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

Conditions Precedent to Loans and Letters of Credit. In addition to the requirements of Section 5.01, the obligation of each Lender to make any Loan and the obligation of CIT or any Lender to assist the Administrative Borrower in obtaining the issuance of any Letter of Credit is subject to the fulfillment, in a manner satisfactory to the Agent, of each of the following conditions precedent:

Appears in 2 contracts

Samples: Credit Agreement (Gs Technologies Operating Co Inc), Revolving Credit Agreement (Hechinger Co)

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Conditions Precedent to Loans and Letters of Credit. In addition to the requirements of Section 5.01, the obligation of each Lender to make any Loan and the obligation of CIT or any Lender to assist the Administrative Borrower in obtaining the issuance of any Letter of Credit is subject to the fulfillment, in a manner satisfactory to the Agent, of each of the following conditions precedent:

Appears in 2 contracts

Samples: Revolving Credit Agreement (Weiners Stores Inc), Revolving Credit Agreement (Jacobson Stores Inc)

Conditions Precedent to Loans and Letters of Credit. In addition to the requirements of Section 5.016.01, the obligation of each Lender to make any Loan and the obligation of CIT or any Lender to assist the Administrative Borrower in obtaining the issuance of any Letter of Credit is subject to the fulfillment, in a manner satisfactory to the Agent, of each of the following conditions precedent:

Appears in 1 contract

Samples: Revolving Credit Agreement (Best Products Co Inc)

Conditions Precedent to Loans and Letters of Credit. In addition to the requirements of Section 5.015.01 hereof, the obligation of each Lender to make any Loan and the obligation of CIT or any Lender to assist the Administrative a Borrower in obtaining the issuance of any Letter of Credit is subject to the fulfillment, in a manner satisfactory to the Agent, of each of the following conditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Genesis Direct Inc)

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Conditions Precedent to Loans and Letters of Credit. In addition to the requirements of Section 5.015.01 hereof, the obligation of each Lender to make any Loan and the obligation of CIT or any Lender to assist the Administrative Borrower in obtaining the issuance of any Letter of Credit is subject to the fulfillment, in a manner satisfactory to the Agent, of each of the following conditions precedent:

Appears in 1 contract

Samples: Revolving Credit Agreement (Sun Television & Appliances Inc)

Conditions Precedent to Loans and Letters of Credit. In addition to the requirements of Section 5.015.01 hereof, the obligation of each Lender to make any Loan (including the initial Loans) and the obligation of CIT or any Lender to assist the Administrative Borrower Borrowers in obtaining the issuance of any Letter of Credit is shall be subject to the fulfillment, in a manner satisfactory to the Agent, of each of the following conditions precedent:

Appears in 1 contract

Samples: Credit and Term Loan Agreement (American Architectural Products Corp)

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