Conditions of Term Loan and Initial Advance Sample Clauses

Conditions of Term Loan and Initial Advance. The obligation of the Lenders to make the Term Loan and the initial Advance under the Revolving Credit Facility is subject to the conditions precedent that:
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Conditions of Term Loan and Initial Advance. The obligation of the Term Lenders to make the Term Loan, of the Asset Sale Term Lenders to make the Asset Sale Term Loan, of the Revolving Lenders to make the initial Advance under the Revolving Credit Facility, of the Issuing Bank to issue the initial Letters of Credit (including the continuation of Existing Letters of Credit as Letters of Credit), and of Bank of America to make the Swing Line Loan, is subject to the conditions precedent that:
Sample 1
Conditions of Term Loan and Initial Advance. The obligation of the Lenders to enter into this Agreement and to make the Term Loan and the initial Advance under the Revolving Credit Facility as amended by this Agreement, and of the Issuing Banks to issue any Letter of Credit, and of Bank of America to make any Swing Line Loan, is subject to the conditions precedent that:
Sample 1

Related to Conditions of Term Loan and Initial Advance

  • 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 Precedent to Initial Loans and Letter of Credit Accommodations Each of the following is a condition precedent to Lender making the initial Loans and providing the initial Letter of Credit Accommodations hereunder:

  • Conditions Precedent to All Advances and Letters of Credit The Lender’s obligation to make each Advance or to cause the issuance of a Letter of Credit shall be subject to the further conditions precedent that:

  • 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 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:

  • 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 Precedent to Each Loan and Each Letter of Credit The obligation of the Lenders to make each Loan and of the Issuing Lenders to issue each Letter of Credit, including the initial Loans and the initial Letters of Credit, is subject to the satisfaction (or waiver in accordance with Section 10.08) 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 Initial Borrowing The obligation of each Lender to make its initial Borrowing hereunder is subject to satisfaction of the following conditions precedent:

  • Conditions to Closing and Initial Extensions of Credit The obligation of the Lenders to close this Agreement and to make the initial Loan or issue or participate in the initial Letter of Credit, if any, is subject to the satisfaction of each of the following conditions:

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