Common use of Conditions to Initial Borrowing Clause in Contracts

Conditions to Initial Borrowing. This Agreement shall become effective upon, and the obligation of each Lender to make its portion of the Loans to be advanced on the Closing Date is subject to, satisfaction of the following conditions precedent:

Appears in 2 contracts

Sources: Credit Agreement (Biocryst Pharmaceuticals Inc), Credit Agreement (Biocryst Pharmaceuticals Inc)

Conditions to Initial Borrowing. This The effectiveness of this Agreement shall become effective upon, and the obligation of each Lender to make its portion of initial Borrowing hereunder shall be subject to the Loans satisfaction, prior to be advanced on the Closing Date is subject toDate, satisfaction of the following conditions precedent, in each case, subject to Schedule 6.10:

Appears in 1 contract

Sources: Credit Agreement (Town Sports International Holdings Inc)

Conditions to Initial Borrowing. This The effectiveness of this Agreement shall become effective upon, and the obligation of each Lender to make its portion of initial Borrowing hereunder shall be subject to the Loans satisfaction, on or prior to be advanced on the Closing Date is subject toDate, satisfaction of the following conditions precedent:

Appears in 1 contract

Sources: Credit Agreement (Navan, Inc.)

Conditions to Initial Borrowing. This Agreement shall become effective upon, and the obligation of each Lender to make its portion of the Term A Loans to be advanced on the Closing Date is subject to, to satisfaction of the following conditions precedent:

Appears in 1 contract

Sources: Credit Agreement (ARS Pharmaceuticals, Inc.)