Conditions of Initial Loan. The effectiveness of this Agreement and the obligation of each Bank and Administrative Agent to amend and restate the Prior Credit Agreement, to make Loans hereunder and the obligation of the Issuing Bank to issue Letters of Credit hereunder, are subject to the condition that Administrative Agent shall have received all of the following, in form and substance satisfactory to Administrative Agent and each Bank, and in sufficient copies for each Bank:
Appears in 3 contracts
Samples: Credit Agreement (Stroud Energy Inc), Credit Agreement (Stroud Energy Inc), Credit Agreement (Stroud Energy Inc)
Conditions of Initial Loan. The effectiveness of this Agreement and the obligation of each Bank and Administrative Agent to amend and restate the Prior Credit Agreement, to make Loans its initial Loan hereunder and the obligation of the Issuing Bank to issue Letters its initial Letter of Credit hereunder, are subject to the condition that Administrative Agent shall have received all of the following, in form and substance satisfactory to Administrative Agent and each Bank, and in sufficient copies for each Bank:
Appears in 2 contracts
Samples: Credit Agreement (Cinco Resources, Inc.), Credit Agreement (Quest Resource Corp)
Conditions of Initial Loan. The effectiveness of this Agreement and the obligation of each Bank and Administrative Agent to amend and restate the Prior Credit Agreement, Lender to make Loans its initial Loan hereunder and the obligation of the Issuing Bank to issue Letters of Credit hereunder, are is subject to the condition that Administrative Agent shall have received all of the following, in form and substance satisfactory to Administrative Agent and each BankLender, and in sufficient copies for each BankLender:
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