Conditions Precedent to Making of Initial Loans. The obligation of the Lenders to make the initial Loans hereunder, and the obligation of the Agent to cause the Letter of Credit Issuer to issue the initial Letter of Credit or Credit Support hereunder, are subject to the following conditions precedent having been satisfied in a manner satisfactory to the Agent and each Lender:
Appears in 2 contracts
Samples: Credit Agreement (Applica Inc), Credit Agreement (Salton Inc)
Conditions Precedent to Making of Initial Loans. The obligation of the Lenders to make the initial Revolving Loans hereunder, (if any) (and the obligation of the Agent to cause the Letter of Credit Issuer to issue the initial Letter of Credit or Credit Support hereunderCredit), are subject to the following conditions precedent having been satisfied in a manner satisfactory to the Agent and each Lender (or waived in writing by the Agent and each Lender:):
Appears in 1 contract
Conditions Precedent to Making of Initial Loans. The obligation of the Lenders to make the initial Revolving Loans hereunder, and the obligation of the Agent to cause to be issued or provide the initial Credit Support for any Letter of Credit Issuer and the obligation of the Lenders to issue participate in the initial Letter Letters of Credit or in Credit Support hereunderfor any such Letters of Credit, are subject to the following conditions precedent having been satisfied in a manner satisfactory to the Agent and each Lender:
Appears in 1 contract
Samples: Loan and Security Agreement (Strategic Distribution Inc)