Common use of Initial Extension of Credit Clause in Contracts

Initial Extension of Credit. The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that prior thereto Lender shall have received all of the documents set forth below in form and substance satisfactory to Lender.

Appears in 5 contracts

Samples: Loan Agreement (Oyo Geospace Corp), Loan Agreement (Global Geophysical Services Inc), Loan Agreement (Arabian Shield Development Co)

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Initial Extension of Credit. The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that prior thereto Lender shall will have received on or before the day of such Advance or issuance of such Letter of Credit all of the documents set forth below following, each dated (unless otherwise indicated) the Closing Date, in form and substance satisfactory to Lender.:

Appears in 4 contracts

Samples: Pledge and Security Agreement (Geospace Technologies Corp), Loan Agreement (Del Frisco's Restaurant Group, Inc.), Pledge and Security Agreement (Oyo Geospace Corp)

Initial Extension of Credit. The obligation of Lender to make the initial Advance Advances or issue the initial Letter of Credit is subject to the condition precedent that prior thereto Lender shall will have received on or before the day of such Advances or issuance of such Letter of Credit all of the documents set forth below following, each dated (unless otherwise indicated) the Closing Date, in form and substance satisfactory to Lender.:

Appears in 3 contracts

Samples: Security Agreement (Micropac Industries Inc), Loan Agreement (State National Companies, Inc.), Loan Agreement (American Electric Technologies Inc)

Initial Extension of Credit. The obligation of Lender to make the initial Advance under any Note or issue the initial Letter of Credit is subject to the condition precedent that prior thereto Lender shall have received on or before the day of such Advance or Letter of Credit all of the documents set forth below following, each dated (unless otherwise indicated) the date hereof, in form and substance satisfactory to Lender.:

Appears in 3 contracts

Samples: Credit Agreement (Harte Hanks Inc), Loan Agreement (Dgse Companies Inc), Loan Agreement (Dgse Companies Inc)

Initial Extension of Credit. The obligation of the Lender to make the initial Advance under any Note or issue the initial Letter of Credit is subject to the condition precedent that prior thereto the Lender shall have received on or before the day of such Advance or Letter of Credit all of the documents set forth below following, each dated (unless otherwise indicated or the context otherwise requires) the date hereof, in form and substance satisfactory to the Lender.:

Appears in 2 contracts

Samples: Loan Agreement (Rf Monolithics Inc /De/), Loan Agreement (Rf Monolithics Inc /De/)

Initial Extension of Credit. The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that prior thereto Lender shall have received all of the documents set forth below in form and substance satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (University General Health System, Inc.), Loan Agreement (University General Health System, Inc.)

Initial Extension of Credit. The obligation of Lender to make the initial Advance or Revolving Advance, issue the initial Letter of Credit or make the initial Term Loan Advance is subject to the condition precedent that prior thereto Lender shall have received all of the documents set forth below in form and substance satisfactory to Lender.

Appears in 2 contracts

Samples: Loan Agreement (Sharps Compliance Corp), Loan Agreement (Sharps Compliance Corp)

Initial Extension of Credit. The obligation of the Lender to make the initial Advance under the Revolving Credit Note or issue the initial Letter of Credit is subject to the condition precedent that prior thereto the Lender shall have received on or before the day of such Advance or issuance of such Letter of Credit all of the documents set forth below following, each dated (unless otherwise indicated) the date hereof, in form and substance satisfactory to the Lender.:

Appears in 1 contract

Samples: Loan Agreement (Quest Resource Holding Corp)

Initial Extension of Credit. The obligation of Lender to --------------------------- make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that prior thereto Lender shall have received on or before the date thereof all of the documents set forth below in form and substance satisfactory to Lender.

Appears in 1 contract

Samples: Guaranteed Loan Agreement (Scientific Measurement Systems Inc/Tx)

Initial Extension of Credit. The obligation of the Lender to make the initial Advance under any Note or issue the initial Letter of Credit is subject to the condition precedent that prior thereto the Lender shall have received on or before the day of such Advance or issuance all of the documents set forth below following, each dated (unless otherwise indicated) the date hereof, in form and substance satisfactory to the Lender.:

Appears in 1 contract

Samples: Loan Agreement (Home Solutions of America Inc)

Initial Extension of Credit. The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that prior thereto Lender shall have received on or before the day of such Advance all of the documents set forth below in form and substance satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Reliability Inc)

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Initial Extension of Credit. The obligation of Lender to make the initial Advance or issue the initial Letter of Credit under any Note is subject to the condition precedent that prior thereto Lender shall have received or shall have been waived by Lender in writing on or before the day of such Advance all of the documents set forth below following, each dated (unless otherwise indicated) the date hereof, in form and substance reasonably satisfactory to Lender.:

Appears in 1 contract

Samples: Loan Agreement (Coolbrands International Inc)

Initial Extension of Credit. The obligation of the Lender to make the initial Advance under any Note or issue the initial Letter of Credit is subject to the condition precedent that prior thereto the Lender shall have received on or before the day of such Advance or issuance of such Letter of Credit all of the documents set forth below following, each dated (unless otherwise indicated) the date hereof, in form and substance satisfactory to the Lender.:

Appears in 1 contract

Samples: Loan Agreement (Pizza Inn Holdings, Inc /Mo/)

Initial Extension of Credit. The obligation of Lender to make the initial Advance or issue fund the initial Letter of Credit Term Loan is subject to the condition precedent that prior thereto Lender shall have received all of the documents set forth below in form and substance satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Spacehab Inc \Wa\)

Initial Extension of Credit. The obligation of Lender to make the initial Advance or issue make the initial Letter of Credit Term Loan is subject to the condition precedent that prior thereto Lender shall have received on or before the day of such Advance or Term Loan all of the documents set forth below in form and substance satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (Transamerican Waste Industries Inc)

Initial Extension of Credit. The obligation of Lender to make the initial Advance or issue the initial Letter of Credit fund either Loan-C or Loan-D is subject to the condition precedent that prior thereto Lender shall have received all of the documents set forth below in form and substance satisfactory to Lender.

Appears in 1 contract

Samples: Loan Agreement (First Wave Marine Inc)

Initial Extension of Credit. The obligation of the Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that prior thereto the Lender shall have received on or before the day of such Advance or Letter of Credit all of the documents set forth below following, each dated (unless otherwise indicated) the date hereof, in form and substance satisfactory to the Lender.:

Appears in 1 contract

Samples: Loan Agreement (First Wave Marine Inc)

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