Conditions Precedent to all Term Loans. The obligation of each Lender to extend each Term Loan, including the initial Term Loan, is subject to the following conditions precedent:
Conditions Precedent to all Term Loans. No Lender shall be obligated to make any Term Loan, including the Initial Term Loan, unless the following additional conditions have been satisfied:
Conditions Precedent to all Term Loans. The obligation of any Lender to make any Term Loan after the Effective Date is subject to the fulfillment of each of the following conditions precedent:
Conditions Precedent to all Term Loans. The obligation of Lender to make each Term Loan, including the initial Term Loan, is contingent upon Borrower’s compliance with Section 3.1 above, and is further subject to the following conditions:
Conditions Precedent to all Term Loans. The obligation of Lenders to make Term Loans is subject to the further satisfaction of, or waiver of, immediately prior to or concurrently with the making of each such Term Loan of each of the following conditions precedent:
Conditions Precedent to all Term Loans. No Lender shall be obligated to make its Pro Rata Share of any Term Loan, including the Initial Term Loan, unless the following additional conditions have been satisfied:
Conditions Precedent to all Term Loans. QLT’s obligations to make each Term Loan (other than any Term Loan deemed made upon the accrual of PIK Interest) is subject to the following conditions precedent:
Conditions Precedent to all Term Loans. The obligation of the Lender Parties to provide any Term Loan is subject to the further conditions precedent that on the date of such Term Loan:
Conditions Precedent to all Term Loans. The obligation of Lender to make its Initial Term Loans and each subsequent Term Loan is subject to the following further conditions precedent that: (i) no Default or Event of Default has occurred and is continuing or will result from the making of any such Term Loan, and the representations and warranties of Borrower contained in this Agreement and the other Loan Documents are true and correct in all material respects as of the Funding Date, except to the extent such representations and warranties are made as of a specified date in which case such representations and warranties shall be true and correct in all material respects as of such specified date; (ii) no event has occurred that has had or could reasonably be expected to result in a Material Adverse Change; (iii) Borrower shall have delivered to Lender an Loan Request Form for such Term Loan; (iv) Borrower shall have delivered an original executed Promissory Note evidencing such Term Loan, substantially in the form attached hereto as Exhibit I; (v) Borrower shall have executed and delivered such amendments or supplements to this Agreement and additional Loan Documents, financing statements and third party waivers as Lender may reasonably request in connection with the proposed Term Loan, in order to create, protect or perfect or to maintain the perfection of Lender’s Liens on the Collateral; and (vi) Borrower shall have delivered to Lender Borrower’s business plan and/or financial projections or forecasts as most recently approved by Borrower’s Board of Directors.
Conditions Precedent to all Term Loans. Lender’s obligation to make any credit available under the Loan Documents is subject to the following conditions precedent:
