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precedent:\n(a) The Agent shall have received each of the following, in form and substance satisfactory to the Agent:\n(i) counterparts of this Agreement executed by each of the parties hereto;\n(ii) Revolving Notes and Bid Rate Notes executed by the Borrower, payable to all Lenders and any Designated Lender, if applicable, and complying with the terms of Section 2.11.(a); and the Swingline Note executed by the Borrower;\n(iii) the Guaranty executed by the Parent and any other Person that would be required under Section 8.13. to become a party to the Guaranty as of the Effective Date;\n(iv) (A) an opinion of \u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587\u2587, counsel to the Borrower, the Parent and the other Guarantors addressed to the Agent and the Lenders and (B) an opinion of \u2587\u2587\u2587\u2587\u2587\u2587 & Bird LLP, counsel to the Agent addressed to the Agent and the Lenders;\n(v) the certificate or articles of incorporation, articles of organization, certificate of limited partnership, declaration of trust or other comparable organizational instrument (if any) of each Loan Party certified as of a recent date by the Secretary of State of the state of formation of such Person;\n(vi) a certificate of good standing (or certificate of similar meaning) with respect to each Loan Party issued as of a recent date by the Secretary of State of the state of formation of each such Person and certificates of qualification to transact business or other comparable certificates issued by each Secretary of State (and any state department of taxation, as applicable) of each state in which such Person is required to be so qualified;\n(vii) a certificate of incumbency signed by the Secretary or Assistant Secretary (or other individual performing similar functions) of each Loan Party with respect to each of the officers of such Person authorized to execute and deliver the Loan Documents to which such Person is a party, and in the case of the Borrower, authorized to execute and deliver on behalf of the Borrower Notices of Borrowing, Notices of Swingline Borrowing, requests for Letters of Credit, Notices of Conversion, Notices of Continuation and Bid Rate Quote Requests;\n(viii) copies certified by the Secretary or Assistant Secretary (or other individual performing similar functions) Loan Party of (A) the by-laws of such Person, if a corporation, the operating agreement, if a limited liability company, the partnership agreement, if a limited or general partnership, or other comparable document in the case of any other form of legal entity and (B) all corporate, partnership, member or other necessary action taken by such Person to authorize the execution, delivery and performance of the Loan Documents to which it is a party, if any;\n(ix) an Unencumbered Pool Certificate calculated as of the Effective Date;\n(x) a Compliance Certificate calculated on a pro forma basis for the Borrower\u2019s fiscal quarter ending December 31, 2006;\n(xi) evidence satisfactory to the Agent that the Existing Credit Agreement has been paid in full and that all commitments thereunder have been terminated;\n(xii) a Transfer Authorizer Designation Form effective as of the Agreement Date;\n(xiii) evidence satisfactory to the Agent that the Fees, if any, then due and payable under Section 3.6., together with all other fees, expenses and reimbursement amounts due and payable to the Agent and any of the Lenders, including without limitation, the fees and expenses of counsel to the Agent, have been paid; and\n(xiv) such other documents and instruments as the Agent, or any Lender through the Agent, may reasonably request; and\n(b) In the good faith judgment of the Agent:\n(i) There shall not have occurred or become known to the Agent or any of the Lenders any event, condition, situation or status since December 31, 2005, concerning the Borrower, the Parent, any other Loan Party or any other Subsidiary that has had or could reasonably be expected to result in a Material Adverse Effect;\n(ii) No litigation, action, suit, investigation or other arbitral, administrative or judicial proceeding shall be pending or threatened which could reasonably be expected to (A) result in a Material Adverse Effect or (B) restrain or enjoin, impose materially burdensome conditions on, or otherwise materially and adversely affect, the ability of any Loan Party to fulfill its obligations under the Loan Documents to which it is a party;\n(iii) The Borrower and the other Loan Parties shall have received all approvals, consents and waivers, and shall have made or given all necessary filings and notices as shall be required to consummate the transactions contemplated hereby (which approvals, consents and waivers shall be in full force and effect) without the occurrence of any default under, conflict with or violation of (A) any Applicable Law or (B) any agreement, document or instrument to which any Loan Party is a party or by 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"type": "definition", "offset": [5956, 5976]}, {"key": "filings-and-notices", "type": "clause", "offset": [6021, 6040]}, {"key": "contemplated-hereby", "type": "clause", "offset": [6093, 6112]}, {"key": "default-under", "type": "clause", "offset": [6143, 6156]}, {"key": "applicable-law", "type": "definition", "offset": [6196, 6210]}, {"key": "any-loan", "type": "clause", "offset": [6266, 6274]}, {"key": "requested-by", "type": "definition", "offset": [6929, 6941]}, {"key": "comply-with-requirements", "type": "clause", "offset": [6979, 7003]}, {"key": "money-laundering-laws", "type": "definition", "offset": [7016, 7037]}, {"key": "the-patriot-act", "type": "clause", "offset": [7070, 7085]}, {"key": "know-your-customer", "type": "definition", "offset": [7106, 7124]}, {"key": "rules-and-regulations", "type": "definition", "offset": [7126, 7147]}, {"key": "legal-entity-customer", "type": "definition", "offset": [7212, 7233]}, {"key": "beneficial-ownership-regulation", "type": "clause", "offset": [7245, 7276]}, {"key": "beneficial-ownership-certification", "type": "definition", "offset": [7365, 7399]}, {"key": "in-relation-to", "type": "clause", "offset": [7400, 7414]}, {"key": "each-case", "type": "definition", "offset": [7454, 7463]}, {"key": "prior-to-the-effective-date", "type": "clause", "offset": [7496, 7523]}], "snippet": "The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction of the following conditions precedent:\n(a) The Administrative Agent shall have received each of the following, in form and substance satisfactory to the Administrative Agent:\n(i) counterparts of this Agreement executed by each of the parties hereto;\n(ii) Notes of each Class executed by the Borrower, payable to each Lender of such Class (other than any Lender that has requested that it not receive a Note) and complying with the terms of Section 2.11.