Common use of Conditions Precedent to Future Advances Clause in Contracts

Conditions Precedent to Future Advances. The obligation of Lender under this Agreement to make any advances under the Revolving Note after the date of this Agreement, in accordance with the terms and provisions of Section 3 of this Agreement, are subject to the full and complete satisfaction of each of the following conditions precedent as of the date of such advance or payment:

Appears in 2 contracts

Samples: Loan Agreement (Powell Industries Inc), Loan Agreement (Peregrine Systems Inc)

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Conditions Precedent to Future Advances. The obligation obligations of the Lender under this Agreement to make any advances under the Revolving Note after the date of this AgreementAgreement under Section 2.1, in accordance with the terms and provisions of Section 3 2 of this Agreement, are subject to the full and complete satisfaction of each of the following conditions precedent as of the date of such advance or payment:

Appears in 1 contract

Samples: Loan Agreement (Megaworld Inc)

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Conditions Precedent to Future Advances. The obligation of Lender under this Agreement to make any advances under the Revolving Note after the date of this Agreement, in accordance with the terms and provisions of Section 3 of this Agreement, are subject to the full and complete satisfaction of each of the following conditions precedent as of the date of such advance or payment:

Appears in 1 contract

Samples: Loan Agreement (Hartman Commercial Properties Reit)

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