Conditions to Initial Loans and L/Cs Sample Clauses

Conditions to Initial Loans and L/Cs. The agreement of each Bank to make its initial Loan hereunder and of Fleet to maintain L/Cs on the Closing Date shall be subject to the satisfaction, immediately prior to or concurrently with the making of such Loan or the issuance or deemed issuance of any such L/C, of each of the following conditions precedent: 56 50
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Conditions to Initial Loans and L/Cs. The agreement of each Bank to make its initial Loan hereunder and of Fleet to maintain L/Cs on the Closing Date shall be subject to the satisfaction, immediately prior to or concurrently with the making of such Loan or the issuance or deemed issuance of any such L/C, of each of the following conditions precedent: (a) Tender Offer and Merger. The Tender Offer shall have been consummated in accordance with the Merger Agreement without any waiver or amendment of any term or condition therein not consented to by the Banks and in compliance with all applicable laws and necessary approvals. The Banks shall be satisfied that the restrictions in Section 203 of the Delaware General Corporation Law, any other applicable state takeover law and any supermajority charter provisions are not applicable to the Merger or that any conditions for avoiding the restrictions set forth therein have been satisfied. (b)

Related to Conditions to Initial Loans and L/Cs

  • Conditions to Initial Loans The agreement of each Lender to make Loans hereunder and the effectiveness of this Agreement is subject to the satisfaction, prior to or on the Closing Date, of the following conditions precedent, which conditions precedent apply to and shall be satisfied by the Borrower:

  • Conditions to Initial Loan The obligation of each Bank to make its initial Loan hereunder is subject to the satisfaction of the following conditions precedent:

  • Conditions Precedent to Initial Loans and Letters of Credit The obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject to the satisfaction or due waiver in accordance with Section 11.1 (

  • Conditions to Initial Advances The agreement of Lenders to make the initial Advances requested to be made on the Closing Date is subject to the satisfaction, or waiver by Agent, immediately prior to or concurrently with the making of such Advances, of the following conditions precedent:

  • Conditions to Initial Extensions of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, immediately prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • Conditions to Initial Borrowing The obligation of each Lender to extend credit to the Borrower and of each Issuing Bank to issue Letters of Credit hereunder on the Closing Date is subject only to the satisfaction, or waiver in accordance with Section 11.01, of each of the following conditions precedent, except as otherwise agreed between the Borrower and the Required Lenders:

  • Conditions Precedent to Initial Loans In addition to the conditions set forth in Section 6.2, Lenders shall not be required to fund any requested Loan, issue any Letter of Credit, or otherwise extend credit to Borrowers hereunder, until the date (“Closing Date”) that each of the following conditions has been satisfied:

  • Conditions to Initial Advance Lenders will have no obligation to fund the initial Revolving Loan Advance or any subsequent Revolving Loan Advance unless:

  • Conditions to Initial Extension of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • Conditions Precedent to Initial Loans and Letter of Credit Accommodations Each of the following is a condition precedent to Lender making the initial Loans and providing the initial Letter of Credit Accommodations hereunder:

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