Common use of Conditions to Initial Revolving Credit Loan Clause in Contracts

Conditions to Initial Revolving Credit Loan. The obligation of the Lenders to make the initial extension of credit to the Borrower hereunder is subject to the satisfaction of the following conditions precedent:

Appears in 3 contracts

Samples: Credit Agreement (Nu Horizons Electronics Corp), Credit Agreement (Nu Horizons Electronics Corp), Credit Agreement (Nu Horizons Electronics Corp)

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Conditions to Initial Revolving Credit Loan. The obligation of the Lenders Bank to make the initial extension of credit Revolving Credit Loan to the Borrower hereunder is subject to the satisfaction of the following conditions precedent:: (a)

Appears in 2 contracts

Samples: Loan Agreement (Chyron Corp), Loan Agreement (Chyron Corp)

Conditions to Initial Revolving Credit Loan. The obligation Without limiting Section 2 of the Lenders to make this Agreement, the initial extension of credit to the Borrower Borrowers hereunder is subject to the satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Industrial Enterprises of America, Inc.)

Conditions to Initial Revolving Credit Loan. The obligation of the ------------------------------------------- Lenders to make the initial extension of credit to the Borrower hereunder is subject to the satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Nu Horizons Electronics Corp)

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Conditions to Initial Revolving Credit Loan. The obligation of the ------------------------------------------- Lenders to make the initial extension of credit Revolving Credit Loans to the Borrower hereunder is subject to the satisfaction of the following conditions precedent:

Appears in 1 contract

Samples: Loan Agreement (Nu Horizons Electronics Corp)

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