Common use of Conditions Precedent to Initial Extension of Credit Clause in Contracts

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 55 contracts

Samples: Credit Agreement (Easterly Government Properties, Inc.), Credit Agreement, Credit Agreement (Easterly Government Properties, Inc.)

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Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 29 contracts

Samples: Credit Agreement (Esterline Technologies Corp), Credit Agreement (Crowley Newco CORP), Credit Agreement (Alpharma Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 16 contracts

Samples: Term Loan Agreement (Digital Realty Trust, L.P.), Term Loan Agreement (Digital Realty Trust, L.P.), Credit Agreement (Summit Hotel Properties, Inc.)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an its initial Advance or to any Borrower, and the obligation of any Issuing each Fronting Bank to issue a its initial Letter of Credit on the occasion of the Initial Extension of Credit hereunder is Credit, are subject to the satisfaction of the following conditions precedent that on or before or concurrently with the Initial date of any such Extension of Credit:

Appears in 15 contracts

Samples: Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp), Credit Agreement

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of each of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 8 contracts

Samples: Credit Agreement (Cantel Medical Corp), Credit Agreement (Applied Graphics Technologies Inc), Credit Agreement (Private Business Inc)

Conditions Precedent to Initial Extension of Credit. The effectiveness of this Amended and Restated Credit Agreement, and the obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the such effectiveness or Initial Extension of Credit:

Appears in 4 contracts

Samples: Credit Agreement (Steel Dynamics Inc), Credit Agreement (Steel Dynamics Inc), Credit Agreement (Steel Dynamics Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any each Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 4 contracts

Samples: First Lien Credit Agreement (Landrys Restaurants Inc), Credit Agreement (Landrys Restaurants Inc), Credit Agreement (McDermott International Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 4 contracts

Samples: Credit Agreement (Carlyle Industries Inc), Credit Agreement (International Rectifier Corp /De/), Credit Agreement (Safety 1st Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance Advance, of the Existing Issuing Bank to continue the Existing Letters of Credit under this Agreement, or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 4 contracts

Samples: Credit Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an its initial Advance or to the Borrower, and the obligation of any Issuing each Fronting Bank to issue a its initial Letter of Credit on the occasion of the Initial Extension of Credit hereunder is Credit, are subject to the satisfaction of the following conditions precedent that on or before or concurrently with the Initial date of any such Extension of Credit:

Appears in 4 contracts

Samples: Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:Credit (and Article II of this Agreement shall become effective on and as of the first date on which such conditions precedent have been satisfied):

Appears in 3 contracts

Samples: Credit Agreement (CBRL Group Inc), Credit Agreement (CBRL Group Inc), Credit Agreement (Cracker Barrel Old Country Store, Inc)

Conditions Precedent to Initial Extension of Credit. The --------------------------------------------------- obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 3 contracts

Samples: Credit Agreement (PHP Healthcare Corp), Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any each Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction or waiver of each of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 2 contracts

Samples: Credit Agreement (Team Health Inc), Security Agreement (Inphynet South Broward Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder Funding Date is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credittherewith:

Appears in 2 contracts

Samples: Credit Agreement (Sodexho Mariott Services Inc), Credit Agreement (Sodexho Alliance S A)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender Party to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 2 contracts

Samples: Credit Agreement (Key3media Group Inc), Credit Agreement (Key3media Group Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 2 contracts

Samples: And Guaranty Agreement (Pacific Drilling S.A.), Reimbursement Agreement (Ace LTD)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an a Committed Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 2 contracts

Samples: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:Credit (and Article II of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which such conditions precedent have been satisfied):

Appears in 2 contracts

Samples: Credit Agreement (Grubb & Ellis Co), Credit Agreement (Triple Crown Media, Inc.)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an a Regular Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Imc Global Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance Advance, or of any the Issuing Bank to issue a Letter of Credit Credit, in each case, on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of each of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Moran Transportation Co)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any Issuing Bank to issue or continue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Five Star Quality Care, Inc.)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction or waiver of the following conditions precedent before or concurrently with the Initial Extension of Credit:Credit (and Article II of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which such conditions precedent have been satisfied or waived):

