Conditions to Effectiveness and the Initial Advance. The effectiveness of this Agreement and the obligation of the Lenders to make the initial Advance (if any) under the Revolving Credit Facility, and of the Issuing Banks to issue Letters of Credit (if any) on the Closing Date, is subject to the conditions precedent that the Administrative Agent shall have received on the Closing Date, in form and substance satisfactory to the Administrative Agent, the following:
Appears in 3 contracts
Samples: Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.), Letter Agreement (Autonation, Inc.)
Conditions to Effectiveness and the Initial Advance. The effectiveness of this Agreement and the obligation of the Lenders to make the initial Advance (if any) under the Revolving Credit Facility, and of the Issuing Banks to issue Letters of Credit (if any) on the Closing Date, is subject to the conditions precedent that the Administrative Agent shall have received on the Closing Date, in form and substance satisfactory to the Administrative Agent, the following:
Appears in 2 contracts
Samples: Credit Agreement (Autonation, Inc.), Credit Agreement (Autonation, Inc.)
