Common use of Acceptance of Proceeds Clause in Contracts

Acceptance of Proceeds. The acceptance of the proceeds of the Loan shall constitute the representation and warranty by the Borrower to the Lender that all of the applicable conditions specified herein have been satisfied as of that time, except for such conditions that have been expressly waived in writing hereunder by the Lender.

Appears in 14 contracts

Samples: Loan Agreement (Baum & Associates /Fa/), Loan Agreement (Madison Liquidity Investors 104 LLC), Loan Agreement (Madison Liquidity Investors 104 LLC)

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Acceptance of Proceeds. The acceptance of the proceeds of the each Loan shall constitute the representation and warranty by the Borrower to the Lender Bank that all of the applicable conditions specified herein have been satisfied as of that time, except for such conditions that have been expressly waived in writing hereunder by the LenderBank.

Appears in 2 contracts

Samples: Loan Agreement (Riviera Tool Co), Loan Agreement (Riviera Tool Co)

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Acceptance of Proceeds. The acceptance of the proceeds of the Loan and any Advance shall constitute the representation and warranty by the Borrower Borrowers to the Lender that all of the applicable conditions specified herein have been satisfied as of that time, except for such conditions that have been expressly waived in writing hereunder by the Lender.

Appears in 1 contract

Samples: Working Capital Loan Agreement (Advocat Inc)

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