Common use of Conditions of Initial Credit Extensions Clause in Contracts

Conditions of Initial Credit Extensions. The effectiveness of this Agreement and the obligation of each Lender to make its initial Loan hereunder and the obligation of the Issuing Lender to issue Letters of Credit hereunder, are subject to the satisfaction of each of the following conditions precedent:

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Breitburn Energy Partners LP)

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Conditions of Initial Credit Extensions. The effectiveness of this Agreement and the obligation of each Lender to make its initial Loan hereunder and the obligation of the LC Issuing Lender to issue Letters its initial Letter of Credit hereunder, hereunder are subject to the satisfaction of each of the following conditions precedent:

Appears in 2 contracts

Samples: Credit Agreement (Nobilis Health Corp.), Credit Agreement (Nobilis Health Corp.)

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