Common use of Conditions Precedent to the Initial Revolving Loan Clause in Contracts

Conditions Precedent to the Initial Revolving Loan. The obligation of Lender to make the initial Revolving Loan or issue the initial Letter of Credit is subject to the satisfaction of each of the conditions precedent set forth on Schedule 3.1.

Appears in 2 contracts

Samples: Credit Agreement (Hamilton Beach Brands Holding Co), Credit Agreement (Innodata Inc)

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Conditions Precedent to the Initial Revolving Loan. The obligation of Lender to make the initial Revolving Loan or issue the initial Letter of Credit is subject to the satisfaction of each of the conditions precedent set forth on Schedule 3.1.

Appears in 1 contract

Samples: Credit Agreement (Innodata Inc)

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Conditions Precedent to the Initial Revolving Loan. The obligation of Lender to make the initial Revolving Loan or issue the initial Letter of Credit is subject to the satisfaction of each of the conditions precedent set forth on Schedule 3.1. The making of the initial Revolving Loan by Xxxxxx shall be conclusively deemed to confirm the satisfaction or waiver of the conditions precedent set forth in Schedule 3.1.

Appears in 1 contract

Samples: Credit Agreement (Culp Inc)

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