Common use of Conditions for First Disbursement Clause in Contracts

Conditions for First Disbursement. The obligation of the Lenders to make the first Borrowing hereunder is subject to receipt by each Lender and the Agent of the following documents and completion of the following matters, in form and substance satisfactory to each Lender and the Agent:

Appears in 6 contracts

Sources: Credit Agreement (BMG North America LTD), Credit Agreement (Prudenville Manufacturing Inc), Credit Agreement (BMG North America LTD)

Conditions for First Disbursement. The obligation of the Lenders to make the first Borrowing Advance hereunder is subject to receipt by each Lender and the Agent of the following documents and completion of the following matters, in form and substance satisfactory to each Lender and the Agent:

Appears in 5 contracts

Sources: Credit Agreement (Aetna Industries Inc), Credit Agreement (Standard Parking Ii LLC), Loan Agreement (Airnet Systems Inc)

Conditions for First Disbursement. The obligation of the Lenders to make the first Borrowing Loan hereunder is subject to receipt by each Lender and the Administrative Agent of the following documents and completion of the following matters, in form and substance satisfactory to each Lender and the Administrative Agent:

Appears in 1 contract

Sources: Short Term Credit Agreement (National Auto Credit Inc /De)