\n(a) and a replacement Swingline Note executed by the Borrower;\n(iii) the Guaranty executed by each of the Parent and each Material Subsidiary existing as of the Effective Date;\n(iv) the certificate or articles of incorporation or formation, articles of organization, certificate of limited partnership, declaration of trust or other comparable organizational instrument (if any) of each Loan Party certified (x) as of a recent date by the Secretary of State of the state of formation of such Loan Party and (y) by the Secretary or Assistant Secretary (or other individual performing similar functions) of such Loan Party as being a true, correct and complete copy thereof as of the Agreement Date;\n(v) a certificate of good standing (or certificate of similar meaning) with respect to each Loan Party issued as of a recent date by the Secretary of State of the state of formation of each such Loan Party and certificates of qualification to transact business or other comparable certificates issued as of a recent date by each Secretary of State (and any state department of taxation, as applicable) of each state in which such Loan Party is required to be so qualified and where failure to be so qualified could reasonably be expected to have a Material Adverse Effect;\n(vi) a certificate of incumbency signed by the Secretary or Assistant Secretary (or other individual performing similar functions) of each Loan Party with respect to each of the officers of such Loan Party authorized to execute and deliver the Loan Documents to which such Loan Party is a party, and in the case of the Borrower, authorized to execute and deliver on behalf of the Borrower Notices of Borrowing, Notices of Conversion, Notices of Continuation, Notices of Swingline Borrowing, and to request issuance of Letters of Credit;\n(vii) copies certified by the Secretary or Assistant Secretary (or other individual performing similar functions) of each Loan Party of (A) the by-laws of such Loan Party, if a corporation, the operating agreement, if a limited liability company, the partnership agreement, if a limited or general partnership, or other comparable document in the case of any other form of legal entity and (B) all corporate, partnership, member or other necessary action taken by such Loan Party to authorize the execution, delivery and performance of the Loan Documents to which it is a party;\n(viii) an opinion of counsel to the Loan Parties (other than any Accommodation Subsidiary that is not a Material Subsidiary), addressed to the Administrative Agent and the Lenders and covering such customary matters as may be required by the Administrative Agent;\n(ix) evidence that the Fees then due and payable under Section 3.5., together with all other fees, expenses and reimbursement amounts due and payable to the Administrative Agent, the Lead Arrangers and any of the Lenders, including without limitation, the fees and expenses of counsel to the Administrative Agent, have been paid;\n(x) a Compliance Certificate calculated as of the Effective Date (giving pro forma effect to the financing evidenced by this Agreement and the use of the proceeds of the Loans to be funded on the Agreement Date);\n(xi) [reserved];\n(xii) a Disbursement Instruction Agreement effective as of the Agreement Date;\n(xiii) evidence of repayment in full of (x) that certain Term Loan Agreement dated as of May 3, 2016, by and among the Borrower, the Parent, the financial institutions from time to time party thereto, KeyBank National Association, as administrative agent, and the other parties thereto, as amended by that certain First Amendment to Term Loan Credit Agreement dated as of April 26, 2017 and (y) that certain Term Loan Agreement dated as of April 26, 2017, by and among the Borrower, the Parent, the financial institutions from time to time party thereto, Regions Bank, as administrative agent, and the other parties thereto; and\n(xiv) such other documents, agreements and instruments as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably request. The provisions of clauses (iv) through (viii) of the immediately preceding subsection (a) shall not apply to Accommodation Subsidiaries that are not also Material Subsidiaries.\n(b) There shall not have occurred or become known to the Administrative Agent or any of the Lenders any event, condition, situation or status since the date of the information contained in the financial and business projections, budgets, pro forma data and forecasts concerning the Parent, the Borrower and its Subsidiaries delivered to the Administrative Agent and the Lenders prior to the Agreement Date that has had or could reasonably be expected to result in a Material Adverse Effect;\n(c) No litigation, action, suit, investigation or other arbitral, administrative or judicial proceeding shall be pending or threatened in writing which could reasonably be expected to (i) result in a Material Adverse Effect or (ii) restrain or enjoin, impose materially burdensome conditions on, or otherwise materially and adversely affect, the ability of the Borrower or any other Loan Party to fulfill its obligations under the Loan Documents to which it is a party;\n(d) The Parent, the Borrower and its Subsidiaries shall have received all approvals, consents and waivers, and shall have made or given all necessary filings and notices as shall be required to consummate the transactions contemplated hereby without the occurrence of any default under, conflict with or violation of (i) any Applicable Law or (ii) any agreement, document or instrument to which any Loan Party is a party or by which any of them or their respective properties is bound, except for such approvals, consents, waivers, filings and notices the receipt, making or giving of which would not reasonably be likely to (A) have a Material Adverse Effect, or (B) restrain or enjoin or impose materially burdensome conditions on, or otherwise materially and adversely affect the ability of the Borrower or any other Loan Party to fulfill its obligations under the Loan Documents to which it is a party; and\n(e) The Borrower and each other Loan Party shall have provided to the Administrative Agent and the Lenders the documentation and other information requested by the Administrative Agent in order to comply with requirements of any Anti-Money Laundering Laws, including, without limitation, the PATRIOT Act and any applicable \u201cknow your customer\u201d rules and regulations.