Conditions of Advances. Upon reasonable advance request from Borrower, Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied: 2.1 Borrower shall have executed and delivered the Note to Lender, as applicable; 2.2 The aggregate amount of outstanding advances following such advance shall not exceed $500,000; 2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects; 2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents; 2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and 2.6 Borrower shall have completed the Public Offering.
Appears in 2 contracts
Samples: Revolving Line of Credit Agreement (Inter-Atlantic Financial, Inc.), Revolving Line of Credit Agreement (Inter-Atlantic Financial, Inc.)
Conditions of Advances. Upon reasonable advance request from Borrower, Lender Lenders shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 Borrower shall have executed and delivered the Note to LenderLenders, as applicable;
2.2 The aggregate amount of outstanding advances following such advance shall not exceed $500,000750,000;
2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Borrower shall have completed Prior to the Public Offeringeffectiveness of the Registration Statement, Lenders consent to the advance.
Appears in 2 contracts
Samples: Subordinated Revolving Line of Credit Agreement (Echo Healthcare Acquisition Corp.), Subordinated Revolving Line of Credit Agreement (Echo Healthcare Acquisition Corp.)
Conditions of Advances. Upon reasonable advance request from Borrower, Lender Lenders shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 Borrower shall have executed and delivered the Note to LenderLenders, as applicable;
2.2 The aggregate amount of outstanding advances following such advance shall not exceed $500,000;
2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Borrower shall have completed the Public Offering.
Appears in 2 contracts
Samples: Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP), Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP)
Conditions of Advances. Upon reasonable advance request from Borrower, Lender Lenders shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 Borrower shall have executed and delivered the Note to LenderLenders, as applicable;
2.2 The aggregate amount of outstanding advances following such advance shall not exceed $500,000750,000;
2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Borrower shall have completed the Public Offering.
Appears in 2 contracts
Samples: Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP), Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP)
Conditions of Advances. Upon reasonable advance request from Borrower, Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 2.1. Borrower shall have executed and delivered the Note to Lender, as applicable;
2.2 2.2. The aggregate amount of outstanding advances following such advance shall not exceed Three Hundred Fifty Thousand Dollars ($500,000350,000);
2.3 2.3. The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 2.4. Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 2.5. The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Borrower shall have completed 2.6. Prior to the Public Offeringeffectiveness of the Registration Statement, Lender consents to the advance.
Appears in 1 contract
Samples: Revolving Line of Credit Agreement (Redstar Partners, Inc.)
Conditions of Advances. Upon reasonable advance request from Borrower, Lender Lenders shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 Borrower shall have executed and delivered the Note to LenderLenders, as applicable;
2.2 The aggregate amount of outstanding advances following such advance shall not exceed $500,000250,000;
2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Borrower shall have completed the Public Offering.
Appears in 1 contract
Samples: Subordinated Revolving Line of Credit Agreement (Beverage Acquisition CORP)
Conditions of Advances. Upon reasonable advance request from Borrower, Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 2.1. Borrower shall have executed and delivered the Note to Lender, as applicable;
2.2 2.2. The aggregate amount of outstanding advances following such advance shall not exceed Seven Hundred Thousand Dollars ($500,000700,000);
2.3 2.3. The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 2.4. Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 2.5. The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Borrower shall have completed 2.6. Prior to the Public Offeringeffectiveness of the Registration Statement, Lender consents to the advance.
Appears in 1 contract
Conditions of Advances. Upon reasonable advance request from Borrower, Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 2.1. Borrower shall have executed and delivered the Note to Lender, as applicable;
2.2 2.2. The aggregate amount of outstanding advances following such advance shall not exceed One Million Dollars ($500,0001,000,000);
2.3 2.3. The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 2.4. Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 2.5. The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Borrower shall have completed 2.6. Prior to the Public Offeringeffectiveness of the Registration Statement, Lender consents to the advance.
Appears in 1 contract
Conditions of Advances. Upon reasonable advance request from Borrower, Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 2.1. Borrower shall have executed and delivered the Note to Lender, as applicable;
2.2 2.2. The aggregate amount of outstanding advances following such advance shall not exceed One Million Five Hundred Thousand Dollars ($500,0001,500,000);
2.3 2.3. The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 2.4. Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 2.5. The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Borrower shall have completed 2.6. Prior to the Public Offeringeffectiveness of the Registration Statement, Lender consents to the advance.
Appears in 1 contract
Conditions of Advances. Upon reasonable advance request from Borrower, Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 Borrower shall have executed and delivered the Note to Lender, as applicable;
2.2 The aggregate amount of outstanding advances following such advance shall not exceed $500,000250,000;
2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Borrower shall have completed the Public Offering.
Appears in 1 contract
Samples: Subordinated Revolving Line of Credit Agreement (FMG Acquisition Corp)
