Common use of Conditions to the Closing and the Initial Funding Clause in Contracts

Conditions to the Closing and the Initial Funding. The Closing Date shall not occur and no Lender shall be obligated to make an Advance hereunder on the occasion of the Initial Funding, nor shall any Lender, the Deal Agent, the Liquidity Agent, the Backup Servicer or the Collateral Agent be obligated to take, fulfill or perform any other action hereunder, until (i) in the case of the Closing Date, the conditions set forth in clauses (a)(i) (other than with respect to the Hedging Agreements), (d), (e), (f) and (j) and (ii) in the case of the Initial Funding, all of the following conditions, after giving effect to the proposed Advance, in each case, have been satisfied, in the sole discretion of, or waived in writing by, the Deal Agent:

Appears in 4 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corporation)

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Conditions to the Closing and the Initial Funding. The Closing Date shall not occur and no the Lender shall not be obligated to make an Advance a Revolving Loan hereunder on the occasion of the Initial Funding, nor shall any the Lender, the Deal Agent, the Liquidity Agent, the Backup Servicer Agent or the Collateral Agent be obligated to take, fulfill or perform any other action hereunder, until (i) in the case of the Closing Date, the conditions set forth in clauses (a)(i) (other than with respect to the Hedging Agreements), (d), (e), (f) and (jf) and (ii) in the case of the Initial Funding, all of the following conditions, after giving effect to the proposed AdvanceRevolving Loan, in each case, have been satisfied, in the sole discretion of, or waived in writing by, the Deal Agent:

Appears in 3 contracts

Samples: Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp), Loan and Security Agreement (Credit Acceptance Corp)

Conditions to the Closing and the Initial Funding. The Closing Date shall not occur and no Lender shall be obligated to make an Advance hereunder on the occasion of the Initial Funding, nor shall any Lender, the Deal Agent, the Liquidity Agent, the Backup Servicer or the Collateral Agent be obligated to take, fulfill or perform any other action hereunder, until (i) in the case of the Closing Date, the conditions set forth in clauses (a)(i) (other than with respect to the Hedging Agreements), (b), (c), (d), (e), (f) and (j) and (ii) in the case of the Initial Funding, all of the following conditions, after giving effect to the proposed Advance, in each case, have been satisfied, in the sole discretion of, or waived in writing by, the Deal Agent:

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corporation)

Conditions to the Closing and the Initial Funding. The Closing Date shall not occur and no Lender the Lenders shall not be obligated to make an Advance a Revolving Loan hereunder on the occasion of the Initial Funding, nor shall any Lenderthe Lenders, the Deal Agent, the Liquidity any Managing Agent, the Backup Servicer or the Collateral Agent be obligated to take, fulfill or perform any other action hereunder, until (i) in the case of the Closing Date, the conditions set forth in clauses (a)(i) a), (other than with respect to the Hedging Agreementsb), (c), (d), (e), (f), (i) (if the Hedging Agreement is entered into as of the Closing Date) and (j) and (ii) in the case of the Initial Funding, all of the following conditions, after giving effect to the proposed AdvanceRevolving Loan, in each case, have been satisfied, in the sole discretion of, or waived in writing by, the Deal Agent and each Managing Agent:

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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Conditions to the Closing and the Initial Funding. The Closing Date shall not occur and no the Lender shall not be obligated to make an Advance a Revolving Loan hereunder on the occasion of the Initial Funding, nor shall any the Lender, the Deal Agent, the Liquidity Agent, the Backup Servicer or the Collateral Agent be obligated to take, fulfill or perform any other action hereunder, until (i) in the case of the Closing Date, the conditions set forth in clauses (a)(i) (other than with respect to the Hedging Agreements), (d), (e), (f) and (j) and (ii) in the case of the Initial Funding, all of the following conditions, after giving effect to the proposed AdvanceRevolving Loan, in each case, have been satisfied, in the sole discretion of, or waived in writing by, the Deal Agent:

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Acceptance Corp)

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