or the other Credit Documents; and (c) The Borrower shall have paid all legal fees and other closing or like costs and expenses of the Bank which the Borrower is obligated to pay hereunder.

Additional Conditions Precedent to Initial Loan. The Bank's ’s obligation to make the initial Loan under this Agreement shall also be subject to the satisfaction, in the Bank's sole ’s reasonable judgment, of each of the following conditions precedent: (a) Since the date of the financial statements submitted by the Borrower Borrowers to the Bank immediately prior to the Closing Date, there shall not have occurred any act or event which could reasonably be expected to have a Material Adverse Effect; (b) No action, proceeding, investigation, regulation or legislation shall have been instituted, threatened or proposed before any court, governmental agency or legislative body to enjoin, restrain or prohibit, or to obtain damages in respect of, or which is related to or arises out of this Agreement or the other Credit Documents or the consummation of the transactions contemplated hereby or thereby or which, in the Bank's ’s reasonable determination, would make it inadvisable to consummate the transactions contemplated by this Agreement or the other Credit Documents; and (c) The Borrower Borrowers shall have paid all legal fees and other closing or like costs and expenses of the Bank which the Borrower is Borrowers are obligated to pay hereunder.

Additional Conditions Precedent to Initial Loan. The Bank's ’s obligation to make the initial Loan under this Agreement shall also be subject to the satisfaction, in the Bank's ’s sole judgment, of each of the following conditions precedent: (a) Since the date of the financial statements of Holdings and its consolidated subsidiaries submitted by the Borrower Holdings to the Bank immediately prior to the Closing Date, there shall not have occurred any act or event which reasonably could reasonably be expected to have a Material Adverse Effect; (b) No action, proceeding, investigation, regulation or legislation shall have been instituted, threatened or proposed before any court, governmental agency or legislative body to enjoin, restrain or prohibit, or to obtain damages in respect of, or which is related to or arises out of this Agreement or the other Credit Documents or the consummation of the transactions contemplated hereby or thereby or which, in the Bank's ’s reasonable determination, would make it inadvisable to consummate the transactions contemplated by this Agreement or the other Credit Documents; and (c) The Borrower Borrowers shall have paid all legal fees and other closing or like costs and expenses of the Bank which the Borrower is Borrowers are obligated to pay hereunder.

Additional Conditions Precedent to Initial Loan. The Bank's ’s obligation to make the initial Loan under this Agreement shall also be subject to the satisfaction, in the Bank's ’s sole judgment, of each of the following conditions precedent: (a) Since the date of the financial statements submitted by the Borrower to the Bank immediately prior to the Closing Date, there shall not have occurred any act or event which reasonably could reasonably be expected to have a Material Adverse Effect; (b) No action, proceeding, investigation, regulation or legislation shall have been instituted, threatened or proposed before any court, governmental agency or legislative body to enjoin, restrain or prohibit, or to obtain damages in respect of, or which is related to or arises out of this Agreement or the other Credit Documents or the consummation of the transactions contemplated hereby or thereby or which, in the Bank's ’s reasonable determination, would make it inadvisable to consummate the transactions contemplated by this Agreement or the other Credit Documents; and (c) The Borrower shall have paid all legal fees and other closing or like costs and expenses of the Bank which the Borrower is obligated to pay hereunder.