Common use of Conditions to the Initial Advance and Initial Letter of Credit Clause in Contracts

Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Loan and the issuance of the initial Letter of Credit is subject to the fulfillment on or before the Closing Date of the following conditions precedent in a manner satisfactory in form and substance to the Lender and its counsel:

Appears in 3 contracts

Samples: Financing and Security Agreement (ARGON ST, Inc.), Financing and Security Agreement (Pec Solutions Inc), Financing and Security Agreement (Pec Solutions Inc)

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Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Loan Loans and the issuance of the initial Letter of Credit is subject to the fulfillment on or before the Closing Date of the following conditions precedent in a manner satisfactory in form and substance to the Lender and its counsel:

Appears in 2 contracts

Samples: Financing and Security Agreement (Versar Inc), Financing and Security Agreement (Polk Audio Inc)

Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Loan Loans and the issuance of the initial Letter of Credit is and the initial Bond Letter of Credit are subject to the fulfillment on or before the Closing Date of the following conditions precedent in a manner reasonably satisfactory in form and substance to the Lender Agent and its counsel:

Appears in 2 contracts

Samples: Financing and Security Agreement (BPC Holding Corp), Financing and Security Agreement (BPC Holding Corp)

Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Revolving Loan and the issuance of the initial Letter of Credit is subject to the fulfillment on or before the Closing Date of the following conditions precedent in a manner satisfactory in form and substance to the Lender and its counsel:

Appears in 2 contracts

Samples: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)

Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Loan Loans and the issuance of the initial Letter of Credit is subject to the fulfillment on or before the Closing Date of the following conditions precedent in a manner satisfactory in form and substance to the Lender Agent and its counsel:

Appears in 2 contracts

Samples: Business Loan and Security Agreement (Vse Corp), Financing and Security Agreement (First Alert Inc)

Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Loan Loans and the issuance of the initial Letter of Credit is and the initial Bond Letter of Credit are subject to the fulfillment on or before the Closing Date date of this Agreement of the following conditions precedent in a manner reasonably satisfactory in form and substance to the Lender Agent and its counsel:

Appears in 2 contracts

Samples: Financing and Security Agreement (BPC Holding Corp), Financing and Security Agreement (BPC Holding Corp)

Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Loan and the issuance of the initial Letter of Credit is subject to the fulfillment on or before the Closing Date of the following conditions precedent in a manner satisfactory in form and substance to the Lender and its counsel:

Appears in 1 contract

Samples: Financing and Security Agreement (Spacehab Inc \Wa\)

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Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Loan and the issuance of the initial Letter of Credit is subject to the fulfillment on or before the Closing Date of the following conditions precedent in a manner satisfactory in form and substance to the Lender Agent and its counsel:

Appears in 1 contract

Samples: Financing and Security Agreement (O Ray Holdings Inc)

Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Loan Loans and the issuance of the initial Letter of Credit is subject to the fulfillment on or before the Closing Date of the following conditions precedent in a manner satisfactory in form and substance to the Lender and its counselon or before the Closing Date:

Appears in 1 contract

Samples: Financing and Security Agreement (Dispatch Management Services Corp)

Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Revolving Loan and the issuance of the initial Letter of Credit is subject to the fulfillment on or before the Closing Date of the following conditions precedent in a manner satisfactory in form and substance to the Lender and its counselcounsel in their reasonable discretion:

Appears in 1 contract

Samples: Financing and Security Agreement (Liquidity Services Inc)

Conditions to the Initial Advance and Initial Letter of Credit. The making of the initial advance under the Loan Loans and the issuance of the initial Letter of Credit is subject to the fulfillment on or before the Closing Date of the following conditions precedent in a manner satisfactory in form and substance to the Lender and its counselLender:

Appears in 1 contract

Samples: Financing and Security Agreement (Kimberton Enterprises Inc)

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