Conditions Precedent to First Loan Sample Clauses

Conditions Precedent to First Loan. In addition to the provisions of Section 3.2, the obligation of each Lender to make its first Loan hereunder is subject to the receipt by the Lenders of a legal opinion, dated the date of Borrowing of the first Loan, from counsel to the Loan Parties, concerning due authorization, execution, delivery and the enforceability of this Agreement, the Notes and the Security Agreement, absence of conflicts with laws, articles, by-laws, agreements, absence of consents and approvals and the perfection of the Lenders' security interest in the Collateral, all in form and substance reasonably satisfactory to the Lenders.
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Conditions Precedent to First Loan. The obligation of each Bank to make the first Loan hereunder is conditioned upon the following:
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Conditions Precedent to First Loan. Each of the following is a condition precedent to Lender making the first Loan to Borrower hereunder:
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Conditions Precedent to First Loan. No Lender shall be obligated to make the first Loan after the date of this Amended and Restated Credit Agreement, unless each of the following conditions is satisfied (or waived in accordance with Section 9.02) and/or are true:
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Conditions Precedent to First Loan. No Lender has any obligation to make its first Loan, unless the following conditions precedent have been satisfied:
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Conditions Precedent to First Loan. No Lender shall be obligated to make the First Loan unless each of the following conditions is satisfied (or waived in accordance with Section 9.02):
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Conditions Precedent to First Loan. The obligation of the Bank to make the first Revolving Loan or the first advance under the Equipment Loan under or pursuant to this Agreement shall be subject to the following conditions precedent:
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Conditions Precedent to First Loan. SBCC's obligations to provide the first Loan hereunder are subject to the receipt by SBCC of the following, in form and substance satisfactory to SBCC:
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Related to Conditions Precedent to First Loan

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions Precedent to Initial Loan The obligation of Lender to make the initial Loan is subject to the condition precedent that Lender shall have received, in form and substance satisfactory to Lender, all of the following:

  • Conditions Precedent to Funding The obligations of the Lender to make any Advance, are subject to the conditions precedent that the Lender shall have received the following, in form and substance satisfactory to the Lender:

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to Initial Advance The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

  • Conditions Precedent to Initial Loans In addition to the conditions set forth in Section 6.2, Lenders shall not be required to fund any requested Loan, issue any Letter of Credit, or otherwise extend credit to Borrowers hereunder, until the date (“Closing Date”) that each of the following conditions has been satisfied:

  • Conditions Precedent to Initial Advances The obligation of each Bank to make its initial Advance on or after the Closing Date is subject to the conditions precedent that (i) all principal, accrued interest, fees, expenses, costs and other amounts outstanding under the terms of each of the Prior Agreements, accrued to the Closing Date, shall have been paid, and the commitments of the lenders thereunder to extend credit shall have terminated, (ii) the Agent shall have received, for the benefit of the Banks, the one time upfront fees due and payable on the Closing Date pursuant to the Joint Fee Letter and (iii) the Agent shall have received on or before the day of the initial Borrowing the following, each dated the Closing Date, in form and substance satisfactory to the Agent and in sufficient copies for each Bank:

  • Conditions Precedent to EFFECTIVENESS OF SECTIONS 2.01 AND 2.03. Sections 2.01 and 2.03 of 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 Borrowing The initial Borrowing under this Agreement is subject to the satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent.

  • Conditions Precedent to Obligation of Buyer Buyer's obligation to consummate the transactions contemplated by this Agreement is subject to the satisfaction, on or prior to the Closing Date, of each of the following conditions, unless otherwise waived by Buyer in writing:

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