CONDITION PRECEDENT TO INITIAL LOAN Sample Clauses

CONDITION PRECEDENT TO INITIAL LOAN. The obligation of the Bank to make the initial Loan to the Borrower and to issue the initial Letter of Credit, whichever is earlier, is subject to the condition precedent that the Bank shall have received on or before the day such Loan is made or such Letter of Credit is issued, each of the following, and each is in form and substance satisfactory to the Bank and its counsel:
Sample 1See All (4)
AutoNDA by SimpleDocs
CONDITION PRECEDENT TO INITIAL LOAN. The obligation of the Bank to make the initial Loan hereunder is subject to the satisfaction of the condition precedent, in addition to the applicable conditions precedent set forth in Section 8 above, that the Borrower shall have delivered to the Bank all of the following, each duly executed and dated the date of the initial Loan or such earlier date as is satisfactory to the Bank and in form and substance reasonably satisfactory to the Bank:
Sample 1Sample 2
CONDITION PRECEDENT TO INITIAL LOAN. The obligation of the Lender to make the initial Loan to the Borrower is subject to the condition precedent that the Lender shall have received on or before the day of the Loan each of the following, in form and substance satisfactory to the Lender and its counsel:
Sample 1Sample 2
CONDITION PRECEDENT TO INITIAL LOAN. The obligation of the Agent to make the initial Loan to the Borrower is subject to the condition precedent that the Agent shall have received on or before the day of the Loan each of the following, in form and substance satisfactory to the Agent and its counsel:
Sample 1
CONDITION PRECEDENT TO INITIAL LOAN. The agreement of the Bank to make the initial Loans (and all subsequent Loans) to the Borrower is subject to the condition precedent that the Bank shall have received on or before the day of such Loan each of the following in form and substance satisfactory to the Bank and its counsel:
Sample 1

Related to CONDITION PRECEDENT TO INITIAL LOAN

  • 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 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 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 to Initial Loan The obligation of each Bank to make its initial Loan hereunder is subject to the satisfaction of the following conditions precedent:

  • 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 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 Initial Loans and Letters of Credit The obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject to the satisfaction or due waiver in accordance with Section 11.1 (

  • Conditions Precedent to the Loan The obligation of Lender to make the Loan hereunder is subject to the fulfillment by Borrower or waiver by Lender of the following conditions precedent no later than the Closing Date:

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