Conditions Precedent to Initial Extensions of Credit Sample Clauses

Conditions Precedent to Initial Extensions of Credit. The obligation of each Lender, the Swingline Bank and each LC Issuing Bank, as applicable, to make the initial Extension of Credit to be made by it hereunder shall become effective on and as of the first date on which the following conditions precedent have been satisfied:
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Conditions Precedent to Initial Extensions of Credit. The obligation of each Lender to make its initial Advance and of each LC Issuing Bank to issue the initial Letter of Credit is subject to the conditions precedent that on or before the date of such Advance:
Conditions Precedent to Initial Extensions of Credit. The obligation of each Lender to make an Advance on the occasion of the Initial Extensions of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extensions of Credit:
Conditions Precedent to Initial Extensions of Credit. The obligation of each Bank to make the initial extension of credit under this Agreement, including the making of the initial Revolving Loan Advances, the making of the initial Autoborrow Advances, and the issuance of the initial Letters of Credit, shall be subject to the following conditions precedent:
Conditions Precedent to Initial Extensions of Credit. Lender shall not be required to fund any Advance or make any other extension of credit hereunder unless and until the following initial conditions shall have been satisfied by Borrower, in the sole opinion of Lender and its counsel:
Conditions Precedent to Initial Extensions of Credit. The obligation of each Lender and the LC Issuer to make its extensions of credit under this Agreement on the Closing Date is subject to satisfaction of the following conditions in a manner satisfactory to the Agent:
Conditions Precedent to Initial Extensions of Credit. The obligation of each Lender to make the initial extensions of credit provided for hereunder is subject to the fulfillment, to the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 to this Agreement (the making of such initial extensions of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).
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Conditions Precedent to Initial Extensions of Credit. The obligations as of the Closing Date of the Banks to make any Revolving Credit Loans or Money Market Loans and of the LC Agent to issue Letters of Credit, are subject to the conditions precedent that the Agent shall have received on or before such day the following, in form and substance satisfactory to the Agent:
Conditions Precedent to Initial Extensions of Credit. The obligation of the Lenders to make the initial Loan or issue or participate in the initial Letter of Credit, if any, is subject to (a) the satisfaction of each of the conditions set forth in Sections 7.1 and 7.2 and (b) Administrative Agent’s receipt of duly executed One Stop Acquisition Documents.
Conditions Precedent to Initial Extensions of Credit. The obligation of each Lender to make its initial Advance and of each LC Issuing Bank to issue the initial Letter of Credit is subject to the conditions precedent that on or before the date of such Advance: The Administrative Agent shall have received the following, each dated the same date (except for the financial statements referred to in paragraph (iv) below), in form and substance satisfactory to the Administrative Agent and (except for the notes described in paragraph (i)) with one copy for each Lender and each LC Issuing Bank: A promissory note payable to the order of each Lender that requests one pursuant to Section 2.17; Certified copies of the resolutions of the Board of Directors of the Borrower approving this Agreement, and of all documents evidencing other necessary corporate action with respect to this Agreement;
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