CONDITIONS FOR LOANS. Xxxxxx's obligation to make the initial Loan is subject to satisfaction of the following conditions: __________________________________ _______________________________________________________________________________
(a) X/ Lender shall have received the following security documents and the additional security documents described on Exhibit B, if any (the "Security Documents"), all accompanied by the appropriate financing statements: ________________________________________________ ______________________________________________________________________
(b) Lender shall have received copies: /X/ certified by the Secretary of Customer of the articles of incorporation and bylaws of Customer, and resolutions of the Board of Directors authorizing the issuance, execution and delivery of this Agreement and the Security Documents, if any; / / certified by a general partner of Customer of the partnership agreement of Customer, and an authorization signed by all of the general partners of Customer authorizing the issuance, execution and delivery of this Agreement and the Security Documents, if any; / / certified by a member or manager of Customer, as appropriate, of the articles of organization and operating agreement of Customer, and an authorization signed by a member or manager of Customer, as appropriate, authorizing the issuance, execution and delivery of this Agreement and the Security Documents, if any; and a certification of the names and addresses of the representatives of Customer authorized to sign this Agreement and the Security Documents, if any, and request Loans under this Agreement, together with true signatures of such representatives.
(c) Lender shall have received an affidavit of sole ownership executed by the sole proprietor.
(d) Lender shall have received from counsel for Customer a favorable opinion satisfactory to Lender covering the matters described in sections 5(c) and 5(d) or 5(e) as applicable, and 5(h) of this Agreement and such other matters as Lender may reasonably request.
(e) Lender shall have received a guaranty of payment of the Loans duly executed by ____________________________________________________ _____________________________________________________________________ ________________ on WBA form ________________________________________
(f) All proceedings taken by Customer in connection with the Loans, the Security Documents and other documents provided to Lender shall be satisfactory to Lender and Lender shall have received cop...
CONDITIONS FOR LOANS. The obligations of each Lender to make Loans hereunder are subject to the accuracy, as of the Funding Date and as of the date of making of each of the Loans after the Funding Date, of the representations and warranties contained in Article III and the other Loan Documents, to the performance by each Borrower of ----------- its obligations to be performed hereunder on or before the date of such Loan and to the satisfaction of the following further conditions:
CONDITIONS FOR LOANS. Bank’s obligation to make the initial Revolving Loan is subject to satisfaction of the following conditions:
(a) Bank shall have received copies, certified by the Secretary of Borrower, of the Articles of Incorporation and Bylaws of Borrower, resolutions of the Board of Directors of Borrower, authorizing the issuance, execution and delivery of this Agreement, the Promissory Note, and a certification of the names and titles of the representatives of Borrower authorized to sign this Agreement and the Promissory Note and to request Revolving Loans under this Agreement, together with true signatures of such representatives. Borrower shall also provide Bank with evidence that Borrower is current in regard to all annual report filing with the Secretary of State of the state of its incorporation and any other state in which it does business.
(b) Borrower shall not be in default under this Agreement or any other obligation to Bank or to any other creditor of Borrower.
(c) Borrower shall provide Bank with current financial statements, balance sheets, profit and loss statements of Borrower in a form and content satisfactory to Bank, and Borrower’s financial condition, as reflected on said financial statements, shall be satisfactory to Bank.
(d) Borrower shall provide Bank with such other documents as Bank or its counsel may reasonably require for the proper closing and documentation of this Agreement and the Revolving Loans contemplated hereunder.
CONDITIONS FOR LOANS. Lender's obligation to make Loans hereunder is subject to the satisfaction of the following conditions:
CONDITIONS FOR LOANS. The obligations of Lender to make Loans hereunder are subject to the accuracy, as of the Effective Date, of the representations and warranties contained in Article III, to the performance by the Borrower of its obligations to be performed
CONDITIONS FOR LOANS. 36 SECTION 4.01. Conditions Precedent to Initial Loan on or after the Closing Date.......... 36
CONDITIONS FOR LOANS. Lender's obligation to make the initial Loan is subject to satisfaction of the following conditions:
a. Lender shall have received the following security documents and the additional security documents described on Exhibit B, if any (the "Security Agreements"), duly executed.
b. Lender shall have received copies, certified by the Secretary of Customer, of the articles of incorporation and bylaws of Customer and each wholly owned subsidiary, and resolutions of the Board of Directors of Customer authorizing the issuance, execution and delivery of this Agreement and the Security Documents, if any, and a certification of the names and addresses of the representatives of Customer and each wholly owned subsidiary authorized to sign this Agreement and the Security Documents, if any and request Loans under this Agreement, together with true signatures of such representatives.
c. Lender shall have received from counsel for Customer a favorable opinion satisfactory to Lender covering the matters described in sections 5(c) and 5(d) as applicable, and 5(f) of this Agreement and such other matters as Lender may reasonably request.
d. Lender shall have received a guaranty of payment of the Loans duly executed by Micro Estimating Systems, Inc., TekSoft, Inc., Cimtronics, Inc., and CAM Solutions, Inc. on WBA form 151.
e. All proceedings taken by Customer in connection with the Loans, the Security Documents and other documents provided to Lender shall be satisfactory to Lender and Lender shall have received copies of all documents reasonably required by it.
CONDITIONS FOR LOANS. The obligations of each Lender to make Loans hereunder, and the obligation of the Administrative Agent to issue Letters of Credit are subject to the accuracy, as of the Funding Date and as of the date of making of each of the Loans or the date of the issuance of any Letter of Credit after the Funding Date, of the representations and warranties contained in Article III and the ----------- other Loan Documents, to the performance by each Borrower of its obligations to be performed hereunder on or before the date of such Loan or issuance of such Letter of Credit and to the satisfaction of the following further conditions:
CONDITIONS FOR LOANS. Without limiting any of the terms of this Agreement, Bank is not required to make any Revolving Loan to Borrower or issue any Letter of Credit hereunder unless all of the following conditions are satisfied:
