Conditions of the Second Term Loan Sample Clauses

Conditions of the Second Term Loan. The closing of the funding of the Second Term Loan, if any, shall be subject to satisfactory completion of due diligence by Lender and any internal credit approval procedures of Lender, all in Lender's sole and absolute discretion. In addition, any closing of any Second Term Loan shall be subject to such conditions as the Lender shall reasonably require, including the conditions that (i) no Material Adverse Effect shall have occurred, (ii) no Default or Event of Default shall have occurred and be continuing, and (iii) the Lender shall have received on or before the closing of such Second Term Loan all of the following, in form and substance satisfactory to the Lender and in sufficient original counterparts for the Lender (except for the Second Note, for which only one original shall be required to be delivered), duly executed by all parties thereto:
Sample 1
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Conditions of the Second Term Loan. The closing of the funding of the Second Term Loan, if any, shall be subject to satisfactory completion of due diligence by Lender and any internal credit approval procedures of Lender, all in Lender’s sole and absolute discretion. In addition, the obligation of the Lender to extend the Second Term Loan is subject to the conditions that (i) no Material Adverse Effect shall have occurred or shall be reasonably likely to occur, as determined by Lender in its sole and absolute discretion, (ii) no Default or Event of Default shall have occurred and be continuing beyond any applicable cure period, and (iii) that the Lender shall have received on or before the closing of such Loan all of the following, in form and substance satisfactory to the Lender and in sufficient original counterparts for the Lender (except for the Second Note, for which only one original shall be required to be delivered), duly executed by all parties thereto:
Sample 1

Related to Conditions of the Second Term Loan

  • Conditions to Obligations of the Seller The obligations of the Seller to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or written waiver, at or prior to the Closing, of each of the following conditions:

  • Conditions to Obligations of the Sellers The obligations of the Sellers to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment, at or prior to the Closing, of each of the following conditions:

  • Conditions of the Obligation of the Company The obligation of the Company to deliver the Stock shall be subject to the conditions that (a) the Registration Statement shall have become effective and (b) no stop order suspending the effectiveness thereof shall be in effect and no proceedings therefor shall be pending or threatened by the Commission. In case either of the conditions specified in this Section 10 shall not be fulfilled, this Agreement may be terminated by the Company by giving notice to you. Any such termination shall be without liability of the Company to the Underwriters and without liability of the Underwriters to the Company; provided, however, that in the event of any such termination the Company agrees to indemnify and hold harmless the Underwriters from all costs or expenses incident to the performance of the obligations of the Company under this Agreement, including all costs and expenses referred to in paragraphs (i) and (j) of Section 6 hereof.

  • CONDITIONS OF THE OBLIGATIONS OF THE COMPANY The obligations of the Company to sell and deliver the portion of the Shares required to be delivered as and when specified in this Agreement are subject to the conditions that at the Closing Date or the Option Closing Date, as the case may be, no stop order suspending the effectiveness of the Registration Statement shall have been issued and in effect or proceedings therefor initiated or threatened.

  • Conditions to the Obligations of the Seller The obligation of the Seller to consummate the transactions contemplated by this Agreement is subject to the satisfaction on or prior to the Closing Date of each of the following conditions, unless waived in writing by the Seller:

  • Conditions to Obligations of the Company The Company’s obligation to sell and issue the Shares and the Warrants at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company:

  • Conditions to the Obligations of the Sellers Each and every obligation of the Sellers under this Agreement shall be subject to the satisfaction, on or before the Closing Date, of each of the following conditions unless waived in writing by the Sellers:

  • Conditions to Obligations of the Parties The obligations of the parties hereto to effect the transactions contemplated by this Agreement shall be subject to the satisfaction at the Closing (as defined below) of the following conditions:

  • Conditions Precedent to Obligations of the Seller The obligations of the Seller to consummate the transactions contemplated by this Agreement are subject to the fulfillment, prior to or on the Closing Date, of each of the following conditions (any or all of which may be waived by the Seller in whole or in part to the extent permitted by applicable law):

  • Conditions to Obligation of the Seller The obligation of the Seller to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

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