Common use of Conditions to Initial Credit Extension Clause in Contracts

Conditions to Initial Credit Extension. The obligation of each Lender to make a Loan or issue a Letter of Credit on the Closing Date is subject to the satisfaction of the following conditions:

Appears in 3 contracts

Samples: Credit Agreement (VeriFone Holdings, Inc.), Credit Agreement (VeriFone Holdings, Inc.), Credit Agreement (Central Credit, LLC)

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Conditions to Initial Credit Extension. The obligation of each Lender to make a Loan or issue a Letter maintain as Loans and Letters of Credit on hereunder the Closing Date is loans made to the Borrower and letters of credit issued for the account of the Borrower under the Existing Credit Agreement, and the agreement of each Lender to make any initial Credit Extension requested to be made by it hereunder, are subject to the satisfaction on the Closing Date, of the following conditionsconditions precedent:

Appears in 1 contract

Samples: Credit Agreement (NGAS Resources Inc)

Conditions to Initial Credit Extension. The obligation of each Lender to make a Loan or issue a Letter of Credit on the Closing Date is subject to the satisfaction of the following conditions, subject in all respects to the final paragraph of this Section 4.01:

Appears in 1 contract

Samples: Credit Agreement (Verifone Systems, Inc.)

Conditions to Initial Credit Extension. The obligation of each Lender to make a Loan or issue a Letter of Credit on the Closing Date is was subject to the satisfaction of the following conditions:. Solely for purposes of the historical conditions set forth in this Section 4.01, capitalized terms used in this Section 4.01 and defined in the Original Credit Agreement shall have the meanings specified in the Original Credit Agreement as applicable as of the Closing Date.

Appears in 1 contract

Samples: Credit Agreement (Global Cash Access, Inc.)

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Conditions to Initial Credit Extension. The obligation of each -------------------------------------- Lender to make a Loan or Loans on the Closing Date and the willingness of each Issuing Bank to issue a any Letter of Credit on the Closing Date is subject to the satisfaction satisfaction, immediately prior to or concurrently with the making of such Loan or issuance of such Letter of Credit, of the following conditionsconditions precedent, in addition to the conditions precedent set forth in Section 5.2 hereof:

Appears in 1 contract

Samples: Credit Agreement (Korn Ferry International)

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