First Loans and Letters of Credit Sample Clauses

First Loans and Letters of Credit. On the Closing Date:
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First Loans and Letters of Credit. The obligation of each Lender to make the Term A-1 Loan and any other Loans requested by the Borrower on the Closing Date, and the obligation of the Issuing Lender to issue any Letters of Credit 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 and Letters of Credit. The occurrence of the Closing Date and the effectiveness of the Commitments of the Lenders is subject to the satisfaction of the following conditions precedent:
First Loans and Letters of Credit. On the Closing Date, the Administrative Agent shall have received each of the following in form and substance reasonably satisfactory to the Administrative Agent:
First Loans and Letters of Credit. On or before the date of the first Loan made or first Letter of Credit issued hereunder: Officer's Certificate. The representations and warranties of each of the Loan Parties contained in Section 6.1 and in each of the other Loan Documents shall be true 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 each of the Loan Parties 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 or shall exist; and there shall be delivered to the Agent for the benefit of each Bank a certificate of each of the Loan Parties, dated the Closing Date and signed by the Chief Executive Officer, President, Vice President, Chief Financial Officer, Treasurer, or Controller of each of the Loan Parties, to each such effect.
First Loans and Letters of Credit. Section 7.1.1(xiii) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
First Loans and Letters of Credit. On the Initial Loan Date:
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First Loans and Letters of Credit 

Related to First Loans and Letters of Credit

  • New Letters of Credit So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Existing Letters of Credit The parties hereto agree that the Existing Letters of Credit shall be deemed Letters of Credit for all purposes under this Agreement, without any further action by the Borrower.

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