Common use of Initial Loans Clause in Contracts

Initial Loans. The obligation of each Lender to make the initial Loans to be made by it hereunder is subject to the following conditions precedent, each of which shall have been fulfilled to the satisfaction of the Administrative Agent:

Appears in 3 contracts

Sources: Credit Agreement (Trans Resources Inc), Credit Agreement (RPM Inc/Oh/), Credit Agreement (RPM Inc/Oh/)

Initial Loans. The obligation of each Lender to make the initial Loans to be made by it hereunder is subject to the following conditions precedent, each of which shall have been fulfilled to the satisfaction of the Administrative AgentAgent on or prior to July 25, 2000:

Appears in 2 contracts

Sources: Credit Agreement (RPM Inc/Oh/), Credit Agreement (RPM Inc/Oh/)

Initial Loans. The obligation of each Lender to make the initial Loans to be made by it hereunder is subject to the following conditions precedent, each of which shall have been fulfilled to the satisfaction of the Administrative Agent:Agent on or prior to July 29, 1999 (or, in the case of Section 7.01(d), on or prior to August 15, 1999):

Appears in 1 contract

Sources: Credit Agreement (RPM Inc/Oh/)

Initial Loans. The obligation of each Lender Bank to make the its initial Loans to be made by it hereunder on or after the date hereof is subject to the following conditions precedent, each of which shall have been fulfilled or waived to the satisfaction of the Administrative Agent:

Appears in 1 contract

Sources: 364 Day Credit Agreement (Ocean Energy Inc /Tx/)