\n(f) Each Loan Party or Subsidiary thereof that qualifies as a \u201clegal entity customer\u201d under the Beneficial Ownership Regulation shall have delivered to the Administrative Agent, and any Lender requesting the same, a Beneficial Ownership Certification in relation to such Loan Party or such Subsidiary, in each case at least five (5) Business Days prior to the Effective Date.", "size": 126, "hash": "9cb9b01ce99664b96106830db6a1551a", "id": 3}, {"samples": [{"hash": "53sZB6dReRn", "uri": "/contracts/53sZB6dReRn#initial-conditions-precedent", "label": "Term Loan Facility (Navios Maritime Partners L.P.)", "score": 34.4127311707, "published": true}, {"hash": "2GvA6IXFuKZ", "uri": "/contracts/2GvA6IXFuKZ#initial-conditions-precedent", "label": "Facility Agreement (Navios Maritime Partners L.P.)", "score": 33.9308700562, "published": true}, {"hash": "aIQZPRQPdJk", "uri": "/contracts/aIQZPRQPdJk#initial-conditions-precedent", "label": "Term Loan Facility (Okeanis Eco Tankers Corp.)", "score": 32.8343582153, "published": true}], "snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "utilisation-request", "type": "definition", "offset": [32, 51]}, {"key": "the-facility-agent", "type": "definition", "offset": [59, 77]}, {"key": "other-evidence", "type": "definition", "offset": [116, 130]}, {"key": "schedule-2", "type": "definition", "offset": [151, 161]}, {"key": "conditions-precedent", "type": "clause", "offset": [163, 183]}, {"key": "form-and-substance", "type": "clause", "offset": [188, 206]}, {"key": "to-the-facility", "type": "definition", "offset": [220, 235]}], "snippet": "The Borrowers may not deliver a Utilisation Request unless the Facility Agent has received all of the documents and other evidence listed in Part A of Schedule 2 (Conditions Precedent) in form and substance satisfactory to the Facility Agent.", "size": 45, "hash": "85ade742d402de1c40bc4775461ec948", "id": 6}, {"samples": [{"hash": "5WEB7HPGo2F", "uri": "/contracts/5WEB7HPGo2F#initial-conditions-precedent", "label": "Credit Agreement (Epr Properties)", "score": 35.5817947388, "published": true}, {"hash": "gN8d03Nostf", "uri": "/contracts/gN8d03Nostf#initial-conditions-precedent", "label": "Credit Agreement (Epr Properties)", "score": 34.1444206238, "published": true}, {"hash": "8cRQzQNVevo", "uri": "/contracts/8cRQzQNVevo#initial-conditions-precedent", "label": "Credit Agreement (Epr Properties)", "score": 32.761806488, "published": true}], "snippet_links": [{"key": "obligation-of-the-lenders", "type": "clause", "offset": [4, 29]}, {"key": "first-credit-event", "type": "clause", "offset": [72, 90]}, {"key": "making-of-a-loan", "type": "clause", "offset": [117, 133]}, {"key": "the-issuance", "type": "clause", "offset": [137, 149]}, {"key": "a-letter-of-credit", "type": "definition", "offset": [153, 171]}, {"key": "conditions-precedent", "type": "clause", "offset": [201, 221]}, {"key": "the-agent-shall", "type": "clause", "offset": [227, 242]}, {"key": "form-and-substance", "type": "clause", "offset": [283, 301]}, {"key": "executed-by", "type": "clause", "offset": [364, 375]}, {"key": "the-parties-hereto", "type": "clause", "offset": [384, 402]}, {"key": "by-the-borrower", "type": "clause", "offset": [424, 439]}, {"key": "each-lender", "type": "clause", "offset": [452, 463]}, {"key": "requested-by", "type": "definition", "offset": [468, 480]}, {"key": "complying-with", "type": "clause", "offset": [498, 512]}, {"key": "provisions-of", "type": "clause", "offset": [528, 541]}, {"key": "opinion-of-counsel-to-the-borrower", "type": "clause", "offset": [564, 598]}, {"key": "addressed-to", "type": "clause", "offset": [600, 612]}, {"key": "the-agent-and-the-lenders", "type": "clause", "offset": [613, 638]}, {"key": "appropriate-officer", "type": "definition", "offset": [743, 762]}, {"key": "the-state", "type": "clause", "offset": [766, 775]}, {"key": "duly-authorized-officer", "type": "definition", "offset": [818, 841]}, {"key": "representative-of-the-borrower", "type": "clause", "offset": [853, 883]}, {"key": "true-and-complete", "type": "clause", "offset": [891, 908]}, {"key": "corporate-charter", "type": "definition", "offset": [917, 934]}, {"key": "formation-document", "type": "definition", "offset": [944, 962]}, {"key": "in-effect", "type": "clause", "offset": [982, 991]}, {"key": "date-of-certification", "type": "definition", "offset": [1000, 1021]}, {"key": "a-certificate-of-good-standing", "type": "clause", "offset": [1027, 1057]}, {"key": "with-respect-to-the-borrower", "type": "clause", "offset": [1092, 1120]}, {"key": "the-secretary-of-state", "type": "clause", "offset": [1151, 1173]}, {"key": "formation-of-the", "type": "clause", "offset": [1190, 1206]}, {"key": "qualification-to-transact-business", "type": "clause", "offset": [1237, 1271]}, {"key": "issued-by", "type": "definition", "offset": [1305, 1314]}, {"key": "department-of-taxation", "type": "definition", "offset": [1354, 1376]}, {"key": "failure-to", "type": "clause", "offset": [1474, 1484]}, {"key": "could-reasonably-be-expected-to", "type": "definition", "offset": [1501, 1532]}, {"key": "material-adverse-effect", "type": "clause", "offset": [1540, 1563]}, {"key": "certificate-of-incumbency", "type": "definition", "offset": [1572, 1597]}, {"key": "signed-by-the", "type": "clause", "offset": [1598, 1611]}, {"key": "secretary-or-assistant-secretary", "type": "clause", "offset": [1612, 