Conditions Precedent to All Revolving Loans. The obligation of Lenders to make the Revolving Loans, including the initial Revolving Loans, and to incur any Letter of Credit Obligations is subject to the further satisfaction of, or waiver of, immediately prior to or concurrently with the making of each such Revolving Loan of each of the following conditions precedent:
Appears in 2 contracts
Samples: Credit and Security Agreement (MVC Capital, Inc.), Credit and Security Agreement (MVC Capital, Inc.)
Conditions Precedent to All Revolving Loans. The obligation of the Lenders to make the each Revolving Loans, Loan (including the initial Revolving Loans, Loan) and to incur issue, extend or renew any Letter of Credit Obligations is Credit, shall be subject to the further prior satisfaction of, or waiver of, immediately prior to or concurrently with the making of each such Revolving Loan of each of the following conditions precedentadditional conditions:
Appears in 1 contract
Conditions Precedent to All Revolving Loans. The obligation of Lenders to make the Revolving Loans, including the initial Revolving Loans, and to incur any Letter of Credit Obligations is subject to the further satisfaction of, or waiver of, immediately prior to or concurrently with the making of each such Revolving Loan of each of the following conditions precedent:
Appears in 1 contract
Conditions Precedent to All Revolving Loans. The obligation of Lenders each Bank to make Revolving Loans (including any Revolving Loans made on the Revolving LoansEffective Date) is subject, including at the initial Revolving Loans, and to incur any Letter of Credit Obligations is subject to the further satisfaction of, or waiver of, immediately prior to or concurrently with the making time of each such Revolving Loan of each (except as hereinafter indicated), to the satisfaction of the following conditions precedentconditions:
Appears in 1 contract
Conditions Precedent to All Revolving Loans. The obligation of Lenders the Banks to make all Revolving Loans (which term shall not include a conversion or continuation of a Revolving Loan) is subject, at the Revolving Loans, including the initial Revolving Loans, and to incur any Letter of Credit Obligations is subject to the further satisfaction of, or waiver of, immediately prior to or concurrently with the making time of each such Revolving Loan of each Loan, to the satisfaction of the following conditions precedentconditions:
Appears in 1 contract
Conditions Precedent to All Revolving Loans. The obligation of Lenders Lender to make the Revolving Loans, including the initial Revolving Loans, and to incur any Letter of Credit Obligations Loans is subject to the further satisfaction of, or waiver of, immediately prior to or concurrently with the making of each such Revolving Loan of each of the following conditions precedent:
Appears in 1 contract