Common use of Conditions Precedent to Initial Loans and Letters of Credit Clause in Contracts

Conditions Precedent to Initial Loans and Letters of Credit. The obligation of Lenders to make the initial Loans or of Issuing Bank to issue the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver of, immediately prior to or concurrently with the making of such Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 8 contracts

Sources: Loan and Security Agreement (Global Brass & Copper Holdings, Inc.), Loan and Security Agreement (Pacific Ethanol, Inc.), Loan and Security Agreement (Merix Corp)

Conditions Precedent to Initial Loans and Letters of Credit. The obligation of Lenders to make the initial Loans or of Issuing Bank to issue provide for the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver of, immediately prior to or concurrently with the making of such Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 4 contracts

Sources: Loan and Security Agreement (Nu Horizons Electronics Corp), Loan and Security Agreement (Amh Holdings, LLC), Loan and Security Agreement (Associated Materials, LLC)

Conditions Precedent to Initial Loans and Letters of Credit. The obligation of Lenders to make the initial Loans or and of Issuing Bank to issue provide for the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver of, immediately prior to or concurrently with the making of such Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 2 contracts

Sources: Loan and Security Agreement (Nci Building Systems Inc), Loan and Security Agreement (Nci Building Systems Inc)

Conditions Precedent to Initial Loans and Letters of Credit. The obligation of Lenders to make the initial Loans or and of the Issuing Bank to issue the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver (in accordance with Section 11.4) of, immediately prior to or concurrently with the making of such Loan or the issuance of such Letter Letters of Credit of each of the following conditions precedent:

Appears in 2 contracts

Sources: Loan and Security Agreement (Vitamin Shoppe, Inc.), Loan and Security Agreement (Vitamin Shoppe, Inc.)

Conditions Precedent to Initial Loans and Letters of Credit. The obligation of Lenders Lender to make the initial Loans or of Issuing Bank to issue the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver of, immediately prior to or concurrently with the making of such Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 1 contract

Sources: Loan and Security Agreement (Farmer Brothers Co)

Conditions Precedent to Initial Loans and Letters of Credit. The obligation of Lenders Lender to make the initial Loans or of Issuing Bank to issue arrange or provide for the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver of, immediately prior to or concurrently with the making of such Loan or the issuance of such Letter of Credit Effective Date of each of the following conditions precedent:

Appears in 1 contract

Sources: Loan and Security Agreement (Jazz Semiconductor Inc)

Conditions Precedent to Initial Loans and Letters of Credit. The obligation of Lenders to make the initial Loans or of Issuing Bank Agent and Lenders to issue provide for the initial Letters of Credit hereunder is subject to the satisfaction of, or waiver of, immediately prior to or concurrently with the making of such Loan or the issuance of such Letter of Credit of each of the following conditions precedent:

Appears in 1 contract

Sources: Loan and Security Agreement (Keystone Consolidated Industries Inc)