Common use of Initial Availability Clause in Contracts

Initial Availability. Lenders will not be obligated to make any Loan hereunder unless, on or before the date of such Loan, the Administrative Agent has received, in addition to this Agreement, executed by EDS as of the Availability Date, all of the items described below in form and substance reasonably satisfactory to the Administrative Agent:

Appears in 2 contracts

Samples: Credit Agreement (Electronic Data Systems Corp /De/), Credit Agreement (Electronic Data Systems Corp /De/)

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Initial Availability. Lenders will not be obligated to make any Loan hereunder unless, on or before the date of such Loan, the Administrative Agent has received, in addition to this Agreement, executed by EDS as of the Availability DateEDS, all of the items described below in form and substance reasonably satisfactory to the Administrative Agent:

Appears in 2 contracts

Samples: Credit Agreement (Electronic Data Systems Corp /De/), Credit and Term Loan Agreement (Electronic Data Systems Corp /De/)

Initial Availability. The Lenders will not be obligated to make any Loan hereunder unless, on or before the date of such Loan, the Administrative Agent has received, in addition to this Agreement, executed by EDS as of the Availability Date, all of the items described below in form and substance reasonably satisfactory to the Administrative Agent:

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Electronic Data Systems Corp /De/)

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Initial Availability. Lenders will not be obligated to make any Loan and the Fronting Banks will not be obligated to issue Letters of Credit hereunder unless, on or before the date of such LoanLoan or issuance of such Letter of Credit, the Administrative Agent has received, in addition to this Agreement, executed by EDS as of the Availability Date, all of the items described below in form and substance reasonably satisfactory to the Administrative Agent:

Appears in 1 contract

Samples: Electronic Data Systems Corp /De/

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