Common use of Conditions on the Closing Date Clause in Contracts

Conditions on the Closing Date. The obligation of the Lenders to make the Loan pursuant to Section 2.1 shall be subject to the satisfaction, on or before the Closing Date, of the conditions set forth in this Section. If the conditions set forth in this Section are not met on or prior to the Closing Date, the Lenders shall have no obligation to make the Loan. (a) The Company shall have duly executed and delivered to the Lenders the Notes representing the Loan.