Conditions Precedent to Initial Credit Events. The obligation of each Lender to make Loans, and the obligation of any Issuing Bank to issue Letters of Credit, on the Initial Borrowing Date, is subject to the satisfaction of the following conditions:
Conditions Precedent to Initial Credit Events. The --------------------------------------------- obligation of each Bank to make each Loan hereunder, and the obligation of the Letter of Credit Issuer to issue each Letter of Credit hereunder, is subject, at the time of the making of such Loans or the issuance of such Letters of Credit to the satisfaction of the following conditions:
Conditions Precedent to Initial Credit Events. The obligation of each Bank to make Revolving Loans, and the obligation of each Issuing Bank to issue Letters of Credit, on the Initial Borrowing Date, is subject at the time of the making of such Revolving Loans or the issuance of such Letters of Credit to the satisfaction of the following conditions:
Conditions Precedent to Initial Credit Events. The obligation of each Lender to advance the initial Loans, of the Swingline Lenders to advance the initial Swingline Loans and of the Letter of Credit Issuers to issue initial Letters of Credit hereunder, is subject to satisfaction (or waiver in accordance with Section 13.1) of the following conditions precedent:
Conditions Precedent to Initial Credit Events. 3/. The obligation of each Lender to make each Loan hereunder, the obligation of each PF Lender to fund its Credit-Linked Deposit and the obligation of the Letter of Credit Issuer to issue each Letter of Credit hereunder, in each case on the Initial Borrowing Date, is subject at the time of the making of such Loan, the funding of such Credit-Linked Deposit or the issuance of such Letter of Credit, as the case may be, to the satisfaction of the following conditions:
Conditions Precedent to Initial Credit Events. The obligation of each Lender to make Loans, and the obligation of each LC Issuing Bank to issue Letters of Credit, on the Initial Borrowing Date, is subject to the satisfaction of the following conditions:
(a) On or prior to the Initial Borrowing Date, the Effective Date shall have occurred;
(b) receipt by the Agent, on or prior to the Initial Borrowing Date, (i) for the account of each of the Lenders the appropriate Tranche A Term Note, Tranche B Term Note and/or Revolving Note and (ii) of the Swingline Note for the account of the Swingline Lender, in each case executed by the Borrower and in the amount, maturity and as otherwise provided herein;
(c) receipt by the Agent of an opinion of Xxxxx Xxxx & Xxxxxxxx, counsel for the Obligors, substantially in the form of Exhibit B hereto and covering such additional matters relating to the transactions contemplated hereby as the Agent may reasonably request;
(d) (i) on the Initial Borrowing Date and contemporaneously with giving effect to the Loans incurred on the Initial Borrowing Date, the Recapitalization shall have been consummated in accordance with the Recapitalization Documents and all applicable laws, and all material conditions precedent to the consummation of the Recapitalization shall have been satisfied and not waived, except with the consent of the Agent;
Conditions Precedent to Initial Credit Events. The obligation of each Bank to make Loans, and the obligation of each Issuing Bank to issue Letters of Credit, on the Second Restatement Effective Date, is subject at the time of the making of such Loans or the issuance of such Letters of Credit to the satisfaction of the following conditions:
Conditions Precedent to Initial Credit Events. 5.01. Execution of Agreement; Second-Lien Loan Notes 5.02. Officer’s Certificate 5.03. Opinions of Counsel 5.04. Corporate Documents; Proceedings
Conditions Precedent to Initial Credit Events. The obligation of each Lender to make each Second-Lien Loan hereunder on the Initial Borrowing Date, is subject, at the time of the making of such Second-Lien Loan to the satisfaction of the following conditions:
Conditions Precedent to Initial Credit Events. The agreement of each Lender to make any Loan requested to be made by it on the Closing Date, and the obligation of any Letter of Credit Issuer to issue (or continue or be deemed to have issued) Letters of Credit on the Closing Date, is subject to the satisfaction (or waiver by the Joint Lead Arrangers) of the conditions precedent set forth in this Section 6, except as otherwise agreed by the Borrower and the Joint Lead Arrangers.
