Conditions for Initial Loans Sample Clauses
Conditions for Initial Loans. The obligation of the Lenders to make the initial Loans hereunder is subject to receipt by the Agent of the following documents and completion of the following matters on or prior to the Closing Date, in form and substance satisfactory to the Agent and its counsel:
Conditions for Initial Loans. The obligation of NBD to make the first Revolving Loans or to issue the first L/C hereunder is subject to receipt by NBD of the following documents and completion of the following matters on or prior to the Effective Date, in form and substance satisfactory to NBD: