Common use of Conditions Precedent to Initial Advance Clause in Contracts

Conditions Precedent to Initial Advance. Bank's obligation to make the initial Advance is subject to the condition precedent that it receive the agreements, documents and fees it requires.

Appears in 7 contracts

Samples: Export Import Bank Loan and Security Agreement (Socket Mobile, Inc.), Loan Agreement (Continuus Software Corp /Ca), Loan and Security Agreement (Sonus Pharmaceuticals Inc)

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Conditions Precedent to Initial Advance. Bank's The obligation of Bank to make the initial Advance is subject to the condition precedent that it receive Bank shall have received, in form and substance satisfactory to Bank, the agreements, documents and fees it requires.following:

Appears in 2 contracts

Samples: Loan and Security Agreement (Concord Communications Inc), Loan and Security Agreement (Ag Associates Inc)

Conditions Precedent to Initial Advance. Bank's obligation to make the initial Advance is subject to the condition precedent that it receive the agreements, documents and fees it requiresrequires and verification by Bank of Borrower's compliance of the financial covenants as stated in Section 6.7.

Appears in 1 contract

Samples: Loan and Security Agreement (Orthopaedic Biosystems LTD Inc/)

Conditions Precedent to Initial Advance. Bank's obligation to make the --------------------------------------- initial Advance is subject to the condition precedent that it receive the agreements, documents and fees it requiresrequires and the receipt of the results of a satisfactory audit of the Borrower's Books and Records and the Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Bio Imaging Technologies Inc)

Conditions Precedent to Initial Advance. Bank's ’s obligation to make the initial Advance is subject to the condition precedent that it receive the agreements, documents and fees it requiresrequired by this Agreement and other agreements entered into in connection with this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Palm Inc)

Conditions Precedent to Initial Advance. Bank's ’s obligation to make the initial Advance is subject to the condition precedent that it receive the agreements, documents documents, including the Opinion of Borrower’s counsel, and fees it requires.

Appears in 1 contract

Samples: Loan and Security Agreement (Legato Systems Inc)

Conditions Precedent to Initial Advance. Bank's obligation to make the initial Advance is subject to the condition precedent that it receive the agreements, agreements and documents it requires and the fees it requiresset forth in Section 2.4 above.

Appears in 1 contract

Samples: Loan and Security Agreement (Healthcare Com Corp)

Conditions Precedent to Initial Advance. Bank's obligation to make the initial Advance is subject to the condition precedent that it receive the agreements, documents and fees it requires, and all outstanding Obligations under the Original Agreement are paid in their entirety.

Appears in 1 contract

Samples: Loan and Security Agreement (Datawatch Corp)

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Conditions Precedent to Initial Advance. Bank's obligation to make the initial Advance is subject to the condition precedent that it receive the agreements, documents and fees it requires, as specified herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Pharsight Corp)

Conditions Precedent to Initial Advance. Bank's obligation to make the initial Advance is subject to the condition precedent that it receive the agreements, documents and fees it requires, along with an initial audit of Borrower's Accounts, in form and substance acceptable to Bank.

Appears in 1 contract

Samples: Loan and Security Agreement (Fort Point Partners Inc)

Conditions Precedent to Initial Advance. Bank's obligation to make the initial Advance is subject to the condition precedent that it receive the agreements, documents and fees it requiresset forth herein. Bank's completion of a satisfactory accounts receivable audit.

Appears in 1 contract

Samples: Loan and Security Agreement (Clarent Corp/Ca)

Conditions Precedent to Initial Advance. Bank's ’s obligation to make the initial Advance is subject to the condition precedent that it receive the agreements, documents and fees it requires.

Appears in 1 contract

Samples: Loan and Security Agreement (Pharsight Corp)

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