Common use of Initial Advances on the Closing Date Clause in Contracts

Initial Advances on the Closing Date. The obligation of each Lender to make the initial Advance to be made by it on the Closing Date, is subject to the following conditions precedent, each of which shall be satisfied prior to the making of the initial Advances (unless all of the Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 7 contracts

Samples: Loan Agreement (Station Casinos Inc), Loan Agreement (MGM Mirage), Loan Agreement (Anchor Gaming)

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Initial Advances on the Closing Date. The obligation of each Lender to make the initial Advance to be made by it on the Closing Date, is subject to the following conditions precedent, each of which shall be satisfied prior to the making of the initial Advances advances (unless all of the Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 2 contracts

Samples: Credit Agreement (Hard Rock Hotel Inc), Loan Agreement (Hard Rock Hotel Inc)

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Initial Advances on the Closing Date. The obligation of each ------------------------------------ Lender to make the initial Advance to be made by it on the Closing Date, is subject to the following conditions precedent, each of which shall be satisfied prior to the making of the initial Advances (unless all of the Lenders, in their sole and absolute discretion, shall agree otherwise):

Appears in 1 contract

Samples: Loan Agreement (MGM Grand Inc)

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