Conditions of Initial Revolving Loans Sample Clauses

Conditions of Initial Revolving Loans. The obligation of each Lender to make its initial Revolving Loan on or before the Closing Date was subject to the condition that the Administrative Agent shall have received, on or before the Closing Date, all of the following, which condition the parties agree was previously satisfied:
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Conditions of Initial Revolving Loans. The obligation of each Lender to make its initial Revolving Loans hereunder is subject to satisfaction of the following conditions precedent:
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Conditions of Initial Revolving Loans. 30- SECTION 4.2 Conditions to All Borrowings and Letters of Credit................. -32- ARTICLE 5 REPRESENTATIONS AND WARRANTIES SECTION 5.1 Corporate Existence and Power ..................................... -33- SECTION 5.2 Corporate Authorization; No Contravention........................... -33- SECTION 5.3 Governmental Authorization.......................................... -33- SECTION 5.4 Binding Effect ..................................................... -33- SECTION 5.5 Litigation ......................................................... -34- SECTION 5.6 No Default ......................................................... -34- SECTION 5.7 ERISA Compliance ................................................... -34- SECTION 5.8 Use of Proceeds; Margin Regulations ................................ -34- SECTION 5.9 Title to Properties ................................................ -35- SECTION 5.10 Taxes .............................................................. -35- SECTION 5.11 Financial Condition ................................................ -35- SECTION 5.12 Environmental Matters .............................................. -35- SECTION 5.13 Regulated Entities ................................................. -36- SECTION 5.14 No Burdensome Restrictions.......................................... -36- SECTION 5.15 Solvency............................................................ -36- SECTION 5.16 Labor Relations..................................................... -36- SECTION 5.17 Copyrights, Patents, Trademarks and Licenses, etc................... -36- SECTION 5.18 Subsidiaries........................................................ -37- SECTION 5.19 Brokers' Fees; Transaction Fees..................................... -37- SECTION 5.20 Insurance........................................................... -37- SECTION S.21 Compliance with Law................................................. -37- ARTICLE 6
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Related to Conditions of Initial Revolving Loans

  • Conditions of Initial Loans The obligation of each Lender to make its initial Loans and of each L/C Issuer to Issue, or cause to be Issued, the initial Letters of Credit hereunder is subject to satisfaction of the following conditions in a manner satisfactory to Agent:

  • Conditions of Initial Borrowing The obligation of each Lender to make its initial Borrowing hereunder is subject to satisfaction of the following conditions precedent:

  • Conditions of Loans 6 3.1 Conditions Precedent to Initial Credit Extension.................... 6 3.2 Conditions Precedent to all Credit Extensions....................... 6

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • Determinations of Initial Borrowing Conditions For purposes of determining compliance with the conditions specified in Section 3.1, each Lender shall be deemed to be satisfied with each document and each other matter required to be satisfactory to such Lender unless, prior to the Closing Date, the Administrative Agent receives notice from such Lender specifying such Lender’s objections and such Lender has not made available its Pro Rata Share of any Borrowing scheduled to be made on the Closing Date.

  • Conditions of Initial Credit Extensions The obligation of each Bank to make its initial Credit Extension hereunder is subject to the condition that the Agent shall have received on or before the Closing Date all of the following, in form and substance satisfactory to the Agent and each Bank, and in sufficient copies for each Bank:

  • Conditions of Initial Credit Extension The obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

  • Conditions Precedent to Initial Loans and Letters of Credit The obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject to the satisfaction or due waiver in accordance with Section 11.1 (

  • CONDITIONS OF BORROWING Notwithstanding any other provision of this Agreement, the Bank shall not be required to disburse, make or continue all or any portion of the Loans, if any of the following conditions shall have occurred.

  • Conditions Precedent to Loans and Letters of Credit 57 Section 3.1. Conditions to Effectiveness 57 Section 3.2. Conditions to Each Credit Event 60 Section 3.3. Delivery of Documents 60

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