Common use of CONDITIONS PRECEDENT TO LOAN Clause in Contracts

CONDITIONS PRECEDENT TO LOAN. The obligation of Lender to make the Loan under this Agreement is subject to satisfaction by Borrower of all of the following conditions precedent to the satisfaction of Lender in its sole discretion: (a) Lender shall have received an original signed copy of this Agreement and an original signed Note in the form of Exhibit A hereto from Borrower; (b) A certificate from an officer of Borrower shall be delivered to Lender, which certificate shall include (i) an incumbency certificate for all signatories of Borrower, (ii) a true and complete copy of the articles of incorporation of Borrower as amended to date, (iii) a true and complete copy of the bylaws of Borrower as amended to date, and (iv) a copy of the resolutions authorizing Borrower to enter into the Loan Documents, together with a certificate that such resolutions have not been modified or revoked through the date hereof; (c) Lender shall have received a certificate of good standing of Borrower from the Secretary of State of Nevada; (d) All representations and warranties of Borrower in this Agreement shall be true and correct as of the date hereof, and no Event of Default shall exist under the Loan Documents; and (e) Lender shall have received such other documents, approvals or materials as Lender may reasonably request.