Conditions Precedent to Loans and Letters of Credit. 57 Section 3.1. Conditions to Effectiveness 57 Section 3.2. Conditions to Each Credit Event 60 Section 3.3. Delivery of Documents 60
Conditions Precedent to Loans and Letters of Credit. 32 Section 3.1 Conditions To Effectiveness.................................................32 Section 3.2 Each Credit Event...........................................................33 Section 3.3 Delivery of Documents.......................................................34
Conditions Precedent to Loans and Letters of Credit. The agreement of each Bank to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:
Conditions Precedent to Loans and Letters of Credit. In addition to the requirements of Section 5.01, the obligation of each Lender to make any Loan and the obligation of CIT or any Lender to assist the Borrower in obtaining the issuance of any Letter of Credit is subject to the fulfillment, in a manner satisfactory to the Agent, of each of the following conditions precedent:
Conditions Precedent to Loans and Letters of Credit. Notwithstanding any other provision of this Agreement, the initial Loans will not be made, and no Letters of Credit will be issued, until the fulfillment of each of the following conditions prior to or contemporaneously with the making of the first to be made of such Loans or issuance of such Letters of Credit:
Conditions Precedent to Loans and Letters of Credit. The obligation of the Bank to issue any Letter of Credit, if applicable, or to make any loan under or pursuant to this Agreement shall be subject to the following conditions precedent:
Conditions Precedent to Loans and Letters of Credit. 66 Section 3.1. Conditions to Effectiveness 66 Section 3.2. Conditions to Each Credit Event 69 Section 3.3. Post-Closing Requirements 69 ARTICLE IV REPRESENTATIONS AND WARRANTIES 70 Section 4.1. Existence; Power 70 Section 4.2. Organizational Power; Authorization 70 Section 4.3. Governmental Approvals; No Conflicts 70 Section 4.4. Financial Statements 70 Section 4.5. Litigation and Environmental Matters 71 Section 4.6. Compliance with Laws and Agreements 71 Section 4.7. Investment Company Act 71 Section 4.8. Taxes 71 i TABLE OF CONTENTS (cont’d) Section 4.9. Margin Regulations 72 Section 4.10. Pension 72 Section 4.11. Ownership of Property; Insurance 73 Section 4.12. Disclosure 74 Section 4.13. Labor Relations 74 Section 4.14. Subsidiaries 74 Section 4.15. Solvency 74 Section 4.16. Deposit and Disbursement Accounts 74 Section 4.17. Collateral Documents 75 Section 4.18. Centre of Main Interests and Establishments 76 Section 4.19. Material Agreements 76 Section 4.20. Sanctions and Anti-Corruption Laws 76 Section 4.21. Patriot Act 76 Section 4.22. Material Music Copyrights 76 Section 4.23. Music Agreements 78 Section 4.24. No Infringement; Title 79 Section 4.25. Performance of Music Agreements 80 Section 4.26. Material Music Copyrights 80 Section 4.27. Storage Facilities 80 ARTICLE V AFFIRMATIVE COVENANTS 80 Section 5.1. Financial Statements and Other Information 80 Section 5.2. Notices of Material Events 82 Section 5.3. Existence; Conduct of Business 84 Section 5.4. Compliance with Laws 84 Section 5.5. Payment of Obligations 84 Section 5.6. Books and Records 84 Section 5.7. Visitation and Inspection 84 Section 5.8. Maintenance of Properties; Insurance 85 Section 5.9. Use of Proceeds; Margin Regulations 85 Section 5.10. Casualty and Condemnation 85 Section 5.11. Cash Management 85 Section 5.12. Additional Subsidiaries and Collateral 86 Section 5.13. Intentionally Omitted 88 Section 5.14. Further Assurances 88 Section 5.15. Intentionally Omitted 88 Section 5.16. Storage Facilities; No Removal 88 Section 5.17. People with Significant Control Regime 89 Section 5.18. UK Pension 89 ARTICLE VI FINANCIAL COVENANTS 89 Section 6.1. Leverage Ratio 89 Section 6.2. Fixed Charge Coverage Ratio 89 Section 6.3. Consolidated Senior Debt to Library Value 89 ARTICLE VII NEGATIVE COVENANTS 90 Section 7.1. Indebtedness and Preferred Equity 90 Section 7.2. Liens 92 Section 7.3. Fundamental Changes 93 Section 7.4. Investments, Loans 94 TABLE OF CONTENTS (cont’d) Section 7.5. Restr...
Conditions Precedent to Loans and Letters of Credit. The obligation of the Lender to make Loans or issue Letters of Credit hereunder shall be subject to the satisfaction of each of the following conditions:
Conditions Precedent to Loans and Letters of Credit. Section 3.1. Conditions To Effectiveness. *
Conditions Precedent to Loans and Letters of Credit. As a condition precedent to the Administrative Agent or any Lender making any Loan (including the initial Loans on the Effective Date), or the Agents assisting the Borrowers in establishing, or opening any Letter of Credit (including the initial Letters of Credit on the Effective Date), each of the following conditions precedent shall be fulfilled in a manner satisfactory to the Administrative Agent;
