Common use of First Borrowing by Each Eligible Subsidiary Clause in Contracts

First Borrowing by Each Eligible Subsidiary. The obligation of each Bank to make a Loan on the occasion of the first Borrowing by each Eligible Subsidiary is subject to the satisfaction of the following further conditions:

Appears in 18 contracts

Samples: Revolving Credit Agreement (Eaton Corp), Credit Agreement (Allergan Inc), Credit Agreement (Analog Devices Inc)

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First Borrowing by Each Eligible Subsidiary. The obligation of each Bank Lender to make a Loan Loan, and the obligation of each Issuing Bank to issue a Letter of Credit, on the occasion of the first Borrowing by or issuance of a Letter of Credit for the account of each Eligible Subsidiary is subject to the satisfaction of the following further conditions:

Appears in 3 contracts

Samples: Credit Agreement (Cummins Inc), Credit Agreement (Cummins Inc), Assignment and Assumption (Cummins Inc)

First Borrowing by Each Eligible Subsidiary. The obligation of each Bank Lender to make a Loan Loan, on the occasion of the first Borrowing by each Eligible Subsidiary is subject to the satisfaction of the following further conditions:

Appears in 3 contracts

Samples: Credit Agreement (Cummins Inc), Day Credit Agreement (Cummins Inc), Credit Agreement (Estee Lauder Companies Inc)

First Borrowing by Each Eligible Subsidiary. The obligation of each Bank to make a Loan or issue a Letter of Credit on the occasion of the first Borrowing Request or request for issuance of a Letter of Credit by each Eligible Subsidiary is subject to the satisfaction of the following further conditions:

Appears in 2 contracts

Samples: Credit Agreement (Macdermid Inc), Credit Agreement (Macdermid Inc)

First Borrowing by Each Eligible Subsidiary. The obligation of each Bank to make a Loan Loan, and the obligation of an Issuing Bank to issue a Letter of Credit, on the occasion of the first Borrowing by or issuance of a Letter of Credit for the account of each Eligible Subsidiary is subject to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Credit Agreement (Universal Health Services Inc)

First Borrowing by Each Eligible Subsidiary. The obligation of each Bank Lender to make a Loan on the occasion of the first Borrowing by each Eligible Subsidiary is subject to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Credit Agreement (TRW Inc)

First Borrowing by Each Eligible Subsidiary. The obligation of each Bank to make a Loan on the occasion of the first Borrowing by each Eligible Subsidiary Subsidiary, is subject to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Credit Agreement (Ck Witco Corp)

First Borrowing by Each Eligible Subsidiary. The obligation of each Bank Lender to make a Loan an Advance on the occasion of the first Borrowing borrowing by each Eligible Subsidiary is subject to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Tycom LTD)

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First Borrowing by Each Eligible Subsidiary. The obligation of each Bank to make a Loan on the occasion of Funding Date for the first Borrowing by each Eligible Subsidiary is subject to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Polaroid Corp)

First Borrowing by Each Eligible Subsidiary. The obligation of each Bank to make a Loan on the occasion of the first Borrowing by each Eligible Subsidiary is subject to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Credit Agreement (Witco Corp)

First Borrowing by Each Eligible Subsidiary. The obligation of each Bank to make a Loan on the occasion of the first Borrowing by each Eligible Subsidiary Subsidiary, and of the Issuing Bank to issue a Letter of Credit on the occasion of the first Letter of Credit issued for the account of each Eligible Subsidiary, is subject to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Credit Agreement (Ck Witco Corp)

First Borrowing by Each Eligible Subsidiary. The obligation of each Bank Lender to make a Loan on the occasion of the first Borrowing by each Eligible Subsidiary is Subsidiary, and of the LC Issuing Bank to issue an initial Letter of Credit for the account of each Eligible Subsidiary, are subject to the satisfaction of the following further conditions:

Appears in 1 contract

Samples: Execution (SFX Entertainment Inc)

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