Conditions to First Extension of Credit Sample Clauses

Conditions to First Extension of Credit. Before the first extension of credit:
Sample 1Sample 2Sample 3See All (20)
AutoNDA by SimpleDocs
Conditions to First Extension of Credit. The Bank must receive the following items, in form and content acceptable to the Bank, before it is required to extend any credit to the Borrower under this Agreement:
Sample 1Sample 2Sample 3
Conditions to First Extension of Credit. The obligation of the Lenders to make the first extension of credit hereunder, whether in the form of a Borrowing or the issuance of a Letter of Credit by the L/C Issuer, is subject to the following conditions precedent (any one or more of which the Lenders may waive in their sole discretion):
Sample 1
Conditions to First Extension of Credit. In addition to the conditions precedent set forth in Article 6, the obligation of the Credit Parties to make the initial Extension of Credit shall not become effective until each of the following conditions precedent have been satisfied (or waived in accordance with Section 11.1):
Sample 1
Conditions to First Extension of Credit. Before the first extension of credit to the Borrower or, as the case may be, to an Acceptable Subsidiary:
Sample 1

Related to Conditions to First Extension of Credit

  • Conditions to Each Extension of Credit The agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent:

  • Conditions to Initial Extension of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • Conditions to Initial Credit Extension The obligation of each Lender to make a Credit Extension hereunder on the Closing Date is subject to satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent:

  • Conditions to Each Credit Extension The obligation of each Lender to make any Credit Extension (other than the conversion or continuation of a Loan) on any Credit Date, including the Closing Date (except as otherwise specified), is subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions precedent:

  • Conditions Precedent to Initial Extension of Credit The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

  • Conditions to Credit Extensions SECTION 4.01. Conditions to Initial Credit Extension........................62 SECTION 4.02. Conditions to All Credit Extensions...........................67 ARTICLE V

  • Conditions Precedent to Each Extension of Credit Before any extension of credit governed by this agreement, whether by disbursement of a loan, issuance of a letter of credit or otherwise, the following conditions must be satisfied:

  • Conditions to Initial Extensions of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, immediately prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • CONDITIONS OF EACH EXTENSION OF CREDIT The obligation of Bank to make each extension of credit requested by Borrower hereunder shall be subject to the fulfillment to Bank's satisfaction of each of the following conditions:

Time is Money Join Law Insider Premium to draft better contracts faster.