Common use of First Borrowing Clause in Contracts

First Borrowing. On the date of this Agreement: (a) Each Bank shall have received a duly executed Note complying with the provisions of Section 2.05. (b) The Agent shall have received favorable written opinions of (i) Paine, Hamblen, Coff▇▇, ▇▇▇▇▇▇ & ▇ill▇▇, ▇▇neral counsel for the Borrower, and (ii)

First Borrowing. On the date of this Agreement: (a) Each Bank shall have received a duly executed Note complying with the provisions of Section 2.052.04. (b) The Agent shall have received favorable written opinions of (i) Paine, Hamblen, Coff▇▇, ▇▇▇▇▇▇ & ▇ill▇▇, ▇▇neral counsel for the Borrower, and (ii)