Conditions of Initial Advance. The obligation of the Lenders to make the initial Advance under the Revolving Credit Facility, and of the Issuing Bank to issue any Letter of Credit, and of Bank of America to make any Swing Line Loan, is subject to the conditions precedent that: (a) the Agent shall have received on the Closing Date, in form and substance satisfactory to the Agent and Lenders, the following:
Appears in 4 contracts
Samples: Annual Report, Credit Agreement (Wackenhut Corp), Credit Agreement (Covenant Transport Inc)
Conditions of Initial Advance. The obligation of the Lenders to make the initial Advance under the Revolving Credit Facility, and of the Issuing Bank to issue any Letter of Credit, and of Bank of America NationsBank to make any Swing Line Loan, is subject to the conditions precedent that:
(a) the Agent shall have received on the Closing Date, in form and substance satisfactory to the Agent and Lenders, the following:
Appears in 2 contracts
Samples: Credit Agreement (Wackenhut Corrections Corp), Credit Agreement (Correctional Properties Trust)
