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 Lenders to make the initial Revolving Loans or of Agent and Lenders to 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.), Agreement and Plan of Merger (HyperSpace Communications, Inc.)

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Conditions Precedent to Initial Revolving Loans and Letters of Credit. The obligation of Lenders Lender to make the initial Revolving Loans or of Agent and Lenders to provide for 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 (Five Below, Inc)

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Conditions Precedent to Initial Revolving Loans and Letters of Credit. The Except as agreed to in the Conditions Subsequent Letter, the obligation of Lenders to make the initial Revolving Loans or and of Agent and Lenders the Issuing Bank to provide for the initial issue 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.)

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