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

Conditions Precedent to Initial Extension of Credit. In addition to satisfying each of the conditions precedent set forth in Section 3.3, the obligation of the Lender Group (or any member thereof) to make the initial Advances (or otherwise extend any credit hereunder) is subject to the prior fulfillment, to the satisfaction of Lender Group, of each of the conditions set forth below:

Appears in 2 contracts

Samples: Loan and Security Agreement (Old Evangeline Downs LLC), Loan and Security Agreement (Peninsula Gaming Corp)

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Conditions Precedent to Initial Extension of Credit. In addition to satisfying each of the conditions precedent set forth in Section 3.3, the obligation of the Lender Group (or any member thereof) to make the initial Advances (or otherwise extend any credit hereunder) is subject to the prior fulfillment, to the satisfaction of Lender GroupLender, of each of the conditions set forth below:

Appears in 2 contracts

Samples: Loan and Security Agreement (Old Evangeline Downs Capital Corp), Loan and Security Agreement (Peninsula Gaming Corp)

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Conditions Precedent to Initial Extension of Credit. In addition to satisfying each of the conditions precedent set forth in Section 3.3, the obligation of the Lender Group (or any member thereof) to make the initial Advances Advance (or otherwise extend any credit hereunder) is subject to the prior fulfillment, to the satisfaction of Lender Group, of each of the conditions set forth below:

Appears in 1 contract

Samples: Loan and Security Agreement (Peninsula Gaming, LLC)

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