Common use of Conditions of Initial Advance Clause in Contracts

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, 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 (Sykes Healthplan Services Inc), Credit Agreement (Cone Mills Corp)

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Conditions of Initial Advance. The obligation of the Lenders to make the initial Advance under the Revolving Credit Facility, and of the Issuing Bank pursuant to issue any Letter of Credit, this Agreement is subject to the conditions precedent that: (a) that the Agent shall have received on the Closing Date, in form and substance satisfactory to the Agent and the Lenders, the following:

Appears in 1 contract

Samples: Revolving Credit Agreement (Acsys 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, Facility 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 1 contract

Samples: Credit Agreement (Cultural Access Worldwide Inc)

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Conditions of Initial Advance. The obligation of the Lenders to ----------------------------- make the initial Advance under the Five Year Revolving Credit Facility and the 364 Day Revolving Credit Facility, and of the Issuing Bank to issue any Letter of Credit, 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 1 contract

Samples: Credit Agreement (Health Management Associates Inc)

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