Common use of Initial Credit Extension Clause in Contracts

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver of each of the conditions precedent set forth in this Article.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Parametric Sound Corp), Credit Agreement (Parametric Sound Corp)

AutoNDA by SimpleDocs

Initial Credit Extension. The obligations of the Lenders and, if applicable, the applicable Issuer to fund the initial Credit Extension hereunder shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver satisfaction of each of the conditions precedent set forth in this Article.

Appears in 2 contracts

Samples: Credit Agreement (Reddy Ice Holdings Inc), Credit Agreement (Reddy Ice Holdings Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver fulfillment of each of the conditions precedent set forth in this ArticleSection 5.1 to the satisfaction of the Agent.

Appears in 2 contracts

Samples: Credit Agreement (Selfcare Inc), Security Agreement (Us Automotive Manufacturing Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the any Issuer to fund make the initial Credit Extension (including as constituted by the continuation of the Existing Loans as Loans hereunder) shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver satisfaction of each of the conditions precedent set forth in this Article.Article V.

Appears in 2 contracts

Samples: Lien Credit Agreement (Energy Xxi (Bermuda) LTD), Lien Credit Agreement (Energy XXI Texas, LP)

Initial Credit Extension. The obligations of the Lenders and, if applicable, and the Letter of Credit Issuer to fund make the initial Credit Extension Extensions shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver satisfaction of each of the conditions precedent set forth in this Article.

Appears in 1 contract

Samples: Credit Agreement (Ust Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the applicable Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver satisfaction of each of the conditions precedent set forth in this Article.

Appears in 1 contract

Samples: Credit Agreement (Southern Bottled Water Co Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the an Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver satisfaction of each of the conditions precedent set forth in this Article.

Appears in 1 contract

Samples: Credit Agreement (Ferro Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the applicable Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver fulfillment of each of the conditions precedent set forth in this ArticleSection 5.1 to the satisfaction of the Administrative Agent.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Key Components Finance Corp)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the and each Issuer to fund make the initial Credit Extension shall be under the Existing Credit Agreement were subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, satisfaction or waiver of each of the conditions precedent set forth in this Article.

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the and each Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, satisfaction or waiver of each of the conditions precedent set forth in this Article.

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each satisfaction in the Agent’s reasonable discretion, or waiver all material respects of each of the conditions precedent set forth in this Article.

Appears in 1 contract

Samples: Credit Agreement (Tower Automotive Inc)

AutoNDA by SimpleDocs

Initial Credit Extension. The obligations of the Lenders and, if applicable, the any Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver satisfaction of each of the conditions precedent set forth in this Article.Article V.

Appears in 1 contract

Samples: Credit Agreement (Energy Xxi (Bermuda) LTD)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, satisfaction or waiver of each of the conditions precedent set forth in this ArticleSection on or prior to June 30, 2008.

Appears in 1 contract

Samples: Credit Agreement (Brookfield Infrastructure Partners L.P.)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver satisfaction of each of the conditions precedent set forth in this ArticleSection 5.1 to the satisfaction of the Agents.

Appears in 1 contract

Samples: Revolving Credit Agreement (Sterling Chemical Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer to fund make the initial Credit Extension (or participate therein) shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver satisfaction of each of the conditions precedent set forth in this Article.

Appears in 1 contract

Samples: Reimbursement Agreement (PPL Energy Supply LLC)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the Issuer Issuers to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver satisfaction of each of the conditions precedent set forth in this ArticleSection.

Appears in 1 contract

Samples: Credit Agreement (North Shore Agency Inc)

Initial Credit Extension. The obligations of the Lenders and, if applicable, the any applicable Issuer to fund make the initial Credit Extension shall be subject to the prior or concurrent satisfaction, each in the Agent’s reasonable discretion, or waiver satisfaction of each of the conditions precedent set forth in this Article.

Appears in 1 contract

Samples: Credit Agreement (Mitel Networks Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.