Common use of Initial Extension of Credit Clause in Contracts

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:

Appears in 3 contracts

Samples: Credit Agreement (Alamosa PCS Holdings Inc), Credit Agreement (Texas Telecommunications Lp), Credit Agreement (Alamosa PCS Holdings Inc)

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Initial Extension of Credit. The obligation of each Lender to make its initial Loan (on or after the Closing Date) 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:

Appears in 2 contracts

Samples: Credit Agreement (Alamosa Holdings Inc), Credit Agreement (Alamosa PCS Holdings Inc)

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 the Lenders 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:

Appears in 2 contracts

Samples: Credit Agreement (World Access Inc /New/), Credit Agreement (Savvis Communications Corp)

Initial Extension of Credit. The obligation of each Lender to make its initial Loan under this Agreement is subject to the completion of the Lenders' due diligence review of each of the Loan Parties and the receipt by the Administrative Agent, on or before the Closing Initial Funding Date, of all of the following in form and substance satisfactory to the Administrative Agent and the Lenders 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:

Appears in 1 contract

Samples: Credit Agreement (Log on America Inc)

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:

Appears in 1 contract

Samples: Credit Agreement (Telergy Inc /Ny)

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, Agent 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:

Appears in 1 contract

Samples: Credit Agreement (State Communications Inc)

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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 or the Initial Funding 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:

Appears in 1 contract

Samples: Credit Agreement (Oao Technology Solutions Inc)

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 Effective Date, of all of the following in form and substance satisfactory to the Administrative Agent and the Lenders and, in the case of actions to be taken, the taking of the following required actions on or before the Effective Date and evidence that such actions have been taken to the satisfaction of the Administrative Agent:

Appears in 1 contract

Samples: Credit Agreement (Ipcs Inc)

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 Borrower and Holdings 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:

Appears in 1 contract

Samples: Credit Agreement (Cais Internet Inc)

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