1644]}, {"key": "other-individual", "type": "definition", "offset": [1649, 1665]}, {"key": "officers-of-the", "type": "clause", "offset": [1740, 1755]}, {"key": "execute-and-deliver", "type": "clause", "offset": [1779, 1798]}, {"key": "a-party", "type": "clause", "offset": [1843, 1850]}, {"key": "notices-of-borrowing", "type": "definition", "offset": [1915, 1935]}, {"key": "notices-of-conversion", "type": "clause", "offset": [1965, 1986]}, {"key": "to-request", "type": "clause", "offset": [1991, 2001]}, {"key": "issuance-of-letters-of-credit", "type": "clause", "offset": [2006, 2035]}, {"key": "certified-by", "type": "definition", "offset": [2050, 2062]}, {"key": "a-corporation", "type": "clause", "offset": [2205, 2218]}, {"key": "the-operating-agreement", "type": "clause", "offset": [2220, 2243]}, {"key": "limited-liability-company", "type": "definition", "offset": [2265, 2290]}, {"key": "the-partnership-agreement", "type": "clause", "offset": [2292, 2317]}, {"key": "general-partnership", "type": "clause", "offset": [2350, 2369]}, {"key": "in-the-case", "type": "clause", "offset": [2400, 2411]}, {"key": "form-of", "type": "definition", "offset": [2425, 2432]}, {"key": "legal-entity", "type": "definition", "offset": [2433, 2445]}, {"key": "action-taken", "type": "definition", "offset": [2509, 2521]}, {"key": "the-execution", "type": "clause", "offset": [2550, 2563]}, {"key": "performance-of-the-loan-documents", "type": "clause", "offset": [2578, 2611]}, {"key": "the-fees", "type": "clause", "offset": [2643, 2651]}, {"key": "due-and-payable", "type": "clause", "offset": [2657, 2672]}, {"key": "fees-payable-to-the-agent", "type": "clause", "offset": [2709, 2734]}, {"key": "agents-and-the-lenders", "type": "clause", "offset": [2747, 2769]}, {"key": "prior-to-the-effective-date", "type": "clause", "offset": [2776, 2803]}, {"key": "a-compliance-certificate", "type": "clause", "offset": [2810, 2834]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [2842, 2866]}, {"key": "based-on", "type": "clause", "offset": [2868, 2876]}, {"key": "financial-results", "type": "definition", "offset": [2877, 2894]}, {"key": "after-giving", "type": "clause", "offset": [2919, 2931]}, {"key": "pro-forma-effect", "type": "definition", "offset": [2932, 2948]}, {"key": "the-financing", "type": "clause", "offset": [2952, 2965]}, {"key": "contemplated-by-this-agreement", "type": "clause", "offset": [2966, 2996]}, {"key": "loans-to", "type": "clause", "offset": [3032, 3040]}, {"key": "on-the-effective-date", "type": "clause", "offset": [3051, 3072]}, {"key": "the-agents", "type": "definition", "offset": [3092, 3102]}, {"key": "existing-agreement", "type": "definition", "offset": [3113, 3131]}, {"key": "information-regarding", "type": "clause", "offset": [3142, 3163]}, {"key": "payment-in-full", "type": "definition", "offset": [3168, 3183]}, {"key": "amounts-outstanding", "type": "clause", "offset": [3187, 3206]}, {"key": "the-termination", "type": "clause", "offset": [3236, 3251]}, {"key": "due-diligence", "type": "clause", "offset": [3271, 3284]}, {"key": "unencumbered-pool", "type": "definition", "offset": [3305, 3322]}, {"key": "the-agent-may", "type": "clause", "offset": [3326, 3339]}, {"key": "other-documents", "type": "definition", "offset": [3375, 3390]}, {"key": "agreements-and-instruments", "type": "definition", "offset": [3392, 3418]}, {"key": "on-behalf-of", "type": "definition", "offset": [3432, 3444]}, {"key": "reasonably-request", "type": "definition", "offset": [3461, 3479]}, {"key": "good-faith-judgment", "type": "definition", "offset": [3492, 3511]}, {"key": "the-information", "type": "clause", "offset": [3687, 3702]}, {"key": "contained-in", "type": "definition", "offset": [3703, 3715]}, {"key": "business-projections", "type": "clause", "offset": [3734, 3754]}, {"key": "borrower-and-its-subsidiaries", "type": "definition", "offset": [3809, 3838]}, {"key": "agreement-date", "type": "definition", "offset": [3891, 3905]}, {"key": "no-litigation", "type": "definition", "offset": [3996, 4009]}, {"key": "judicial-proceeding", "type": "clause", "offset": [4076, 4095]}, {"key": "burdensome-conditions", "type": "definition", "offset": [4292, 4313]}, {"key": "adversely-affect", "type": "definition", "offset": [4346, 4362]}, {"key": "obligations-under-the-loan-documents", "type": "clause", "offset": [4406, 4442]}, {"key": "all-approvals", "type": "clause", "offset": [4527, 4540]}, {"key": "consents-and-waivers", "type": "definition", "offset": [4542, 4562]}, {"key": "filings-and-notices", "type": "clause", "offset": [4607, 4626]}, {"key": "contemplated-hereby", "type": "clause", "offset": [4680, 4699]}, {"key": "default-under", "type": "clause", "offset": [4730, 4743]}, {"key": "applicable-law", "type": "definition", "offset": [4783, 4797]}, {"key": "material-disruption", "type": "definition", "offset": [5391, 5410]}, {"key": "capital-markets", "type": "definition", "offset": [5427, 5442]}], "snippet": "The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the following conditions precedent:\n(a) The Agent shall have received each of the following, in form and substance satisfactory to the Agent:\n(i) Counterparts of this Agreement executed by each of the parties hereto;\n(ii) Notes executed by the Borrower, payable to each Lender (if requested by such Lender) and complying with the applicable provisions of Section 2.9;\n(iii) An opinion of counsel to the Borrower, addressed to the Agent and the Lenders, in form and substance acceptable to Agent\u2019s counsel;\n(iv) A copy, certified as of a recent date by the appropriate officer of the State in which the Borrower is organized, and a duly authorized officer or similar representative of the Borrower, to be true and complete, of the corporate charter or other formation document of the Borrower as in effect on such date of certification;\n(v) A certificate of good standing or certificate of similar meaning with respect to the Borrower issued as of a recent date by the Secretary of State of the state of formation of the Borrower and a certificate of qualification to transact business or other comparable certificates issued by each Secretary of State (and any state department of taxation, as applicable) of each state in which