First Revolving Advance. Prior to funding the initial Revolving Advance after the Closing Date, Agent and the Lenders holding the Revolving Commitment shall have received the bankruptcy, judgment, litigation and tax lien searches in respect of each Borrower’s chief executive office location, each of which results shall be satisfactory to Agent in its Permitted Discretion;
Appears in 4 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)
First Revolving Advance. Prior to funding the initial Revolving Advance after the Closing Date, Agent and the Lenders holding the Revolving Commitment shall have received the bankruptcy, judgment, litigation and tax lien searches in respect of each Borrower’s chief executive office location, each of which results shall be satisfactory to Agent in its Permitted Discretion;; [PHI Group] Revolving Credit, Term Loan and Security Agreement
Appears in 2 contracts
Samples: Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De), Revolving Credit, Term Loan and Security Agreement (PHI Group, Inc./De)
