Common use of Initial Borrowing Clause in Contracts

Initial Borrowing. The obligations of the Banks to fund the initial Borrowing shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 2 contracts

Samples: Credit Agreement (Magnum Hunter Resources Inc), Credit Agreement (Magnum Hunter Resources Inc)

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Initial Borrowing. The obligations of the Banks Lenders to fund the initial Borrowing shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Penford Corp)

Initial Borrowing. The obligations of the Banks Lenders to fund the initial Borrowing shall be subject to the prior or concurrent satisfaction fulfillment of each of the conditions precedent set forth in this Section 5.15.1 to the satisfaction of the Agent.

Appears in 1 contract

Samples: Credit Agreement (Cencom Cable Income Partners Ii L P)

Initial Borrowing. The obligations obligation of the Banks Lender to fund the initial Borrowing Loan shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section SECTION 5.1.

Appears in 1 contract

Samples: Credit Agreement (Corzon Inc)

Initial Borrowing. The obligations of the Banks Lender to fund the ----------------- initial Borrowing shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.. -----------

Appears in 1 contract

Samples: Credit Agreement (Oregon Steel Mills Inc)

Initial Borrowing. The obligations obligation of the Banks each Lender to fund the initial Borrowing hereunder shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.14.1 and in Section 4.2.

Appears in 1 contract

Samples: Thorn Apple Valley Inc

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Initial Borrowing. The obligations of the Banks Lenders to fund the initial Borrowing and make the Initial Draw Term Loans shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (U.S. Shipping Partners L.P.)

Initial Borrowing. The obligations of the Banks Lenders to fund the initial Borrowing after the date hereof shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

Appears in 1 contract

Samples: Credit Agreement (Pogo Producing Co)

Initial Borrowing. The obligations of the Banks Lenders ----------------- to fund the initial Borrowing shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.. -----------

Appears in 1 contract

Samples: Credit Agreement (Vintage Petroleum Inc)

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