Common use of Conditions Precedent to Initial Advances Clause in Contracts

Conditions Precedent to Initial Advances. The obligation of each Bank to make its initial Advances as part of the initial Borrowings is subject to the conditions precedent that:

Appears in 2 contracts

Sources: Credit Agreement (Schweitzer Mauduit International Inc), Credit Agreement (Schweitzer Mauduit International Inc)

Conditions Precedent to Initial Advances. The obligation of each Bank to make its initial Advances as part Advance and of the Issuing Bank to issue the initial Borrowings Letter of Credit is subject to the conditions precedent that:

Appears in 2 contracts

Sources: Credit Agreement (Crosstex Energy Lp), Credit Agreement (Crosstex Energy Lp)

Conditions Precedent to Initial Advances. The obligation of each Bank to make its initial Advances as part Advance and for the Existing Letters of Credit to be deemed Letters of Credit issued by the initial Borrowings Issuing Bank hereunder is subject to the conditions precedent that:

Appears in 2 contracts

Sources: Credit Agreement (Crosstex Energy Lp), Credit Agreement (Crosstex Energy Lp)

Conditions Precedent to Initial Advances. The obligation of each Bank to make its initial Advances as part Advance and of the Issuing Bank to issue the initial Borrowings Letters of Credit is subject to the satisfaction or waiver in writing of the following conditions precedent thatprecedent:

Appears in 1 contract

Sources: Credit Agreement (Holly Energy Partners Lp)

Conditions Precedent to Initial Advances. The obligation of each Bank Lender to make its initial Advances as part of the initial Borrowings or the Issuing Bank to issue the initial Letters of Credit is subject to the conditions precedent that:

Appears in 1 contract

Sources: Credit Agreement (Global Industries LTD)

Conditions Precedent to Initial Advances. The obligation of each Bank to make its initial Advances as part Advance and of the Issuing Banks to issue the initial Borrowings Letters of Credit is subject to the satisfaction or waiver in writing of the following conditions precedent thatprecedent:

Appears in 1 contract

Sources: Credit Agreement (Holly Energy Partners Lp)