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

Conditions Precedent to Initial Extension of Credit. Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions have been satisfied or waived and the obligation of each Lender to make an Advance or of the Issuing Bank to issue a Letter of Credit on the Effective Date is subject to the satisfaction or waiver of such conditions precedent before or concurrently with the Effective Date:

Appears in 1 contract

Samples: Credit Agreement (Trump Entertainment Resorts Holdings Lp)

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Conditions Precedent to Initial Extension of Credit. Subject to the Closing Date Limitations, Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions have been satisfied or waived and the obligation of each Lender to make an Advance (other than a Term C Advance, which is governed by Section 3.01 of the Second Lien Term Loan Agreement) or of the Issuing Bank to issue a Letter of Credit on the Effective Date is subject to the satisfaction or waiver of such conditions precedent before or substantially concurrently with the Effective Date:

Appears in 1 contract

Samples: First Lien Credit Agreement (Berliner Communications Inc)

Conditions Precedent to Initial Extension of Credit. Subject to the Closing Date Limitations, Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions have been satisfied or waived and the obligation of each Second Lien Lender to make an Advance or of the Issuing Bank to issue a Letter of Credit on the Effective Date is subject to the satisfaction or waiver of such conditions precedent before or substantially concurrently with the Effective Date:

Appears in 1 contract

Samples: Term Loan Agreement (Berliner Communications Inc)

Conditions Precedent to Initial Extension of Credit. Section 2.01 The obligation of each Lender to make an Advance hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with such Advance (and Article II of this Agreement shall become effective on and as of the first date (the “Effective Date”"EFFECTIVE DATE") on which the following conditions have been satisfied or waived and the obligation of each Lender to make an Advance or of the Issuing Bank to issue a Letter of Credit on the Effective Date is subject to the satisfaction or waiver of such conditions precedent before or concurrently with the Effective Date:have been satisfied):

Appears in 1 contract

Samples: Open Solutions Inc

Conditions Precedent to Initial Extension of Credit. Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”"EFFECTIVE DATE") on which the following conditions have been satisfied or waived and the obligation of each Lender to make an Advance or of the Issuing Bank to issue a Letter of Credit on the Effective Date is subject to the satisfaction or waiver of such conditions precedent before or concurrently with the Effective Date:

Appears in 1 contract

Samples: Credit Agreement (Trump Entertainment Resorts Holdings Lp)

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Conditions Precedent to Initial Extension of Credit. Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”"EFFECTIVE DATE") on which the following conditions have been satisfied or waived and the obligation of each Lender to make an Advance or of the Issuing Bank to issue a Letter of Credit on the Effective Date is subject to the satisfaction or waiver of such conditions precedent before or concurrently with the Effective Date:

Appears in 1 contract

Samples: Senior Revolving Credit Agreement (Adams Respiratory Therapeutics, Inc.)

Conditions Precedent to Initial Extension of Credit. Section 2.01 The obligation of each Lender to make an Advance on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit (and Article II of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions have been satisfied or waived and the obligation of each Lender to make an Advance or of the Issuing Bank to issue a Letter of Credit on the Effective Date is subject to the satisfaction or waiver of such conditions precedent before or concurrently with the Effective Date:have been satisfied):

Appears in 1 contract

Samples: Credit Agreement (Triple Crown Media, Inc.)

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