Common use of Conditions Precedent to Initial Borrowing Clause in Contracts

Conditions Precedent to Initial Borrowing. The obligations of each Lender to make the initial Advance and of the Issuing Lender to make issue the initial Letters of Credit, shall be subject to the conditions precedent that:

Appears in 3 contracts

Samples: Credit Agreement (Triangle Petroleum Corp), Credit Agreement (Triangle Petroleum Corp), Security Agreement (Triangle Petroleum Corp)

AutoNDA by SimpleDocs

Conditions Precedent to Initial Borrowing. The obligations of each Lender to make the initial Advance Loan and of the Issuing Lender to make issue the initial Letters of Credit, shall be subject to the satisfaction or waiver in writing of the following conditions precedent thatprecedent:

Appears in 2 contracts

Samples: Credit Agreement (Extraction Oil & Gas, LLC), Credit Agreement (Extraction Oil & Gas, LLC)

Conditions Precedent to Initial Borrowing. The obligations of the first to occur of (i) each Lender to make the initial Advance and of (ii) the Issuing Lender to make issue the Default Interest Letter of Credit and any other initial Letters of Credit (including the deemed issuance of the Existing Letters of Credit), shall be subject to the satisfaction or waiver in writing of the following conditions precedent thatprecedent:

Appears in 2 contracts

Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)

Conditions Precedent to Initial Borrowing. (a) The obligations obligation of each Acquisition Loan Lender to make the initial Advance and Acquisition Loans, or of the Issuing Lender Bank to make issue the initial Letters any Letter of Credit, shall be Credit is subject to the conditions precedent that:

Appears in 1 contract

Samples: Revolving Credit Agreement (Group 1 Automotive Inc)

Conditions Precedent to Initial Borrowing. The obligations obligation of each the Lender to make the its initial Advance and of the Issuing Lender to make issue the initial Letters of Credit, Loan shall be subject to the fulfillment or waiver in writing of the following conditions precedent thatas determined by the Lender prior to the initial Borrowing:

Appears in 1 contract

Samples: Credit Agreement (Capital Gold Corp)

Conditions Precedent to Initial Borrowing. The obligations obligation of each Lender Bank to make its initial Advance as part of the initial Advance Borrowing and of the Issuing Lender Bank to make issue the initial Letters of Credit, shall be Credit is subject to the conditions precedent that:

Appears in 1 contract

Samples: Credit Agreement (Advance Paradigm Inc)

AutoNDA by SimpleDocs

Conditions Precedent to Initial Borrowing. The obligations obligation of each Lender to make an Advance or the Issuing Bank to issue a Letter of Credit on the occasion of the initial Advance and of the Issuing Lender to make issue the initial Letters of Credit, shall be Borrowing is subject to the following conditions precedent thatprecedent:

Appears in 1 contract

Samples: Credit Agreement (Signature Brands Inc)

Conditions Precedent to Initial Borrowing. The obligations obligation of each Lender to make an Advance or issue the Letter of Credit on the occasion of the initial Advance Borrowing and the issuance of the Issuing Lender to make issue the initial Letters Letter of Credit, shall be Credit is subject to the following conditions precedent thatprecedent:

Appears in 1 contract

Samples: Credit Agreement (Providence Journal Co)

Conditions Precedent to Initial Borrowing. The obligations of each Lender to make its initial Loans and the Issuing Bank to issue any initial Advance and Letter of Credit, including the deemed issuance of the Issuing Lender to make issue the initial Existing Letters of Credit, shall be subject to the conditions precedent that:

Appears in 1 contract

Samples: Credit Agreement (Willbros Group, Inc.\NEW\)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!