Common use of Initial Conditions Clause in Contracts

Initial Conditions. Lender's obligation to extend credit hereunder is ------------------ subject to the Conditions Precedent that Lender shall have received (or agreed in writing to waive or defer receipt of) each of the following, as of the Closing Date, in form and substance satisfactory to Lender:

Appears in 2 contracts

Sources: Loan Agreement (Chemfirst Inc), Loan Agreement (Chemfirst Inc)

Initial Conditions. Lender's obligation to extend credit hereunder is ------------------ subject to the Conditions Precedent that Lender shall have received (or agreed in writing to waive or defer receipt of) each all of the following, each duly executed, dated and delivered as of the Closing Date, in form and substance satisfactory to LenderLender and its counsel:

Appears in 1 contract

Sources: Loan Agreement (Sofamor Danek Group Inc)