Common use of Conditions to Initial Loans and Letters of Credit Clause in Contracts

Conditions to Initial Loans and Letters of Credit. The obligation of each Lender to fund (or convert) its Proportionate Share of the Term Loans and the initial Revolving Loans, and the obligation of the Agent to cause the Issuing Bank to issue the initial Letters of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Perry-Judds Inc)

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Conditions to Initial Loans and Letters of Credit. The obligation of each Lender to fund (or convert) its Term Loan and its Proportionate Share of the Term Loans and the initial Revolving LoansLoan, and the obligation of the Agent to cause the Issuing Bank to issue the initial Letters Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Mobile Mini Inc)

Conditions to Initial Loans and Letters of Credit. The obligation of each Lender to fund (or convert) its Proportionate Share of the Term Loans and the initial Revolving Loans, Loan and the obligation of the Agent to cause the Issuing Bank to issue be issued the initial Letters Letter of Credit, Credit is subject to the satisfaction or waiver of the following conditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Spinnaker Industries Inc)

Conditions to Initial Loans and Letters of Credit. The obligation of each Lender to fund (its initial Loan or convert) its Proportionate Share of the Term Loans and the initial Revolving Loans, and the obligation of the Agent to cause the Issuing Bank Lender to issue the initial Letters Letter of Credit, Credit is subject to the satisfaction or waiver of the following conditions precedent, all in form and substance satisfactory to the Agent, the Documentation Agent and all the Lenders on or prior to the Initial Borrowing Date: (a) The Agent shall have received:

Appears in 1 contract

Samples: Secured Revolving and Term Loan Agreement (American Residential Services Inc)

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Conditions to Initial Loans and Letters of Credit. The obligation of each Lender to fund (or convert) its Proportionate Share of the Term Loans and the initial Revolving Loans, and the obligation of the Agent to cause the Issuing Bank to issue the initial Letters Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedentprecedent on or before January 31, 1998:

Appears in 1 contract

Samples: Credit Agreement (Aerosol Services Co Inc)

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