Common use of Failure to Satisfy Conditions Precedent Clause in Contracts

Failure to Satisfy Conditions Precedent. If any Bank makes available to the Agent funds for any Loan to be made by such Bank as provided in §§2 and 3 above, and such funds are not made available to the Borrower by the Agent because the conditions applicable to advance of funds for such Loan set forth in §§12 and 13 are not satisfied or waived in accordance with the terms hereof, the Agent shall return such funds (in like funds as received from such Bank) to such Bank, without interest.

Appears in 5 contracts

Samples: Credit Agreement (Boston Properties LTD Partnership), Credit Agreement (Boston Properties LTD Partnership), Credit Agreement (Boston Properties LTD Partnership)

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Failure to Satisfy Conditions Precedent. If any Bank makes available to the any applicable Agent funds for any Loan to be made by such Bank to any Borrower as provided in the foregoing provisions of §§2 and 3 above2, and such funds are not made available to the such Borrower by the such Agent because the conditions to the applicable to advance of funds for such Loan credit extension set forth in §00 xxx/xx §12 and 13 00, as applicable, are not satisfied or waived in accordance with the terms hereof, the applicable Agent shall return such funds (in like funds as received from such Bank) to such BankBank in a timely manner, without interest.

Appears in 3 contracts

Samples: Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc), Global Revolving Credit Agreement (Ryder System Inc)

Failure to Satisfy Conditions Precedent. If any Bank makes available to the Agent funds for any Loan to be made by such Bank as provided in §§§ 2 and 3 above, and such funds are not made available to the Borrower by the Agent because the conditions applicable to advance of funds for such Loan set forth in §§§ 12 and 13 are not satisfied or waived in accordance with the terms hereof, the Agent shall return such funds (in like funds as received from such Bank) to such Bank, without interest.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Boston Properties LTD Partnership), Revolving Credit Agreement (Boston Properties LTD Partnership)

Failure to Satisfy Conditions Precedent. If any Bank makes available to the any applicable Agent funds for any Loan to be made by such Bank to any Borrower as provided in the foregoing provisions of §§2 and 3 above2, and such funds are not made available to the such Borrower by the such Agent because the conditions to the applicable to advance of funds for such Loan credit extension set forth in §§12 and 13 11 are not satisfied or waived in accordance with the terms hereof, the applicable Agent shall return such funds (in like funds as received from such Bank) to such BankBank in a timely manner, without interest.

Appears in 1 contract

Samples: Global Revolving Credit Agreement (Ryder System Inc)

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Failure to Satisfy Conditions Precedent. If any Bank makes available to the Agent funds for any Loan to be made by such Bank as provided in §§2 and 3 abovethe foregoing provisions of this Article II, and such funds are not made available to the Borrower Company by the Agent because the conditions applicable to advance of funds for such the Loan set forth in §§12 and 13 Article IV are not satisfied or waived in accordance with the terms hereof, the Agent shall return such funds (in like funds as received from such Bank) to such Bank, without interest.

Appears in 1 contract

Samples: Credit Agreement (Mentor Graphics Corp)

Failure to Satisfy Conditions Precedent. If any Bank makes available to the Agent funds for any Loan to be made by such Bank as provided in §§2 and 3 abovethe foregoing provisions of this Section 3, and such funds are not made available to the Borrower by the Agent because the conditions precedent to the applicable to advance of funds for such Loan set forth in §§12 and 13 Section 8.2 are not satisfied or are not waived in accordance with the terms hereof, the Agent shall return such funds (in like funds as received from such Bank) to such Bank, without interest.

Appears in 1 contract

Samples: Credit Agreement (Textainer Group Holdings LTD)

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