Common use of Conditions to Initial Borrowing Clause in Contracts

Conditions to Initial Borrowing. The obligation of each Lender to make a Borrowing 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:

Appears in 5 contracts

Samples: Credit Agreement (JOANN Inc.), Credit Agreement (Jo-Ann Stores Holdings Inc.), Credit Agreement (Mattress Firm Holding Corp.)

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Conditions to Initial Borrowing. The obligation of each Lender to make a Borrowing Loan hereunder on the Closing Date is subject to satisfaction (or waiver) of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent:

Appears in 4 contracts

Samples: Credit Agreement (Global Eagle Entertainment Inc.), Second Lien Credit Agreement (Global Eagle Entertainment Inc.), Credit Agreement (Jason Industries, Inc.)

Conditions to Initial Borrowing. The obligation obligations of each Lender Lenders to make a the initial Borrowing hereunder on the Closing Date is subject to satisfaction of the following conditions precedent, except as otherwise agreed between precedent on or before the Borrower and the Administrative AgentClosing Date:

Appears in 4 contracts

Samples: Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md), Credit Agreement (Prentiss Properties Trust/Md)

Conditions to Initial Borrowing. The obligation of each Lender to make a Borrowing hereunder on the Closing Date is subject to satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative AgentAgent or as otherwise set forth in Section 6.16 and on Schedule 1.01A:

Appears in 3 contracts

Samples: Credit Agreement (Chinos Holdings, Inc.), Credit Agreement (J Crew Group Inc), Credit Agreement (J Crew Group Inc)

Conditions to Initial Borrowing. The obligation of each Lender to make fund a Borrowing hereunder hereunder, or to continue its loans hereunder, on the Closing Date is subject to satisfaction of the following conditions precedent, except as otherwise agreed between among the Borrower Parent and the Administrative Agent:

Appears in 2 contracts

Samples: Credit Agreement (ARC Group Worldwide, Inc.), Credit Agreement

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Conditions to Initial Borrowing. The obligation of each Lender to make a Borrowing hereunder fund the Loans on the Closing Date is subject to satisfaction or due waiver in accordance with Section 11.01 of each of the following conditions precedentprecedent set forth in this Section 4.01, except as otherwise agreed between the Borrower and the Administrative Agent:Agent (and the making of such Loans on the Closing Date by a Lender are conclusively deemed to be its satisfaction with, or waiver of, the conditions precedent).

Appears in 1 contract

Samples: Credit Agreement (Nortek Inc)

Conditions to Initial Borrowing. The obligation of each Lender to make a Borrowing Loan hereunder on the Closing Date and the obligation of the Issuing Bank to issue, extend, increase or renew Letters of Credit hereunder on the Closing Date is subject to satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower Borrowers and the Administrative Agent:

Appears in 1 contract

Samples: Credit Agreement (Cra International, Inc.)

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