Additional Conditions Precedent Regarding Additional Reserve Sample Clauses

Additional Conditions Precedent Regarding Additional Reserve. Notwithstanding anything to the contrary contained herein or in the other Loan Documents, Lender’s obligation to convert its Additional Reserve into a binding commitment to make Loans to Borrowers pursuant to the terms of the Loan and Security Agreement, this Supplement and any other Loan Documents is subject to Borrowers and Lender having mutually agreed, in writing, to make the Additional Reserve into a binding commitment. The parties currently contemplate that the “Termination Date” for such future binding commitment, if any, will be December 31, 2011, the amount of any such binding future commitment shall not exceed the lesser of $1,500,000 (per Lender) and 25% of the proceeds Parent receives from the sale of shares of Parent’s equity securities in the next equity financing closed after the date hereof, and that the other terms of any such commitment shall be mutually determined at a later date by Lender and Borrowers. Lender shall not receive any commitment fee and additional warrant coverage in connection with the Additional Reserve until such time, if any, that it is converted into a binding commitment.
Sample 1
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Related to Additional Conditions Precedent Regarding Additional Reserve

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • Initial Conditions Precedent The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

  • Additional Conditions For each mediation or arbitration:

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to:

  • Mutual Conditions Precedent The obligations of the Parties to complete the transactions contemplated by this Agreement are subject to the fulfillment, on or before the Effective Time, of each of the following conditions precedent, each of which may only be waived with the mutual consent of the Parties:

  • Evidence of Compliance with Conditions Precedent The Guarantor shall provide to the Guarantee Trustee such evidence of compliance with such conditions precedent, if any, provided for in this Guarantee Agreement that relate to any of the matters set forth in Section 314(c) of the Trust Indenture Act. Any certificate or opinion required to be given by an officer pursuant to Section 314(c)(1) may be given in the form of an Officers' Certificate.

  • ORIGINAL CONDITIONS All reinsurance under this Contract shall be subject to the same rates, terms, conditions, waivers and interpretations, and to the same modifications and alterations as the respective Policies of the Company. However, in no event shall this be construed in any way to provide coverage outside the terms and conditions set forth in this Contract.

  • Special Conditions a. To the extent that this Amendment conflicts with the Agreement, this Amendment shall control. No right or license of any kind is granted to Licensee except as expressly provided in the Agreement and this Amendment.

  • Additional Conditions to Closing (a) All necessary approvals under federal and state securities laws and other authorizations relating to the issuance of the Acquisition Shares and the transfer of the Shares shall have been received.

  • Additional Conditions to Letters of Credit If the issuance of a Letter of Credit is requested, all conditions set forth in Section 2.3 shall have been satisfied.

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