Initial Credit Extensions. The Lenders shall not be required to make the initial Credit Extensions hereunder unless, prior to or concurrently with the making of such initial Credit Extensions, the following conditions precedent have been satisfied:
Initial Credit Extensions. Notwithstanding any provision contained in this Agreement to the contrary, the Lenders and LC Issuer shall have no obligation to make the initial Credit Extensions under this Agreement unless Agent, LC Issuer and the Lenders shall have first received:
Initial Credit Extensions. The obligations of the Lenders and, if applicable, the Issuer, to fund the initial Credit Extensions shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.
Initial Credit Extensions. The obligation of each Lender to make its initial Credit Extension hereunder is subject to the following conditions precedent, each of which shall have been fulfilled or waived to the satisfaction of Agent:
Initial Credit Extensions. The obligation of each Bank to make its ------------------------- initial Loan and of any Issuing Bank to issue any Letter of Credit, whichever first occurs, is, in addition to the conditions precedent specified in Section ------- 11.2, subject to the conditions precedent (and the date on which all such ---- conditions precedent have been satisfied or waived in writing by the Banks is called the "Effective Date") that (a) the Effective Date shall occur on or -------------- before October 15, 1999; (b) the Company shall have completed (or shall concurrently complete) the Centurion Acquisition or the Waggoners Acquisition; (c) such Bank shall have confirmed in writing its approval, in its sole discretion, of (i) the new chief executive officer of the Company or the arrangements made for management of the Company pending the appointment of a new chief executive officer and (ii) the supplemental projections provided by the Company on or after August 6, 1999 reflecting the Company's revised acquisition strategy (it being understood that (x) any Bank that does not deliver such approval on or before the Effective Date shall be released from its obligations hereunder (and cease to be a party hereto) on the Effective Date and the Company shall have no obligation to such Bank for any fees or other amounts otherwise payable hereunder and (y) notwithstanding any provision of this Agreement to the contrary, on the Effective Date each of the Revolving Commitment Amount and the Term Commitment Amount shall be reduced by the amount of the Revolving Commitment and the Term Commitment, respectively, of each Bank which ceases to be a party hereto on such date); (d) the Agent shall have received all amounts which are then due and payable pursuant to Section 5 and (to the extent billed) Section 14.6; and (e) the Agent shall --------- ------------ have received all of the following, each duly executed and dated the Effective Date (or such other date as shall be satisfactory to the Agent), in form and substance satisfactory to the Agent, and each (except for the Notes and the FRB Forms described in Section 11.1.9, of which only the originals shall be -------------- signed) in sufficient number of signed counterparts to provide one for each Bank:"
Initial Credit Extensions. The obligations of each Lender and each Issuer to fund the initial Credit Extensions shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this SECTION 7.1.
Initial Credit Extensions. The Lenders shall not be required to make ------------------------- the initial Advance hereunder, the Swing Line Lender shall not be required to make the initial Swing Line Loan and the LC Issuers shall not be required to issue the initial Facility LC hereunder, unless (a) the representation and warranty contained in Section 6.5 is true and correct as of such date and (b) ----------- the Borrower has furnished to the Agent (with sufficient copies for the Lenders):
Initial Credit Extensions. The obligation of each Bank to make its initial Loan and of any Issuing Bank to issue any Letter of Credit, whichever first occurs, is, in addition to the conditions precedent specified in SECTION 11.2, subject to the conditions precedent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Banks is called the "EFFECTIVE DATE") that the Agent shall have received (a) all amounts which are then due and payable pursuant to ARTICLE V and (to the extent billed) SECTION 14.6 and (b) all of the following, each duly executed and dated the Effective Date (or such earlier date as shall be satisfactory to the Agent), in form and substance satisfactory to the Agent, and each (except for the Notes, of which only one original of each Note shall be signed) in sufficient number of signed counterparts to provide one for each Bank:
Initial Credit Extensions. The obligation of the Bank to make its initial Advance and to issue any Letter of Credit, whichever first occurs, is, in addition to the conditions precedent specified in Section 10.2, subject to the conditions precedent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Bank is called the "Effective Date") that (a) the Bank shall have received all amounts which are then due and payable pursuant to Section 5 and (to the extent billed) Section 12.6, (b) the Bank shall have completed its due diligence of the Borrowers and (c) the Bank shall have received all of the following, each duly executed and dated the Effective Date (or such other date as shall be reasonably satisfactory to the Bank), in form and substance reasonably satisfactory to the Bank, and each (except for the Notes, of which only the originals shall be signed) in sufficient number of signed counterparts to provide one for the Bank:
Initial Credit Extensions. The obligation of each Lender to advance its initial Revolving Loan, of each Swingline Lender to advance its initial Swingline Loan and of each Issuing Bank to issue its initial Letter of Credit, is subject to satisfaction (or waiver in accordance with Section 10.11) of the following conditions precedent:
