Condition to Advances. It shall be a condition to each advance under the Note that no Event of Default (as defined in the Note) shall have occurred and be continuing. At the time of each request for an advance, the Company shall provide to the Noteholders a certificate, executed by the Chief Executive Officer or Chief Financial Officer of the Company, stating that no Event of Default has occurred and is continuing.
Appears in 2 contracts
Samples: Note Issuance Agreement (Advanced Biotherapy Inc), Note Issuance Agreement (Lime Energy Co.)
Condition to Advances. It shall be a condition to each advance under the Note Notes that no Event of Default (as defined in the NoteNotes) shall have occurred and be continuing. At the time of each request for an advance, the Company shall provide to the Noteholders a certificate, executed by the Chief Executive Officer or Chief Financial Officer of the Company, stating that no Event of Default has occurred and is continuing.
Appears in 2 contracts
Samples: Note Issuance Agreement (Advanced Biotherapy Inc), Note Issuance Agreement (Lime Energy Co.)
Condition to Advances. It shall be a condition to each advance under the 2009 Note that no Event of Default (as defined in the 2009 Note) shall have occurred and be continuing. At the time of each request for an advance, the Company shall provide to the Noteholders Lender a certificate, executed by the Chief Executive Officer or Chief Financial Officer of the Company, stating that no Event of Default has occurred and is continuing.
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