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

Conditions to Initial Revolving Credit Loans. The obligation of the Lender to make Revolving Credit Loans on the Closing Date is subject to the satisfaction, immediately prior to or concurrently with the making of such Revolving Credit Loan, of the following conditions precedent, in addition to the conditions precedent set forth in Section 5.02 hereof:

Appears in 2 contracts

Samples: Credit Agreement (Black Box Corp), Credit Agreement (Black Box Corp)

AutoNDA by SimpleDocs

Conditions to Initial Revolving Credit Loans. The obligation of the Lender to make Revolving Credit Loans or to issue Letters of Credit on the Closing Date is subject to the satisfaction, immediately prior to or concurrently with the making of such Revolving Credit LoanLoan or the issuance of Letters of Credit, of the following conditions precedent, in addition to the conditions precedent set forth in Section 5.02 hereof:

Appears in 1 contract

Samples: Omnibus Credit Facility Agreement (Black Box Corp)

Conditions to Initial Revolving Credit Loans. The obligation agreement of the each Lender to make Revolving the initial Loan requested to be made by it and the agreement of the Issuing Lender to issue the initial Letter of Credit Loans on the Closing Date hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Revolving Credit LoanLoan on the Closing Date, of the following conditions precedent, in addition to unless waived by the conditions precedent set forth in Section 5.02 hereofLenders existing as of the Closing Date:

Appears in 1 contract

Samples: Credit Agreement (Universal Hospital Services Inc)

AutoNDA by SimpleDocs

Conditions to Initial Revolving Credit Loans. The obligation agreement of the each Lender to make the initial Revolving Credit Loans on the Closing Date Loan requested to be made by it is subject to the satisfaction, immediately prior to or concurrently with the making of such Revolving Credit LoanLoan on the Closing Date (which shall occur no later than September __, 1995) of the following conditions precedent, in addition to the conditions precedent set forth in Section 5.02 hereof:

Appears in 1 contract

Samples: Credit Agreement (Brown Tom Inc /De)

Time is Money Join Law Insider Premium to draft better contracts faster.