Conditions to Initial Borrowing. The obligations of Lenders to make the initial Borrowing and of Issuing Bank to issue the initial LC is subject to satisfaction of the following conditions precedent on or before the Closing Date:
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Samples: Credit Agreement (Innkeepers Usa Trust/Fl), Credit Agreement (Innkeepers Usa Trust/Fl), Credit Agreement (American Industrial Properties Reit Inc)
Conditions to Initial Borrowing. The obligations of Lenders to make the initial Borrowing and of Issuing Bank Administrative Agent to issue the initial LC is subject to satisfaction of the following conditions precedent on or before the Closing Date:
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