Common use of First Borrowing Clause in Contracts

First Borrowing. The obligations of the Lenders to make the initial Loans and of the Issuing Banks to issue the initial Letters of Credit hereunder shall be subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Credit Agreement (Millennium America Inc), Credit Agreement (Millennium Chemicals Inc)

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First Borrowing. The obligations of the Lenders Banks to make Loans on the initial Loans and date of the Issuing Banks to issue the initial Letters of Credit hereunder shall be first Borrowing under this Agreement are subject to the satisfaction of the following conditions:

Appears in 2 contracts

Samples: Credit Agreement (Avista Corp), Credit Agreement (Avista Corp)

First Borrowing. The obligations of the Lenders to make the initial Loans and hereunder on the occasion of the Issuing Banks to issue the initial Letters of Credit hereunder shall be first Borrowing are subject to the satisfaction of the following conditions, in addition to those set forth in Section 4.03:

Appears in 1 contract

Samples: Credit Agreement (Winstar Communications Inc)

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First Borrowing. The obligations of the Lenders to make Loans on the initial Loans and date of the Issuing Banks to issue the initial Letters of Credit hereunder shall be first Borrowing under this Agreement are subject to the satisfaction of the following conditions:

Appears in 1 contract

Samples: Credit Agreement (Avista Corp)

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