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

Conditions to Initial Extension of Credit. This Agreement, including the agreement of each Lender to make the initial Extension of Credit requested to be made by it, shall become effective on the date on which the following conditions precedent shall have been satisfied or waived; provided, however, that upon the satisfaction or waiver of the conditions set forth in clauses (a) (other than subclause (iii) thereof), (b), (c), (d), (e), (f), (g) (other than subclause (iv) thereof), (h), (i) (other than with respect to the Mortgages), (j) (other than subclause (ii) thereof), (l), (m), (n), (o), (p), (r), (u), (v), (x), (y), (z), (aa) and (bb) of this Subsection 6.1 to the extent provided thereby, all of the other conditions set forth in this Subsection 6.1, if not satisfied or waived on such date, shall be deemed to have been satisfied for all purposes hereunder and all such other conditions, if not satisfied or waived on such date, shall automatically be converted into covenants to accomplish the satisfaction of the applicable matters described in such conditions within the time period required by Subsection 7.12:

Appears in 5 contracts

Samples: Credit Agreement (Atkore International Group Inc.), Credit Agreement (Atkore International Group Inc.), Intercreditor Agreement (Atkore International Group Inc.)

AutoNDA by SimpleDocs

Conditions to Initial Extension of Credit. This Agreement, including the agreement of each Lender to make the initial Extension of Credit requested to be made by it, shall become effective on the date on which the following conditions precedent shall have been satisfied or waived; provided, however, that upon the satisfaction or waiver of the conditions set forth in clauses (a), (b), (c) (other than subclause (i) (B) thereof) (d), (e), (other than subclause (iii) thereof), (b), (c), (d), (e), (f), (g) (other than subclause (iv) thereof), (h), (i) (other than with respect to the Mortgages), (j) (other than subclause (ii) thereof), (l), (m), (n), (o), (p), (q), (r), (t), (u), (v), (x), and (y), (z), (aa) and (bb) of this Subsection Section 6.1 to the extent provided thereby, all of the other conditions set forth in this Subsection Section 6.1, if not satisfied or waived on such date, shall be deemed to have been satisfied for all purposes hereunder and all such other conditions, if not satisfied or waived on such date, shall automatically be converted into covenants to accomplish the satisfaction of the applicable matters described in such conditions within the time period required by Subsection subsection 7.12:

Appears in 1 contract

Samples: Credit Agreement (New Sally Holdings, Inc.)

Conditions to Initial Extension of Credit. This Agreement, including the agreement of each Lender to make the initial Extension of Credit requested to be made by it, shall become effective on the date on which the following conditions precedent shall have been satisfied or waived; provided, however, that upon the satisfaction or waiver of the conditions set forth in clauses (a) (other than subclause (iii) thereof), (b), (c), (d), ) (e), other than subclauses (i)(B) and (C) and (vii) thereof) (f), (g) (other than subclause (iv) thereof), (h) (other than the last sentence thereof), (i) (other than with respect to the Mortgages), (j) ), (other than subclause (ii) thereofk), (l), (m), (n), (o), (p), (q), (r), (us), (vt), (u), (x), (y), (z), ) and (aa) and (bb) of this Subsection Section 6.1 to the extent provided thereby, all of the other conditions set forth in this Subsection Section 6.1, if not satisfied or waived on such date, shall be deemed to have been satisfied for all purposes hereunder and all such other conditions, if not satisfied or waived on such date, shall automatically be converted into covenants to accomplish the satisfaction of the applicable matters described in such conditions within the time period required by Subsection 7.12subsection 7.13:

Appears in 1 contract

Samples: Mortgage, Security Agreement (Hertz Corp)

AutoNDA by SimpleDocs

Conditions to Initial Extension of Credit. This Agreement, including the agreement of each Lender to make the initial Extension of Credit requested to be made by it, shall become effective on the date on which the following conditions precedent shall have been satisfied or waived; provided, however, that upon the satisfaction or waiver of the conditions set forth in clauses (a) (other than subclause (iii) thereof), (b), (c), (d), ) (eother than subclauses (i)(B) and (C) and (vii) thereof), (f), (g) (other than subclause (iv) thereof), (h) (other than the last sentence thereof), (i) (other than with respect to the Mortgages), (j) ), (other than subclause (ii) thereofk), (l), (m), (n), (o), (p), (q), (r), (us), (vt), (u), (x), (y), (z), (aa) and (bbz) of this Subsection Section 6.1 to the extent provided thereby, all of the other conditions set forth in this Subsection Section 6.1, if not satisfied or waived on such date, shall be deemed to have been satisfied for all purposes hereunder and all such other conditions, if not satisfied or waived on such date, shall automatically be converted into covenants to accomplish the satisfaction of the applicable matters described in such conditions within the time period required by Subsection 7.12subsection 7.13:

Appears in 1 contract

Samples: Credit Agreement (Hertz Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.