Common use of Conditions Precedent to All Revolving Loans and Letters of Credit Clause in Contracts

Conditions Precedent to All Revolving Loans and Letters of Credit. The obligation of Lenders to make the Revolving Loans, including the initial Revolving Loans, or of the Agent and Lenders to provide for any Letter of Credit, including the initial Letters of Credit, is subject to the further satisfaction of, or waiver of, immediately prior to or concurrently with the making of each such Revolving Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 2 contracts

Samples: Agreement and Plan of Merger (HyperSpace Communications, Inc.), Loan and Security Agreement (HyperSpace Communications, Inc.)

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Conditions Precedent to All Revolving Loans and Letters of Credit. The obligation of Lenders to make the Revolving Loans, including the initial Revolving Loans, and the obligation of each Issuing Bank to issue (or of the Agent and Lenders to provide for amend or extend) any Letter of Credit, including the initial Letters of Credit, is subject to the further satisfaction of, or waiver of, immediately prior to or concurrently with the making of each such Revolving Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 1 contract

Samples: Loan and Security Agreement (Nu Horizons Electronics Corp)

Conditions Precedent to All Revolving Loans and Letters of Credit. The obligation of Lenders to make the Revolving Loans, including the initial Revolving Loans, or of the Agent and Lenders Issuing Bank to provide for issue any Letter of Credit, including the initial Letters of Credit, is subject to the further satisfaction of, or waiver of, immediately prior to or concurrently with the making of each such Revolving Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 1 contract

Samples: Loan and Security Agreement (Vs Holdings, Inc.)

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Conditions Precedent to All Revolving Loans and Letters of Credit. The obligation of Lenders Lender to make the Revolving Loans, including the initial Revolving Loans, or of the Agent and Lenders to provide for issue any Letter of Credit, including the initial Letters of Credit, is subject to the further satisfaction of, or waiver of, immediately prior to or concurrently with the making of each such Revolving Loan or the issuance of such Letter of Credit of Credit, each of the following conditions precedent:

Appears in 1 contract

Samples: Loan and Security Agreement (Five Below, Inc)

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