Common use of Conditions Precedent to Initial Credit Events Clause in Contracts

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:

Appears in 2 contracts

Samples: Credit Agreement (Neodata Services Inc), Credit Agreement (H-R Window Supply Inc)

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Conditions Precedent to Initial Credit Events. The obligation of each Bank Lender to make Revolving Loans, and the obligation of each Issuing Bank Lender to issue Letters of Credit, in each case 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:

Appears in 1 contract

Samples: Credit Agreement (Vertis Inc)

Conditions Precedent to Initial Credit Events. The obligation of each Bank to make Revolving LoansLoans and to participate in Letters of Credit on the Restatement Effective Date, and the obligation obligations of each Issuing Bank to issue Letters of Credit, Credit on the Initial Borrowing Restatement Effective Date, is are 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:

Appears in 1 contract

Samples: Credit Agreement (Northwest Airlines Corp)

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Conditions Precedent to Initial Credit Events. The obligation of each Bank Lender to make Revolving Loanseach Loan hereunder, and the obligation of each Issuing Bank Letter of Credit Issuer to issue Letters each Letter of CreditCredit hereunder, in each case on the Initial Borrowing Date, is subject at the time of the making of such Revolving Loans Loan or the issuance of such Letters Letter of Credit Credit, as the case may be, to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Intelsat LTD)

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