Common use of Conditions Precedent to Lender's Obligations Clause in Contracts

Conditions Precedent to Lender's Obligations. The obligation of the Lender to consummate the transactions contemplated herein is subject to the satisfaction of the following conditions [any one or more of which may be waived by the Lender]: a. Borrower will have performed all obligations and complied with all conditions required to be performed or complied with by Borrower at or prior to the Closing. b. The representation and warranties of Borrower made herein shall be true and correct as of the Closing. If any of the conditions contained in this paragraph have not been satisfied [or waived], Lender may cancel and terminate this Agreement.

Appears in 3 contracts

Samples: Collateral Loan Agreement (Dialog Group Inc), Collateral Loan Agreement (Accupoll Holding Corp), Collateral Loan Agreement (Microsignal Corp/Nv)

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Conditions Precedent to Lender's Obligations. The obligation of the Lender to consummate the transactions contemplated herein hereby is subject to the satisfaction of the following conditions [(any one or more of which may be waived by the Lender]:): a. Borrower will have performed all obligations and complied with all conditions required to be performed or complied with by Borrower at or prior to the Closing. b. The representation representations and warranties of Borrower made herein shall be true and correct in all material respects as of the Closing. If any of the conditions contained in this paragraph shall not have not been satisfied [(or waived]), then Lender may cancel and terminate this Agreement.

Appears in 1 contract

Samples: Collateral Loan Agreement (Sundog Technologies Inc)

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Conditions Precedent to Lender's Obligations. The obligation of the Lender to consummate the transactions contemplated herein is subject to the satisfaction of the following conditions [any one or more of which may be waived by the Lender]: a. Borrower will have performed all obligations and complied with all conditions required to be performed or complied with by Borrower at or prior to the Closing. b. The representation and warranties of Borrower made herein shall be true and correct as of the Closingclosing. If any of the conditions contained in this paragraph have not been satisfied [(or waived]), Lender may way cancel and terminate this Agreement.

Appears in 1 contract

Samples: Collateral Loan Agreement and Promissory Note (Telecommunication Products Inc)

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