Common use of First Borrowing by Each Borrowing Subsidiary Clause in Contracts

First Borrowing by Each Borrowing Subsidiary. On or prior to the first date on which Loans are made to any Borrowing Subsidiary: (a) The Lenders shall have received the favorable written opinion of counsel satisfactory to the Administrative Agent, addressed to the Lenders and satisfactory to the Lenders, the Administrative Agent and Cravath, Swaine & Moorx, xxunsel for the Administrative Agent, to the effect set forth in Exhibit D hereto. (b) Each Lender shall have received a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary.

Appears in 2 contracts

Samples: 364 Day Competitive Advance and Revolving Credit Facility Agreement (Itt Industries Inc), 364 Day Competitive Advance and Revolving Credit Facility Agreement (Itt Corp /Nv/)

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First Borrowing by Each Borrowing Subsidiary. On or prior to the first date on which Loans are made to or Letters of Credit are issued for the benefit of any Borrowing Subsidiary: (a) The Lenders and any Issuing Banks shall have received the favorable written opinion of counsel satisfactory to the Administrative Agent, addressed to the Lenders and satisfactory to the Lenders, the Administrative Agent and Cravath, Swaine & Moorx, xxunsel for the Administrative Agent, to the effect set forth in Exhibit D hereto. (b) Each Lender shall have received a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary.

Appears in 1 contract

Samples: Credit Facility Agreement (Itt Corp /Nv/)

First Borrowing by Each Borrowing Subsidiary. On or prior to the first date on which Loans are made to any each Borrowing Subsidiary: (a) The Lenders Administrative Agent shall have received the favorable written opinion of counsel satisfactory to Terrxxxx X. Xxxxxxx, Xxq., dated the Administrative Agentdate of such Loans, addressed to the Lenders and satisfactory to the Lenders, the Administrative Agent and Cravath, Swaine & Moorx, xxunsel for the Administrative Agent, to the effect set forth in Exhibit D D-2 hereto. (b) Each Lender shall have received a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary.

Appears in 1 contract

Samples: 364 Day Competitive Advance and Revolving Credit Facility Agreement (Perkinelmer Inc)

First Borrowing by Each Borrowing Subsidiary. On or prior to the first date on which Loans are made to the benefit of any Borrowing Subsidiary: (a) The Lenders shall have received the favorable written opinion of counsel satisfactory to the Administrative Agent, addressed to the Lenders and satisfactory to the Lenders, the Administrative Agent and Cravath, Swaine & Moorx, xxunsel for the Administrative Agent, to the effect set forth in Exhibit D C hereto. (b) Each Lender shall have received a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary.

Appears in 1 contract

Samples: 364 Day Revolving Credit Facility Agreement (Itt Industries Inc)

First Borrowing by Each Borrowing Subsidiary. On or prior to the first date on which Loans are made to any Borrowing Subsidiary: (a) The Lenders shall have received the favorable written opinion of counsel with respect to such Borrowing Subsidiary satisfactory to the Administrative Agent, addressed to the Lenders and satisfactory to the Lenders, the Administrative Agent and Cravath, Swaine & MoorxMoore, xxunsel counsel for the Administrative Agent, to the effect set forth in Exhibit D C hereto. (b) Each Lender shall have received a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary.

Appears in 1 contract

Samples: Five Year Competitive Advance and Revolving Credit Facility Agreement (Hartford Financial Services Group Inc/De)

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First Borrowing by Each Borrowing Subsidiary. On or prior to the first date on which Loans are made to any Borrowing Subsidiary: (a) The Lenders shall have received the favorable written opinion of counsel satisfactory with respect to the Administrative Agentsuch Borrowing Subsidiary, addressed to the Lenders and satisfactory to the Lenders, the Administrative Agent and Cravath, Swaine & Moorx, xxunsel for the Administrative Agent, to the effect set forth in Exhibit D C hereto. (b) Each Lender shall have received a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary.

Appears in 1 contract

Samples: Five Year Competitive Advance and Revolving Credit Facility Agreement (Hartford Financial Services Group Inc/De)

First Borrowing by Each Borrowing Subsidiary. On or prior to the first date on which Loans are made to any Borrowing Subsidiary: (a) The Lenders shall have received the favorable written opinion of counsel satisfactory to the Administrative Agent, addressed to the Lenders and satisfactory to the Lenders, the Administrative Agent and Cravath, Swaine & Moorx, xxunsel for the Administrative Agent, to the effect set forth in Exhibit D hereto. (b) Each Lender shall have received a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary.

Appears in 1 contract

Samples: 364 Day Competitive Advance and Revolving Credit Facility Agreement (Itt Corp /Nv/)

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