Common use of Initial Advance or Letter of Credit Clause in Contracts

Initial Advance or Letter of Credit. The Lender shall not be required to make the initial Advance, or issue the initial Letter of Credit hereunder, whichever occurs first, unless the following conditions precedent have been satisfied in a manner reasonably acceptable to the Lender and its counsel:

Appears in 3 contracts

Samples: Credit and Security Agreement (Comscore, Inc.), Credit and Security Agreement (Keyw Holding Corp), Credit and Security Agreement (Tvi Corp)

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Initial Advance or Letter of Credit. The Lender shall not be required to make the initial Advance, or issue the an initial Letter of Credit hereunder, whichever occurs first, unless the following conditions precedent have been satisfied in a manner reasonably acceptable to the Lender and its counsel:

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (International Assets Holding Corp), Credit Agreement (International Assets Holding Corp)

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