Conditions Precedent to the Initial. Revolving Advance and the Initial Letter of Credit. The Lender's obligation to make the initial Revolving Advance or to cause to be issued the initial Letter of Credit hereunder shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender:
Appears in 2 contracts
Samples: Credit and Security Agreement (Eagle Geophysical Inc), Credit and Security Agreement (Lectec Corp /Mn/)
Conditions Precedent to the Initial. Revolving Advance and the Initial Letter of Credit. The Lender's obligation to make the initial Revolving Advance or to cause to be issued issue the initial Letter of Credit hereunder shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender:
Appears in 1 contract
Samples: Credit and Security Agreement (Sportsmans Guide Inc)
Conditions Precedent to the Initial. Revolving Advance and ---------------------------------------------------------- the Initial Letter of Credit. The Lender's obligation to make the initial ------------------------------- Revolving Advance or to cause to be issued the initial Letter of Credit hereunder shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender:
Appears in 1 contract
