Common use of Conditions of Loans Clause in Contracts

Conditions of Loans. The obligation of Lender to make the Loans described herein is subject to the following conditions: (a) no Default (as defined below) has occurred and is continuing; (b) the proceeds of the proposed Loan are, at the date of the relevant request, to be used by Borrower for working capital purposes, as reasonably determined by Borrower; and (c) Lender has received the notice of borrowing.

Conditions of Loans. The obligation of Lender to make the Loans loans described herein is subject to the following conditions: (a) no A Default (as defined below) has not occurred and is continuing; (b) the proceeds of the proposed Loan loan disbursement are, at the date of the relevant request, to be used needed by the Borrower for working capital purposes, as reasonably determined by Borrower; and (c) Lender has received the notice of borrowing.

Conditions of Loans. The obligation of Lender to make the Loans loans described herein is subject to the following conditions: (a) no a Default (as defined belowhereinafter defined) has not occurred and is continuing; (b) the proceeds of the proposed Loan loan disbursement are, at the date of the relevant request, to be used by the Borrower for working capital purposes, such purpose(s) as are reasonably determined by Borrower; and (c) Lender has received the notice of borrowing.

Conditions of Loans. The obligation of Lender to make the Loans loans described herein is subject to the following conditions: (a) no Default (as defined below) has not occurred and is continuing; (b) the proceeds of the proposed Loan loan disbursement are, at the date of the relevant request, to be used needed by the Borrower for working capital purposes, as reasonably determined by Borrower; and (c) Lender has received the notice of borrowing.