Common use of Conditions Precedent to Each Disbursement Clause in Contracts

Conditions Precedent to Each Disbursement. The agreement of the Primary Lender to fund any Disbursement under this Agreement and any obligations of the Alternate Lender to fund any Disbursement under this Agreement shall be subject only to the Facility Agent's receipt of a Certificate Authorizing Disbursement, upon which each such Lender may conclusively rely.

Appears in 4 contracts

Samples: Credit Agreement (Rowan Companies Inc), Credit Agreement (Cal Dive International Inc), Credit Agreement (Rowan Companies Inc)

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Conditions Precedent to Each Disbursement. The agreement of the Primary Lender to fund any Disbursement under this Agreement and any obligations of the Alternate Lender to fund any Disbursement Disbursements under this Agreement shall be subject only to the Facility Agent's receipt of a Certificate Authorizing Disbursement, upon which each such Lender may conclusively rely.

Appears in 2 contracts

Samples: Credit Agreement (Pride International Inc), Credit Agreement (Pride International Inc)

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