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:
Appears in 2 contracts
Samples: Revolving Credit Agreement (Van Kampen American Capital Prime Rate Income Trust), Revolving Credit Agreement (Van Kampen American Capital Prime Rate Income Trust)
CONDITION PRECEDENT TO INITIAL LOAN. The obligation of the Bank to make the initial Loan hereunder to Borrower 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 Bank shall have delivered to received on or before the Bank all day of such Loan (except as otherwise noted below) each of the following, each duly executed in form and dated the date of the initial Loan or such earlier date as is substance satisfactory to the Bank and in form and substance reasonably satisfactory to the Bankits counsel:
Appears in 1 contract
Samples: Unsecured Line of Credit Agreement (Allied Capital Corp)
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 Article VIII above, that the Borrower Company 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:
Appears in 1 contract
Samples: Revolving Credit Agreement (Executone Information Systems Inc)
