Conditions to Extending Credit. The obligations of the Lenders to make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Closing Date for such extension of credit, of the conditions set forth in this Section 5.2.
Conditions to Extending Credit. 41 5.1. Conditions on Initial Closing Date...............................41 5.2. Conditions to Each Extension of Credit...........................42 6.
Conditions to Extending Credit. 42 5.1. Conditions on Initial Closing Date................................................42 5.2. Conditions to Each Extension of Credit............................................45
Conditions to Extending Credit. 28 5.1. Conditions on Initial Closing Date on the Revolving Loan.......................................28 5.1.1. Revolving Notes.......................................................................28 5.1.2. Payment of Fee........................................................................28 5.1.3. Security Agreement....................................................................28 5.2. The Mortgage Loan..............................................................................28 5.3. Conditions to Making Each Permitted Acquisition Advance........................................28 5.3.1. Permitted Acquisition.................................................................28 5.3.2. Notes and Credit Documents; Merger....................................................29 5.4. Conditions to Each Extension of Credit.........................................................30 5.4.1. Officer's Certificate.................................................................30 5.4.2. Legality, etc.........................................................................30 5.4.3. Proper Proceedings....................................................................30 5.4.4. General...............................................................................30 6.
Conditions to Extending Credit. 9 5.1. Officer's Certificate........................................9 5.2. Note.........................................................9 5.3. Legal Opinion................................................9 5.4. Guarantee and Security Agreement.............................9 5.5. Perfection of Security.......................................9 5.6. Fees.........................................................9 5.7.
Conditions to Extending Credit. As conditions precedent to the obligation of the Bank to make any Loan and to issue any Letter of Credit:
Conditions to Extending Credit. 31 5.1. Conditions on Initial Closing Date.............................................................32 5.1.1. Officer's Certificate..................................................................32 5.1.2. Revolving Notes........................................................................32 5.1.3. Commitment Fee.........................................................................32 5.1.4. Legal Opinions.........................................................................32 5.1.5. [Reserved].............................................................................32 5.1.6. Maine Public Utilities Commission......................................................32 5.1.7. Proper Proceedings.....................................................................33 5.1.8. General................................................................................33 5.2. Conditions to Each Extension of Credit.........................................................33 5.2.1. Bring-Down of Representations and Warranties...........................................33 5.2.2. Material Adverse Change................................................................33 5.2.3. Legality, etc..........................................................................34 6.
Conditions to Extending Credit. The obligations of the Lenders to make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Initial Closing Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Initial Closing Date, the Lenders shall have no obligation to make any extensions of credit hereunder. . The representations and warranties contained in Section 7 shall be true and correct on and as of the Initial Closing Date with the same force and effect as though made on and as of such date (except as to any representation or warranty which is limited to a specific earlier date); no Default shall exist on the Initial Closing Date; and the Company shall have furnished to the Managing Agents a certificate to these effects in substantially the form of Exhibit 5.1.1, signed by a Financial Officer. . The Company shall have duly executed and delivered to the New York Managing Agent a 364-Day Revolving Note for each Lender. . The Company shall have paid to the New York Managing Agent for the accounts of the Lenders in accordance with their respective Percentage Interest the sum of $12,500. . On the Initial Closing Date, the Lenders shall have received from the following counsel their respective opinions with respect to the transactions contemplated by the Credit Documents, which opinions shall be in form and substance satisfactory to the Required Lenders:
Conditions to Extending Credit. 44 5.1. Conditions on Initial Closing Date................................ 44 5.1.1. Notes...................................................... 44 5.1.2. Guarantors Contribution Agreement.......................... 45 5.1.3. Subsidiary Subordination Agreement......................... 45 5.1.4.
Conditions to Extending Credit. The Lender may extend credit hereunder IN ITS SOLE AND ABSOLUTE DISCRETION, and in addition would expect satisfaction of the following further conditions, on or before the Closing Date therefor:
