Preconditions to Loans and Letters of Credit. 7.1 Term Loan, Initial Revolving Credit Loan, Initial Swing Loan or Letter of Credit. Notwithstanding any provision contained herein to the contrary, none of the Banks shall have any obligation to make the Term Loan, the initial Revolving Credit Loan hereunder and Mercantile shall have no obligation to make the initial Swing Loan hereunder or to issue the initial Letter of Credit hereunder unless the Agent shall have received on the date hereof:
Appears in 2 contracts
Samples: Assignment and Assumption Agreement (Doane Products Co), Assignment and Assumption Agreement (Doane Products Co)
Preconditions to Loans and Letters of Credit. 7.1 Term Loan, 6.1 Initial Revolving Credit Loan, Initial Swing Loan or Letter of Credit. Notwithstanding any provision contained herein to the contrary, none of the Banks shall have any obligation to make the Term Loan, the initial Revolving Credit Loan hereunder and Mercantile hereunder, Xxxxxxx shall have no obligation to make the initial Swing Loan hereunder or hereunder, and the Banks shall have no obligation to issue the initial a Letter of Credit hereunder unless the Agent shall have received on the effective date hereof:
Appears in 1 contract
Samples: Revolving Credit Agreement (Halter Marine Group Inc)
Preconditions to Loans and Letters of Credit. 7.1 8.1 Term Loan, Purchase Money Loan, Initial Revolving Credit Loan, Initial Swing Loan or Letter of Credit. Notwithstanding any provision contained herein to the contrary, none of the Banks shall have any obligation to make the Term Loan, the Purchase Money Loan, the initial Revolving Credit Loan hereunder and Mercantile shall have no obligation to make the initial Swing Loan hereunder or to issue the initial Letter of Credit hereunder unless the Agent shall have received on the date hereof:
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Doane Pet Care Co)
