Common use of Failure to Satisfy Conditions Precedent Clause in Contracts

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the provisions of this Loan Agreement, and such funds are not made available to the Borrowers by the Administrative Agent because the conditions to the applicable Loan set forth in Sections 11 and 12 are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Credit Agreement (TAL International Group, Inc.)

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Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Loan AgreementSection 2, and such funds are not made available to the Borrowers Borrower by 4823-2057-1839.3 the Administrative Agent because the conditions to the applicable Loan Credit Extension set forth in Sections 11 and 12 Section 7 are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Credit Agreement (Panhandle Oil & Gas Inc)

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Loan AgreementArticle II, and such funds are not made available to the Borrowers Borrower by the Administrative Agent 1204724.01-CHISR02A - MSW CHAR1\1886837v5 because the conditions to the applicable Loan Credit Extension set forth in Sections 11 and 12 Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Credit Agreement (SP Plus Corp)

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Loan AgreementArticle II, and such funds are not made available to the Borrowers Borrower by the Administrative Agent because the conditions to the applicable Loan set forth in Sections 11 and 12 Section 4.01 or Section 2.12, as the case may be, are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall promptly return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Credit Agreement (Diamond Foods Inc)

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Loan Section V of this Agreement, and such funds are not made available to the Borrowers Contran by the Administrative Agent because the conditions to the applicable Loan credit extension set forth in Sections 11 and 12 Section VII are not satisfied or waived in accordance with the terms hereofof this Agreement, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Credit Agreement (Contran Corp)

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Loan AgreementArticle II, and such funds are not made available to the Borrowers applicable Borrower by the Administrative Agent because the conditions to the applicable Loan Credit Extension set forth in Sections 11 and 12 Article V are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.. #95484613v795537764v17

Appears in 1 contract

Samples: Incremental Joinder (SS&C Technologies Holdings Inc)

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender to any Borrower as provided in the foregoing provisions of this Loan AgreementArticle II, and such funds are not made available to the Borrowers such Borrower by the Administrative Agent because the conditions to the applicable Loan Loans or L/C Cre di t Ex te nsi on set forth in Sections 11 and 12 Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Credit Agreement (American Outdoor Brands Corp)

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender to any Borrower as provided in the foregoing provisions of this Loan AgreementArticle II, and such funds are not made available to the Borrowers such Borrower by the Administrative Agent because the conditions to the applicable Loan Credit Extension set forth in Sections 11 and 12 42 Lululemon Credit Agreement Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Lululemon Athletica Inc.)

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Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Loan AgreementArticle II, and such funds are not made available to the Borrowers Borrower by the Administrative Agent because the applicable conditions to the applicable Loan Credit Extension set forth in Sections 11 and 12 Article V are not satisfied or waived in accordance CHAR1\1533762v5 with the terms hereof, the Administrative Agent promptly shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Credit Agreement (Ciner Resources LP)

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing CHAR1\1753066v5 provisions of this Loan Agreement, and such funds are not made available to the Borrowers applicable Borrower by the Administrative Agent because the conditions to the applicable Loan Extension of Credit set forth in Sections 11 and 12 Article V are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender Xxxxxx as provided in the foregoing provisions 49 CHAR1\1967948v4 of this Loan AgreementArticle II, and such funds are not made available to the Borrowers Borrower by the Administrative Agent because the conditions to the applicable Loan Credit Extension set forth in Sections 11 and 12 Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent promptly shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Credit Agreement (Biogen Inc.)

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the provisions of this Loan Credit Agreement, and such funds are not made available to the Borrowers by the Administrative Agent because the conditions to the applicable Loan set forth in Sections 11 and 12 are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Credit Agreement (TAL International Group, Inc.)

Failure to Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Loan Agreement§2, and such funds are not made available to the Borrowers Borrower by the Administrative Agent because the conditions to the applicable making of such Loan set forth in Sections 11 and 12 §00 xx §00, as applicable, are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest.

Appears in 1 contract

Samples: Revolving Credit Agreement (Timberland Co)

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