Common use of Initial Loan Clause in Contracts

Initial Loan. The obligation of Lender to make the initial Loan hereunder is, in addition to the conditions precedent specified in Section 7.2, subject to the condition precedent that Administrator shall have received all of the following, each duly executed and dated the date of such Loan (or such earlier date as shall be satisfactory to Administrator), in form and substance satisfactory to Administrator:

Appears in 4 contracts

Samples: Loan Agreement (Baldor Electric Co), Loan Agreement (Toro Co), Loan Agreement (Covenant Transport Inc)

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Initial Loan. The obligation of Lender to make the initial Loan hereunder is, in addition is subject to the conditions precedent specified in Section 7.2, subject to the condition precedent that Administrator shall have received all of the following, each duly executed and dated the date of such Loan (or such earlier date as shall be satisfactory to Administrator), in form and substance satisfactory to Administrator:

Appears in 4 contracts

Samples: Loan Agreement (G&k Services Inc), Loan Agreement (Choicepoint Inc), Loan Agreement (Interface Inc)

Initial Loan. The obligation of Lender to make the initial Loan hereunder is, in addition to the conditions precedent specified in Section 7.2, subject to the condition precedent that the Administrator shall have received all of the following, each duly executed and dated the date of such Loan (or such earlier date as shall be satisfactory to Administrator), in form and substance satisfactory to the Administrator:

Appears in 1 contract

Samples: Receivables Financing Agreement (Asta Funding Inc)

Initial Loan. The obligation of the Lender to make the initial Loan or issue the initial Letter of Credit hereunder is, in addition is subject to the conditions precedent specified in Section 7.2, subject to that the condition precedent that Administrator shall have received all of the following, each duly executed and dated the date of such Loan or the issuance of such Letter of Credit (or such earlier date as shall be satisfactory to the Administrator), in form and substance satisfactory to the Administrator:

Appears in 1 contract

Samples: Loan Agreement (G&k Services Inc)

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Initial Loan. The obligation of Lender to make the initial ------------ Loan hereunder is, in addition to the conditions precedent specified in Section ------- 7.2, subject to the condition precedent that Administrator shall have received --- all of the following, each duly executed and dated the date of such Loan (or such earlier date as shall be satisfactory to Administrator), in form and substance satisfactory to Administrator:

Appears in 1 contract

Samples: Loan Agreement (Dixie Group Inc)

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