Common use of Conditions Precedent to Initial Credit Extensions Clause in Contracts

Conditions Precedent to Initial Credit Extensions. The obligation of each Lender on the Closing Date to make any Loan and of each L/C Issuer on the Closing Date to issue or maintain any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

Appears in 2 contracts

Samples: Credit Agreement (Jarden Corp), Credit Agreement (Jarden Corp)

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Conditions Precedent to Initial Credit Extensions. The obligation of each Lender on the Closing Date to make any Loan and of each the L/C Issuer on the Closing Date to issue or maintain any Letter of Credit is subject to the satisfaction or due waiver in accordance with Section 11.01 (Amendments; Etc.) of each of the following conditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Psychiatric Solutions Inc)

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