Common use of Initial Loan Clause in Contracts

Initial Loan. The obligation of the Lender to make its initial Loan hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following, each of which shall be reasonably satisfactory to the Lender and its counsel in form and substance:

Appears in 3 contracts

Sources: Master Loan and Security Agreement (Allied Capital Corp), Master Loan and Security Agreement (Allied Capital Corp), Master Loan and Security Agreement (Allied Capital Corp)

Initial Loan. The obligation of the Lender to make its initial Loan hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following, each of which shall be reasonably satisfactory to the Lender and its counsel in form and substancefollowing conditions precedent:

Appears in 3 contracts

Sources: Loan Agreement (Southern Pacific Funding Corp), Loan Agreement (Southern Pacific Funding Corp), Master Loan and Security Agreement (Amresco Inc)

Initial Loan. The obligation of the Lender each Bank to make its initial Loan hereunder is subject to the satisfaction, immediately satisfaction of the following conditions precedent on or prior to or concurrently with the making date of such Loaninitial Loan but in any event no later than June 30, of the condition precedent that the Lender shall have received all of the following, each of which shall be reasonably satisfactory to the Lender and its counsel in form and substance1998:

Appears in 2 contracts

Sources: Credit Agreement (CSC Holdings Inc), Credit Agreement (CSC Holdings Inc)

Initial Loan. The obligation of the Lender to make its fund the initial Loan hereunder is shall be subject to the satisfaction, immediately prior to or concurrently with the making concurrent satisfaction of such Loan, each of the condition conditions precedent that the Lender shall have received all of the following, each of which shall be reasonably satisfactory to the Lender and its counsel set forth in form and substance:this Section.

Appears in 2 contracts

Sources: Credit Agreement (Callon Petroleum Co), Credit Agreement (Energy Search Inc)

Initial Loan. The obligation of the Lender to make its initial Loan hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the followingfollowing documents, each of which shall be reasonably satisfactory to the Lender and its counsel in form and substancesubstance in its sole discretion:

Appears in 2 contracts

Sources: Master Loan, Guarantee and Security Agreement (Northstar Realty), Credit Agreement (Anthracite Capital Inc)

Initial Loan. The obligation agreement of the each Lender to make its the initial Loan requested to be made by it hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following, each of which shall be reasonably satisfactory to the Lender and its counsel in form and substancefollowing conditions precedent:

Appears in 1 contract

Sources: Loan and Security Agreement (Alliance Laundry Corp)

Initial Loan. The obligation of the Lender to make its the initial Loan requested to be made by it hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following, each of which shall be reasonably satisfactory to the Lender and its counsel in form and substancefollowing conditions precedent:

Appears in 1 contract

Sources: Loan and Security Agreement (Onyx Acceptance Corp)

Initial Loan. The obligation of the each Lender to make its initial Loan hereunder is shall be subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following, each of which shall be reasonably satisfactory to the Lender and its counsel concurrent satisfaction (in form and substance:substance satisfactory to such Lender) of each of the conditions precedent set forth below.

Appears in 1 contract

Sources: Secured Credit Agreement (Steri Oss Inc)

Initial Loan. The obligation agreement of the Lender to make its the initial Loan requested to be made by it hereunder is subject to the satisfaction, immediately prior to or concurrently with the making of such Loan, of the condition precedent that the Lender shall have received all of the following, each of which shall be reasonably satisfactory to the Lender and its counsel in form and substancefollowing conditions precedent:

Appears in 1 contract

Sources: Loan and Security Agreement (Dvi Inc)

Initial Loan. The obligation of the Lender to make its the initial Loan hereunder is subject to the satisfaction, immediately prior to satisfaction or concurrently with the making of such Loan, waiver of the condition precedent that the Lender shall have received all of the following, each of which shall be reasonably satisfactory to the Lender and its counsel in form and substancefollowing conditions:

Appears in 1 contract

Sources: Credit Agreement (RiverNorth Marketplace Lending Corp)