Common use of Initial Closing Conditions Clause in Contracts

Initial Closing Conditions. The obligation of the Banks to make the initial Revolving Loans to the Borrower and the conversion of the Existing Letters of Credit to Letters of Credit under this Loan Agreement are subject to the condition that, in addition to the satisfaction of the conditions precedent specified in Section 3.2 hereof as of the Closing Date, the Agent shall have received on behalf of the Banks the following from the Borrower, dated the Closing Date or such other date as shall be acceptable to the Banks:

Appears in 1 contract

Samples: Loan Agreement (Regal Cinemas Inc)

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Initial Closing Conditions. The obligation of the Banks to make the initial Revolving Credit Loan to the Borrowers and to make the Swing Line Loans to the Borrower and the conversion of the Existing Letters of Credit to Letters of Credit under this Loan Agreement Borrowers are subject to the condition that, in addition to the satisfaction of the conditions precedent specified in Section 3.2 5.2 hereof as of and, with respect to the Closing DateSwing Line Loans, the Agent shall have received on behalf of the Banks the following from the Borrower, dated the Closing Date or such other date as shall be acceptable to the Banks:conditions

Appears in 1 contract

Samples: Loan Agreement (Res Care Inc /Ky/)

Initial Closing Conditions. The obligation of the Banks to make the initial Revolving Credit Loans and the Term Loans to the Borrower and the conversion of the Existing Letters of Credit to Letters of Credit under this Loan Agreement are is subject to the condition that, in addition to the satisfaction of the conditions precedent specified in Section 3.2 hereof 5.2 hereof, as of the Closing Date, the Agent Banks shall have received on behalf of the Banks the following from the Borrower, dated the Closing Date or such other date as shall be acceptable to the Banks:

Appears in 1 contract

Samples: Loan Agreement (North Atlantic Trading Co Inc)

Initial Closing Conditions. The obligation of the Banks to make the initial Revolving Credit Loans to the Borrower and the conversion of the Existing Letters of Credit to Letters of Credit under this Loan Agreement are is subject to the condition that, in addition to the satisfaction of the conditions precedent specified in Section 3.2 hereof 5.2 hereof, as of the Closing Date, the Agent Banks shall have received on behalf of the Banks the following from the Borrower, dated the Closing Date or such other date as shall be acceptable to the Banks:

Appears in 1 contract

Samples: Loan Agreement (North Atlantic Trading Co Inc)

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Initial Closing Conditions. The obligation of the Banks Bank to make the initial Revolving Working Capital Loans to the Borrower and the conversion of the Existing Letters of Credit to Letters of Credit under this Loan Agreement are is subject to the condition that, in addition to the satisfaction of the conditions precedent specified in Section 3.2 4.3 hereof as of the Closing Date, the Agent Bank shall have received on behalf of the Banks the following from the Borrower, dated as of the Closing Date or such other date as shall be acceptable to the BanksBank, all of which must be acceptable to the Bank and its counsel in form and substance:

Appears in 1 contract

Samples: Loan Agreement (Kentucky Electric Steel Inc /De/)

Initial Closing Conditions. The obligation of the Banks to make the initial Revolving Credit Loans, the Swing Line Loans and the Term Loans to the Borrower and the conversion of the Existing Letters of Credit to Letters of Credit under this Loan Agreement Borrowers are subject to the condition that, in addition to the satisfaction of the conditions precedent specified in Section 3.2 5.2 hereof and, with respect to the Swing Line Loans, the conditions precedent specified in Section 2.6A(iii) hereof, as of the Closing Date, the Agent Banks shall have received on behalf of the Banks the following from the BorrowerBorrowers, dated the Closing Date or such other date as shall be acceptable to the Banks:

Appears in 1 contract

Samples: Loan Agreement (Group Technologies Corp)

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