Common use of Conditions for Advances Clause in Contracts

Conditions for Advances. The making of Advances under the Revolving Credit in any form following the Amendment Date is subject to the following conditions precedent (all instruments, documents and agreements to be in form and substance satisfactory to Administrative Agent) following the Amendment Date: (a) This Agreement and each of the other Loan Documents shall be effective; (b) No event or condition shall have occurred or become known to Borrower, or would result from the making of any requested Advance, which could reasonably be expected to have a Material Adverse Effect; (c) No Default or Event of Default then exists or after giving effect to the making of the Advance would exist; (d) Each Advance is within and complies with the terms and conditions of this Agreement including, without limitation, the notice provisions contained in Section 2.3; (e) No Lien (other than a Permitted Lien) has been imposed on Borrower or any of its Subsidiaries; and (f) Each representation and warranty set forth in Section 4 and any other Loan Document in effect at such time (as amended or modified from time to time) is then true and correct in all material respects as if made on and as of such date except to the extent such representations and warranties are made only as of a specific earlier date.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Rti Surgical, Inc.)

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Conditions for Advances. The making of Advances under the Revolving Credit in any form following the Amendment Closing Date is subject to the following conditions precedent (all instruments, documents and agreements to be in form and substance satisfactory to Administrative Agent) following the Amendment Closing Date: (a) This Agreement and each of the other Loan Documents shall be effective; (b) No event or condition shall have occurred or become known to Borrower, or would result from the making of any requested Advance, which could reasonably be expected to have a Post-Closing Material Adverse Effect; (c) No Default or Event of Default then exists or after giving effect to the making of the Advance would exist; (d) Each Advance is within and complies with the terms and conditions of this Agreement including, without limitation, the notice provisions contained in Section 2.3; (e) No Lien (other than a Permitted Lien) has been imposed on Borrower or any of its Subsidiaries; and (f) Each representation and warranty set forth in Section 4 and any other Loan Document in effect at such time (as amended or modified from time to time) is then true and correct in all material respects as if made on and as of such date except to the extent such representations and warranties are made only as of a specific earlier date.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (RTI Biologics, Inc.)

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