Common use of CONDITIONS OF INITIAL EXTENSION OF CREDIT Clause in Contracts

CONDITIONS OF INITIAL EXTENSION OF CREDIT. The obligation of Lender to make a Term Loan on the Initial Borrowing Date is subject to the satisfaction of the condition precedent that Lender shall have received on or before such date, the following items in form and substance satisfactory to Lender and its counsel executed where appropriate by a duly authorized officer of Borrower:

Appears in 2 contracts

Sources: Credit Agreement (Cell Genesys Inc), Credit Agreement (Vertex Pharmaceuticals Inc / Ma)

CONDITIONS OF INITIAL EXTENSION OF CREDIT. The obligation of Lender to make a Revolving Credit Loan and Term Loan on the Initial Borrowing Date is subject to the satisfaction of the condition precedent that Lender shall have received on or before such date, the following items in form and substance satisfactory to Lender and its counsel executed where appropriate by a duly authorized officer of Borrower:.

Appears in 1 contract

Sources: Credit Agreement (Genzyme Transgenics Corp)

CONDITIONS OF INITIAL EXTENSION OF CREDIT. The obligation of Lender to make a Term any Revolving Credit Loan and issue Letters of Credit on the Initial Borrowing Date is subject to the satisfaction of the condition precedent that Lender shall have received on or before such date, the following items in form and substance satisfactory to Lender and its counsel executed where appropriate by a duly authorized officer of Borrower. LOAN DOCUMENTS:

Appears in 1 contract

Sources: Credit Agreement (Btu International Inc)