Condition to Loans. The obligation of Lender to make advances under this Agreement is subject to the satisfaction of each of the following conditions: (a) No default under this Agreement, and no event which would constitute a default but for the giving of notice or the passage of time thereafter, shall have occurred and be continuing on the date of such advance; (b) The representations and warranties of Borrower set forth in this Agreement shall be true as of the date of such advance; (c) Lender shall have received any document or information previously requested from Borrower pursuant to this Agreement; and (d) No material adverse change has occurred, in Lender's sole determination, in the businesses of Lender's restaurants or in the financial condition of Borrower.
Appears in 4 contracts
Samples: Line of Credit Agreement (Showbiz Pizza Time Inc), Line of Credit Agreement (Showbiz Pizza Time Inc), Line of Credit Agreement (Cec Entertainment Inc)
Condition to Loans. The obligation of Lender to make advances under this Agreement is subject to the satisfaction of each of the following conditions:
(a) No default under this Agreement, and no event which would constitute a default but for the giving of notice or the passage of time thereafter, shall have occurred and be continuing on the date of such advance;
(b) The representations and warranties of Borrower set forth in this Agreement shall be true as of the date of such advance;
(c) Lender shall have received any document or information previously requested from Borrower pursuant to this Agreement; and
(d) No material adverse change has occurred, in Lender's sole determination, in the businesses of Lender's restaurants or in the financial condition of Borrower.
Appears in 3 contracts
Samples: Line of Credit Agreement (Cec Entertainment Inc), Line of Credit Agreement (Showbiz Pizza Time Inc), National Advertising Fund Line of Credit (Showbiz Pizza Time Inc)
