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 its Proportionate Share of the initial Loan and the obligation of the Agent to cause to be issued the initial Letter of Credit is subject to the satisfaction of the following conditions precedent:

Appears in 2 contracts

Samples: Credit Agreement (Spinnaker Industries Inc), Credit Agreement (Spinnaker Industries Inc)

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

Appears in 2 contracts

Samples: Credit Agreement (Lynch Corp), Credit Agreement (Safety 1st Inc)

Conditions to Initial Loans and Letters of Credit. The obligation of each Lender to fund its Term Loan and its Proportionate Share of the initial Loan Revolving Loan, and the obligation of the Agent to cause the Issuing Bank to be issued issue the initial Letter of Credit 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 Loan Revolving Loans, and the obligation of the Agent to cause the Issuing Bank to be issued issue the initial Letter Letters of Credit 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 its Proportionate Share of the initial Loan Revolving Loans, and the obligation of the Agent to cause the Issuing Bank to be issued issue the initial Letter of Credit 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)

Conditions to Initial Loans and Letters of Credit. The obligation of each Lender to fund its Proportionate Share of the initial Loan and or the obligation of the Agent Issuing Lender to cause to be issued issue the initial Letter of Credit is subject to the satisfaction 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:

Appears in 1 contract

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

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