Conditions of Advance. The Lender agrees to advance the Loan up to USD$200,000 upon the execution of this Agreement by the Lender, solely on the condition that the Loan is used by the Borrower towards working capital and investment opportunities.
Conditions of Advance. The obligations of the Lender to make available the Advance to the Borrower are subject to compliance, with each of the following conditions precedent, which conditions precedent are for the sole and exclusive benefit of the Lender and may be waived in writing by the Lender in its sole discretion:
Conditions of Advance. 14 5. REPAYMENT...........................................................16
Conditions of Advance. 6.1 The obligations of 236 to make available the advance to TTE are subject to compliance, with each of the following conditions precedent, which conditions precedent are for the sole and exclusive benefit of 236 and may be waived in writing by 236 in its sole discretion.
Conditions of Advance. The Lender agrees to advance the Loan, in such installments as requested by the Borrower, in writing, promptly upon receiving such written request following the execution of this Agreement by the Lender, solely on the condition that the Loan is used by the Borrower towards working capital needs and its operations in Colombia.
Conditions of Advance. 4.1 Initial conditions precedent The Borrower may not deliver the Drawdown Notice unless the Agent has received all of the documents listed in Schedule 2 (Conditions Precedent) in form and substance satisfactory to the Agent. The Agent shall notify the Borrower and the Lenders promptly upon such receipt.
Conditions of Advance. The obligation of the Lender to advance the Principal Amount to the Borrower pursuant to Article 2 - of this Agreement (the "Advance") is subject to fulfilment of the following conditions precedent (in each case in form and substance satisfactory to the Administrative Agent, acting reasonably): no Default or Event of Default has occurred or is continuing or would arise immediately after giving effect to or as a result of the Advance; the Advance shall not violate any Applicable Law; no order, judgment or decree of any court, arbitrator or Governmental Entity shall purport to enjoin or restrain the Lender from making the Advance; there is not pending or threatened, any action, charge, claim, demand, suit, proceeding, petition, governmental investigation or arbitration by, against or affecting any Credit Party or any property of any Credit Party that has not been disclosed to the Administrative Agent by the Borrower in writing and, since August 1, 2020 there shall have been no development in any action, charge, claim, demand, suit, proceeding, petition, governmental investigation or arbitration that, in the opinion of the Administrative Agent, could reasonably be expected to have a Material Adverse Effect; delivery of a certificate from a senior officer of each Credit Party that the representations and warranties of the Credit Parties contained in Article 7 -and of the Credit Parties contained in any other Credit Document are true and correct on Closing Date and on the date of the Advance as if such representations and warranties were made on each such date; there has not occurred any change of circumstance or event since the date hereof, nor has the Administrative Agent become aware of any facts not previously disclosed or known, which the Administrative Agent determines could have a Material Adverse Effect; delivery of a certificate from a senior officer of each Credit Party: (i) attaching true copies of (A) the constating documents and by-laws including all amendments thereto, if any, (B) all resolutions of the board of directors or shareholders, as the case may be, approving the borrowing and other matters contemplated by this Agreement and the other Credit Documents to which it is a party, and (C) a list of the officers and directors authorized to sign agreements together with their specimen signatures; and (ii) certifying that (A) all necessary permits and licenses, including the Health Canada Licence, relating to the operation of, and production at, t...
Conditions of Advance. The following shall be provided to the Bank each time the Borrower wishes an advance to be made under the Construction Loan:
Conditions of Advance. Upon receipt of the Borrower’s duly completed Notice of Drawdown for the Advance, the Lender, at its absolute discretion, will confirm whether it will make such Advance. If the Lender agrees to make the Advance, its obligations are subject to the following conditions being satisfied on the proposed Advance Date of such Advance:
Conditions of Advance. The obligation of the Lenders to make the initial Advance pursuant to this Agreement is subject to the conditions precedent that the Agent shall have received on the Closing Date, in form and substance satisfactory to the Agent and the Lenders, the following:
