Common use of Conditions of Initial Loan Clause in Contracts

Conditions of Initial Loan. The obligation of the Bank to make the initial Loan hereunder shall be subject to the satisfaction of the conditions precedent, in addition to the applicable conditions precedent set forth in Section 6.2 below, that the Bank shall have received all of the following, in form and substance satisfactory to the Bank, each duly executed and certified or dated the date hereof or such other date as is satisfactory to the Bank:

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Aura Systems Inc)

AutoNDA by SimpleDocs

Conditions of Initial Loan. The obligation of the Bank to make the initial Loan hereunder shall be subject to the satisfaction of the conditions precedent, in addition to the applicable conditions precedent set forth in Section 6.2 below, that the Bank shall have received all of the following, in form and substance satisfactory to the Bank, each duly executed and certified or dated the date hereof or such other date as is satisfactory to the Bank:

Appears in 1 contract

Samples: Credit Agreement (Access Integrated Technologies Inc)

Conditions of Initial Loan. The obligation of the Bank to make the initial Loan hereunder hereunder, and the Bank’s obligation to issue the initial Letter of Credit hereunder, shall be subject to the satisfaction of the conditions precedent, in addition to the applicable conditions precedent set forth in Section 6.2 below, that the Bank shall have received all of the following, in form and substance satisfactory to the Bank, each duly executed and certified or dated the date hereof or such other date as is satisfactory to the Bank:

Appears in 1 contract

Samples: Credit Agreement (MGC DIAGNOSTICS Corp)

Conditions of Initial Loan. The obligation of the Bank to make the initial Revolving Loan and any Terms Loans hereunder shall be subject to the satisfaction of the conditions precedent, in addition to the applicable conditions precedent set forth in Section 6.2 5.2 below, that the Bank shall have received all of the following, in form and substance satisfactory to the Bank, each duly executed and certified or dated the date hereof of the initial Revolving Loan and such initial Term Loan or such other date as is satisfactory to the Bank:

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Health Risk Management Inc /Mn/)

AutoNDA by SimpleDocs

Conditions of Initial Loan. The obligation of the Bank to make the initial Loan hereunder shall be subject to the satisfaction of the conditions precedent, in addition to the applicable conditions precedent set forth in Section 6.2 below, that the Bank shall have received all of the following, in form and substance satisfactory to the Bank, each duly executed and certified or dated the date hereof of the initial Loan or such other date as is satisfactory to the Bank:

Appears in 1 contract

Samples: Credit Agreement (Medgenesis Inc)

Conditions of Initial Loan. The obligation of the Bank to make the initial Loan hereunder shall be subject to the satisfaction of the conditions precedent, in addition to the applicable conditions precedent set forth in Section 6.2 5.2 below, that the Bank shall have received all of the following, in form and substance satisfactory to the Bank, each duly executed and certified or dated as of the date hereof of this Agreement or such other date as is satisfactory to the Bank:

Appears in 1 contract

Samples: Credit Agreement (Otter Tail Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.