Common use of Conditions Precedent to Term Loan Clause in Contracts

Conditions Precedent to Term Loan. The obligation of Lender to make the Term Loan shall be subject to the condition precedent that Lender shall have received each of the following, each in form and substance satisfactory to Lender:

Appears in 6 contracts

Samples: Loan Agreement (Franklin Wireless Corp), Loan Agreement (Savon Team Sports Inc), Term Credit Agreement (Stonepath Group Inc)

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Conditions Precedent to Term Loan. The Lender’s obligation of Lender to make the Term Loan shall be is subject to the condition precedent that Lender shall have received each of the followingreceived, each in form and substance reasonably satisfactory to Lender:

Appears in 1 contract

Samples: Subordinated Loan Agreement (Adma Biologics, Inc.)

Conditions Precedent to Term Loan. The obligation of the Lender to make the Term Loan shall be to the Borrower, in accordance with the terms hereof, is subject to the further condition precedent that Lender shall have received the Borrower has complied with each of the following, each such compliance shall be satisfactory to the Lender and any documents delivered to the Lender shall be in form and substance reasonably satisfactory to the Lender:

Appears in 1 contract

Samples: Credit Agreement (Travel Services International Inc)

Conditions Precedent to Term Loan. The obligation of the Lender to make the Term Loan shall be subject to the condition precedent that Lender shall have received each of the following, each in form and substance satisfactory to Lender:

Appears in 1 contract

Samples: Credit Agreement (GPS Industries, Inc.)

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Conditions Precedent to Term Loan. The obligation of Lender to make the Term Loan shall be is subject to the condition precedent that Lender shall have received each on or before the date on which the Term Loan is to made copies of all of the following, each in form and substance satisfactory to unless waived by Lender:

Appears in 1 contract

Samples: General Credit and Security Agreement (Canterbury Park Holding Corp)

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