the Borrower is required to be so qualified and where the failure to be so qualified could reasonably be expected to have a Material Adverse Effect;\n(vi) A certificate of incumbency signed by the Secretary or Assistant Secretary (or other individual performing similar functions) of the Borrower with respect to each of the officers of the Borrower authorized to execute and deliver the Loan Documents to which the Borrower is a party, and each of the officers of the Borrower authorized to deliver Notices of Borrowing, Notices of Continuation and Notices of Conversion and to request the issuance of Letters of Credit;\n(vii) Copies certified by the Secretary or Assistant Secretary (or other individual performing similar functions) of the Borrower of (i) the by-laws of such Person, if a corporation, the operating agreement of such Person, if a limited liability company, the partnership agreement of such Person, if a limited or general partnership, or other comparable document in the case of any other form of legal entity and (ii) all corporate, partnership, member or other necessary action taken by such Person to authorize the execution, delivery and performance of the Loan Documents to which it is a party;\n(viii) The Fees then due and payable under Section 3.6(c), and any other Fees payable to the Agent, the Titled Agents and the Lenders on or prior to the Effective Date;\n(ix) A Compliance Certificate, dated as of the Effective Date, based on financial results as of June 30, 2021 and after giving pro forma effect to the financing contemplated by this Agreement and the use of the proceeds of the Loans to be funded on the Effective Date;\n(x) A letter from the agents under the Existing Agreement providing information regarding the payment in full of amounts outstanding thereunder and providing for the termination thereof;\n(xi) Such due diligence with respect to the Unencumbered Pool as the Agent may reasonably require; and\n(xii) Such other documents, agreements and instruments as the Agent on behalf of the Lenders may reasonably request.\n(b) In the good faith judgment of the Agent and the Lenders:\n(i) There shall not have occurred or become known to the Agent or any of the Lenders any event, condition, situation or status since the date of the information contained in the financial and business projections, budgets, pro forma data and forecasts concerning the Borrower and its Subsidiaries delivered to the Agent and the Lenders prior to the Agreement Date that has had or could reasonably be expected to result in a Material Adverse Effect;\n(ii) No litigation, action, suit, investigation or other arbitral, administrative or judicial proceeding shall be pending or threatened which could reasonably be expected to (1) result in a Material Adverse Effect (except as set forth in Schedule 6.1(i)), or (2) restrain or enjoin, impose materially burdensome conditions on, or otherwise materially and adversely affect the ability of the Borrower to fulfill its obligations under the Loan Documents to which it is a party;\n(iii) The Borrower and its Subsidiaries shall have received all approvals, consents and waivers, and shall have made or given all necessary filings and notices, as shall be required to consummate the transactions contemplated hereby without the occurrence of any default under, conflict with or violation of (1) any Applicable Law or (2) any agreement, document or instrument to which the Borrower or any Subsidiary is a party or by which any of its properties is bound, except for such approvals, consents, waivers, filings and notices the receipt, making or giving of which would not reasonably be likely to (A) have a Material Adverse Effect, or (B) restrain or enjoin, impose materially burdensome conditions on, or otherwise materially and adversely affect the ability of the Borrower to fulfill its obligations under the Loan Documents to which it is a party; and\n(iv) There shall not have occurred or exist any other material disruption of financial or capital markets that could reasonably be expected to materially and adversely affect the transactions contemplated by the Loan Documents.", "size": 146, "hash": "b139bebd2e941f37631e6caf0cba2990", "id": 2}, {"samples": [{"hash": "dHwQWvC4CMn", "uri": "/contracts/dHwQWvC4CMn#initial-conditions-precedent", "label": "Facility Agreement (Delhaize Group)", "score": 23.3121147156, "published": true}, {"hash": "9cAWgbD9Nx0", "uri": "/contracts/9cAWgbD9Nx0#initial-conditions-precedent", "label": "Facility Agreement (Mayne Group LTD)", "score": 21.0, "published": true}, {"hash": "cuqBANnOvu0", "uri": 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The Agent shall notify the Company and the Lenders promptly upon being so satisfied.", "size": 103, "hash": "3bbeab19bdf6e7eff1a84fa0156929e4", "id": 4}, {"samples": [{"hash": "3mPjVaOdmv8", "uri": "/contracts/3mPjVaOdmv8#initial-conditions-precedent", "label": "Facility Agreement (Utah Medical Products Inc)", "score": 21.22108078, "published": true}, {"hash": "fyVt4bgdAwg", "uri": "/contracts/fyVt4bgdAwg#initial-conditions-precedent", "label": "Facility Agreement (Far East Energy Corp)", "score": 20.9164962769, "published": true}, {"hash": "bvX2zRZ6C3i", "uri": "/contracts/bvX2zRZ6C3i#initial-conditions-precedent", "label": "Facility Agreement (China Security & Surveillance Technology, Inc.)", "score": 20.5414104462, "published": true}], "snippet_links": [{"key": "the-borrower", "type": "definition", "offset": [0, 12]}, {"key": "utilisation-request", "type": "definition", "offset": [31, 50]}, {"key": "the-lender", "type": "clause", "offset": [58, 68]}, {"key": "other-evidence", "type": "definition", "offset": [107, 121]}, {"key": "schedule-1", "type": "definition", "offset": [132, 142]}, {"key": "conditions-precedent", "type": "clause", "offset": [144, 164]}, {"key": "form-and-substance", "type": "clause", "offset": [169, 187]}, {"key": "notify-the", "type": "clause", "offset": [233, 243]}, {"key": "promptly-upon", "type": "definition", "offset": [253, 266]}], "snippet": "The Borrower may not deliver a Utilisation Request unless the Lender has received all of the documents and other evidence listed in Schedule 1 (Conditions precedent) in form and substance satisfactory to