Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Banks to make the initial Loans or the Fronting Bank to issue the initial Letter of Credit, whichever may occur first, is subject to the following conditions precedent:
Appears in 13 contracts
Sources: Revolving Credit and Guaranty Agreement (Kmart Corp), Revolving Credit Agreement (Systemax Inc), Revolving Credit and Guaranty Agreement (Alliance Entertainment Corp)
Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Banks Lenders to make the initial Loans or the Fronting Bank to issue the initial Letter of Credit, whichever may occur first, is subject to the following conditions precedent:
Appears in 4 contracts
Sources: Revolving Credit and Guaranty Agreement (Thermadyne Holdings Corp /De), Revolving Credit Agreement (Viasystems Group Inc), Revolving Credit and Guaranty Agreement (Act Manufacturing Inc)
Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Banks Lenders to make the initial Loans or the Fronting Bank to issue the initial Letter of Credit, whichever may occur first, is subject to the satisfaction (or waiver by the Initial Lenders) of the following conditions precedent:
Appears in 4 contracts
Sources: Revolving Credit, Term Loan and Guaranty Agreement (Ual Corp /De/), Revolving Credit, Term Loan and Guaranty Agreement (Ual Corp /De/), Revolving Credit and Guaranty Agreement (Danielson Holding Corp)
Conditions Precedent to Initial Loans and Initial Letters of Credit. The obligation of the Banks Lenders to make the initial Loans or the Fronting Bank Lender to issue the initial Letter of Credit, whichever may occur first, is subject to the following conditions precedent:
Appears in 1 contract
Sources: Revolving Credit and Guaranty Agreement (Guilford Mills Inc)