Common use of Initial Credit Extension Clause in Contracts

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lender to issue its initial Letter of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the conditions precedent that the Administrative Agent shall have received all of the following, each duly executed and dated the Closing Date (or such earlier date as shall be satisfactory to the Administrative Agent), in form and substance satisfactory to the Administrative Agent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Administrative Agent and the Lenders is called the “Closing Date”):

Appears in 3 contracts

Sources: Credit Agreement (Westell Technologies Inc), Credit Agreement (Cpi Corp), Credit Agreement (American Railcar Industries, Inc.)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lender Lenders to issue its their initial Letter Letters of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the conditions condition precedent that the Administrative Agent shall have received all of the following, each duly executed and dated the Closing Date (or such earlier date as shall be satisfactory to the Administrative Agent), in form and substance satisfactory to the Administrative Agent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Administrative Agent and the Lenders is called the “Closing Date”):

Appears in 2 contracts

Sources: Credit Agreement (Primoris Services Corp), Credit Agreement (Primoris Services Corp)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lender Lenders to issue its their initial Letter Letters of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the conditions precedent that the Administrative Agent shall have received all of the following, each duly executed and dated as of the Closing Date (or such earlier date as shall be satisfactory to the Administrative Agent), in form and substance reasonably satisfactory to the Administrative Agent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Administrative Agent and the Lenders is called the “Closing Date”):

Appears in 2 contracts

Sources: Credit Agreement (Jefferies Credit Partners BDC Inc.), Credit Agreement (Morgan Stanley Direct Lending Fund)

Initial Credit Extension. The obligation of the Administrative Agent and the Lenders to make amend and restate the initial Loans and the obligation of the Issuing Lender to issue its initial Letter of Existing Credit (whichever first occurs) Agreement is, in addition to the conditions precedent specified in Section 12.211.2, subject to the conditions precedent that the Administrative Agent shall have received all of the followingfollowing have been received, each duly executed and dated the Closing Effective Date (or such earlier date as shall be satisfactory to the Administrative Agent), in form and substance satisfactory to the Administrative Agent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Administrative Agent and the Required Lenders is called the “Closing Effective Date”):

Appears in 1 contract

Sources: Credit Agreement (Navigant Consulting Inc)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the each Issuing Lender to issue its initial Letter of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the conditions precedent that the Administrative Agent shall have received all of the following, each duly executed and dated the Closing Date (or such earlier date as shall be satisfactory to the Administrative Agent), in form and substance satisfactory to the Administrative Agent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Administrative Agent and the Lenders is called the “Closing Date”):

Appears in 1 contract

Sources: Credit Agreement (Semco Energy Inc)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lender Bank to issue its initial Letter of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the conditions precedent that the Administrative Agent shall have received all of the following, each duly executed and dated the Closing Date (or such earlier date as shall be satisfactory to the Administrative Agent), in form and substance reasonably satisfactory to the Administrative Agent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Administrative Agent and the Lenders is called the “Closing Date”):

Appears in 1 contract

Sources: Credit Agreement (Russ Berrie & Co Inc)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans Loans, and the obligation of the Issuing Fronting Lender to issue its enter into the initial Letter of Credit (whichever first occurs) Drafting Agreement and to fund any initial Draft, is, in addition to the conditions precedent specified in Section 12.210.2, subject to the conditions precedent that the Administrative Agent shall have received all of the following, each duly executed and dated the Closing Date (or such earlier date as shall be satisfactory to the Administrative Agent), in form and substance satisfactory to the Administrative Agent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Administrative Agent and the Required Lenders is called the “Closing Date”):

Appears in 1 contract

Sources: Credit Agreement (Carmax Inc)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lender to issue its initial Letter of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the conditions condition precedent that the Administrative Agent shall have received all of the following, each duly executed and dated the Closing Date (or such earlier date as shall be satisfactory to the Administrative Agent), in form and substance satisfactory to the Administrative Agent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Administrative Agent and the Lenders is called the “Closing Date”):

Appears in 1 contract

Sources: Credit Agreement (Centene Corp)

Initial Credit Extension. The obligation of the Lenders to make the initial Loans and the obligation of the Issuing Lender to issue its initial Letter of Credit (whichever first occurs) is, in addition to the conditions precedent specified in Section 12.2, subject to the conditions precedent that the Administrative Agent shall have received all of the following, each duly executed and dated the Closing Date (or such earlier date as shall be satisfactory to the Administrative Agent), in form and substance reasonably satisfactory to the Administrative Agent (and the date on which all such conditions precedent have been satisfied or waived in writing by the Administrative Agent and the Lenders is called the “Closing Date”):

Appears in 1 contract

Sources: Credit Agreement (Cpi Corp)