Conditions Precedent to Initial Loan and Letter of Credit. The Lenders shall have no obligation to make the initial Loan or issue the initial Letter of Credit unless and until all matters incident to the consummation of the transactions contemplated herein, including the review by the Agent or its counsel of the title of the Borrowers to the Material Properties, shall be satisfactory to the Agent and each Lender, and the Agent shall have received, reviewed, and approved the following documents and other items, appropriately executed when necessary and, where applicable, acknowledged by one or more authorized officers of the Borrowers or the Guarantor, as the case may be, all in form and substance satisfactory to the Agent and dated, where applicable, of even date herewith or a date prior thereto and acceptable to the Agent:
Conditions Precedent to Initial Loan and Letter of Credit. The Lenders shall have no obligation to make the initial Loans or issue the initial Letters of Credit on or after the Closing Date unless and until all matters incident to the consummation of the transactions contemplated herein, including the review by the Agent or its counsel of the title, as set forth in clause (i), of KRI, KCS Marketing, KCS Michigan or any other Person party to a Security Instrument, (any such other Person being referred to as a "Substitute Mortgagor") to the Additional Mortgaged Properties, shall be satisfactory to the Agent, and the Agent shall have substantially simultaneously received the Tranche A Amendment Fee and the Tranche B Amendment Fee and (to the extent not previously received to the satisfaction of the Agent in its sole determination) shall have received, reviewed, and approved the following documents and other items, appropriately executed when necessary and, where applicable, acknowledged by one or more authorized officers of the Borrowers or the Guarantor, as the case may be, all in form and substance satisfactory to the Agent and dated, where applicable, of even date herewith or a date prior thereto and acceptable to the Agent:
Conditions Precedent to Initial Loan and Letter of Credit. The obligation of Lender to make the initial Loan and to issue the initial Letter of Credit is subject to (i) receipt by Lender of the following items which are to be delivered, in form and substance reasonably satisfactory to Lender and (ii) satisfaction of the following conditions, in form and substance reasonably satisfactory to Lender:
Conditions Precedent to Initial Loan and Letter of Credit. The Lenders shall have no obligation to make the initial Loans or issue the initial Letters of Credit on or after the Closing Date unless and until all matters incident to the consummation of the transactions contemplated herein, including the review by the Agent or its counsel of matters relating to the Security Instruments as set forth in clause (g) of KCS Medallion or any other Borrower or other member of the KCS
Conditions Precedent to Initial Loan and Letter of Credit. The obligation of each Applicable Lender to make a Revolving Credit Loan, each Applicable Lender to maintain its Term Loans or an Issuing Bank to issue a Letter of Credit hereunder is subject to (x) the receipt by the Administrative Agent of the following items and (y) the satisfaction (or waiver by all of the Lenders) of the following conditions:
Conditions Precedent to Initial Loan and Letter of Credit. The Lenders shall have no obligation to make the initial Loan and the Issuing Bank shall have no obligation to issue the initial Letter of Credit unless and until all matters incident to the consummation of the transactions contemplated herein shall be satisfactory to the Administrative Agent, and the Administrative Agent shall have received, reviewed, and approved the following documents and other items, appropriately executed when necessary and, where applicable, acknowledged by one or more authorized officers of the Borrowers and the Guarantors, all in form and substance satisfactory to the Administrative Agent and dated, where applicable, of even date herewith or a date prior thereto and acceptable to the Administrative Agent.
Conditions Precedent to Initial Loan and Letter of Credit. The obligation of each Lender to make its Pro Rata Share of the initial Loan and L/C Issuer to issue the initial Letter of Credit is subject to (i) receipt by Administrative Agent of the following items which are to be delivered, in form and substance reasonably satisfactory to Administrative Agent, each Lender and L/C Issuer and (ii) satisfaction of the following conditions, in form and substance reasonably satisfactory to Administrative Agent, each Lender and L/C Issuer:
Conditions Precedent to Initial Loan and Letter of Credit. The Lenders shall have no obligation to make the initial Loans or issue the initial Letter of Credit unless and until all matters incident to the consummation of the transactions contemplated herein, including the review by the Agent or its counsel of the title of KCS Medallion (or if consented to in writing by the Agent, any other Borrower, any such Borrower being referred to as a "Substitute Mortgagor") to the Material Properties, shall be satisfactory to the Agent and each Lender, and the Agent shall have received, reviewed, and approved the following documents and other items, appropriately executed when necessary and, where applicable, acknowledged by one or more authorized officers of the Borrowers, all in form and substance satisfactory to the Agent and dated, where applicable, of even date herewith or a date prior thereto and acceptable to the Agent:
