Common use of Initial Credit Extension Clause in Contracts

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lenders to issue their initial Letters of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the following conditions precedent, each of which must be satisfied in a manner satisfactory to Agent:

Appears in 7 contracts

Sources: Guaranty and Collateral Agreement (Gold.com, Inc.), Credit Agreement (A-Mark Precious Metals, Inc.), Incremental Facility Agreement, Waiver and Eleventh Amendment to Credit Agreement (A-Mark Precious Metals, Inc.)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lenders Lender to issue their the initial Letters Letter of Credit hereunder (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.24.2, subject to the following conditions precedent, each of which must shall be satisfied satisfactory in a manner satisfactory all respects to Agent:

Appears in 4 contracts

Sources: Credit Agreement (Compass Group Diversified Holdings LLC), Credit Agreement (AmWINS GROUP INC), Credit Agreement (Rosetta Stone Inc)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lenders to issue their initial Letters of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the following conditions precedent, each of which must be satisfied in a manner satisfactory to Agentprecedent that:

Appears in 2 contracts

Sources: Loan Modification Agreement (Pioneer Financial Services Inc), Credit Agreement (Pioneer Financial Services Inc)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lenders to issue their initial Letters of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.24.2, subject to the following conditions precedent, each of which must shall be satisfied satisfactory in a manner satisfactory all respects to Agent:

Appears in 2 contracts

Sources: Credit Agreement (American Coin Merchandising Inc), Credit Agreement (American Coin Merchandising Inc)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lenders to issue their initial Letters of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the following conditions precedent, each of which must be satisfied in a manner satisfactory to Agent:: 77

Appears in 1 contract

Sources: Credit Agreement (A-Mark Precious Metals, Inc.)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lenders Lender to issue their the initial Letters of Credit hereunder (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.24.2, subject to the satisfaction or waiver of following conditions precedent, each of which must shall be satisfied reasonably satisfactory in a manner satisfactory all respects to Agent:

Appears in 1 contract

Sources: Credit Agreement (Performant Financial Corp)

Initial Credit Extension. The obligation of the Lenders Lender to make the initial Loans and the obligation of the Issuing Lenders Lender to issue their its initial Letters Letter of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the following conditions precedent, each of which must be satisfied in a manner satisfactory to AgentLender:

Appears in 1 contract

Sources: Loan and Security Agreement (Kingsway Financial Services Inc)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans on the Closing Date and the obligation of the Issuing Lenders to issue their initial Letters of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the following conditions precedent, each of which must be satisfied (or waived) in a manner satisfactory reasonably acceptable to Agent:the Administrative Agent the Lenders (and the date on which all such conditions precedent have been satisfied or waived by Administrative Agent and Lenders is called the “Closing Date”):

Appears in 1 contract

Sources: Credit Agreement (Infrastructure & Energy Alternatives, Inc.)

Initial Credit Extension. The obligation of the Lenders and the Swing Line Lender to make the initial Loans and the obligation of the Issuing Lenders Lender to issue their its initial Letters Letter of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to Borrower satisfying each of the following conditions precedent, each of which must be satisfied in a manner satisfactory to Agent:

Appears in 1 contract

Sources: Credit Agreement (Net Perceptions Inc)

Initial Credit Extension. The obligation of the Lenders Lender to make the initial Loans (which initial Loans shall only be used to refinance the indebtedness then outstanding under the Existing Loan Agreement) and the obligation of the Issuing Lenders Lender to issue their its initial Letters Letter of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the following conditions precedent, each of which must be satisfied in a manner satisfactory to AgentLender:

Appears in 1 contract

Sources: Loan and Security Agreement (Lifeway Foods Inc)