Conditions Precedent to Credit Events on the Closing Date Sample Clauses
The 'Conditions Precedent to Credit Events on the Closing Date' clause sets out specific requirements that must be satisfied before any credit-related actions, such as loan disbursements or drawdowns, can occur on the closing date of a transaction. Typically, these conditions may include the delivery of necessary documents, confirmation of compliance with representations and warranties, and the absence of any default or adverse events. By establishing these prerequisites, the clause ensures that all parties have met their obligations and that the transaction proceeds smoothly, thereby reducing the risk of disputes or financial loss.
Conditions Precedent to Credit Events on the Closing Date. The obligation of each Lender to make Term Loans on the Closing Date, is subject at the time of the making of such Term Loans to the satisfaction or waiver of the following conditions:
Conditions Precedent to Credit Events on the Closing Date. The Administrative Agent, Swingline Lenders, the Issuing Bank and the Lenders shall not be required to fund any Revolving Loans or Swingline Loans, or arrange for the issuance of any Letters of Credit on the Closing Date, until the following conditions are satisfied or waived.
Conditions Precedent to Credit Events on the Closing Date. The Administrative Agent, the Issuing Banks and the Lenders shall not be required to fund any Term Loans or Revolving Loans, or arrange for the issuance of any Letters of Credit on the Closing Date, until the following conditions are satisfied or waived.
Conditions Precedent to Credit Events on the Closing Date. The obligation of each Lender and Issuing Bank to make Loans or issue a Letter of Credit on the Closing Date, is subject at the time of the making of such Loans or issuance of such Letter of Credit to the satisfaction or waiver of the following conditions: