Common use of Conditions Precedent to the Initial Advance Clause in Contracts

Conditions Precedent to the Initial Advance. The obligation of the Lender to make the initial Advance under the Credit Facility shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender:

Appears in 3 contracts

Samples: Credit and Security Agreement (Shop at Home Inc /Tn/), Credit and Security Agreement (Larson Davis Inc), Credit and Security Agreement (Sunrise Educational Services Inc)

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Conditions Precedent to the Initial Advance. The obligation of the each Lender to make the its initial Advance under the Credit Facility shall be is subject to and conditional upon the condition precedent that the Lender shall have received all fulfilment of the following, each in form and substance satisfactory to following conditions precedent at the Lendertime the initial Advance is made available:

Appears in 2 contracts

Samples: Credit Agreement, Assignment and Assumption (Acreage Holdings, Inc.)

Conditions Precedent to the Initial Advance. The obligation of the Lender to make the initial Advance under the Credit Facility Facility, or causing to be issued any Letter of Credit hereunder shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender:

Appears in 1 contract

Samples: Credit and Security Agreement (Crager Industries Inc)

Conditions Precedent to the Initial Advance. The obligation of the Lender to make the initial Advance under the Revolving Credit Facility shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender in Lender:’s sole discretion.

Appears in 1 contract

Samples: Foreign Accounts Credit and Security Agreement (Synergetics Usa Inc)

Conditions Precedent to the Initial Advance. The obligation of the Lender to make the initial Advance under the Revolving Credit Facility or to cause to be issued any Letter of Credit hereunder shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender in Lender:’s sole discretion.

Appears in 1 contract

Samples: Patent, Trademark and License Collateral Assignment and Security Agreement (Synergetics Usa Inc)

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Conditions Precedent to the Initial Advance. The obligation of the Lender to make the initial Advance under the Credit Facility or to issue or to cause the Issuer to issue the initial Letter of Credit shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender:

Appears in 1 contract

Samples: Credit and Security Agreement (Data National Corp)

Conditions Precedent to the Initial Advance. The obligation of the each Lender to make the an initial Advance under hereunder and of the Issuing Bank to issue an initial Letter of Credit Facility shall be are subject to the condition following conditions precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lenderbeing satisfied:

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Interstate Hotels & Resorts Inc)

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