the Lender. The Lender shall notify the Borrower promptly upon being so satisfied.", "size": 53, "hash": "9b1c84ff51268411d8197ab4e6b84a9b", "id": 5}, {"samples": [{"hash": "5UwWhgQ3MQ", "uri": "/contracts/5UwWhgQ3MQ#initial-conditions-precedent", "label": "First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust)", "score": 34.7522239685, "published": true}, {"hash": "afuKWtdR4Uv", "uri": "/contracts/afuKWtdR4Uv#initial-conditions-precedent", "label": "First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust)", "score": 34.5879516602, "published": true}, {"hash": "2byyiWgeXaR", "uri": "/contracts/2byyiWgeXaR#initial-conditions-precedent", "label": "First Lien Credit Agreement (Pennsylvania Real Estate Investment Trust)", "score": 31.9568786621, "published": true}], "snippet_links": [{"key": "effectiveness-of-this-agreement", "type": "clause", "offset": [4, 35]}, {"key": "obligation-of-the", "type": "clause", "offset": [44, 61]}, {"key": "the-issuing-banks", "type": 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"type": "definition", "offset": [10652, 10668]}, {"key": "county-in", "type": "definition", "offset": [10676, 10685]}], "snippet": "The effectiveness of this Agreement and the obligation of the Administrative Agent, the Issuing Banks and the Lenders to effect or permit the occurrence of the first Credit Event 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:\n(a) The Administrative Agent shall have received each of the following, in form and substance satisfactory to the Administrative Agent:\n(i) counterparts of this Agreement executed by each of the parties hereto;\n(ii) Revolving Notes and Term Notes executed by the Borrower, payable to each applicable Lender (excluding any Lender that has requested that it not receive a Note) and complying with the terms of Section 2.13;\n(iii) counterparts of the Security Documents executed (and acknowledged, if applicable) by each of the parties thereto;\n(iv) counterparts of the Guaranty executed by each of the Guarantors initially party thereto;\n(v) counterparts of the Intercreditor Agreement executed by each of the parties thereto;\n(vi) complete and correct copies of the executed Second Lien Documents;\n(vii) an opinion of counsel to the Borrower and the other Loan Parties addressed to the Administrative Agent, the Issuing Banks and the Lenders and covering such matters as the Administrative Agent may reasonably request;\n(viii) a certificate of incumbency signed by the Secretary or Assistant Secretary (or other individual performing similar functions) of each Loan Party with respect to each of the officers of such Loan Party authorized to execute and deliver the Loan Documents to which such Loan Party is a party, and in the case of the Borrower, the officers of the Borrower then authorized to execute and deliver (or make by telephone in the case of Notices of Conversion or Continuation) on behalf of the Borrower Notices of Borrowing, Notices of Conversion and Notices of Continuation and to request the issuance of Letters of Credit;\n(ix) the certificate or articles of incorporation, articles of organization, certificate of limited partnership, declaration of trust or other comparable organizational instrument (if any) of the Borrower and each other Loan Party, certified as of a recent date by the Secretary of State (or comparable Governmental Authority) of the State of formation of the Borrower and each such Loan Party; provided that, to the extent any of the foregoing organizational documents for any Guarantor have not been amended or modified from those previously delivered to the Administrative Agent, an officer\u2019s certificate from the applicable Guarantor certifying the absence of changes to such previously delivered organizational documents may be delivered in place of such certified copy;\n(x) a Certificate of Good Standing or certificate of similar meaning with respect to (A) the Borrower and each other Loan Party (and in the case of a Loan Party that is a limited partnership, the general partner of such Loan Party) issued as of a recent date by the Secretary of State (or comparable Governmental Authority) of the state of formation of each such Person and (B) each Loan Party that owns a Borrowing Base Property, certificates of qualification to transact business or other comparable certificates issued by each Secretary of State (and any state department of taxation, as applicable) of each state in which such Borrowing Base Property is located, if different from the state of formation of such Person;\n(xi) copies certified by the Secretary or Assistant Secretary (or other individual performing similar functions) of the Borrower and each other Loan Party of the by-laws of such Person, if a corporation, the operating agreement, if a limited liability company, the partnership agreement, if a limited or general partnership, or other comparable document in the case of any other form of legal entity; provided that, to the extent any of the foregoing organizational documents for any Guarantor have not been amended or modified from those previously delivered to the Administrative Agent, an officer\u2019s certificate from the applicable Guarantor certifying the absence of changes to such previously delivered organizational documents may be delivered in place of such certified copy;\n(xii) copies certified by the Secretary or Assistant Secretary (or other individual performing similar functions) of the Borrower and each other Loan Party of all corporate, partnership, member or other necessary action taken by each such Loan Party to authorize the execution, delivery and performance of the Loan Documents to which it is a party;\n(xiii) the Disbursement Instruction Agreement executed by the Borrower effective as of the Agreement Date;\n(xiv) [intentionally omitted];\n(xv) evidence satisfactory to the Administrative Agent of the payment in full of or satisfaction of all amounts due to all lenders under the Existing Revolver/Term Loan Agreement and the Existing Term Loan Agreement;\n(xvi) evidence satisfactory to the Administrative Agent that the Fees then due and payable under Section 3.5, together with all other fees, expenses and reimbursement (including, without limitation, all fees, charges and disbursements of counsel to the Administrative Agent, and the fees and expenses of any local counsel, appraisers, consultants and other advisors) amounts then due and payable to the Administrative Agent and any of the Lenders for which payment has been demanded, have been paid or will be paid at closing;\n(xvii) the Effective Date Annual Business Plan, which shall be in form and substance reasonably acceptable to the Requisite Lenders; and\n(xviii) a duly executed and delivered modification to or an agreement to modify the PM Gallery Loan Agreement, in form and substance reasonably acceptable to all Lenders (the \u201cPM Gallery Loan Modification\u201d), providing for the modifications outlined on the Summary of Terms set forth on Schedule 6.1(a)(xviii).