Conditions Precedent to Initial Credit Extensions. Initial Lenders shall not be required to fund any Loan requested by Borrowers or otherwise extend credit to Borrowers and Agent shall not be obligated to cause the Letter of Credit Issuer to issue any Letter of Credit on the Closing Date, unless each of the following conditions has been satisfied:
Appears in 2 contracts
Sources: Loan and Security Agreement (Integrated Electrical Services Inc), Loan and Security Agreement (Integrated Electrical Services Inc)
Conditions Precedent to Initial Credit Extensions. Initial Lenders shall not be required to fund any Loan requested by Borrowers Loan, procure any Letter of Credit, or otherwise extend credit to Borrowers and Agent shall not be obligated to cause the Letter of Credit Issuer to issue any Letter of Credit on the Closing DateBorrowers, unless each of the following conditions has been satisfied:
Appears in 2 contracts
Sources: Loan and Security Agreement (Mastec Inc), Loan and Security Agreement (Mastec Inc)
Conditions Precedent to Initial Credit Extensions. Initial Lenders shall not be required to fund any requested Loan requested by Borrowers or otherwise extend credit to Borrowers Borrowers, and Agent Issuing Bank shall not be obligated to cause the Letter of Credit Issuer have no obligation to issue any Letter of Credit on the Closing DateCredit, unless each of the following conditions has been satisfied:
Appears in 2 contracts
Sources: Loan and Security Agreement (Enpro Industries, Inc), Loan and Security Agreement (Enpro Industries, Inc)
Conditions Precedent to Initial Credit Extensions. Initial Lenders shall not be required to fund any Loan requested by Borrowers or otherwise extend credit to Borrowers and Agent shall not be obligated to cause the Letter of Credit Issuer to issue any Letter of Credit on the Closing DateDate and the DIP Facility shall not become effective, unless each of the following conditions has been satisfied:
Appears in 1 contract
Sources: Loan and Security Agreement (Integrated Electrical Services Inc)
Conditions Precedent to Initial Credit Extensions. Initial Lenders shall not be required to fund any Loan requested by Borrowers or otherwise extend credit to Borrowers Borrowers, and Agent Issuing Bank shall not be obligated to cause the Letter of Credit Issuer required to issue any Letter of Credit Credit, unless, on the Closing Dateor before November 30, unless 2007, each of the following conditions has been satisfied:
Appears in 1 contract
Conditions Precedent to Initial Credit Extensions. Initial Lenders shall not be required to fund any Loan requested by Borrowers Borrower to procure any Letter of Credit or otherwise extend credit to Borrowers and Agent shall not be obligated to cause the Letter of Credit Issuer to issue any Letter of Credit Borrower, unless, on the Closing Dateor before October 31, unless 2008, each of the following conditions has been satisfied:
Appears in 1 contract