Conditions Precedent to the Initial Loans. The obligations of the Lenders to make the Loans constituting the initial borrowings are subject to the condition precedent that on or before the Effective Date each of the following documents shall have been delivered to the Agent in form and substance satisfactory to the Agent and its counsel, and each of the following actions shall have been performed to the satisfaction of the Agent and its counsel:
Appears in 2 contracts
Samples: Credit Agreement (Hawk Corp), Credit Agreement (Huttig Building Products Inc)
Conditions Precedent to the Initial Loans. The obligations of the Initial Lenders to make the Loans constituting the initial borrowings are subject to the condition precedent that on or before the Effective Date each of the following documents shall have been delivered to the Agent in form and substance satisfactory to the Agent and its counsel, and each of the following actions shall have been performed to the satisfaction of the Agent and its counsel:
Appears in 2 contracts
Samples: Credit Agreement (Act Manufacturing Inc), Credit and Security Agreement (Option Care Inc/De)
Conditions Precedent to the Initial Loans. The obligations of the Initial Lenders to make the Loans constituting the initial borrowings are subject to the condition precedent that on or before the Effective Date each of the following documents shall have been delivered to the Agent and, where so required below in this Section 4.01, to the Lenders, in form and substance satisfactory to the Agent and its counsel, and each of the following actions shall have been performed to the satisfaction of the Agent and its counsel:
Appears in 1 contract
