Common use of Initial Advances Clause in Contracts

Initial Advances. The obligation of each Lender to make the initial Advance to be made by it is subject to the following conditions precedent, each of which shall be satisfied prior to the making of the initial Advances (unless all of the Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 5 contracts

Samples: Unsecured Term Credit Agreement (BioMed Realty L P), Revolving Loan Agreement (Usec Inc), Term Loan Agreement (Aztar Corp)

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Initial Advances. The obligation of each Lender to make the initial Advance to be made by it it, and the obligation of the Issuing Lender to issue the initial Letter of Credit, is subject to the following conditions precedent, each of which shall be satisfied prior to the making of the initial Advances (unless all of the Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 4 contracts

Samples: Revolving Loan Agreement (Power One Inc), Reducing Revolving Loan Agreement (American Coin Merchandising Trust Iv), Term Loan Agreement (Safeskin Corp)

Initial Advances. The obligation of each Lender the Lenders to make the initial Advance to be made by it Advances is subject to the following conditions precedent, each of which shall be satisfied prior to the making of the initial Advances (unless all of the Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 2 contracts

Samples: Secured Term Loan Agreement (BioMed Realty Trust Inc), Secured Term Loan Agreement (BioMed Realty Trust Inc)

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Initial Advances. The obligation of each Lender to make the ---------------- initial Advance to be made by it is subject to the following conditions precedent, each of which shall be satisfied prior to the making of the initial Advances (unless all of the Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 1 contract

Samples: Term Loan Agreement (Data Processing Resources Corp)

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