Initial Credit. Prior to the Amendment Four Effective Date Xxxxxxx was entitled to, and received, * in service credit.
Initial Credit. The obligation of Lender to extend any credit contemplated by this Agreement is subject to the fulfillment to Lender's satisfaction of all of the following conditions on or prior to July 31, 1995:
Initial Credit. Employees engaged on an ongoing basis or for a specified or anticipated term in excess of 12 months receive an initial credit of three weeks of Personal/Xxxxx’s leave, where a week is based on the approved weekly hours for the employee. To this credit is added the accrual referred to at paragraph F8.
Initial Credit. The obligation of Lender to extend any credit contemplated by this Agreement is subject to the fulfillment to Lender's satisfaction of all of the following conditions:
Initial Credit. Customer must have and maintain credit satisfactory to NetWolves to receive and continue to receive Services. Customer agrees that NetWolves may request credit information from third parties and hereby authorizes the release of such information. Customer further authorizes NetWolves to investigate Xxxxxxxx’s credit history at any time and to share credit information about Customer with credit reporting agencies. NetWolves will review the Customer’s credit and NetWolves may assign a security amount and will notify the Customer of the amount by letter, fax or e-mail. Upon notification of the security amount the Customer shall provide NetWolves with security amount in the form of (a) a cash deposit, (b) an irrevocable, stand-by letter of credit from a financial institution and in a format acceptable to NetWolves, (c) a guarantee by one or more owners or affiliates of Customer or third parties, or (d) some other form of security acceptable to NetWolves in its sole discretion. NetWolves is not obligated to provide or continue to provide any Services, until NetWolves receives the required security.
Initial Credit. The obligation of each Lender to extend any credit under this Agreement is subject to the fulfillment to Agent's satisfaction in its Permitted Discretion on or before November 30, 2008 of all of the following conditions:
(a) Agent shall have received, in form and substance satisfactory to the Lender Group in their Permitted Discretion, each of the following, duly executed:
(i) this Agreement;
(ii) the Revolving Notes, if any;
(iii) Borrower's borrowing resolutions, certified organizational documents and good standing certificates in Borrower's jurisdictions of organization and each other jurisdiction where Borrower is qualified to do business, together with a secretary's certificate;
(iv) a Notice of Borrowing dated the Agreement Date;
(v) UCC-1 financing statements;
(vi) each Guaranty;
(vii) an opinion of Borrower's counsel;
(viii) Deposit Account Control Agreements with such banks as Agent may request;
(ix) a waiver and consent from each of Borrower's landlords;
(x) all releases, terminations, agreements and other documents as Agent may request to effect and evidence termination of the existing financing arrangements of Borrower and the interests of any other lender or lenders pursuant to any such financing arrangements in any assets and properties of Borrower;
(xi) each Pledge Agreement, together with membership interest powers for all certificated membership interests, if any;
(xii) a Borrowing Base Certificate dated as of the Agreement Date;
(xiii) a copy of Borrower's Credit Guidelines; and
(xiv) such other documents as Agent may require under this Agreement.
(b) [Reserved]
(c) Agent shall have completed a field review of the records and other information with respect to the Collateral as Lenders may require, the results of which (including evidence of segregation and identification of Collateral) shall be satisfactory to Agent in its discretion.
(d) Agent shall have received and reviewed UCC and Lien search results for all jurisdictions in which assets of Borrower are located in the United States, in form and substance satisfactory to Agent.
(e) Agent shall have received evidence, in form and substance satisfactory to Agent, that Agent, on behalf of the Lender Group, has a valid perfected first security interest in all of the Collateral except as otherwise permitted under this Agreement.
(f) Agent shall have received all original notes, if any, executed by a Seller in connection with a Factoring Agreement and photocopies of all other Factoring Docum...
Initial Credit. The obligation of Lender to extend any credit under this Agreement is subject to the fulfillment to Lender's satisfaction of all of the following conditions:
(a) All legal matters incidental to the extension of credit by Lender shall be satisfactory to counsel of Lender.
(b) Lender shall have received, in form and substance satisfactory to Lender, each of the following, duly executed:
i. This Agreement;
ii. The Trademark Agreement;
iii. Borrower's borrowing resolutions, together with a secretary's certificate;
iv. UCC-1
Initial Credit. Employees engaged:
a. on an ongoing basis or for a specified or anticipated term in excess of 12 months receive an initial credit of 18 days of Personal/Carer’s Leave, pro-rated for part-time employees. This is in addition to the ordinary accrual and crediting of Personal/ Xxxxx’s Leave at clause E5.
Initial Credit. The obligation of the Lenders to extend any credit contemplated by this Agreement is subject to the fulfillment to the Agent's satisfaction of all of the following conditions:
Initial Credit. As partial consideration for the assets obtained by Pharmexa from IDM in connection with the Asset Purchase Agreement, Pharmexa hereby grants to IDM a credit of USD$900,000 toward the receipt of Services during the [. . . *** . . .] of this Agreement. As a result, the Services provided by Pharmexa to IDM during such period shall be evidenced by invoices to IDM which are marked as “paid” until such USD$900,000 credit has been applied to amounts IDM would otherwise owe to Pharmexa therefor.
