Common use of Condition Precedent to Initial Advance Clause in Contracts

Condition Precedent to Initial Advance. The obligation of the Lender to make its initial Advance is subject to the conditions precedent that Lender shall have received on or before the day of such Advance the following, each dated such date, in form and substance satisfactory to the Lender: (I) The Note; and

Appears in 2 contracts

Samples: Credit Agreement (Dynacq International Inc), Credit Agreement (Dynacq International Inc)

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Condition Precedent to Initial Advance. The obligation of the Lender to make its initial the Advance is subject to the conditions condition precedent that the Lender shall have received on or before the day of such Advance the following, each dated such dateday, in form and substance reasonably satisfactory to the Lender: (I) The Note; and

Appears in 1 contract

Samples: Bridge Loan Agreement (Sorrento Therapeutics, Inc.)

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Condition Precedent to Initial Advance. The obligation of the Lender to make its initial Advance is subject to the conditions precedent that Lender shall have received on or before the day of such Advance the following, each dated such date, in form and substance satisfactory to the Lender: (I) The Note; , and

Appears in 1 contract

Samples: Credit Agreement (Dynacq International Inc)

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