Conditions Precedent to Initial Loan. The obligation of each Bank to make its initial Loan to the Borrower is subject to the conditions precedent that the Agent shall have received on or before the day of such Loan each of the following, in form and substance satisfactory to the Agent and its counsel and (except for the Notes) in sufficient copies for each Bank:
Appears in 2 contracts
Samples: Agented Revolving Credit Agreement (Americas Carmart Inc), Revolving Credit Agreement (Crown Group Inc /Tx/)
Conditions Precedent to Initial Loan. The obligation of each the Bank to make its the initial Loan to the Borrower is subject to the conditions condition precedent that the Agent Bank shall have received on or before the day of such Loan each of the following, in form and substance satisfactory to the Agent Bank and its counsel and (except for the Notes) in sufficient copies for each Bankcounsel:
Appears in 2 contracts
Samples: Line of Credit, Security and Pledge Agreement (Allied Capital Lending Corp), Line of Credit Agreement (Allied Capital Lending Corp)
Conditions Precedent to Initial Loan. The obligation of each Bank the Lender to make its the initial Loan to the Borrower Company is subject to the conditions precedent that the Agent Lender shall have received received, on or before the day of such Loan initial Loan, each of the followingfollowing (which, in the case of instruments or documents, must be originals and in form and substance content satisfactory to the Agent and its counsel and (except for the Notes) in sufficient copies for each Bank:Lender):
Appears in 2 contracts
Samples: Revolving Credit Agreement (Artesian Resources Corp), Revolving Credit Agreement (Artesian Resources Corp)
Conditions Precedent to Initial Loan. The obligation of each the Bank to make its the initial Loan to the Borrower is subject to the conditions precedent that the Agent Bank shall have received on or before the day of such Loan each of the following, in form and substance satisfactory to the Agent Bank and its counsel and (except for the Notes) in sufficient copies for each Bankcounsel:
Appears in 2 contracts
Samples: Credit Agreement (Alliance Semiconductor Corp /De/), Credit Agreement (Alliance Semiconductor Corp /De/)
Conditions Precedent to Initial Loan. The obligation of each the Bank to make its the initial Loan to the Borrower is subject to the conditions precedent that the Agent shall have Bank having received on or before the day of such the initial Loan each of the following, in form and substance satisfactory to the Agent and its counsel and (except for the Notes) in sufficient copies for each Bank:
(a) a certificate of the corporate secretary or any assistant secretary of the Borrower to the effect that (i) the Articles of Incorporation and the by-laws of the Borrower attached to the certificate are true and complete and have not been revoked, and
Appears in 1 contract
Samples: Revolving Credit Agreement (Greg Manning Auctions Inc)
Conditions Precedent to Initial Loan. The obligation of each Bank to make its initial Loan to the Borrower hereunder is subject to the conditions precedent that fulfillment, to the Agent shall have received on or before the day satisfaction of such Loan Bank and its counsel, of each of the followingfollowing conditions, in form and substance satisfactory to the Agent and its counsel and (except for extent that such conditions were not satisfied under the Notes) in sufficient copies for each BankPrior Agreement:
Appears in 1 contract
Samples: Credit Agreement (Diodes Inc /Del/)
Conditions Precedent to Initial Loan. The obligation of each the Bank to ------------------------------------ make its initial Loan to the Borrower is subject to the conditions condition precedent that the Agent Bank shall have received on or before the day of such Loan each of the followingreceived, in form and substance reasonably satisfactory to the Agent Bank and its counsel and counsel, the following:
(except for a) this Agreement duly executed by the NotesBorrower;
(b) in sufficient copies for each Bank:a Certificate of Corporate Borrowing Resolutions signed by the Secretary of the Borrower;
Appears in 1 contract
Samples: Revolving Credit Agreement (Ameriquest Technologies Inc)
Conditions Precedent to Initial Loan. The obligation of each the Bank to make its initial Loan to the Borrower is subject to the conditions precedent that the Agent Bank shall have received on or before the day of such Loan each of the following, in form and substance satisfactory to the Agent Bank and its counsel and (except for the Notes) in sufficient copies for each Bankcounsel:
Appears in 1 contract
