Conditions Precedent to the Making of the Initial Revolving Credit Loan and the Initial Term Loan. The obligation of the Bank to make the initial Revolving Credit Loan and the initial Term Loan contemplated by this Agreement is subject to the condition precedent that the Bank shall have received from the Borrower and the Guarantors the following, in form and substance satisfactory to the Bank and its counsel:
Conditions Precedent to the Making of any Loan after the Consummation of the Body Shop Acquisition. The obligation of Administrative Agent or any Lender to make any Loan on the Closing Date after the consummation of the Body Shop Acquisition or of the Administrative Agent to assist the Borrowers in establishing or opening any Letter of Credit on the Closing Date after the consummation of the Body Shop Acquisition is subject to the fulfillment, in a manner reasonably satisfactory to the Administrative Agent and Required Lenders, of each of the following conditions:
Conditions Precedent to the Making of the Initial Revolving Credit Loan and the Issuing of the Initial Letter of Credit. The obligation of the Banks to make the initial Revolving Credit Loans contemplated by this Agreement and the obligation of the Issuing Bank to issue the initial Letter of Credit issued on or after the date of this Agreement, all as contemplated by this Agreement, are each subject to the condition precedent that the Agent, the Banks and the Issuing Bank shall have received from the Borrower and the Guarantors on or before the date of this Agreement the following, each dated such day, in form and substance satisfactory to the Agent and its counsel:
Conditions Precedent to the Making of the Initial Revolving Credit Loan. The obligation of Lender to make the initial Revolving Credit Loan contemplated by this Agreement is subject to the following conditions precedent, all of which shall be performed or satisfied in a manner in form and substance reasonably satisfactory to Lender and its counsel, and Lender acknowledges that the following conditions precedent have been performed or satisfied: (a) Lender shall have received a Revolving Credit Note, duly executed by Borrower. (b) Lender shall have received certified (as of the date of this Agreement) copies of the resolutions of the board of directors of Borrower authorizing the Loan and authorizing and approving this Agreement and the other Loan Documents and the execution, delivery and performance thereof and certified copies of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement and such other Loan Documents. (c) Lender shall have received a certificate of the Secretary (attested to by another officer) of Borrower certifying: (i) the names and true signatures of the officer or officers of Borrower authorized to sign this Agreement, the Revolving Credit Note and the other Loan Documents to be delivered hereunder on behalf of Borrower; and (ii) a copy of Borrower’s by- laws as complete and correct on the date of this Agreement. (d) Lender shall have received a copy of the certificate of incorporation and all amendments thereto of Borrower, certified by the Secretary and a certificate of existence and good standing with respect to Borrower from the Secretary of State (or equivalent officer) of the state of incorporation of Borrower and from the Secretary of State (or equivalent officer) of any state in which Borrower is authorized to do business. (e) Lender shall have received the opinion of as to certain matters referred to in Article IV hereof and as to such other matters as the Lender or its counsel may reasonably request. (f) The following statements shall be true and Lender shall have received a certificate signed by the President, an Executive Vice President, a Senior Vice President, the Treasurer or the Chief Financial Officer of Borrower dated the date hereof, stating that:
Conditions Precedent to the Making of Each Loan. The obligation of each Bank to make any Loan, including the initial Loans, shall be subject to the further conditions precedent that the following statements shall be true on the date of the making of such Loan, before and after giving effect thereto and to the application of the proceeds therefrom (and the acceptance by the Borrower of the proceeds of such Loan shall constitute a representation and warranty by the Borrower that on the date of such Loan such statements are true):
Conditions Precedent to the Making of All Loans and Issuance of Letters of Credit. The obligation of each Bank to extend any credit, including the obligation to make, extend or increase Loans (including any Loan made on the Closing Date) and the obligation of the Issuing Bank to issue any Letter of Credit, is subject to the satisfaction on the date such Loan is to be made or such Letter of Credit is to be issued, of the following conditions precedent, all of which shall be satisfactory to each Bank:
Conditions Precedent to the Making of the Closing Date Advance
Conditions Precedent to the Making of Each Loan and Issuance of Each Letter of Credit. The obligation of each Bank to make any Loan, including the initial Loans, and to issue any Letters of Credit, including the initial Letter of Credit, shall be subject to the further conditions precedent that the following statements shall be true on the date of the making of such Loan or issuance of such Letter of Credit, before and after giving effect thereto and to the application of the proceeds therefrom (and the acceptance by the Borrower of the proceeds of such Loan shall constitute a representation and warranty by the Borrower that on the date of such Loan such statements are true):
