Common use of Initial Credit Extension Clause in Contracts

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 13 contracts

Samples: Credit Agreement (Duane Reade Inc), Credit Agreement (Adelphia Communications Corp), Revolving Credit Agreement (Royster-Clark Nitrogen Realty LLC)

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Initial Credit Extension. The obligations obligation of the Lenders each Lender and, if applicable, the any Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.16.1.

Appears in 9 contracts

Samples: Credit Agreement (Ingram Micro Inc), Credit Agreement (Ingram Micro Inc), Credit Agreement (Ingram Micro Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 8 contracts

Samples: First Lien Credit Agreement (Mitel Networks Corp), Credit Agreement (Kansas City Southern De Mexico, S.A. De C.V.), Credit Agreement (Swift Holdings Corp.)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 7 contracts

Samples: Credit Agreement (Graphic Packaging Corp), Credit Agreement (3055854 Nova Scotia Co), Credit Agreement (United Surgical Partners International Inc)

Initial Credit Extension. The Subject to Section 7.1.11, the obligations of the Lenders and, if applicable, the Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction (or waiver) in all material respects of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 4 contracts

Samples: Credit Agreement (Hanesbrands Inc.), Credit Agreement (Hanesbrands Inc.), Credit Agreement (Hanesbrands Inc.)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction satisfaction, each in the Agent’s reasonable discretion, or waiver of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Parametric Sound Corp), Credit Agreement (Parametric Sound Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the any Issuer to fund make the initial Credit Extension Extensions shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.15.1 to the satisfaction of the Lenders.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Sterling Chemicals Inc), Revolving Credit Agreement (Sterling Chemical Inc), Revolving Credit Agreement (Sterling Chemical Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction fulfillment of each of the conditions precedent set forth in this Section 5.15.1 to the satisfaction of the Agent.

Appears in 2 contracts

Samples: Credit Agreement (Us Automotive Manufacturing Inc), Credit Agreement (Selfcare Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, and the Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.16.1.

Appears in 2 contracts

Samples: Credit Agreement (Budget Group Inc), Credit Agreement (Dollar Thrifty Automotive Group Inc)

Initial Credit Extension. The obligations obligation of the Lenders and, if applicable, the Issuer Lender to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 2 contracts

Samples: Credit Agreement (Ing Us Capital LLC), Credit Agreement (Vista Gold Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section SECTION 5.1.

Appears in 2 contracts

Samples: Credit Agreement (World Almanac Education Group Inc), Credit Agreement (Titan Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the any Issuer to fund make the initial Credit Extension (including as constituted by the continuation of the Existing Loans as Loans hereunder) shall be subject to the prior or concurrent satisfaction (or waiver by the Required Lenders) of each of the conditions precedent set forth in this Section 5.1Article 5.

Appears in 2 contracts

Samples: Credit Agreement (Dynamic Offshore Resources, Inc.), First Lien Credit Agreement (Energy Xxi (Bermuda) LTD)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer Issuer(s) to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 2 contracts

Samples: Lender Consent Letter (Merrill Corp), Credit Agreement (Mueller Holdings (N.A.), Inc.)

Initial Credit Extension. The obligations obligation of the Lenders and, if applicable, the Issuer Lender to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1SECTION 6.

Appears in 2 contracts

Samples: Credit Agreement (Esenjay Exploration Inc), Credit Agreement (Esenjay Exploration Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the any Issuer to fund make the initial Credit Extension (including as constituted by the continuation of the Existing Loans as Loans hereunder) shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.Article V.

Appears in 2 contracts

Samples: First Lien Credit Agreement (Energy Xxi (Bermuda) LTD), First Lien Credit Agreement (Energy XXI Texas, LP)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.15.1 (the date on which such conditions precedent are satisfied or waived by the Lenders being herein referred to as the "Closing Date").

Appears in 2 contracts

Samples: Credit Agreement (Stillwater Mining Co /De/), Credit Agreement (Stillwater Mining Co /De/)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the applicable Issuer to fund the initial Credit Extension hereunder shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 2 contracts

Samples: Credit Agreement (Reddy Ice Holdings Inc), Credit Agreement (Reddy Ice Holdings Inc)

Initial Credit Extension. The obligations obligation of the Lenders each Lender and, if applicable, the any Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1SECTION 6.1.

Appears in 2 contracts

Samples: Credit Agreement (Ingram Micro Inc), European Credit Agreement (Ingram Micro Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.16.1.

Appears in 2 contracts

Samples: Credit Agreement (Simpson Industries Inc), Credit Agreement (Simpson Industries Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 2 contracts

Samples: Credit Agreement (Triarc Companies Inc), Credit Agreement (Triarc Companies Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, and the Letter of Credit Issuer to fund make the initial Credit Extension Extensions shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 1 contract

Samples: Credit Agreement (Ust Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the and each Issuer to fund make the initial Credit Extension shall be under the Existing Credit Agreement were subject to the prior or concurrent satisfaction or waiver of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

Initial Credit Extension. The obligations obligation of the Lenders and, if applicable, the Issuer Lender to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1SECTION 6.1.

