Common use of Initial Credit Extension Clause in Contracts

Initial Credit Extension. The Lenders and the Issuers shall not be required to make the initial Credit Extension hereunder unless the Borrower has made payment to the Administrative Agent for the account of the Lenders in immediately available funds the upfront fees payable under Section 2.4 and the Borrower has furnished to the Administrative Agent with sufficient copies for the Lenders:

Appears in 6 contracts

Samples: Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co)

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Initial Credit Extension. The Lenders and the Issuers shall not be required to make the initial Credit Extension hereunder unless the Borrower has made payment to the Administrative Agent for the account of the Lenders in immediately available funds the upfront fees payable under Section 2.4 the Fee Letter and the Borrower has furnished to the Administrative Agent with sufficient copies for the Lenders:

Appears in 4 contracts

Samples: Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co), Credit Agreement (Madison Gas & Electric Co)

Initial Credit Extension. The Lenders and the Issuers Issuer shall not be required to make the initial Credit Extension hereunder unless until the Borrower has made payment furnished the Administrative Agent with (a) all fees required to be paid to the Lenders on the date hereof, (b) evidence that all obligations under the Existing Credit Facility have been (or, concurrently with the initial Credit Extension hereunder, will be) paid in full and (c) all of the following, in form and substance satisfactory to the Administrative Agent for the account of the Lenders and each Lender, and in immediately available funds the upfront fees payable under Section 2.4 and the Borrower has furnished to the Administrative Agent with sufficient copies for the Lenderseach Lender:

Appears in 3 contracts

Samples: Day Credit Agreement (Kansas City Power & Light Co), Credit Agreement (Great Plains Energy Inc), Credit Agreement (Kansas City Power & Light Co)

Initial Credit Extension. The Lenders and the Issuers LC Issuer shall not be required to make the initial Credit Extension hereunder unless the Borrower has made payment to the Administrative Agent for the account of the Lenders in immediately available funds the upfront fees payable under Section 2.4 and the Borrower has furnished to the Administrative Agent (with sufficient copies for the Lenders:, in the case of all documents):

Appears in 2 contracts

Samples: Credit Agreement (Vectren Corp), Assignment Agreement (Vectren Corp)

Initial Credit Extension. The Lenders and the Issuers LC Issuer shall not be required to make the initial Credit Extension hereunder unless the Borrower has made payment furnished the following to the Administrative Agent for the account of the Lenders in immediately available funds the upfront fees payable under Section 2.4 and the Borrower has furnished to the Administrative Agent (with sufficient copies for the Lenders, in the case of all documents), each in form and substance satisfactory to the Administrative Agent and each of the Lenders:

Appears in 1 contract

Samples: Credit Agreement (Vectren Corp)

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Initial Credit Extension. The Lenders and the Issuers shall not be required to make the initial Credit Extension hereunder unless the Borrower has made payment paid to the Administrative Agent, the Syndication Agent and the Arrangers, for their respective accounts, the account fees required pursuant to the terms of the Lenders letters described in immediately available funds the upfront fees payable under Section 2.4 10.13 and the Borrower has furnished to the Administrative Agent with sufficient copies for the Lenders:

Appears in 1 contract

Samples: Credit Agreement (Maytag Corp)

Initial Credit Extension. The Lenders and the Issuers shall not be required to make the initial Credit Extension hereunder unless the Borrower has made payment to the Administrative Agent for the account of the Lenders in immediately available funds the upfront fees payable under Section 2.4 and the Borrower Company has furnished to the Administrative Agent with sufficient copies for the Lenders:

Appears in 1 contract

Samples: Credit Agreement (Bemis Co Inc)

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