Common use of Conditions Precedent to Final Facility Effectiveness Clause in Contracts

Conditions Precedent to Final Facility Effectiveness. The obligation of any Agent or any Lender to make any Loan during the Final Period shall commence as of the Business Day (the "Final Facility Effective Date") when each of the following conditions precedent shall have been satisfied in a manner reasonably satisfactory to the Required Lenders or their advisors (it being agreed and understood that no Loan shall be made unless the requirements of Section 11.22 that are required to occur prior to funding have occurred):

Appears in 2 contracts

Samples: Financing Agreement (Global Geophysical Services Inc), Settlement Agreement

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Conditions Precedent to Final Facility Effectiveness. The obligation of any Agent or any Lender to make any Loan or of the Administrative Agent to assist the Borrowers in establishing or opening any Letter of Credit during the Final Period shall commence as of the Business Day (the "Final Facility Effective Date") when each of the following conditions precedent shall have been satisfied in a manner reasonably satisfactory to the Required Lenders or their advisors (it being agreed and understood that no Loan shall be made unless the requirements of Section 11.22 that are required to occur prior to funding have occurred):Collateral Agent:

Appears in 1 contract

Samples: Financing Agreement (Aaipharma Inc)

Conditions Precedent to Final Facility Effectiveness. The obligation of any Agent or any Lender to make any Loan Loans or of the Administrative Agent to assist the Borrower in obtaining Letter of Credit Accommodations during the Final Period shall commence as of the Business Day (the "Final Facility Effective Date") when each of the following conditions precedent shall have been satisfied in a manner reasonably satisfactory to the Required Lenders or their advisors (it being agreed and understood that no Loan shall be made unless the requirements of Section 11.22 that are required to occur prior to funding have occurred):Agents:

Appears in 1 contract

Samples: Financing Agreement (Oglebay Norton Co /Ohio/)

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Conditions Precedent to Final Facility Effectiveness. The obligation of any Agent or any Lender to make any Loan or of the Administrative Agent to assist the Borrowers in establishing or opening any Letter of Credit Accommodation during the Final Period shall commence as of the Business Day (the "Final Facility Effective Date") when each of the following conditions precedent shall have been satisfied in a manner reasonably satisfactory to the Required Lenders or their advisors (it being agreed and understood that no Loan shall be made unless the requirements of Section 11.22 that are required to occur prior to funding have occurred):Collateral Agent:

Appears in 1 contract

Samples: Financing Agreement (Solutia Inc)

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