Conditions for each Loan Advance Sample Clauses

Conditions for each Loan Advance. As a condition precedent to each Loan Advance (including the initial Loan Advance), in addition to satisfaction of all conditions for disbursements set forth in Section 2.1.3(a) and Section 2.1.3(c), Borrower shall furnish or cause to be furnished to Lender at least ten (10) Business Days prior to the requested date of disbursement a completed Request for Advance in form satisfactory to Lender and executed by Borrower. The initial Loan Advance shall be $100,000, which shall be eligible for draw by Borrower upon execution of the Loan and Security Agreement. After the initial Loan Advance, Borrower shall not be entitled to any subsequent Loan Advance until after filing with the Securities Exchange Commission (“SEC”) the Proxy Statement, in form and substance reasonably satisfactory to Lender, pursuant to Section 5.4 of the Agreement and Plan of Merger by and among TAT Holdco LLC, TAT Merger Sub LLC, and TransAtlantic Petroleum Ltd. (the “Merger Agreement”). After the initial Loan Advance, Borrower shall not be entitled to any subsequent Loan Advance if Borrower without Lender’s prior written consent, withdraws or ceases to diligently pursue (a) approval of the Proxy Statement by the SEC. After the approval of the Proxy Statement by the SEC, Borrower shall not be entitled to any subsequent Loan Advance until Borrower calls and give notice of the Company Shareholders Meeting pursuant to Section 5.5 of the Merger Agreement. After the approval of the Proxy Statement by the SEC, Borrower shall not be entitled to any subsequent Loan Advance if Borrower without Lender’s prior written consent, withdraws or ceases to diligently secure the Requisite Company Vote pursuant to Section 5.5 of the Merger Agreement.
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Related to Conditions for each Loan Advance

  • Conditions to Each Loan The agreement of each Lender to make any Loan requested to be made by it on any date (including, without limitation, its initial Loan) is subject to the satisfaction of the following conditions precedent:

  • Conditions Precedent to Each Loan The obligation of the Lenders to make each Loan, including the initial Revolving Loans on the Closing Date, and the obligation of the Agent to cause the Letter of Credit Issuer to issue any Letter of Credit shall be subject to the further conditions precedent that on and as of the date of any such extension of credit:

  • CONDITIONS PRECEDENT TO EACH ADVANCE Lender’s obligation to make the initial Advance and each subsequent Advance under this Agreement shall be subject to the fulfillment to Lender’s satisfaction of all of the conditions set forth in this Agreement and in the Related Documents.

  • Conditions to Each Advance The agreement of Lenders to make any Advance requested to be made on any date (including the initial Advance), is subject to the satisfaction of the following conditions precedent as of the date such Advance is made:

  • Conditions Precedent to Each Loan and Each Letter of Credit The obligation of the Lenders to make each Loan and of the Issuing Lenders to issue each Letter of Credit, including the initial Loans and the initial Letters of Credit, is subject to the satisfaction (or waiver in accordance with Section 10.08) of the following conditions precedent:

  • Conditions Precedent to Each Loan and Letter of Credit The obligation of each Lender on any date (including the Closing Date) to make any Loan and of each Issuer on any date (including the Closing Date) to Issue any Letter of Credit is subject to the satisfaction of each of the following conditions precedent:

  • Conditions Precedent to Each Borrowing The obligation of each Lender to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing the following statements shall be true (and each of the giving of the applicable Borrowing Notice and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Borrowing such statements are true):

  • Conditions Precedent to Borrowing The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, prior to the date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of Advances requested.

  • Conditions to Each Borrowing The obligation of each Lender to make a Loan as part of any Borrowing (including the first Borrowing) is also subject to satisfaction of the following further conditions precedent on the applicable Borrowing Date:

  • Conditions Precedent to Borrowings 5.1 Conditions Precedent to the Initial Borrowing of TBC 37 5.2 Conditions Precedent to Each Committed Borrowing of TBC 38 5.3 Conditions Precedent to Each Bid Borrowing of TBC 38 5.4 Conditions Precedent to the Initial Borrowing of a Subsidiary Borrower 39 5.5 Conditions Precedent to Each Committed Borrowing of a Subsidiary Borrower 39 5.6 Conditions Precedent to Each Bid Borrowing of a Subsidiary Borrower 40

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