Common use of Conditions Precedent to the Initial Revolving and Term Advances and the Initial Letter of Credit Clause in Contracts

Conditions Precedent to the Initial Revolving and Term Advances and the Initial Letter of Credit. The Lender's obligation to make the initial Revolving Advance, cause to be issued any Letter of Credit, or make the one time disbursement of the Term Advance 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 2 contracts

Samples: Credit and Security Agreement (Royal Precision Inc), Credit and Security Agreement (Royal Precision Inc)

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Conditions Precedent to the Initial Revolving and Term Advances and the Initial Letter of Credit. The Lender's obligation to make the initial Revolving Advance, Term A Advance, and Term B Advance, or to cause to be issued any the initial Letter of CreditCredit hereunder, or make the one time disbursement of the Term Advance 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 (Pemco Aviation Group Inc)

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Conditions Precedent to the Initial Revolving and Term Advances and the Initial Letter of Credit. The Lender's obligation to make the initial Revolving Advance, cause to be issued any Letter of Credit, or make the one time disbursement of the Second Term Advance 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 (Royal Precision Inc)

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