Common use of Conditions of Initial Borrowing Clause in Contracts

Conditions of Initial Borrowing. The obligation of each Lender to make its Term Loan hereunder on the Closing Date is subject to the prior or substantially concurrent satisfaction or waiver pursuant to Section 11.01 of the following conditions:

Appears in 4 contracts

Samples: Credit Agreement (Container Store Group, Inc.), Credit Agreement (Container Store Group, Inc.), Credit Agreement (Container Store Group, Inc.)

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Conditions of Initial Borrowing. The obligation of each Lender to make its Term Loan Loans in connection with the initial Borrowing hereunder, and the obligations of the Issuing Lender to issue Letters of Credit hereunder on the Closing Date Date, is subject to the prior or substantially concurrent satisfaction or waiver pursuant to Section 11.01 of the following conditionsconditions precedent:

Appears in 3 contracts

Samples: Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Swisher Hygiene Inc.)

Conditions of Initial Borrowing. The obligation of each Lender of the Lenders to make its Term Loan hereunder on the Closing Date is subject to the prior or substantially concurrent satisfaction or waiver pursuant to Section 11.01 of the following conditionsconditions precedent:

Appears in 2 contracts

Samples: Assignment and Assumption (Teradata Corp /De/), Assignment and Assumption (Teradata Corp /De/)

Conditions of Initial Borrowing. The obligation of each Lender to ------------------------------- make its Term Loan Loans in connection with the initial Borrowing hereunder, and the obligation of the Issuing Lender to issue Letters of Credit hereunder on the Closing Date Date, is subject to the prior or substantially concurrent satisfaction or waiver pursuant to Section 11.01 of the following conditionsconditions precedent:

Appears in 2 contracts

Samples: Credit Agreement (Petersen Companies Inc), Credit Agreement (Ackerley Group Inc)

Conditions of Initial Borrowing. The obligation of each Lender to make its Term Loan ------------------------------- Loans in connection with the initial Borrowing hereunder on the Closing Date Date, is subject to the prior or substantially concurrent satisfaction or waiver pursuant to Section 11.01 of the following conditions:conditions precedent (provided that -------- in no event shall the Lenders be obligated to make any Loans hereunder if the initial Borrowing does not occur on or prior to June 30, 2000):

Appears in 2 contracts

Samples: Credit Agreement (Markel Corp), Credit Agreement (Markel Holdings Inc)

Conditions of Initial Borrowing. The obligation of each the Lender to make its Term a Loan hereunder on as of the Closing Date is subject to the prior or substantially concurrent satisfaction or waiver pursuant to Section 11.01 of the following conditionsconditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Selective Insurance Group Inc)

Conditions of Initial Borrowing. The obligation of each Lender to make its Term Loan Loans in connection with the initial Borrowing hereunder on the Closing Date is subject to the satisfaction on or prior or substantially concurrent satisfaction or waiver pursuant to Section 11.01 the Closing Date of the following conditionsconditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Orion Capital Corp)

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Conditions of Initial Borrowing. The obligation of each Lender to make its Term Loan initial Borrowing hereunder on the Closing Date is subject to the prior or substantially concurrent satisfaction or waiver pursuant to Section 11.01 of the following conditionsconditions precedent:

Appears in 1 contract

Samples: Loan Agreement (Monitronics International Inc)

Conditions of Initial Borrowing. The obligation of each any Lender to make its Term Loan Loans in connection with the initial Borrowing hereunder on the Closing Date is subject to the prior or substantially concurrent satisfaction or waiver pursuant to Section 11.01 of the following conditionsconditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Pxre Corp)

Conditions of Initial Borrowing. The obligation of each Lender to make its Term Loan Loans in connection with the initial Borrowing hereunder on the Closing Date Date, is subject to the prior or substantially concurrent satisfaction or waiver pursuant to Section 11.01 of the following conditions:conditions precedent (provided that in no event shall the Lenders be obligated to make any Loans hereunder if the initial Borrowing does not occur on or prior to June 30, 2000):

Appears in 1 contract

Samples: Credit Agreement (Markel Corp)

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