Common use of First Loans and Letters of Credit Clause in Contracts

First Loans and Letters of Credit. The obligation of each Lender to make the Term Loan and any other Loans requested by the Borrower on the Closing Date, and the obligation of the Issuing Lender to issue any Letters of Credit requested by the Borrower on the Closing Date, are subject to the satisfaction of the following conditions on or before the Closing Date:

Appears in 2 contracts

Samples: Credit Agreement (Nuvera Communications, Inc.), Credit Agreement (Otelco Inc.)

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First Loans and Letters of Credit. The obligation of each Lender to make the Term A-1 Loan and any other Loans requested by the Borrower on the Closing Date, and the obligation of the Issuing Lender to issue any Letters of Credit requested by the Borrower on the Closing Date, are subject to the satisfaction of the following conditions on or before the Closing Date:

Appears in 1 contract

Samples: Credit Agreement (ATN International, Inc.)

First Loans and Letters of Credit. The obligation of each Lender to make the Variable Rate Term Loan, the Fixed Rate Term Loan and any other Loans requested by the Borrower on the Closing Date, and the obligation of the Issuing Lender to issue any Letters of Credit requested by the Borrower on the Closing Date, are subject to the satisfaction of the following conditions on or before the Closing Date:

Appears in 1 contract

Samples: Credit Agreement (Andersons, Inc.)

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First Loans and Letters of Credit. The obligation of each Lender to make the Term Loan and any other Loans requested by the Borrower on the Closing Date, and the obligation of the each Issuing Lender to issue any Letters of Credit requested by the Borrower on the Closing Date, are subject to the satisfaction of the following conditions on or before the Closing Date:

Appears in 1 contract

Samples: Credit Agreement (Alaska Communications Systems Group Inc)

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