Common use of Conditions Precedent to Additional Advances Clause in Contracts

Conditions Precedent to Additional Advances. The Bank shall have no obligation to make any additional Advance subsequent to the date hereof unless each of the following conditions precedent has been either satisfied or waived prior to or concurrently with the making of such Advance.

Appears in 2 contracts

Samples: Loan and Security Agreement (Medallion Financial Corp), Loan and Security Agreement (Medallion Financial Corp)

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Conditions Precedent to Additional Advances. The Bank shall have no obligation to make any additional Advance subsequent to the date hereof unless each of the following conditions precedent has been either satisfied or waived prior to or concurrently with the making of such Advance.:

Appears in 1 contract

Samples: Loan Agreement (Correctional Services Corp)

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Conditions Precedent to Additional Advances. The Bank shall have no obligation to make any additional Advance subsequent to the date hereof initial Advance unless each of the following conditions precedent has been either satisfied or waived prior to or concurrently with the making of such Advance.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Baltek Corp)

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