Common use of Effectiveness and Initial Extension of Credit Clause in Contracts

Effectiveness and Initial Extension of Credit. The effectiveness of the Credit Documents and the obligation of the Lenders to make any initial extension of credit hereunder (whether by making a Loan or issuing a Letter of Credit) is subject to the satisfaction of the conditions precedent that:

Appears in 3 contracts

Samples: Credit Agreement (Pricellular Corp), Security Agreement (Centennial Cellular Corp), Credit Agreement (Atrium Companies Inc)

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Effectiveness and Initial Extension of Credit. The --------------------------------------------- effectiveness of the Credit Documents and the obligation of the Lenders to make any initial extension of credit hereunder (whether by making a Loan or issuing a Letter of Credit) is subject to the satisfaction of the conditions precedent that:

Appears in 1 contract

Samples: Credit Agreement (Tmil Corp)

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Effectiveness and Initial Extension of Credit. The ---------------------------------------------- effectiveness of this Amended and Restated Credit Agreement and the other Credit Documents and the obligation of the Lenders to make any initial extension of credit hereunder (whether by making a Loan or issuing a Letter of Credit) is subject to the satisfaction of the conditions precedent that:

Appears in 1 contract

Samples: Credit Agreement (Princess Beverly Coal Holding Co Inc)

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