Common use of Additional Initial Conditions Precedent Clause in Contracts

Additional Initial Conditions Precedent. In addition to the satisfaction of the conditions precedent set forth in Section 3.1 and 3A.1, the obligation of each UK Bank to make Sterling Advances and the obligation of each Sterling L/C Issuer to issue Sterling Letters of Credit pursuant to the terms and conditions of this Agreement is subject to the additional condition precedent that the UK Administrative Agent shall have received the following, each dated on or before the date hereof, in form and substance satisfactory to the UK Administrative Agent: (a) An executed Joinder to the Agreement and the executed Sterling Notes payable to the order of the UK Banks, respectively. (b) The executed UK Guaranty. (c) Certified copies of the resolutions of the Board of Directors of the UK Borrower approving this Agreement, each Sterling Note and each Notice of Sterling Borrowing, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to each such Loan Document and certified copies of the restated certificate of incorporation and bylaws of the UK Borrower. (d) A certificate of the Secretary or an Assistant Secretary of the UK Borrower certifying the names and true signatures of the officers of the UK Borrower authorized to sign each Loan Document to which it is a party and the other documents to be delivered hereunder. (e) A favorable opinion of Ledingham Chalmers Solicitors, counsel for the UK Borrower, to be delivered to, and for the benefit of, the UK Banks and the UK Administrative Agent, at the express instruction of the Borrower, substantially in the form of Exhibit 2-D and as to such other matters as any UK Bank through the UK Administrative Agent may reasonably request. (f) To the extent the items delivered on the Closing Date under Section 3.1(b), (c), (d) and (e) do not address the UK Guaranty, the Borrower shall deliver each of the referenced documents in form and substance satisfactory to the UK Administrative Agent.

Additional Initial Conditions Precedent. In addition to the satisfaction of the conditions precedent set forth in Section 3.1 and 3A.1, the obligation of each UK Bank to make Sterling Advances and the obligation of each Sterling L/C Issuer to issue Sterling Letters of Credit pursuant to the terms and conditions of this Agreement is subject to the additional condition precedent that the UK Administrative Agent shall have received the following, each dated on or before the date hereof, in form and substance reasonably satisfactory to the UK Administrative Agent: (a) An executed Joinder to the Agreement and the executed Sterling Notes payable to the order of the UK Banks, respectively. (b) The executed UK Guaranty. (c) Certified copies of the resolutions of the Board of Directors of the UK Borrower approving this Agreement, each Sterling Note and each Notice of Sterling Borrowing, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to each such Loan Document and certified copies of the restated certificate of incorporation and bylaws of the UK Borrower. (d) A certificate of the Secretary or an Assistant Secretary of the UK Borrower certifying the names and true signatures of the officers of the UK Borrower authorized to sign each Loan Document to which it is a party and the other documents to be delivered hereunder. (e) A favorable opinion of Ledingham Chalmers Bond ▇▇▇▇▇▇ LLP, Solicitors, counsel for the UK Borrower, to be delivered to, and for the benefit of, the UK Banks and the UK Administrative Agent, at the express instruction of the Borrower, substantially in the form of Exhibit 2-D and as to such other matters as any UK Bank through the UK Administrative Agent may reasonably request. (f) To the extent the items delivered on the Closing Date under Section 3.1(b), (c), (d) and (e) do not address the UK Guaranty, the Borrower shall deliver each of the referenced documents in form and substance reasonably satisfactory to the UK Administrative Agent.

Additional Initial Conditions Precedent. In addition to the satisfaction of the conditions precedent set forth in Section 3.1 and 3A.1, the obligation of each UK Bank to make Sterling Advances and the obligation of each Sterling L/C Issuer to issue Sterling Letters of Credit pursuant to the terms and conditions of this Agreement is subject to the additional condition precedent that the UK Administrative Agent shall have received the following, each dated on or before the date hereof, in form and substance reasonably satisfactory to the UK Administrative Agent: (a) An executed Joinder to the Agreement and the executed Sterling Notes payable to the order of the UK Banks, respectively. (b) The executed UK Guaranty. (c) Certified copies of the resolutions of the Board of Directors of the UK Borrower approving this Agreement, each Sterling Note and each Notice of Sterling Borrowing, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to each such Loan Document and certified copies of the restated certificate of incorporation and bylaws articles of association of the UK Borrower. (d) A certificate of the Secretary or an Assistant Secretary of the UK Borrower certifying the names and true signatures of the officers of the UK Borrower authorized to sign each Loan Document to which it is a party and the other documents to be delivered hereunder. (e) A favorable opinion of Ledingham Chalmers Bond Dickinson LLP, Solicitors, counsel for the UK Borrower, to be delivered to, and for the benefit of, the UK Banks and the UK Administrative Agent, at the express instruction of the Borrower, substantially in the form of Exhibit 2-D and as to such other matters as any UK Bank through the UK Administrative Agent may reasonably request. (f) To the extent the items delivered on the Closing Date under Section 3.1(b), (c), (d) and (e) do not address the UK Guaranty, the Borrower shall deliver each of the referenced documents in form and substance reasonably satisfactory to the UK Administrative Agent.