Common use of Condition Subsequent Clause in Contracts

Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers shall perform or cause to be performed the following (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default): (a) within 30 days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the form and substance of which shall be satisfactory to Foothill and its counsel.

Appears in 2 contracts

Samples: Loan and Security Agreement (Allied Healthcare Products Inc), Loan and Security Agreement (Morrow Snowboards Inc)

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Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default): (a) within 30 days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the form and substance of which shall be satisfactory to Foothill and its counsel.

Appears in 2 contracts

Samples: Loan and Security Agreement (Dep Corp), Loan and Security Agreement (Bpi Packaging Technologies Inc)

Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default): (aA) within 30 thirty (30) days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the form and substance of which shall be satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Cortelco Systems Inc)

Condition Subsequent. (a) As a condition subsequent to initial closing hereunder, Borrowers shall perform or cause to be performed the following (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default): (ai) within 30 days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the form and substance of which shall be satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (International Remote Imaging Systems Inc /De/)

Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of DefaultDefault hereunder): (a) within 30 days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.106.8, the form and substance of which shall ----------- be satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Sizzler International Inc)

Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers shall perform or cause to be performed the following (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default): (a) within 30 days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the 6.10,the form and substance of which shall be -------------- satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Allied Healthcare Products Inc)

Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default): (a) within 30 days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section SECTION 6.10, the form and substance of which shall be satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Incomnet Inc)

Condition Subsequent. As a condition subsequent to initial the closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default): (a) within 30 days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section SECTION 6.10, the form and substance of which shall be satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (National Media Corp)

Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default): (a) within 30 days of the Closing Date, deliver to Foothill Group Agent the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the form and substance of which shall be satisfactory to Foothill Group Agent and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Stormedia Inc)

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Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default): (a) within 30 days of the Closing Effective Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the form and substance of which shall be satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Majestic Star Casino LLC)

Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default): (a) within 30 days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the form and substance of ------------ which shall be satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Concurrent Computer Corp/De)

Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default): (a) within 30 days of the Closing Dateon or before December 30, 1997, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the form and substance of which shall ------------ be satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Sports Inc)

Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default): (a) within 30 thirty (30) days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the form and substance of ------------ which shall be satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Assumption Agreement (Cortelco Systems Inc)

Condition Subsequent. As a condition subsequent to initial closing hereunder, Borrowers Borrower shall perform or cause to be performed the following (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):) within: (a) within 30 days of the Closing Date, deliver to Foothill the certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.10, the form and substance of which shall be satisfactory to Foothill and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Starcraft Corp /In/)

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