Conditions Precedent to Disbursement of All Loans. The obligation of Bank to make any Loan under this Agreement, including the initial Loan hereunder, shall be further subject to the satisfaction of each of the following conditions precedent on or before any disbursement under such Loan:
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Avanex Corp), Revolving Credit and Security Agreement (Avanex Corp)
Conditions Precedent to Disbursement of All Loans. The obligation of Bank to make any Loan Advance under this Agreement, including the initial Loan Advance hereunder, shall be further subject to the satisfaction of each of the following conditions precedent on or before any disbursement under such LoanAdvance:
Appears in 2 contracts
Samples: Revolving Credit and Security Agreement (Avanex Corp), Revolving Credit and Term Loan & Security Agreement (Motorvac Technologies Inc)
