Common use of Conditions to Initial Extension of Credit Clause in Contracts

Conditions to Initial Extension of Credit. The obligation of each Lender to make its initial extension of credit hereunder shall be subject to the satisfaction or waiver, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent, provided that such conditions have been satisfied (or otherwise waived by the Administrative Agent and all of the Lenders) on or before May 20, 2021 (and if the following conditions are not satisfied, all commitments and obligations to extend credit hereunder shall terminate):

Appears in 4 contracts

Samples: Credit Agreement (Accuray Inc), Credit Agreement (Accuray Inc), Credit Agreement (Accuray Inc)

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Conditions to Initial Extension of Credit. The Except as set forth in Section 5.3, the effectiveness of this Agreement and the obligation of each Lender to make its initial extension of credit hereunder shall be subject to the satisfaction or waiver, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent, provided that such conditions have been satisfied : (or otherwise waived by the Administrative Agent and all of the Lenders) on or before May 20, 2021 (and if the following conditions are not satisfied, all commitments and obligations to extend credit hereunder shall terminate):a)

Appears in 3 contracts

Samples: Credit Agreement (Pagaya Technologies Ltd.), 97570842v91 Credit Agreement (Pagaya Technologies Ltd.), Credit Agreement (Pagaya Technologies Ltd.)

Conditions to Initial Extension of Credit. The obligation of each Lender the Lenders to make its any initial extension of credit hereunder shall be (whether by making a Loan or issuing a Letter of Credit) is subject to the satisfaction of the conditions precedent that the Effective Date shall have occurred (or shall occur simultaneously therewith) and to the satisfaction of the additional conditions precedent that (the date of the satisfaction (or waiver, prior ) of all of the conditions to or concurrently with the making of such initial extension of credit on in this Section 7.02, the Closing Date, of the following conditions precedent, provided that such conditions have been satisfied (or otherwise waived by the Administrative Agent and all of the Lenders) on or before May 20, 2021 (and if the following conditions are not satisfied, all commitments and obligations to extend credit hereunder shall terminate"CLOSING DATE"):

Appears in 1 contract

Samples: Credit Agreement (Quest Diagnostics Inc)

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Conditions to Initial Extension of Credit. The obligation of each Lender to make its the initial extension of credit hereunder shall be subject to the satisfaction or waiver, prior to or concurrently with the making of such extension of credit on the Closing DateDate is subject to the satisfaction, or waiver in accordance with Section 11.1, of the following conditions precedent, provided that such conditions have been satisfied (or otherwise waived by the Administrative Agent and all of the Lenders) on or before May 20, 2021 (and if the following conditions are not satisfied, all commitments and obligations to extend credit hereunder shall terminate)::

Appears in 1 contract

Samples: Credit Agreement (Del Frisco's Restaurant Group, LLC)

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