Conditions to the Extension of Credit Sample Clauses

Conditions to the Extension of Credit. Section 3.01 Conditions Precedent to Initial Extension of Credit 58 Section 3.02 Conditions to All Extensions of Credit 59
Sample 1
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Conditions to the Extension of Credit. The obligation of the L/C Provider to cause the issuance of any Letter of Credit (or to execute and deliver any Cash Collateral Agreement) shall be subject to (a) the L/C Provider’s receipt of the Borrower’s Request for Issuance (or similar request given in connection with a previously executed and delivered Cash Collateral Agreement), (b) no Lease Event of Default or Event of Loss, and no event that with the passage of time or giving of notice or both would constitute a Lease Event of Default or Event of Loss, shall have occurred and be continuing under the Operative Documents, and (c) the Borrower shall not be in default with respect to its obligations under this Agreement, including without limitation its payment obligations under Section 2.06 and Section 4.01 hereof; provided further , however, that if the Borrower shall not have paid in full on any Rent Payment Date (as defined in the Depositary Agreement) the amounts that would otherwise have been due and payable under Section 2.06 or Section 4.01 on or before such date but for the terms of the Depositary Agreement, then the condition precedent in this clause (c) shall not have been satisfied.
Sample 1
Conditions to the Extension of Credit. The agreement of the Lender to make the 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, provided that the Lender may waive any of the following conditions precedent as it may determine in its sole discretion:
Sample 1
Conditions to the Extension of Credit 
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Related to Conditions to the Extension of Credit

  • 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:

  • 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 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 The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

  • 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 Precedent to the Initial Extension of Credit The obligation of each Lender to make its initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Agent and each Lender of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Conditions to Initial Credit Extension The obligation of each Lender to make a Credit Extension hereunder on the Closing Date is subject to satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent:

  • Initial Extension of Credit The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that prior thereto Lender shall have received all of the documents set forth below in form and substance satisfactory to Lender.

  • Conditions to Credit Extensions SECTION 4.01. Conditions to Initial Credit Extension........................62 SECTION 4.02. Conditions to All Credit Extensions...........................67 ARTICLE V

  • Conditions to Each Credit Extension The obligation of each Lender to make any Credit Extension (other than the conversion or continuation of a Loan) on any Credit Date, including the Closing Date (except as otherwise specified), is subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions precedent:

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