Common use of Conditions Precedent to Initial Loans and Initial Letters of Credit Clause in Contracts

Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Lenders to make the initial Loans or the Issuing Lender to issue the initial Letter of Credit, whichever may occur first, is subject to the satisfaction (or waiver in accordance with Section 10.09) of the following conditions precedent:

Appears in 5 contracts

Samples: Loan and Guaranty Agreement (Delphi Corp), Loan and Guaranty Agreement (Delphi Corp), And Guaranty Agreement (Tower Automotive Inc)

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Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Lenders to make the initial Loans or the Issuing Lender Fronting Bank to issue the initial Letter of Credit, whichever may occur first, is subject to the satisfaction (or waiver in accordance with Section 10.09by the Initial Lenders) of the following conditions precedent:

Appears in 4 contracts

Samples: Security and Pledge Agreement (Ual Corp /De/), Loan and Guaranty Agreement (Ual Corp /De/), Guaranty and Security Agreement (Acterna Corp)

Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Lenders to make the initial Loans or and of the Issuing Lender Lenders to issue the initial Letter Letters of Credit, whichever may occur first, is subject to the satisfaction (or waiver by the Lenders in accordance with Section 10.0910.08 and by the Administrative Agent) of the following conditions precedent:

Appears in 3 contracts

Samples: Security Agreement (Delta Air Lines Inc /De/), Collateral Trust Agreement (Delta Air Lines Inc /De/), Security Agreement (Delta Air Lines Inc /De/)

Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Lenders to make the initial Loans and fund their Credit-Linked Deposits or of the Issuing Lender to issue the initial Letter of Credit, whichever may occur first, is subject to the satisfaction (or waiver in accordance with Section 10.0910.08) of the following conditions precedent:

Appears in 2 contracts

Samples: First Lien Security Agreement (Delta Air Lines Inc /De/), Credit and Guaranty Agreement (Delta Air Lines Inc /De/)

Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Lenders to make the initial Loans or the Issuing Lender Bank to issue the initial Letter of Credit, whichever may occur first, is subject to the satisfaction (or waiver in accordance with Section 10.099.02) of the following conditions precedent:

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Kaiser Aluminum Corp)

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Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Lenders to make the initial Loans or the Issuing Lender to issue the initial Letter of Credit, whichever may occur first, is subject to the satisfaction (or waiver in accordance with Section 10.0910.09 or delay or other treatment as provided in Section 1.04) of the following conditions precedent:

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Collins & Aikman Corp)

Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Lenders to make the initial Loans or the Issuing Lender to issue the initial Letter of Credit, whichever may occur first, is subject to the satisfaction (or waiver in accordance with Section 10.0910.08) of the following conditions precedent:

Appears in 1 contract

Samples: Loan and Guaranty Agreement (Ual Corp /De/)

Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Lenders to make the initial Loans or the Issuing Lender Bank to issue the initial Letter of Credit, whichever may occur first, is subject to the satisfaction (or waiver in accordance with Section 10.0911.10) of the following conditions precedent:

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Kaiser Aluminum & Chemical Corp)

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