Common use of Condition Precedent to the Loan Clause in Contracts

Condition Precedent to the Loan. The obligation of Lender to make the Term Loan to Borrower is subject to the condition precedent that Lender shall have received on or before the day of closing each of the following, in form and substance satisfacto­ry to Lender and its counsel:

Appears in 1 contract

Samples: Loan Agreement (Panache Beverage, Inc.)

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Condition Precedent to the Loan. The obligation of the Lender to make the Term Loan to Borrower is subject to the condition precedent precedent, that the Lender shall have received on or before the day of closing such Loan, each of the following, following in form and substance satisfacto­ry satisfactory to the Lender and its counsel:

Appears in 1 contract

Samples: Term Loan Agreement (Basin Water, Inc.)

Condition Precedent to the Loan. The obligation of Lender to make the Term Loan to Borrower is subject to the condition precedent that Lender shall have received on or before the day date of closing the Loan each of the following, following in form and substance satisfacto­ry satisfactory to Lender and its counselLender:

Appears in 1 contract

Samples: Promissory Note Agreement (Integrated Environmental Technologies, Ltd.)

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Condition Precedent to the Loan. The obligation of Lender the Bank to make the Term Loan to the Borrower is subject to the condition precedent that Lender the Bank shall have received received, on or before the day of closing such Loan, each of the following, in a form and substance satisfacto­ry satisfactory to Lender the Bank and its counsel:

Appears in 1 contract

Samples: Loan Agreement (Chevy Chase Preferred Capital Corp)

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