Conditions for All Advances. The obligation of Lender to make any Advance hereunder is subject to the Borrower's performance of its obligations hereunder on or before the date of such Advance, and to the satisfaction of the following further conditions on or before the Borrowing Date for any Advance, including the first Advance: (a) FILINGS, REGISTRATIONS AND RECORDINGS. Any financing statements or other recordings required hereunder shall have been properly filed, registered or recorded in each office in each jurisdiction required in order to create in favor of the Lender a perfected first-priority Lien on the Collateral, subject to no other Lien (other than Permitted Encumbrances); the Lender shall have received acknowledgment copies of all such filings, registrations and recordations stamped by the appropriate filing officer; and Lender shall have received results of searches of such filing offices, and satisfactory evidence that any other Liens (other than Permitted Encumbrances) on the Collateral have been duly released, that all necessary filing fees, recording fees, taxes and other expenses related to such filings, registrations and recordings have been paid in full.
Appears in 2 contracts
Samples: Equipment Loan and Security Agreement (Econophone Inc), Equipment Loan and Security Agreement (Econophone Inc)
Conditions for All Advances. The obligation of Lender to make any Advance hereunder is subject to the Borrower's performance of its obligations hereunder on or before the date of such Advance, and to the satisfaction of the following further conditions on or before the Borrowing Date for any Advance, including the first Advance:
(a) FILINGSFilings, REGISTRATIONS AND RECORDINGSRegistrations and Recordings. Any financing statements or other recordings required hereunder shall have been properly filed, registered or recorded in each office in each jurisdiction required in order to create in favor of the Lender a perfected first-first- priority Lien on the Collateral, subject to no other Lien (other than Permitted Encumbrances)Lien; the Lender shall have received acknowledgment copies of all such filings, registrations and recordations stamped by the appropriate filing officer; and Lender shall have received results of searches of such filing offices, and satisfactory evidence that any other Liens (other than Permitted Encumbrances) on the Collateral have been duly released, that all necessary filing fees, recording fees, taxes and other expenses related to such filings, registrations and recordings have been paid in full.
Appears in 1 contract
Samples: Equipment Loan and Security Agreement (GST Telecommunications Inc)
Conditions for All Advances. The obligation of Lender to make any Advance hereunder is subject to the Borrower's performance of its obligations hereunder on or before the date Borrowing Date of such Advance, and to the satisfaction of the following further conditions on or before the Borrowing Date for any Advance, including the first Advance:
(a) FILINGSFilings, REGISTRATIONS AND RECORDINGSRegistrations and Recordings. Any financing statements or other recordings required hereunder shall have been properly filed, registered or recorded in each office in each jurisdiction required in order to create in favor of the Lender a perfected first-priority Lien on the Collateral, subject to no other Lien (other than except Permitted Encumbrances); the Lender shall have received acknowledgment copies of all such filings, registrations and recordations stamped by the appropriate filing officer; and Lender shall have received results of searches of such filing offices, and satisfactory evidence that any other Liens (other than Permitted Encumbrances) on the Collateral have been duly released, that all necessary filing fees, recording fees, taxes and other expenses related to such filings, registrations and recordings have been paid in full.
Appears in 1 contract
Samples: Loan and Security Agreement (Startec Global Communications Corp)
Conditions for All Advances. The obligation of Lender to make any --------------------------- Advance hereunder is subject to the Borrower's performance of its obligations hereunder on or before the date of such Advance, Advance and to the satisfaction of the following further conditions on or before the Borrowing Date for any Advance, including the first Advance:
(a) FILINGSFilings, REGISTRATIONS AND RECORDINGSRegistrations and Recordings. Any financing ---------------------------------------- statements or other recordings required hereunder shall have been properly filed, registered or recorded in each office in each jurisdiction required in order to create in favor of the Lender a perfected first-priority Lien on the Collateral, subject to no other Lien (other than Permitted Encumbrances); the Lender shall have received acknowledgment copies of all such filings, registrations and recordations recordings stamped by the appropriate filing officer; and Lender shall have received results of searches of such filing offices, offices and satisfactory evidence that any other Liens (other than Permitted Encumbrances) on the Collateral have been duly released, released and that all necessary filing fees, recording fees, taxes and other expenses related to such filings, registrations and recordings have been paid in full.
Appears in 1 contract
Samples: Loan and Security Agreement (Telscape International Inc)
Conditions for All Advances. The obligation of Lender to make any Advance hereunder is subject to the Borrower's performance of its obligations hereunder on or before the date of such Advance, and to the satisfaction of the following further conditions on or before the Borrowing Date for any Advance, including the first Advance:
(a) FILINGSFilings, REGISTRATIONS AND RECORDINGSRegistrations and Recordings. Any financing statements or other recordings required hereunder shall have been properly filedprepared for filing, registered registration or recorded recordation in each office in each jurisdiction required in order to create in favor of the Lender a perfected first-priority Lien on the Collateral, subject to no other Lien (other than Permitted Encumbrances)Lien; the when filed Lender shall have received receive acknowledgment copies of all such filings, registrations and recordations stamped by the appropriate filing officer; and Lender shall have received receive results of searches of such filing offices, and satisfactory evidence that any other Liens (other than Permitted Encumbrances) on the Collateral have been duly released, that all necessary filing fees, recording fees, taxes and other expenses related to such filings, registrations and recordings have been paid in full.
Appears in 1 contract
Samples: Loan and Security Agreement (Focal Communications Corp)
Conditions for All Advances. The Except as provided in Schedule 6.02, the obligation of Lender to make any Advance hereunder is subject to the Borrower's performance of its obligations hereunder on or before the date of such Advance, and to the satisfaction of the following further conditions on or before the Borrowing Date for any Advance, including the first Advance:
(a) FILINGSFilings, REGISTRATIONS AND RECORDINGSRegistrations and Recordings. Any financing statements or other recordings required hereunder shall have been properly filed, registered or recorded in each office in each jurisdiction required in order to create in favor of the Lender a perfected first-priority Lien on the Collateral, subject to no other Lien (other than Permitted Encumbrances); the Lender shall have received acknowledgment copies of all such filings, registrations and recordations stamped by the appropriate filing officer; and Lender shall have received results of searches of such filing offices, and satisfactory evidence that any other Liens (other than Permitted Encumbrances) on the Collateral have been duly released, that all necessary filing fees, recording fees, taxes and other expenses related to such filings, registrations and recordings have been paid in full.
Appears in 1 contract
Samples: Equipment Loan and Security Agreement (Econophone Inc)