First Loans Clause Samples

First Loans. On the Closing Date:
View SourceView Similar (40)
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:
View SourceView Similar (3)
First Loans. 22 6.2 Each Additional Loan............................................................................................24 7. COVENANTS................................................................................................................... 24
View SourceView Similar (3)
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...
View SourceView Similar (3)
First Loans. 38 SECTION 5.2 EACH CREDIT EVENT............................................41
View Source
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.
View Source
First Loans. On the Initial Funding Date:
View Source
First Loans 
View SourceView Similar (12)

Related to First Loans

  • First Loans and Letters of Credit On the Closing Date:

  • Initial Loans This Agreement shall not become effective nor shall the Lenders be required to make the initial Loans unless (i) since December 31, 2009, no event, development or circumstance shall have occurred that has had, or could reasonably be expected to have, a material adverse effect on the business, assets, operations or financial condition of Harley and its subsidiaries taken as a whole and (ii) the Borrowers shall have (a) paid all fees required to be paid in connection with the execution of this Agreement, (b) furnished to the Global Administrative Agent, with sufficient copies (other than in the case of any Notes) for each of the Lenders, such documents as the Global Administrative Agent or any Lender or its counsel may have reasonably requested, including, without limitation, all of the documents reflected on the List of Closing Documents attached as Exhibit D to this Agreement, (c) obtained all governmental and third party approvals necessary in connection with the financing contemplated hereby and the continuing operations of Harley and its Subsidiaries (including the Borrowers) and such approvals remain in full force and effect, (d) delivered to the Lenders (1) audited consolidated financial statements of Harley (on a Consolidated basis), (2) unaudited Consolidated financial statements of Harley (excluding HDFS and its Subsidiaries), (3) audited Consolidated financial statements of HDFS and its Subsidiaries (on a Consolidated basis), in the case of each of the foregoing clauses (1), (2) and (3), for the two most recent fiscal years ended prior to the Closing Date as to which such financial statements are available and (4) financial statement projections of (A) Harley (on a Consolidated basis), (B) Harley (excluding HDFS and its Subsidiaries) and (C) HDFS and its Subsidiaries, in the case of each of the foregoing clauses (A), (B) and (C), for the 2010 fiscal year, together with key underlying assumptions in reasonable detail and (e) delivered evidence reasonably satisfactory to the Global Administrative Agent of the payment of all principal, interest, fees and premiums, if any, on all Indebtedness under the Existing Credit Agreement, and the termination of the applicable agreements relating thereto, all taking effect concurrently with the effectiveness of this Agreement; provided that any Lender hereunder which is also a “Lender” under the Existing Credit Agreement hereby waives any requirement of five (5) Business Days notice by the “Borrowers” under the Existing Credit Agreement prior to the reduction of the commitments thereunder and the termination thereof.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Term Loan Advances Subject to Section 2.4(b), the principal amount outstanding under the Term Loan Advances shall accrue interest at a floating per annum rate equal to the greater of (A) two and one-quarter of one percent (2.25%) above the Prime Rate and (B) (1) with respect to the Term A Loan Advance and the Term B Loan Advance, seven and one-half of one percent (7.50%) and (2) with respect to the Term C Loan Advance, seven percent (7.0%), which interest, in each case, shall be payable monthly in accordance with Section 2.4(d) below.”