Common use of Conditions Precedent to Loan Advances Clause in Contracts

Conditions Precedent to Loan Advances. Lender’s obligation to make each Loan Advance is subject to satisfaction of the following conditions: (i) Receipt of an executed Notice of Borrowing (as defined below); (ii) The representations and warranties in Section 4 shall be true in all material respects on the date of the Notice of Borrowing and the Loan Date (as defined below); (iii) No Event of Default shall have occurred and be continuing or result from such Loan Advance; (iv) There shall not have occurred, in Lender’s sole discretion, any Material Adverse Change.

Conditions Precedent to Loan Advances. Lender’s obligation to make each Loan Advance is subject to satisfaction of the following conditions: (i) Receipt of an a written executed Notice of Borrowing (Borrowing, as defined belowin Section 2(b); (ii) The representations and warranties in Section 4 3 shall be true in all material respects on the date of the Notice of Borrowing and the Loan Date (as defined below); (iii) No Event of Default shall have occurred and be continuing or result from such Loan Advance; (iv) There shall not have occurred, in Lender’s sole discretion, occurred any Material Adverse ChangeChange (as defined below).