Common use of Conditions to Closing and Initial Advances Clause in Contracts

Conditions to Closing and Initial Advances. No Lender shall be obligated to make any Advance hereunder on the occasion of the Initial Advance, nor shall any Lender, the Agent, the Backup Servicer or the Trustee be obligated to take, fulfill or perform any other action hereunder, until the following conditions have been satisfied, in the sole discretion of, or waived in writing by, the Agent and each Lender:

Appears in 3 contracts

Samples: Loan Funding and Servicing Agreement (Kohlberg Capital CORP), Loan Funding and Servicing Agreement (Kohlberg Capital CORP), Loan Funding and Servicing Agreement (Patriot Capital Funding, Inc.)

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Conditions to Closing and Initial Advances. No Lender shall be obligated to make any Advance or any Swingline Advance hereunder on the occasion of the Initial Advance, nor shall any Lender, the Deal Agent, the Backup Servicer or the Trustee Collateral Custodian be obligated to take, fulfill or perform any other action hereunder, until the following conditions have been satisfied, in the sole discretion of, or waived in writing by, the Agent and each LenderDeal Agent:

Appears in 2 contracts

Samples: Loan Funding and Servicing Agreement (American Capital Strategies LTD), Funding and Servicing Agreement (American Capital Strategies LTD)

Conditions to Closing and Initial Advances. No Lender shall be obligated to make any Advance hereunder on the occasion of the Initial initial Advance, nor shall any Lender, the Agent, the Backup Servicer Administrative Agent or the Trustee Managing Agents be obligated to take, fulfill or perform any other action hereunder, until the following conditions have been satisfied, in the sole discretion of, or waived in writing by, the Agent and each LenderManaging Agents:

Appears in 1 contract

Samples: Credit Agreement (Gladstone Capital Corp)

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Conditions to Closing and Initial Advances. No Lender shall be obligated to make any Advance hereunder on the occasion of the Initial initial Advance, nor shall any Lender, the Deal Agent, the Liquidity Agent, the Backup Servicer or the Trustee Collateral Custodian be obligated to take, fulfill or perform any other action hereunder, until the following conditions have been satisfied, in the sole discretion of, or waived in writing by, the Agent and each LenderDeal Agent:

Appears in 1 contract

Samples: Loan Funding and Servicing Agreement (American Capital Strategies LTD)

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