Appears in 1 contract

Samples: Credit Agreement (Esenjay Exploration Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer Issuers to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 1 contract

Samples: Credit Agreement (Commemorative Brands Inc)

Initial Credit Extension. The obligations obligation of the Lenders and, if applicable, the Issuer Lender to fund make the initial Credit Extension following the Effective Date shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1section 5.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Winokur Herbert S Jr)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the and each Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction or waiver of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction fulfillment of each of the conditions precedent set forth in this Section 5.15.1 to the satisfaction of the Managing Agents.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Imo Industries Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the an Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 1 contract

Samples: Credit Agreement (Ferro Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund or make, as the case may be, the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Prosource Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension under this Agreement shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Royster-Clark Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the applicable Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction fulfillment of each of the conditions precedent set forth in this Section 5.1SECTION 5.1 to the satisfaction of the Agent.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Key Components LLC)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction (or waiver by the Required Lenders) of each of the conditions precedent set forth in this Section 5.1Article 5.

Appears in 1 contract

Samples: First Lien Credit Agreement (Radiant Oil & Gas Inc)

Initial Credit Extension. The obligations obligation of the Lenders and, if applicable, the Issuer each Lender to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.16.1.

Appears in 1 contract

Samples: Credit Agreement (Sonoran Energy Inc)

Initial Credit Extension. The obligations of the Lenders to make and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (True Temper Sports Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, and the Issuer Issuers to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Thermadyne Holdings Corp /De)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Brand Scaffold Services Inc)

Initial Credit Extension. The Subject to Section 7.1.11, the obligations of the Lenders and, if applicable, the an Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction (or waiver) in all material respects of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 1 contract

Samples: First Lien Credit Agreement (Hanesbrands Inc.)

Initial Credit Extension. The obligations of the Lenders ------------------------ and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.. -----------

Appears in 1 contract

Samples: Credit Agreement (Advanstar Inc)

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Initial Credit Extension. The obligations of the Lenders and, if applicable, the any Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.Article V.

Appears in 1 contract

Samples: First Lien Credit Agreement (Energy Xxi (Bermuda) LTD)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be Extensions were subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.17.1.

Appears in 1 contract

Samples: Credit Agreement (Mobile Services Group Inc)

Initial Credit Extension. The effectiveness of the restatement and amendment of the Original Credit Agreement pursuant to this Agreement and the obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension under this Agreement shall be subject to the prior or concurrent satisfaction (or waiver) of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Stericycle Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the applicable Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction fulfillment of each of the conditions precedent set forth in this Section 5.15.1 to the satisfaction of the Administrative Agent.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Key Components Finance Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.15.1 to the satisfaction of the Agents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sterling Chemical Inc)

Initial Credit Extension. The obligations of the Lenders ------------------------ and, if applicable, the Issuer to fund or make, as the case may be, the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.. -----------

Appears in 1 contract

Samples: Credit Agreement (Tci Satellite Entertainment Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the any applicable Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Mitel Networks Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, and ------------------------ the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Spiegel Inc)

Initial Credit Extension. The obligations obligation of the Lenders each Lender and, ------------------------ if applicable, the Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.. -----------

Appears in 1 contract

Samples: Credit Agreement (Primestar Inc)

Initial Credit Extension. The obligations obligation of the Lenders and, if applicable, the Issuer Lender to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.16.1.

Appears in 1 contract

Samples: Credit Agreement (Future Petroleum Corp/Ut/)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the any applicable Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 1 contract

Samples: Credit Agreement (Mitel Networks Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund make the initial Credit Extension (or participate therein) shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 1 contract

Samples: Reimbursement Agreement (PPL Energy Supply LLC)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer Issuers to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1Section.

Appears in 1 contract

Samples: Credit Agreement (North Shore Agency Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund make the initial Credit Extension Extensions shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Gutbusters Pty LTD)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the applicable Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction fulfillment of each of the conditions precedent set forth in this Section 5.15.1 to the satisfaction of the Agent.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Key Components Finance Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction in all material respects of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 1 contract

Samples: Credit Agreement (Tower Automotive Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction (or waiver) of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Stericycle Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the each Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Associated Materials Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Borrowing and of the Issuer to issue Letters of Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Revolving Credit Agreement (Handy & Harman)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the any Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the applicable Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1Article.

Appears in 1 contract

Samples: Credit Agreement (Southern Bottled Water Co Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction or waiver of each of the conditions precedent set forth in this Section 5.1on or prior to June 30, 2008.

Appears in 1 contract

Samples: Credit Agreement (Brookfield Infrastructure Partners L.P.)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension Term B Loans and the Term C Loans into the Bank Proceeds Account (the "Closing") shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Aladdin Gaming Enterprises Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension Extensions shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Pasta Group L L C)

Initial Credit Extension. The obligations of the Lenders and, if applicable, and ------------------------ the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.. -----------

Appears in 1 contract

Samples: Revolving Credit Agreement (Spiegel Inc)

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