Conditions to the Initial Loans. No Lender shall be obligated to make any Loan on the Closing Date, or to take, fulfill, or perform any other action hereunder, until the following conditions have been satisfied or provided for in a manner satisfactory to Administrative Agent, or waived in writing by Administrative Agent on behalf of the Lenders:
Appears in 2 contracts
Sources: Credit Agreement (Presstek Inc /De/), Credit Agreement (Presstek Inc /De/)
Conditions to the Initial Loans. No Lender shall be obligated to make any Loan or incur any Letter of Credit Obligations on the Closing Date, or to take, fulfill, or perform any other action hereunder, until (i) all conditions provided for in Annex D have been satisfied or provided for in a manner reasonably satisfactory to Agent, or waived in writing by Agent and Requisite Lenders and (ii) the following conditions have been satisfied or provided for in a manner reasonably satisfactory to Administrative Agent, or waived in writing by Administrative Agent on behalf of the and Requisite Lenders:
Appears in 2 contracts
Sources: Credit Agreement (Rand Logistics, Inc.), Credit Agreement (Rand Acquisition CORP)
Conditions to the Initial Loans. No Lender shall be obligated to make any Loan or incur any Letter of Credit Obligations on the Restatement Closing Date, or to take, fulfill, or perform any other action hereunder, until (i) all conditions provided for in Annex D-1 have been satisfied or provided for in a manner reasonably satisfactory to Agent, or waived in writing by Agent and Requisite Lenders and (ii) the following conditions have been satisfied or provided for in a manner reasonably satisfactory to Administrative Agent, or waived in writing by Administrative Agent on behalf of the and Requisite Lenders:
Appears in 1 contract
Conditions to the Initial Loans. No Lender shall be obligated to make any Loan or incur any Letter of Credit Obligations on the Closing Date, or to take, fulfill, or perform any other action hereunder, until (i) all conditions provided for in Annex D-1 have been satisfied or provided for in a manner reasonably satisfactory to Agent, or waived in writing by Agent and Requisite Lenders and (ii) the following conditions have been satisfied or provided for in a manner reasonably satisfactory to Administrative Agent, or waived in writing by Administrative Agent on behalf of the and Requisite Lenders:
Appears in 1 contract
Conditions to the Initial Loans. No Lender shall be obligated ------------------------------- to make any Loan or incur any Eligible Trade L/C Obligations or Letter of Credit Obligations on the Closing Date, or to take, fulfill, or perform any other action hereunder, until the following conditions have been satisfied or provided for satisfied, in a manner satisfactory to Administrative Agent's sole discretion, or waived in writing by Administrative Agent and those Lenders present at the closing on behalf of the LendersClosing Date:
Appears in 1 contract