Common use of CONDITIONS PRECEDENT TO THE INITIAL ADVANCE OR LETTER OF CREDIT Clause in Contracts

CONDITIONS PRECEDENT TO THE INITIAL ADVANCE OR LETTER OF CREDIT. The obligation of (a) Lender to make the initial Advance under the Revolving Credit Facility or (b) Lender to issue the initial Letter of Credit is subject to the fulfillment, to the satisfaction of Lender, of each of the following conditions on or before the Closing Date. All of such agreements, documents and other items must be in form, content and all other respects satisfactory to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Access Worldwide Communications Inc)

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CONDITIONS PRECEDENT TO THE INITIAL ADVANCE OR LETTER OF CREDIT. The obligation of (a) Lender Bank to make the initial Advance under the Revolving Credit Facility or (b) Lender Bank to issue the initial Letter of Credit is subject to the fulfillment, to the satisfaction of LenderBank, of each of the following conditions on or before the Closing Date. All of such agreements, documents and other items must be in form, content and all other respects satisfactory to LenderBank.

Appears in 1 contract

Samples: Loan and Security Agreement (Drugmax Com Inc)

CONDITIONS PRECEDENT TO THE INITIAL ADVANCE OR LETTER OF CREDIT. The obligation of (a) Lender Bank to make the initial Advance under the Revolving Credit Facility or (b) Lender to issue the initial Letter of Credit is subject to the fulfillment, to the satisfaction of LenderBank, of each of the following conditions on or before the Closing Date. All of such agreements, documents and other items must be in form, content and all other respects satisfactory to LenderBank.

Appears in 1 contract

Samples: Loan and Security Agreement (Intest Corp)

CONDITIONS PRECEDENT TO THE INITIAL ADVANCE OR LETTER OF CREDIT. The obligation of (a) Lender Bank to make the initial an Advance under the Revolving Credit Facility or (b) Lender to issue an initial Advance under the initial Letter of Credit Term Loan is subject to the fulfillment, to the satisfaction of LenderBank, of each of the following conditions on or before the Closing Date. All of such agreements, documents and other items must be in form, content and all other respects satisfactory to LenderBank.

Appears in 1 contract

Samples: Loan and Security Agreement (Intest Corp)

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CONDITIONS PRECEDENT TO THE INITIAL ADVANCE OR LETTER OF CREDIT. The obligation of (a) Lender Bank to make the initial Advance under the Revolving Credit Facility or (b) Lender Bank to issue the initial Letter of Credit is subject to the fulfillment, to the reasonable satisfaction of LenderBank, of each of the following conditions on or before the Closing Date. All of such agreements, documents and other items must be in form, content and all other respects reasonably satisfactory to LenderBank.

Appears in 1 contract

Samples: Loan and Security Agreement (Berger Holdings LTD)

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