Common use of Additional Conditions Precedent to All Advances Clause in Contracts

Additional Conditions Precedent to All Advances. Wxxxx Fargo’s obligation to make any Advance (including the initial Advance) shall be subject to the further additional conditions: (a) that the representations and warranties described in Exhibit D are correct on the date of the Advance, except to the extent that such representations and warranties relate solely to an earlier date; and (b) that no event has occurred and is continuing, or would result from the requested Advance that would result in an Event of Default.

Appears in 2 contracts

Samples: Credit and Security Agreement (Iridex Corp), Credit and Security Agreement (Merrimac Industries Inc)

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Additional Conditions Precedent to All Advances. Wxxxx Xxxxx Fargo’s obligation to make any Advance (including the initial Advance) shall be subject to the further additional conditions: (a) that the representations and warranties described in Exhibit D are correct on the date of the Advance, except to the extent that such representations and warranties relate solely to an earlier date; and (b) that no event has occurred and is continuing, or would result from the requested Advance that would result in an Event of Default.

Appears in 2 contracts

Samples: Credit and Security Agreement (Pinnacle Data Systems Inc), Credit and Security Agreement (Capstone Turbine Corp)

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