Common use of Conditions to the Initial Advances Clause in Contracts

Conditions to the Initial Advances. Lender shall not be obligated to make any Advance or incur any Letter of Credit Obligations on the Closing Date, or to take, fulfill, or perform any other action hereunder, until the following conditions have been satisfied or provided for in a manner reasonably satisfactory to Lender, or waived in writing by Xxxxxx:

Appears in 4 contracts

Samples: Credit Agreement (Universal Technical Institute Inc), Credit Agreement (Thorne Healthtech, Inc.), Credit Agreement (Universal Technical Institute Inc)

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Conditions to the Initial Advances. Lender shall not be obligated to make any Advance or incur any Letter of Credit Obligations on the Closing Date, or to take, fulfill, or perform any other action hereunder, until the following conditions have been satisfied or provided for in a manner reasonably satisfactory to Lender, or waived in writing by XxxxxxLender:

Appears in 3 contracts

Samples: Credit Agreement (Universal Technical Institute Inc), Credit Agreement (M-Tron Industries, Inc.), Credit Agreement (LGL Group Inc)

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