Common use of Conditions of Initial Borrowing Clause in Contracts

Conditions of Initial Borrowing. The obligation of each Lender to make Loans and the obligation of the Issuing Bank to issue the Letter of Credit on the Closing Date hereunder is subject to satisfaction of the following conditions precedent each in form and substance reasonably satisfactory to the Administrative Agent (acting on the instructions of all Lenders and the Issuing Bank):

Appears in 2 contracts

Samples: Credit Agreement (Sunrun Inc.), Credit Agreement (Sunrun Inc.)

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Conditions of Initial Borrowing. The obligation of each Lender to make Loans in connection with the initial Borrowing hereunder, and the obligation of the Issuing Bank Lender to issue the Letter Letters of Credit hereunder on the Closing Date hereunder Restatement Effective Date, is subject to the satisfaction of the following conditions precedent each in form and substance reasonably satisfactory to the Administrative Agent (acting on the instructions of all Lenders and the Issuing Bank):precedent:

Appears in 2 contracts

Samples: Credit Agreement (Old Dominion Freight Line Inc/Va), Credit Agreement (Old Dominion Freight Line Inc/Va)

Conditions of Initial Borrowing. The obligation of each Lender to make Loans in connection with the initial Borrowing hereunder, and the obligation of the Issuing Bank Lenders to issue the Letter Letters of Credit Credit, if any, hereunder on the Closing Date hereunder Date, is subject to the satisfaction or written waiver of the following conditions precedent each in form and substance reasonably satisfactory (subject to the Administrative Agent (acting on the instructions last paragraph of all Lenders and the Issuing Bankthis Section 4.01):

Appears in 1 contract

Samples: Credit Agreement (Blue Bird Corp)

Conditions of Initial Borrowing. The obligation of each Lender to make ------------------------------- Loans in connection with the initial Borrowing hereunder, and the obligation of the Issuing Bank Lender to issue the Letter Letters of Credit hereunder on the Closing Date hereunder Date, is subject to the satisfaction of the following conditions precedent each in form and substance reasonably satisfactory to the Administrative Agent (acting on the instructions of all Lenders and the Issuing Bank):precedent:

Appears in 1 contract

Samples: Pledge and Security Agreement (Petersen Companies Inc)

Conditions of Initial Borrowing. The obligation of each Lender to make Loans in connection with the initial Borrowing hereunder, and the obligation of the any Issuing Bank Lender to issue the Letter Letters of Credit hereunder on the Closing Date hereunder Date, is subject to the satisfaction of the following conditions precedent each in form and substance reasonably satisfactory to the Administrative Agent (acting on the instructions of all Lenders and the Issuing Bank):precedent:

Appears in 1 contract

Samples: Credit Agreement (Manning & Napier, Inc.)

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Conditions of Initial Borrowing. The obligation of each Lender to make Loans in connection with the initial Borrowing hereunder, and the obligation of the Issuing Bank Lender to issue the Letter Letters of Credit hereunder on the Initial Closing Date hereunder Date, is subject to the satisfaction of the following conditions precedent each in form and substance reasonably satisfactory to the Administrative Agent (acting on the instructions of all Lenders and the Issuing Bank):precedent:

Appears in 1 contract

Samples: Credit Agreement (St Joe Co)

Conditions of Initial Borrowing. The obligation of each Lender to make Loans in connection with the initial Borrowing hereunder, and the obligation of the Issuing Bank Lenders to issue the Letter Letters of Credit hereunder on the Closing Date hereunder Restatement Effective Date, is subject to the satisfaction of the following conditions precedent each in form and substance reasonably satisfactory to the Administrative Agent (acting on the instructions of all Lenders and the Issuing Bank):precedent:

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Freight Line, Inc.)

Conditions of Initial Borrowing. The obligation of each Lender to make Loans in connection with the initial Borrowing hereunder, and the obligation of the Issuing Bank Lender to issue the Letter Letters of Credit hereunder on the Closing Date hereunder Date, is subject to the satisfaction or written waiver of the following conditions precedent each in form and substance reasonably satisfactory to the Administrative Agent (acting on the instructions of all Lenders and the Issuing Bank):precedent:

Appears in 1 contract

Samples: Credit Agreement (Metaldyne Performance Group Inc.)

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