Common use of The Commitment and Initial Loans Clause in Contracts

The Commitment and Initial Loans. The Commitment and the obligation of the Lenders to make the initial Advances of the Loans are subject to performance by the Borrower of all of its obligations under this Agreement and to the satisfaction of the conditions precedent that all legal matters incident to the transactions contemplated hereby or incidental to the Loans shall be reasonably satisfactory to counsel for the Agent and that the Lenders shall have received on or before the Closing Date all of the following, each dated the Closing Date or another date acceptable to the Lenders and each to be in form and substance reasonably satisfactory to the Agent and the Lenders or if any of the following is not a deliverable, the satisfaction of such condition in form and substance reasonably satisfactory to the Agent:

Appears in 1 contract

Samples: Loan Agreement (Trimble Navigation LTD /Ca/)

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The Commitment and Initial Loans. The Commitment and the obligation of the Lenders to make the initial Advances of the Loans are subject to performance by the Borrower of all of its obligations under this Agreement and to the satisfaction of the conditions precedent that all legal matters incident to the transactions contemplated hereby or incidental to the Loans shall be reasonably satisfactory to counsel for the Agent and that the Lenders shall have received on or before the Closing Date all of the following, each dated the Closing Date or another date acceptable to the Lenders and each to be in form and substance reasonably satisfactory to the Agent and the Lenders or if any of the following is not a deliverable, the satisfaction of such condition in form and substance reasonably satisfactory to the Agent:

Appears in 1 contract

Samples: Loan Agreement (Broadway & Seymour Inc)

The Commitment and Initial Loans. The Commitment and ------------- -------------------------------- the obligation of the Lenders to make the initial Advances of the Loans are subject to performance by the Borrower of all of its obligations under this Agreement and to the satisfaction (or waiver) of the conditions precedent that all legal matters incident to the transactions contemplated hereby or incidental to the Loans shall be reasonably satisfactory to counsel for the Agent and that the Lenders shall have received on or before the Closing Date all of the following, each dated the Closing Date or another date reasonably acceptable to the Lenders and each to be in form and substance reasonably satisfactory to the Agent and the Lenders or if any of the following is not a deliverable, the satisfaction of such condition in form and substance reasonably satisfactory to the Agent:

Appears in 1 contract

Samples: Loan Agreement (Boron Lepore & Associates Inc)

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The Commitment and Initial Loans. The Commitment and ------------- -------------------------------- the obligation of the Lenders to make the initial Advances of the Loans are subject to performance by the Borrower of all of its obligations under this Agreement and to the satisfaction of the conditions precedent that all legal matters incident to the transactions contemplated hereby or incidental to the Loans shall be reasonably satisfactory to counsel for the Agent and that the Lenders shall have received on or before the Closing Date all of the following, each dated the Closing Date or another date acceptable to the Lenders and each to be in form and substance reasonably satisfactory to the Agent and the Lenders or if any of the following is not a deliverable, the satisfaction of such condition in form and substance reasonably satisfactory to the Agent:

Appears in 1 contract

Samples: Loan Agreement (Nxtrend Technology Inc)

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