Common use of Advance Not A Waiver Clause in Contracts

Advance Not A Waiver. No Advance shall constitute a waiver of any condition to Bank’s obligation to make further Advances, nor, in the event Obligor(s) are unable to satisfy any condition, shall any Advance have the effect of precluding Bank from thereafter declaring such inability to be an Event of Default.

Appears in 2 contracts

Samples: Loan Agreement (Sanara MedTech Inc.), Loan Agreement (Stabilis Solutions, Inc.)

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Advance Not A Waiver. No Advance advance shall constitute a waiver of any condition to of the conditions of Bank’s obligation to make further Advancesobligations hereunder, nor, in the event Obligor(s) are Borrower is unable to satisfy any such condition, shall any Advance advance have the effect of precluding Bank from thereafter declaring such inability to be an Event of Default.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Ironclad Performance Wear Corp)

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Advance Not A Waiver. No Advance advance shall constitute a waiver of any condition to of the conditions of Bank’s obligation to make further Advancesobligations hereunder, nor, in the event Obligor(s) are Borrower is unable to satisfy any such condition, shall any Advance advance have the effect of precluding Bank from thereafter declaring such inability to be an Event of Default.. REVOLVING LOAN AND SECURITY AGREEMENT 12

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Ironclad Performance Wear Corp)

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