Common use of Initial Loans Clause in Contracts

Initial Loans. The obligation of each Lender to make its initial Loans hereunder is subject to the following conditions precedent, each of which shall have been fulfilled or waived to the satisfaction of Agent:

Appears in 6 contracts

Sources: Loan Agreement (HCC Insurance Holdings Inc/De/), Loan Agreement (Oceaneering International Inc), Loan Agreement (HCC Insurance Holdings Inc/De/)

Initial Loans. The obligation of each Lender to make its initial Loans hereunder is subject to the following conditions precedent, each of which shall have been fulfilled or waived to the satisfaction of the Agent:

Appears in 1 contract

Sources: Credit Agreement (Sterling Chemicals Inc)