Common use of Initial and Subsequent Loans Clause in Contracts

Initial and Subsequent Loans. The obligation of any Bank or Issuing Lender to make a Loan (including any such Bank’s initial Loan), and of any Issuing Lender to issue, amend, renew or extend any Letter of Credit (each of the foregoing, a “Credit Event”) is subject to the conditions precedent that, both immediately prior to such Credit Event and also after giving effect thereto and to the intended use thereof:

Appears in 4 contracts

Samples: Revolving Credit Agreement (Motorola Solutions, Inc.), Revolving Credit Agreement (Motorola Solutions, Inc.), Revolving Credit Agreement (Motorola Solutions, Inc.)

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Initial and Subsequent Loans. The obligation of any Bank or Issuing Lender to make a any Loan (including any Money Market Loan and such Bank’s 's initial Syndicated Loan)) to the Borrowers upon the occasion of each borrowing hereunder, and or of any Issuing Lender Bank to issue, amend, renew or extend any Letter of Credit (each of the foregoingCredit, a “Credit Event”) is subject to the further conditions precedent that, both immediately prior to the making of such Credit Event Loan or the issuance, amendment, renewal or extension of such Letter of Credit, as the case may be, and also after giving effect thereto and to the intended use thereof:

Appears in 1 contract

Samples: Credit Agreement (Pitney Bowes Inc /De/)

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Initial and Subsequent Loans. The obligation of any Bank or Issuing Lender the Lenders to make a any Loan to the Borrower upon the occasion of each borrowing hereunder (including any such Bank’s initial Loanthe borrowing on the Restatement Effective Date), and the obligation of any the Issuing Lender Bank to issue, amend, renew or extend issue any Letter of Credit (each of the foregoinghereunder, a “Credit Event”) is subject to the conditions precedent that, both immediately prior to the making of such Loan or issuance of such Letter of Credit Event and also after giving effect thereto and to the intended use thereofthereto:

Appears in 1 contract

Samples: Credit Agreement (Sinclair Broadcast Group Inc)

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