Common use of Initial Closing Conditions Clause in Contracts

Initial Closing Conditions. The obligation of the Banks to make the initial Revolving Credit Loan to the Borrowers and to make the Swing Line Loans to the Borrowers are subject to the condition that, in addition to the satisfaction of the conditions precedent specified in Section 5.2 hereof and, with respect to the Swing Line Loans, the conditions

Appears in 1 contract

Sources: Loan Agreement (Res Care Inc /Ky/)

Initial Closing Conditions. The obligation of the Banks to make the -------------------------- initial Revolving Credit Loan to the Borrowers Loans and to make the Swing Line Loans to the Borrowers are Borrower is subject to the condition that, in addition to the satisfaction of the conditions precedent specified in Section 5.2 4.2 hereof and, with respect to the Swing Line Loans, the conditionsconditions precedent specified in Section 2.6A(iii) hereof, as of the Closing Date, the Banks shall have received the following from the Borrower, dated the Closing Date or such other date as shall be acceptable to the Banks:

Appears in 1 contract

Sources: Loan Agreement (Sypris Solutions Inc)

Initial Closing Conditions. The obligation of the Banks to make the initial Revolving Credit Loan to the Borrowers Loans and to make the Swing Line Loans to the Borrowers are Borrower on and after the Closing Date is subject to the condition that, in addition to the satisfaction of the conditions precedent specified in Section 5.2 4.2 hereof and, with respect to the Swing Line Loans, the conditionsconditions precedent specified in Section 2.6A(iii) hereof, as of the Closing Date, the Banks shall have received the following from the Borrower, dated the Closing Date or such other date as shall be acceptable to the Banks:

Appears in 1 contract

Sources: Loan Agreement (Sypris Solutions Inc)