Common use of Conditions on Initial Closing Date Clause in Contracts

Conditions on Initial Closing Date. The obligations of the Lenders to make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 7 contracts

Samples: Credit Agreement (Buckeye Cellulose Corp), Credit Agreement (American Tower Corp), Credit Agreement (Playcore Inc)

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Conditions on Initial Closing Date. The obligations of the Lenders to make any the initial extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Element K Corp), Credit Agreement (Nextera Enterprises Inc), Credit Agreement (American Biltrite Inc)

Conditions on Initial Closing Date. The obligations of the Lenders to make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 8.1, as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder8.2.

Appears in 3 contracts

Samples: Senior Unsecured Revolving Credit Agreement (Ch2m Hill Companies LTD), Senior Unsecured Revolving Credit Agreement (Ch2m Hill Companies LTD), Senior Unsecured Revolving Credit Agreement (Ch2m Hill Companies LTD)

Conditions on Initial Closing Date. The obligations of the Lenders to make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 and 5.2 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Ameripath Inc), Credit Agreement (Ameripath Inc)

Conditions on Initial Closing Date. The obligations of the Lenders to make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.25.3. If the conditions set forth in this Section 5.1 and 5.3 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Ameripath Inc), Credit Agreement (Ameripath Inc)

Conditions on Initial Closing Date. The obligations of the Lenders to ---------------------------------- make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 8.1, as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder8.2.

Appears in 1 contract

Samples: Senior Unsecured Revolving Credit Agreement (Ch2m Hill Companies LTD)

Conditions on Initial Closing Date. The obligations of the Lenders to make any extension of credit pursuant to Section 2 2.1 shall be subject to the satisfaction, on or before the Initial initial Closing Date, of the conditions set forth in this Section 5.1 5.1, as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.:

Appears in 1 contract

Samples: Credit Agreement (American Financial Group Inc)

Conditions on Initial Closing Date. The obligations of the Lenders to make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the following conditions set forth (in this Section 5.1 as well as addition to the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.):

Appears in 1 contract

Samples: Credit Agreement (Falcon Funding Corp)

Conditions on Initial Closing Date. The obligations of the Lenders ---------------------------------- to make any the initial extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (Westower Corp)

Conditions on Initial Closing Date. The obligations of the Lenders to make any the initial extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before -37- the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (Marquee Group Inc)

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Conditions on Initial Closing Date. The obligations of the Lenders to ---------------------------------- make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Conditions on Initial Closing Date. The obligations of the Lenders to ---------------------------------- make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 and 5.2 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (Ameripath Inc)

Conditions on Initial Closing Date. The obligations obligation of the Lenders Lender to ---------------------------------- make any the initial extension of credit pursuant to Section 2 2.1 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders Lender shall have no obligation to make any extensions of credit hereunder.

Appears in 1 contract

Samples: Bridge Loan Agreement (Advanced Radio Telecom Corp)

Conditions on Initial Closing Date. The obligations of the Lenders to make any the initial extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 9.1 as well as the further conditions in Section 5.29.2. If the conditions set forth in this Section 5.1 9.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 1 contract

Samples: Credit Agreement (Nextera Enterprises Inc)

Conditions on Initial Closing Date. The obligations of the Lenders to make any the initial extension of credit pursuant to Section 2 shall be subject to the satisfactionsatisfaction or waiver, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in (except for Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder5.1.

Appears in 1 contract

Samples: Credit Agreement (American Biltrite Inc)

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