Common use of Conditions to Closing and Initial Extensions of Credit Clause in Contracts

Conditions to Closing and Initial Extensions of Credit. The obligation of the Lenders to make the initial Extensions of Credit hereunder is subject to each of the following conditions:

Appears in 2 contracts

Samples: Loan Agreement (Stanley-Martin Communities, LLC), Loan Agreement (Stanley-Martin Communities, LLC)

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Conditions to Closing and Initial Extensions of Credit. The obligation of the Lenders to make the initial Extensions of Credit hereunder Initial Term Loans is subject to the satisfaction of each of the following conditions:

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Beacon Roofing Supply Inc), Term Loan Credit Agreement (Beacon Roofing Supply Inc)

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