First Loans Clause Samples

First Loans. The obligation of each Lender to make the Term A-1 Loan and any other Loans requested by the Borrower on the Closing Date are subject to the satisfaction of the following conditions on or before the Closing Date:

First Loans. 22 6.2 Each Additional Loan............................................................................................24 7. COVENANTS................................................................................................................... 24

First Loans. In addition to the conditions precedent set forth in Section 5.2, the obligation of each Lender to make Loans on the first borrowing date shall be subject to the fulfillment of the following conditions (or the waiver thereof in accordance with Section 10.2): (a) This Credit Agreement shall have become effective in accordance with Section 10.13. (b) The Administrative Agent shall have received a Note for each Lender signed on behalf of the Borrower. (c) The Administrative Agent shall have received a favorable written opinion (addressed to the Credit Parties and dated the earlier of the first borrowing date and date on which the conditions set forth in this Section 5.1 are satisfied) from (i) LeBoeuf, Lamb, Greene & MacRae, LLP, special counsel to the Borrower, and (i▇) ▇▇▇lia▇ ▇. ▇inn, Corporate Counsel of the Borrower, each in ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇nce satisfactory to the Administrative Agent. The Borrower hereby requests such counsel to deliver such opinion. (d) The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower, the authorization of the Transactions and any other legal matters relating to the Borrower, the Loan Documents or the Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel. (e) The Administrative Agent shall have received evidence that the Existing Credit Agreement has been terminated, all amounts due thereunder have been paid, all guarantees, if any, thereof have been terminated and all security interests, if any, securing the obligations thereunder have been released. (f) The Administrative Agent shall have received a certificate, dated the earlier of the first borrowing date and date on which the conditions set forth in this Section 5.1 are satisfied and signed by the President, a Vice President or a Financial Officer of the Borrower, (i) confirming compliance with the conditions set forth in paragraphs (a) and (b) of Section 5.2 and (ii) certifying that except as disclosed in the Pre-Closing 1934 Act Reports, since December 31, 1998, there has been no material adverse change in the financial condition, operations or properties of the of the Borrower (on an individual basis) or the Borrower and the Subsidiaries, taken as a whole. (g) The Administrative Agent shall have received counterparts of a security agreement, in form and substance satisfac...

First Loans. 38 SECTION 5.2 EACH CREDIT EVENT............................................41

First Loans. On the Closing Date: (a) Representations and Warranties True and Complete, No Defaults. The representations and warranties of the Borrowers contained in Article V shall be true, complete, and accurate on and as of the Closing Date with the same effect as though such representations and warranties had been made on and as of such date (except representations and warranties which relate solely to an earlier date or time, which representations and warranties shall be true and correct on and as of the specific dates or times referred to therein), and the Borrowers shall have performed and complied with all covenants and conditions hereof and thereof, no Event of Default or Potential Default shall have occurred and be continuing.

First Loans. On the Initial Funding Date:

First Loans