Common use of Conditions to Initial Advance Clause in Contracts

Conditions to Initial Advance. Lenders shall not be obligated to make their initial Loans pursuant to this Agreement unless and until Borrowers satisfy the following conditions:

Appears in 3 contracts

Sources: Credit Agreement (Alfa Corp), Credit Agreement (Response Oncology Inc), Credit Agreement (Books a Million Inc)

Conditions to Initial Advance. Lenders shall not be obligated to make their initial Loans Loan pursuant to this Agreement unless and until Borrowers satisfy Borrower satisfies the following conditions:

Appears in 3 contracts

Sources: Loan Agreement (Response Oncology Inc), Loan Agreement (Response Oncology Inc), Loan Agreement (Seafield Capital Corp)