Conditions to Revolving Facility and Term Loan Sample Clauses

Conditions to Revolving Facility and Term Loan. Before the continuation of the Revolving Facility under this Agreement and the making of the Term Loan: (a) The Collateral Agreements; (b) All Collateral, if any, in which Bank wishes 29 to have a possessory security interest, except for the Caratti stock, which shall be delivered as soon as issued, but in no event later than 45 days after the date hereof; (c) Financing statements, fixture filings with respect to the real properties commonly known as 3100 Xxxx Xxxxxxxxxx Xxxxxx, Xxxxx Xxx, Xxxxxxxxxx, xxd 2330 Xxxxx Xxxx Xxxxxx, Xxxxx Xxx, Xxxxxxxxxx (collectively, the "Santa Ana Xxxperty"), assignments, notices and such other documentation as Bank may reasonably request to perfect Bank's security interest in the Collateral; (d) Evidence that the security interests and liens in favor of Bank are valid, enforceable and prior to the rights and interests of others except those consented to in writing by Bank; (e) Continuing Cross-Guaranty of GT and all U.S. Subsidiaries of GT in favor of Bank, guarantying all amounts owing hereunder and any extensions of credit by Bank or any of its affiliates to any Borrower and Caratti; (f) Evidence that the execution, delivery, and performance by each Borrower of this Agreement and the execution, delivery, and performance by each Borrower and any guarantor of any instrument or agreement 30 required under this Agreement, as appropriate, have been duly authorized; (g) Evidence that Borrowers have obtained the insurance coverage required under Article 8 of this Agreement; (h) Evidence that GTBC has acquired all the issued and outstanding capital stock of Caratti; (i) All representations and warranties, including without limitation, all financial and business information previously delivered or conveyed to Bank shall have been true and correct in all material respects.
Sample 1
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Related to Conditions to Revolving Facility and Term Loan

  • Additional Conditions to Revolving Loans If a Revolving Loan is requested, all conditions set forth in Section 2.1 shall have been satisfied.

  • 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 ALL BORROWINGS The obligations of the Lenders to make any Loan or issue any Letter of Credit, whether on or after the Closing Date, shall also be subject to the satisfaction of the following conditions precedent:

  • 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:

  • Provisions Related to Extended Revolving Credit Commitments If the maturity date shall have occurred in respect of any tranche of Revolving Credit Commitments at a time when another tranche or tranches of Revolving Credit Commitments is or are in effect with a longer maturity date, then on the earliest occurring maturity date all then outstanding Swing Line Loans shall be repaid in full on such date (and there shall be no adjustment to the participations in such Swing Line Loans as a result of the occurrence of such maturity date); provided, however, that if on the occurrence of such earliest maturity date (after giving effect to any repayments of Revolving Credit Loans and any reallocation of Letter of Credit participations as contemplated in Section 2.03(l)), there shall exist sufficient unutilized Extended Revolving Credit Commitments so that the respective outstanding Swing Line Loans could be incurred pursuant the Extended Revolving Credit Commitments which will remain in effect after the occurrence of such maturity date, then there shall be an automatic adjustment on such date of the participations in such Swing Line Loans and the same shall be deemed to have been incurred solely pursuant to the relevant Extended Revolving Credit Commitments, and such Swing Line Loans shall not be so required to be repaid in full on such earliest maturity date.

  • Conditions to Each Extension of Credit The agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent:

  • Conditions to Each Credit Event The obligation of each Lender to make a Loan on the occasion of any Borrowing and of each Issuing Bank to issue, amend, renew or extend any Letter of Credit is subject to Section 2.26(c) and the satisfaction of the following conditions: (a) at the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default or Event of Default shall exist; (b) at the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, all representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct in all material respects, unless such representation or warranty expressly relates to an earlier date, in which case such representation or warranty shall be true and correct in all material respects as of such earlier date (other than those representations and warranties that are expressly qualified by a Material Adverse Effect or other materiality, in which case such representations and warranties shall be true and correct in all respects); and (c) the Borrower shall have delivered the required Notice of Borrowing. Each Borrowing and each issuance, amendment, renewal or extension of any Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in subsections (a) and (b) of this Section. Notwithstanding the foregoing, the incurrence of Incremental Commitments and the initial borrowing of Incremental Term Loans (but not Revolving Loans) thereunder shall be subject solely to the conditions set forth in Section 2.23.

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • Conditions Precedent to Initial Extension of Credit Before the first extension of credit under this agreement, whether by disbursement of a loan, issuance of a letter of credit, the funding of a Lease or otherwise, the Borrower shall deliver to the Bank, in form and substance satisfactory to the Bank:

  • Conditions to All Extensions of Credit The obligation of each Lender to make any Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent on the date of making such Extension of Credit:

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