Common use of Initial Conditions Precedent Clause in Contracts

Initial Conditions Precedent. The effectiveness of this Agreement and the obligation of the Administrative Agent and the Lenders to effect or permit the occurrence of the first Credit Event hereunder are subject to the satisfaction or waiver of the following conditions precedent:

Appears in 4 contracts

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust), Second Lien Credit Agreement (Pennsylvania Real Estate Investment Trust), Intercreditor Agreement (Pennsylvania Real Estate Investment Trust)

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Initial Conditions Precedent. The effectiveness of this Agreement and the obligation of the Administrative Agent Agent, the Issuing Banks and the Lenders to effect or permit the occurrence of the first Credit Event hereunder hereunder, whether as the making of a Loan or the issuance (or deemed issuance) of a Letter of Credit, are subject to the satisfaction or waiver of the following conditions precedent:

Appears in 4 contracts

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust), Intercreditor Agreement (Pennsylvania Real Estate Investment Trust), First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust)

Initial Conditions Precedent. The effectiveness of this Agreement and the obligation of the Administrative Agent and the Lenders to effect or permit the occurrence of the first Credit Event hereunder are hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

Appears in 3 contracts

Samples: Revolving Credit Agreement (Piedmont Office Realty Trust, Inc.), Credit Agreement (National Storage Affiliates Trust), Credit Agreement (National Storage Affiliates Trust)

Initial Conditions Precedent. The effectiveness of this Agreement on the date hereof (and the obligation of the Administrative Agent and the Lenders to effect or permit the occurrence of initial making of a Loan or the first issuance of a Letter of Credit Event hereunder are on the date of such effectiveness, if any) is subject to the satisfaction or waiver of the following conditions precedent: The Administrative Agent shall have received each of the following:

Appears in 3 contracts

Samples: Credit Agreement (General Growth Properties, Inc.), Credit Agreement (General Growth Properties, Inc.), Credit Agreement (General Growth Properties, Inc.)

Initial Conditions Precedent. The effectiveness of this Agreement and the obligation of the Administrative Agent and the Lenders to effect or permit the occurrence of the first Credit Event hereunder are hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent: The Administrative Agent shall have received each of the following, in form and substance reasonably satisfactory to the Administrative Agent:

Appears in 3 contracts

Samples: Credit Agreement (Equity One, Inc.), Credit Agreement (Equity One, Inc.), Credit Agreement (Equity One, Inc.)

Initial Conditions Precedent. The closing and effectiveness of this Agreement and the obligation of the Administrative Agent and the Lenders to effect or permit the occurrence of the first Credit Event hereunder are hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:precedent (as confirmed to the Lenders by Administrative Agent):

Appears in 2 contracts

Samples: Credit Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)

Initial Conditions Precedent. The closing and effectiveness of this Agreement and the obligation of the Administrative Agent and the Lenders to effect or permit the occurrence of the first Credit Event hereunder are is subject to the satisfaction or waiver of the following conditions precedent:precedent (as confirmed to the Lenders by Administrative Agent):

Appears in 2 contracts

Samples: Term Loan Agreement (CBL & Associates Properties Inc), Credit Agreement (CBL & Associates Properties Inc)

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Initial Conditions Precedent. The effectiveness of this Agreement and the obligation of the Administrative Agent Agent, the Issuing Bank and the Lenders to effect or permit the occurrence of the first Credit Event hereunder hereunder, whether as the making of a Loan or the issuance (or deemed issuance) of a Letter of Credit, are subject to the satisfaction or waiver of the following conditions precedent:

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Initial Conditions Precedent. The effectiveness of this Agreement and the obligation of the Administrative Agent and the Lenders to effect or permit the occurrence of the first Credit Event hereunder are hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent: The Administrative Agent shall have received each of the following, in form and substance satisfactory to the Administrative Agent:

Appears in 1 contract

Samples: Credit Agreement (Gladstone Commercial Corp)

Initial Conditions Precedent. The effectiveness of this Agreement and the obligation of the Administrative Agent and the Lenders to effect or permit the occurrence of the first Credit Event hereunder hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, and the effectiveness of the amendment and restatement of the Existing Credit Agreement, are subject to the satisfaction or waiver of the following conditions precedent:: (a) The Administrative Agent shall have received each of the following, in form and substance satisfactory to the Administrative Agent: (i) counterparts of this Agreement executed by each of the parties hereto;

Appears in 1 contract

Samples: Credit Agreement (Equity Lifestyle Properties Inc)

Initial Conditions Precedent. The effectiveness of this Agreement and the obligation of the Administrative Agent and the Lenders to effect or permit the occurrence of the first Credit Event hereunder are hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:: The Administrative Agent shall have received each of the following, in form and substance reasonably satisfactory to the Administrative Agent: counterparts of this Agreement executed by each of the parties hereto;

Appears in 1 contract

Samples: Credit Agreement (Equity One Inc)

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