Conditions Precedent to Each Facilities Increase Sample Clauses

Conditions Precedent to Each Facilities Increase. The effectiveness of each Facilities Increase shall be subject to the satisfaction of all of the following conditions precedent:
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Conditions Precedent to Each Facilities Increase. The Administrative Agent shall notify the Lenders and the Borrower Representative, on or before 1:00 p.m. (New York time) on the day following the Facilities Increase Date of the effectiveness of the Facilities Increase on the Facilities Increase Date and shall record in the Register all applicable additional information in respect of such Facilities Increase.
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Conditions Precedent to Each Facilities Increase. Each Facilities Increase shall not become effective prior to the satisfaction of all of the following conditions precedent:
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Conditions Precedent to Each Facilities Increase thereof. Each Extending Revolving Lender acknowledges and agrees that the Extended Revolving Credit Sub-Commitments provided pursuant to this Agreement, in the aggregate amount as set forth in Annex I hereto, shall constitute Extended Revolving Credit Sub-Commitments under, and as defined in, the Credit Agreement and become part of the Revolving Credit Commitments as contemplated by the Credit Agreement. Each Extending Revolving Lender agreeing to provide an Extended Revolving Credit Sub-Commitment pursuant to this Agreement, the Borrower and the Administrative Agent acknowledge and agree that, upon the incurrence of Revolving Loans pursuant to the Extended Revolving Credit Sub-Commitments provided pursuant to this Agreement, such Revolving Loans shall constitute Revolving Loans for all purposes of the Credit Agreement and the other Loan Documents. Each Extending Revolving Lender and the Borrower further agree that, with respect to the Extended Revolving Credit Sub-Commitment provided by such Extending Revolving Lender pursuant to this Agreement, such Extending Revolving Lender shall receive a non-refundable upfront fee (each, an “Upfront Fee”) equal to 0.25% of the amount of the Extended Revolving Credit Sub-Commitment of such Extending Revolving Lender, which upfront fee shall be due and payable on the Agreement Effective Date (as defined below). Each Extending Revolving Lender party to this Agreement (i) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement and, to the extent applicable, to become a Lender under the Credit Agreement, (ii) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement, (iii) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent, by the terms thereof, together with such powers as are reasonably incidental thereto, (iv) agrees that it will perform in accordance with their terms all of the ...
Sample 1

Related to Conditions Precedent to Each Facilities Increase

  • CONDITIONS PRECEDENT TO EACH ADVANCE Lender’s obligation to make the initial Advance and each subsequent Advance under this Agreement shall be subject to the fulfillment to Lender’s satisfaction of all of the conditions set forth in this Agreement and in the Related Documents.

  • Conditions Precedent to Borrowings 5.1 Conditions Precedent to the Initial Borrowing of TBC 37 5.2 Conditions Precedent to Each Committed Borrowing of TBC 38 5.3 Conditions Precedent to Each Bid Borrowing of TBC 38 5.4 Conditions Precedent to the Initial Borrowing of a Subsidiary Borrower 39 5.5 Conditions Precedent to Each Committed Borrowing of a Subsidiary Borrower 39 5.6 Conditions Precedent to Each Bid Borrowing of a Subsidiary Borrower 40

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to Each Extension of Credit Before any extension of credit governed by this agreement, whether by disbursement of a loan, issuance of a letter of credit or otherwise, the following conditions must be satisfied:

  • Conditions Precedent to Borrowing The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, prior to the date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of Advances requested.

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions Precedent to Each Loan and Letter of Credit The obligation of each Lender on any date (including the Closing Date) to make any Loan and of each Issuer on any date (including the Closing Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

  • Conditions Precedent to Each Loan The obligation of the Lenders to make each Loan, including the initial Revolving Loans on the Closing Date, and the obligation of the Agent to cause the Letter of Credit Issuer to issue any Letter of Credit shall be subject to the further conditions precedent that on and as of the date of any such extension of credit:

  • Conditions Precedent to Initial Borrowing The initial Borrowing under this Agreement is subject to the satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent.

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent:

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