CONDITION PRECEDENT TO INITIAL ADVANCES Sample Clauses

CONDITION PRECEDENT TO INITIAL ADVANCES. The obligation of each Bank to make its initial Advance is subject to the condition precedent that the Administrative Agent shall have received, on or before the date hereof, the following, each dated such date (except as otherwise provided herein), in form and substance satisfactory to the Administrative Agent and in sufficient copies for each Bank:
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
CONDITION PRECEDENT TO INITIAL ADVANCES. The obligation of each Lender to make its initial Advance is subject to the condition precedent that the Agent shall have received on or before the day of the initial Borrowing the following, each dated such day, in form and substance reasonably satisfactory to the Agent and in sufficient copies (other than the Notes, which shall be executed in original only) for each Lender:
Sample 1
CONDITION PRECEDENT TO INITIAL ADVANCES. The effectiveness of the Commitment of each Lender is subject to the condition precedent that the Agent shall have received the following, in form and substance satisfactory to the Agent and (except for the Notes) in sufficient copies for each Lender:
Sample 1
CONDITION PRECEDENT TO INITIAL ADVANCES. THE OBLIGATION OF THE BANK TO MAKE THE INITIAL ADVANCES IS SUBJECT TO THE CONDITION PRECEDENT THAT THE BANK SHALL HAVE RECEIVED ON OR BEFORE THE DAY OF MAKING SUCH ADVANCES THE FOLLOWING, EACH INFORM AND SUBSTANCE SATISFACTORY TO THE BANK IN ITS SOLE DISCRETION:
Sample 1
CONDITION PRECEDENT TO INITIAL ADVANCES. 28 3.02. Conditions Precedent to Each A Borrowing.............................. 29 3.03. Condition Precedent to Certain A Borrowings........................... 30 3.04. Conditions Precedent to Each B Borrowing.............................. 30 Philip Morris $8 billion, 5 year Facility 107900.5/NYL3 (ii)
Sample 1
CONDITION PRECEDENT TO INITIAL ADVANCES. The obligation of each Lender to make an Advance on the occasion of the initial Borrowing by each Borrower is subject to the condition precedent that the Agent shall have received on or before the day Philip Morris $8 billion, 5 year Facility 107900.5/NYL3 of such initial Borrowing the following, each dated such day, in form and substance satisfactory to the Agent and in sufficient copies for each Lender:
Sample 1
CONDITION PRECEDENT TO INITIAL ADVANCES. The obligation of each Lender to make its initial Advance is subject to the conditions precedent that on or before the date of such Advance:
Sample 1
AutoNDA by SimpleDocs

Related to CONDITION PRECEDENT TO INITIAL ADVANCES

  • 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 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 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 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 to Initial Advance Lenders will have no obligation to fund the initial Revolving Loan Advance or any subsequent Revolving Loan Advance unless:

  • Conditions to Initial Advances The agreement of Lenders to make the initial Advances requested to be made on the Closing Date is subject to the satisfaction, or waiver by Agent, immediately prior to or concurrently with the making of such Advances, of the following conditions precedent:

  • Conditions Precedent to Initial Credit Extension Bank’s obligation to make the initial Credit Extension is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, such documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate, including, without limitation:

  • Conditions Precedent to the Initial Advance The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received and approved on or before the Closing Date (other than with respect to paragraph (10) below which shall be required prior to the Initial Advance) each of the following documents, and each of the following requirements shall have been fulfilled:

  • 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 All Advances The obligation of Bank to make each Advance, including the initial Advance, is further subject to the following conditions:

Time is Money Join Law Insider Premium to draft better contracts faster.