Conditions Precedent to Effectiveness of Agreement and Initial Credit Event Sample Clauses

Conditions Precedent to Effectiveness of Agreement and Initial Credit Event. The effectiveness of this Agreement and the initial Credit Event under this Agreement are subject to the conditions precedent that: (a) the Administrative Agent and the Managing Agents shall have received on or before the date of such Credit Event those documents listed on Schedule B, (b) the Spinoff Transaction shall have been completed, (c) the Revolving Credit Agreement shall have become effective in accordance with the terms thereof, (d) Originator and Seller shall have marked their respective records evidencing the Receivables to reflect the sales thereof contemplated by the Receivables Sale Agreement and by this Agreement in a manner reasonably satisfactory to the Administrative Agent, (e) the L/C Collateral Account shall have been established and (f) the Administrative Agent and the Purchasers shall have received all fees and, to the extent invoiced at least two (2) Business Days prior to the date hereof, expenses required to be paid on such date pursuant to the terms of this Agreement and the Fee Letter.
Sample 1
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Related to Conditions Precedent to Effectiveness of Agreement and Initial Credit Event

  • Conditions Precedent to Effectiveness of Agreement Each of the following is a condition precedent to the effectiveness of this Agreement:

  • Conditions Precedent to Effectiveness of Amendment The effectiveness of this Amendment is subject to and contingent upon the fulfillment of each and every one of the following conditions:

  • Conditions Precedent to Effectiveness of this Amendment This Amendment shall not become effective until all of the following conditions precedent shall have been satisfied in the sole discretion of Agent or waived by Agent:

  • Conditions Precedent to Effectiveness of this Agreement This Agreement shall become effective on and as of the date hereof (the “Effective Date”), provided that the following conditions precedent have been satisfied on such date:

  • Conditions Precedent to All Credit Events The obligation of each Lender to make Loans (including Loans made on the Initial Borrowing Date), and the obligation of each Issuing Lender to issue Letters of Credit (including Letters of Credit issued on the Initial Borrowing Date), is subject, at the time of each such Credit Event (except as hereinafter indicated), to the satisfaction of the following conditions:

  • Conditions to Effectiveness of Agreement This Agreement shall become effective on the date (the "Effective Date") each of the following conditions precedent is satisfied:

  • Conditions Precedent to Each Credit Event The occurrence of each Credit Event (including the initial Borrowing) is subject to the further conditions that:

  • Conditions Precedent to Effectiveness This Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied:

  • Conditions Precedent to Initial Extension of Credit The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

  • Conditions Precedent to Initial Credit Extension Bank’s obligation to make the initial Credit Extension is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, such documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate, including, without limitation:

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