Common use of Conditions Precedent to Initial Loan Clause in Contracts

Conditions Precedent to Initial Loan. The obligation of the Lender to make the initial Loan to the Company is subject to the conditions precedent that the Lender shall have received, on or before the day of such initial Loan, each of the following (which, in the case of instruments or documents, must be originals and in form and content satisfactory to the Lender):

Appears in 2 contracts

Sources: Revolving Credit Agreement (Artesian Resources Corp), Revolving Credit Agreement (Artesian Resources Corp)

Conditions Precedent to Initial Loan. The obligation of the Lender Bank to make the initial Loan to the Company Borrower is subject to the conditions precedent that the Lender Bank shall have received, received on or before the day of such initial Loan, Loan each of the following (whichfollowing, in the case of instruments or documents, must be originals and in form and content substance satisfactory to the Lender):Bank and its counsel:

Appears in 2 contracts

Sources: Credit Agreement (Alliance Semiconductor Corp /De/), Credit Agreement (Alliance Semiconductor Corp /De/)

Conditions Precedent to Initial Loan. The obligation of the Lender each Bank to make the its initial Loan to the Company Borrower is subject to the conditions precedent that the Lender Agent shall have received, received on or before the day of such initial Loan, Loan each of the following (whichfollowing, in the case of instruments or documents, must be originals and in form and content substance satisfactory to the Lender):Agent and its counsel and (except for the Notes) in sufficient copies for each Bank:

Appears in 2 contracts

Sources: Agented Revolving Credit Agreement (Americas Carmart Inc), Revolving Credit Agreement (Crown Group Inc /Tx/)

Conditions Precedent to Initial Loan. The obligation of the Lender Bank to make the initial Loan to the Company Borrower is subject to the conditions condition precedent that the Lender Bank shall have received, received on or before the day of such initial Loan, Loan each of the following (whichfollowing, in the case of instruments or documents, must be originals and in form and content substance satisfactory to the Lender):Bank and its counsel:

Appears in 2 contracts

Sources: Line of Credit, Security and Pledge Agreement (Allied Capital Lending Corp), Line of Credit Agreement (Allied Capital Lending Corp)

Conditions Precedent to Initial Loan. The obligation of the Lender Lenders to make the initial Loan to the Company is subject to the conditions precedent condition that the Lender shall have received, on or before the day of such initial Loan, each of the following (whichLenders, in or the case Agent, as applicable, shall have received each of instruments or documentsthe following, must be originals and in form and content substance satisfactory to the Lender):it:

Appears in 1 contract

Sources: Revolving Credit Agreement (Dingley Press, Inc.)

Conditions Precedent to Initial Loan. The obligation of the Lender Bank to make the its initial Loan to the Company Borrower is subject to the conditions precedent that the Lender Bank shall have received, received on or before the day of such initial Loan, Loan each of the following (whichfollowing, in the case of instruments or documents, must be originals and in form and content substance satisfactory to the Lender):Bank and its counsel:

Appears in 1 contract

Sources: Revolving Credit Agreement (Americas Carmart Inc)