Common use of Conditions Precedent to Initial Revolving Loans and Letters of Credit Clause in Contracts

Conditions Precedent to Initial Revolving Loans and Letters of Credit. The obligation of Lender to make the initial Revolving Loans or to issue the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver of, immediately prior to or concurrently with the making of such Revolving Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 3 contracts

Samples: Loan and Security Agreement (Five Below, Inc), Loan and Security Agreement (Five Below, Inc), Loan and Security Agreement (Five Below, Inc)

AutoNDA by SimpleDocs

Conditions Precedent to Initial Revolving Loans and Letters of Credit. The obligation of Lender Lenders to make the initial Revolving Loans or of Agent and Lenders to issue provide for the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver of, immediately prior to or concurrently with the making of such Revolving Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 2 contracts

Samples: Loan and Security Agreement (HyperSpace Communications, Inc.), Loan and Security Agreement (HyperSpace Communications, Inc.)

Conditions Precedent to Initial Revolving Loans and Letters of Credit. The Except as agreed to in the Conditions Subsequent Letter, the obligation of Lender Lenders to make the initial Revolving Loans or and of the Issuing Bank to issue the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver (in accordance with Section 11.4) of, immediately prior to or concurrently with the making of such Revolving Loan or the issuance of such Letter Letters of Credit of each of the following conditions precedent:

Appears in 1 contract

Samples: Loan and Security Agreement (Vs Holdings, Inc.)

AutoNDA by SimpleDocs

Conditions Precedent to Initial Revolving Loans and Letters of Credit. The obligation of Lender Lenders to make the initial Revolving Loans or to issue the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver of, immediately prior to or concurrently with the making of such Revolving Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 1 contract

Samples: Loan and Security Agreement (Vs Direct Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!