Appears in 1 contract

Samples: Credit Agreement (Ntelos Holdings Corp)

Conditions Precedent to Initial Extension of Credit. The --------------------------------------------------- obligation of each the Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Motorola Inc)

Conditions Precedent to Initial Extension of Credit. The ------------------------------------------------------------------ obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Tri City Dialysis Center Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:Credit (and Article II of this Agreement shall become effective on and as of the first date (the "Effective Date") on which such conditions precedent have been satisfied):

Appears in 1 contract

Samples: Credit Agreement (Kansas City Southern)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion date of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Building Materials Manufacturing Corp)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank Lender (in the event such Issuing Lender determines in its sole discretion to issue a Letter of Credit) to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction or waiver of the following conditions precedent before or concurrently with the Initial Extension of Credit:Credit (and Sections 2.01 and 3.01 of this Agreement shall become effective on and as of the first date (the “Closing Date”) on which such conditions precedent have been satisfied):

Appears in 1 contract

Samples: Credit Agreement (Madison River Capital LLC)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an the initial Advance (or of otherwise to extend any Issuing Bank to issue a Letter of Credit credit provided for hereunder on the occasion of the Initial Extension of Credit hereunder Closing Date) is subject to the prior fulfillment, to the satisfaction of Lender in its sole discretion, of each of the following conditions precedent before or concurrently with the Initial Extension of Creditset forth below:

Appears in 1 contract

Samples: Loan Agreement (American Greetings Corp)

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Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit (other than the Existing Letters of Credit, which are already issued and outstanding on the date hereof) or an Alternative Currency Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of each of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Columbus McKinnon Corp)

Conditions Precedent to Initial Extension of Credit. The obligation agreement of each Lender to make an Advance or the initial extension of any Issuing Bank credit requested to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder be made by it is subject to the satisfaction satisfaction, prior to or concurrently with the making of such extension of credit on the Effective Date, of the following conditions precedent before or concurrently with the Initial Extension of Creditprecedent:

Appears in 1 contract

Samples: Credit Agreement (Ryland Group Inc)

Conditions Precedent to Initial Extension of Credit. (a) The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Advance Paradigm Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a the Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: And Guaranty Agreement (Pacific Drilling S.A.)

Conditions Precedent to Initial Extension of Credit. The effectiveness of this Second Amended and Restated Credit Agreement, and the obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the such effectiveness or Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Steel Dynamics Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an a Committed Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Ace LTD)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an its initial Advance or and the obligation of any the Issuing Bank to issue a the Letter of Credit on Credit, in each case, in connection with the occasion of the Initial initial Extension of Credit hereunder is are subject to the satisfaction of the following conditions precedent that on or before or concurrently with the Initial date of such Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Aquila Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:Credit (and Article II of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which such conditions precedent have been satisfied):

Appears in 1 contract

Samples: Credit Agreement (Triple Crown Media, Inc.)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an a Bridge Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before satisfaction, prior to or concurrently with the making of the Initial Extension of Credit, of the following conditions precedent:

Appears in 1 contract

Samples: Bridge Credit Agreement (Time Warner Telecom Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:Credit (and Article II of this Agreement shall become effective on and as of the first date (the "EFFECTIVE DATE") on which such conditions precedent have been satisfied):

Appears in 1 contract

Samples: Open Solutions Inc

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before prior to or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Security Agreement (Med E America Corp)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance to any Borrower (other than Danmark) or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (WHX Corp)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any Existing Issuing Bank to continue the Existing Letters of Credit under this Agreement or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Global Senior Credit Agreement (Digital Realty Trust, L.P.)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or Citi to continue the Existing Letter of Credit under this Agreement or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Easterly Government Properties, Inc.)

Conditions Precedent to Initial Extension of Credit. The ----------------------------------------------------------------- obligation of each Lender to make an Advance or of any the Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Amf Bowling Worldwide Inc

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of the Existing Issuing Bank to continue the Existing Letters of Credit under this Agreement or of any Issuing Bank to issue or continue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Five Star Senior Living Inc.)

Conditions Precedent to Initial Extension of Credit. The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the 75 69 satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

Appears in 1 contract

Samples: Credit Agreement (Amf Bowling Inc)

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