Common use of Conditions Precedent to Initial Extension of Credit Clause in Contracts

Conditions Precedent to Initial Extension of Credit. The obligation of each Bank to make the initial extension of credit under this Agreement, including the making of any Revolving Loan Advances and the issuance of any Letters of Credit, and the obligation of the Swing Line Lender to make any advances under the Swing Line Loan shall be subject to the following conditions precedent:

Appears in 2 contracts

Sources: Credit Agreement (Integrated Electrical Services Inc), Credit Agreement (Integrated Electrical Services Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Bank to make the initial extension of credit under this Agreement, including the making of any Term Loan Advance or Revolving Loan Advances Advance and the issuance of any Letters Letter of Credit, and the obligation of the Swing Line Lender to make any advances under the Swing Line Loan shall be subject to the following conditions precedent:

Appears in 1 contract

Sources: Credit Agreement (NBH Holdings Co Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Bank to make the initial extension of credit under this Agreement, including the making of any Revolving Loan Advances and the issuance of any Letters of Credit, and the obligation of the Swing Line Lender to make any advances under the Swing Line Loan Loan, shall be subject to the following conditions precedent: (a) The Administrative Agent shall have received and approved:

Appears in 1 contract

Sources: Credit Agreement (Eagle Usa Airfreight Inc)

Conditions Precedent to Initial Extension of Credit. The obligation of each Bank to make the initial extension of credit under this Agreement (not including any extension of credit under the 2001 Credit Agreement), including the making of any Term Loan Advance or Revolving Loan Advances Advance and the issuance of any Letters Letter of Credit, and the obligation of the Swing Line Lender to make any advances under the Swing Line Loan shall be subject to the following conditions precedent:

Appears in 1 contract

Sources: Credit Agreement (Integrated Electrical Services Inc)