Conditions Precedent to Effectiveness and Initial Borrowing. As conditions precedent to the effectiveness of this Agreement and the Initial Borrowing, (i) the Managing Agents shall have received each of the documents, instruments, legal opinions and other agreements listed on Exhibit G, together with all fees due and payable on the date hereof and on the Effective Date, (ii) since September 30, 2005, no event has occurred which would have a Material Adverse Effect and (iii) each Lender shall have received all necessary credit approvals in order to consummate the transactions contemplated by this Agreement.
Conditions Precedent to Effectiveness and Initial Borrowing. The effectiveness of, and the initial Borrowing under, this Agreement on the Effective Date is subject to the satisfaction of the following conditions precedent, except as otherwise agreed or waived pursuant to Section 13.1.
Conditions Precedent to Effectiveness and Initial Borrowing. (a) As conditions precedent to the effectiveness of this Agreement, (i) the Managing Agents shall have received each of the documents, instruments, legal opinions and other agreements listed on Exhibit G (excluding the legal opinion of Xxxxxx & Dodge LLP related to true sale and substantive consolidation matters in the form attached hereto as Exhibit L), together with all fees due and payable on the date hereof and on the Effective Date; (ii) since September 30, 2004, no event has occurred which would have a Material Adverse Effect and (iii) each Managing Agent shall have completed satisfactory due diligence and audits with respect to the Originator, the Borrower and the Receivables and each Lender shall have received all necessary credit approvals in order to consummate the transactions contemplated by this Agreement.
Conditions Precedent to Effectiveness and Initial Borrowing. As conditions precedent to the effectiveness of this Agreement, and the initial Borrowing hereunder (i) the Managing Agents shall have received each of the documents, instruments, legal opinions and other agreements listed on Exhibit G that are required to be delivered on or prior to the Effective Date, together with all fees due and payable on the date hereof and on the Effective Date; (ii) since December 31, 2004, no event has occurred which would have a Material Adverse Effect and (iii) each Managing Agent shall have completed satisfactory due diligence and audits with respect to the Originator, the Borrower and the Receivables and each Lender shall have received all necessary credit approvals in order to consummate the transactions contemplated by this Agreement.
Conditions Precedent to Effectiveness and Initial Borrowing. (a) As conditions precedent to the effectiveness of this Agreement, (i) the Managing Agents shall have received each of the documents, instruments, legal opinions and other agreements listed on Exhibit G, together with all fees due and payable on the date hereof and on the Effective Date; (ii) since December 31, 2014, no event has occurred which would have a Material Adverse Effect and (iii) each Managing Agent shall have completed satisfactory due diligence and audits with respect to the Originator, the Borrower and the Receivables and each Lender shall have received all necessary credit approvals in order to consummate the transactions contemplated by this Agreement.