\n(b) No litigation, action, suit, investigation or other arbitral, administrative or judicial proceeding shall be pending or threatened which could reasonably be expected to (i) have a Material Adverse Effect or (ii) restrain or enjoin, impose materially burdensome conditions on, or otherwise materially and adversely affect the ability of any Loan Party to fulfill its obligations under the Loan Documents to which it is a party;\n(c) The Borrower and the other Loan Parties shall have received all approvals, consents and waivers, and shall have made or given all necessary filings and notices as shall be required to consummate the transactions contemplated hereby without the occurrence of any default under or violation of (i) any Applicable Law or (ii) any agreement, document or instrument to which any Loan Party is a party or by which any of them or their respective properties is bound, except for such approvals, consents, waivers, filings and notices the receipt, making or giving of which, or the failure to make, give or receive which, would not reasonably be likely to (A) have a Material Adverse Effect, or (B) restrain or enjoin, impose materially burdensome conditions on, or otherwise materially and adversely affect the ability of the Borrower or any other Loan Party to fulfill its obligations under the Loan Documents to which it is a party; and\n(d) The Borrower and each other Loan Party shall have provided (i) all information requested by the Administrative Agent and each Lender in order to comply with applicable \u201cknow your customer\u201d and anti-money laundering rules and regulations, including without limitation, the Patriot Act and (ii) any Borrower that qualifies as a \u201clegal entity customer\u201d under the Beneficial Ownership Regulation shall deliver a Beneficial Ownership Certification in relation to such Borrower to the Administrative Agent and each Lender.\n(e) With respect to any personal property owned by a Borrower or Loan Party and that is part of the Collateral, the Administrative Agent shall have received each of the following, in form and substance satisfactory to the Administrative Agent:\n(i) (A) if certificated, original stock certificates or other certificates evidencing the certificated Equity Interests pledged pursuant to the Security Documents, together with an undated stock power for each such certificate duly executed in blank by the registered owner thereof and (B) each original promissory note pledged pursuant to the Security Documents together with an undated allonge for each such promissory note duly executed in blank by the holder thereof;\n(ii) the results of a Lien search made against the Loan Parties under the Uniform Commercial Code (or applicable judicial docket) as in effect in each jurisdiction in which filings or recordations under the Uniform 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The Administrative Agent acknowledges and agrees that the evidence of such insurance provided to Administrative Agent in connection with the Existing Bridge Loan satisfies this condition;\n(iv) duly executed counterparts of Deposit Account Control Agreements with respect to each deposit account required to be subject to a control agreement pursuant to the Collateral Agreement; and\n(v) UCC-1 Financing Statements filed (or to be filed concurrently with the closing of the initial Loan hereunder) naming each Subsidiary party to a Security Document as debtor and appropriate for filing in the applicable jurisdiction of formation of such Subsidiary, as required or authorized by the applicable Security Document.\n(f) With respect to each Borrowing Base Property, the Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent:\n(i) A Mortgage with respect to each such Borrowing Base Property duly executed and delivered by the record owner of such real property (together with UCC fixture filings if requested by the Administrative Agent), which Mortgage shall have been submitted for recordation in the real property records of the county in which such Borrowing Base Property lies;", "size": 29, "hash": "5530e11e373c522564b3fccdd23c8d9d", "id": 7}, {"samples": [{"hash": "eTk9PX4hZyh", "uri": "/contracts/eTk9PX4hZyh#initial-conditions-precedent", "label": "Credit Agreement (Kite Realty Group Trust)", "score": 21.8542098999, "published": true}, {"hash": "fhLxgmygDrw", "uri": "/contracts/fhLxgmygDrw#initial-conditions-precedent", "label": "Credit Agreement (Kite Realty Group Trust)", "score": 21.0, "published": true}], "snippet_links": [{"key": "obligation-of-the-lenders", "type": "clause", "offset": [4, 29]}, {"key": "first-credit-event", "type": "clause", "offset": [72, 90]}, {"key": "making-of-a-loan", "type": "clause", "offset": [117, 133]}, {"key": "the-issuance", "type": "clause", "offset": [137, 149]}, {"key": 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"offset": [5290, 5298]}, {"key": "obligations-under-the-loan-documents", "type": "clause", "offset": [5320, 5356]}, {"key": "all-approvals", "type": "clause", "offset": [5463, 5476]}, {"key": "consents-and-waivers", "type": "definition", "offset": [5478, 5498]}, {"key": "filings-and-notices", "type": "clause", "offset": [5543, 5562]}, {"key": "contemplated-hereby", "type": "clause", "offset": [5615, 5634]}, {"key": "default-under", "type": "clause", "offset": [5665, 5678]}, {"key": "applicable-law", "type": "definition", "offset": [5718, 5732]}, {"key": "to-exercise", "type": "clause", "offset": [6346, 