Initial Extension of Credit. The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that Lender will have received on or before the day of such Advance or issuance of such Letter of Credit all of the following, each dated (unless otherwise indicated) the Closing Date, in form and substance satisfactory to Lender:
Initial Extension of Credit. The obligation of Lenders to make the initial Credit Extension hereunder is subject to the condition precedent that Administrative Agent shall have received all of the following, each dated (unless otherwise indicated or otherwise specified by Administrative Agent) the Closing Date, in form and substance satisfactory to Administrative Agent:
Initial Extension of Credit. Prior to the initial extension hereunder, the following conditions precedent shall have been satisfied:
(a) the Borrower shall have delivered to the Agent for the benefit of the Banks in sufficient counterparts for distribution to the Banks:
(i) the Notes;
(ii) the fully executed Subsidiary Guaranty requested by the Agent to be delivered on the date hereof;
(iii) to the extent not otherwise waived in writing by the Agent, the fully executed Pledge Agreements, Security Agreement and such legal opinions, financing statements and other instruments and documents relating thereto as the Agent may request together with (i) original stock certificates or other similar instruments or securities representing all of the issued and outstanding shares of capital stock or other equity interests of each Domestic Subsidiary and First Tier Foreign Subsidiary as of the date hereof and (ii) stock powers for the Collateral consisting of the stock or other equity interest in each such Subsidiary executed in blank and undated;
(iv) evidence of insurance required by Section 7.3 hereof and by the Security Documents showing the Agent as loss payee thereunder pursuant to an endorsement acceptable to the Agent;
(v) a good standing certificate or certificate of existence for the Borrower and each Guarantor dated as of the date no earlier than December 1, 2000 from the office of the secretary of state of the states of their respective organization;
(vi) copies of the Certificate of Incorporation or Certificate of Limited Partnership, and all amendments thereto, of the Borrower and each Guarantor, certified by the office of the applicable secretary of state as of the date no earlier than December 1, 2000;
(vii) copies of the By-Laws or Limited Partnership Agreement, and all amendments thereto, of the Borrower and each Guarantor certified as true, correct and complete on the date hereof by the Secretary of each Guarantor;
(viii) copies, certified by the Secretary or Assistant Secretary of the Borrower and each Guarantor, of resolutions regarding the transactions contemplated by this Agreement, duly adopted by the Board of Directors of the Borrower and each Guarantor, respectively, and satisfactory in form and substance to the Agent;
(ix) the favorable written opinions of counsel for the Borrower and the Guarantors in form and substance satisfactory to the Agent and its legal counsel; and
(x) an incumbency signature certificate for the Borrower and each Guarantor satisfactory in form an...
Initial Extension of Credit. The obligation of each Lender to make its initial Loan under this Agreement is subject to completion of Lenders' due diligence review of each of the Loan Parties and the receipt by the Administrative Agent, on or before the Closing Date, of all of the following in form and substance satisfactory to the Administrative Agent and, in the case of actions to be taken, the taking of the following required actions and evidence that such actions have been taken to the satisfaction of the Administrative Agent:
Initial Extension of Credit. The obligation of each Bank to make its initial Loan and the obligation of the Issuing Bank to issue the initial Letter of Credit are subject to the condition precedent that the Agent shall have received, on or before the Funding Date, all of the following, each dated (unless otherwise indicated or otherwise agreed by the Agent) as of the Closing Date, in form and substance satisfactory to the Agent and, in the case of actions to be taken, evidence that the following required actions have been taken to the satisfaction of the Agent:
Initial Extension of Credit. The obligation of Bank to make the initial Advance under the Note is subject to the condition precedent that Bank shall have received on or before the day of such Advance all of the following, each dated (as applicable and unless otherwise indicated) on or as of the Closing Date, in form and substance satisfactory to Bank:
Initial Extension of Credit. The obligation of any Lender to make --------------------------- its initial extension of credit hereunder (whether by making a Loan or issuing a Letter of Credit) is subject to the conditions precedent that (i) such extension of credit shall occur on or before January 31, 1998 and (ii) the Administrative Agent shall have received the following documents (with, in the case of clauses (a), (b), (c) and (d) below, sufficient copies for each Lender), each of which shall Credit Agreement ---------------- be satisfactory to the Administrative Agent (and to the extent specified below, to each Lender) in form and substance:
Initial Extension of Credit. The obligation of Lender to make the initial Revolving Advance, issue the initial Letter of Credit or make the initial Term Loan Advance is subject to the condition precedent that prior thereto Lender shall have received all of the documents set forth below in form and substance satisfactory to Lender.
Initial Extension of Credit. The obligation of Lenders to make an initial Credit Extension hereunder is subject to the following conditions precedent:
Initial Extension of Credit. The obligation of Lender to make the initial Borrowing under the Revolving Credit Note is subject to the condition precedent that Lender shall have received on or before the day of such Borrowing all of the following, each dated (unless otherwise indicated) the date hereof, in form and substance satisfactory to Lender:
