Common use of Conditions for First Disbursement Clause in Contracts

Conditions for First Disbursement. The obligation of the Lenders to make the first Borrowing hereunder is subject to receipt by each Lender and the Agent of the following documents and completion of the following matters, in form and substance satisfactory to each Lender and the Agent:

Appears in 6 contracts

Samples: Credit Agreement (Prudenville Manufacturing Inc), Credit Agreement (Oxford Automotive Inc), Credit Agreement (BMG North America LTD)

AutoNDA by SimpleDocs

Conditions for First Disbursement. The obligation of the Lenders to make the first Borrowing Advance hereunder is subject to receipt by each Lender and the Agent of the following documents and completion of the following matters, in form and substance satisfactory to each Lender and the Agent:

Appears in 5 contracts

Samples: Credit Agreement (Aetna Industries Inc), Credit Agreement (MS Acquisition), Loan Agreement (Airnet Systems Inc)

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