6357]}], "snippet": "The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the following conditions precedent:\n(a) The Agent shall have received each of the following, in form and substance satisfactory to the Agent:\n(i) counterparts of this Agreement executed by each of the parties hereto;\n(ii) Revolving Notes executed by the Borrower, payable to each Lender and complying with the applicable provisions of Section 2.10., and the Swingline Note executed by the Borrower;\n(iii) the Guaranty executed by the Parent and each Subsidiary that owns or leases an Initial Unencumbered Pool Property, if any, as of the Effective Date;\n(iv) the articles of incorporation, articles of organization, certificate of limited partnership or other comparable organizational instrument (if any) of the Borrower and each other Loan Party certified as of a recent date by the Secretary of State of the state of formation of such Loan Party;\n(v) a certificate of good standing or certificate of similar meaning with respect to each Loan Party issued as of a recent date by the Secretary of State of the state of formation of each such Loan Party and certificates of qualification to transact business or other comparable certificates issued by each Secretary of State (and any state department of taxation, as applicable) of the state in which such Loan Party has its principal place of business;\n(vi) a certificate of incumbency signed by the Secretary or Assistant Secretary (or other individual performing similar functions) of each Loan Party with respect to each of the officers of such Loan Party authorized to execute and deliver the Loan Documents to which such Loan Party is a party, and in the case of the Borrower, and the officers of the Borrower then authorized to deliver Notices of Borrowing, Notices of Swingline Borrowings, Notices of Continuation and Notices of Conversion and to request the issuance of Letters of Credit;\n(vii) copies certified by the Secretary or Assistant Secretary (or other individual performing similar functions) of each Loan Party of (i) the by-laws of such Loan Party, if a corporation, the operating agreement, if a limited liability company, the partnership agreement, if a limited or general partnership, or other comparable document in the case of any other form of legal entity and (ii) all corporate, partnership, member or other necessary action taken by such Loan Party to authorize the execution, delivery and performance of the Loan Documents to which it is a party;\n(viii) an opinion of counsel to the Loan Parties, addressed to the Agent, the Lenders and the Swingline Lender, in form reasonably satisfactory to the Agent;\n(ix) the Fees then due and payable under Section 3.6., and any other Fees payable to the Agent and the Lenders on or prior to the Effective Date;\n(x) a Compliance Certificate calculated as of the Effective Date (giving pro forma effect to the financing evidenced by this Agreement and the use of the proceeds of the Loans to be funded on the Agreement Date);\n(xi) a Borrowing Base Certificate calculated as of the Effective Date;\n(xii) evidence that the Borrower\u2019s reimbursement obligations under any letters of credit issued under the Existing Credit Agreement either shall be evidenced by a separate agreement between the issuer thereof and Borrower from and after the Effective Date or shall become Letters of Credit hereunder pursuant to the joinder by such issuer in this Agreement as a Lender;\n(xiii) a disbursement statement setting forth in reasonable detail the application of the initial Loans being funded on the Effective Date;\n(xiv) evidence that any lenders under the Existing Credit Agreement that are not continuing as Lenders hereunder have agreed to accept repayment of all amounts due them under the Existing Credit Agreement and terminate their commitments thereunder;\n(xv) evidence that releases of any prior mortgages recorded on any of the Initial Unencumbered Pool Properties have been delivered to a third-party title insurance company for recordation and that, upon the recording thereof, such and that such Initial Unencumbered Pool Properties are free and clear from any liens or encumbrances; and\n(xvi) such other documents, agreements and instruments as the Agent on behalf of the Lenders may reasonably request.\n(b) In the good faith judgment of the Agent and the Lenders:\n(i) there shall not have occurred or become known to the Agent or any of the Lenders any event, condition, situation or status since the date of the information contained in the financial and business projections, budgets, pro forma data and forecasts concerning the Parent, the Borrower and its other Subsidiaries delivered to the Agent and the Lenders prior to the Agreement Date that has had or could reasonably be expected to result in a Material Adverse Effect;\n(ii) no litigation, action, suit, investigation or other arbitral, administrative or judicial proceeding shall be pending or threatened which could reasonably be expected to (1) result in a Material Adverse Effect or (2) restrain or enjoin, impose materially burdensome conditions on, or otherwise materially and adversely affect the ability of any Loan Party to fulfill its obligations under the Loan Documents to which it is a party; and\n(iii) the Parent, the Borrower and its other Subsidiaries shall have received all approvals, consents and waivers, and shall have made or given all necessary filings and notices as shall be required to consummate the transactions contemplated hereby without the occurrence of any default under, conflict with or violation of (1) any Applicable Law or (2) any agreement, document or instrument to which the Borrower or any other Loan Party is a party or by which any of them or their respective properties is bound, except for such approvals, consents, waivers, filings and notices the receipt, making or giving of which would not reasonably be likely to (A) have a Material Adverse Effect, or (B) restrain or enjoin, impose materially burdensome conditions on, or otherwise materially and adversely affect the ability of the Borrower or any other Loan Party to fulfill its obligations under the Loan Documents to which it is a party or the 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