Conditions Precedent to the Loan. The obligation of the Lender to make the Loan pursuant to Section 2.1 shall be subject to the satisfaction, on or before the applicable Closing Date, of the conditions set forth in this Section. If the conditions set forth in this Section are not met on or prior to the applicable Closing Date, the Lender shall have no obligation to fund the amount of the Loan required on the applicable Closing Date.
Appears in 6 contracts
Samples: Security Agreement (Itec Environmental Group Inc), Loan Agreement (Itec Environmental Group Inc), Security Agreement (Itec Environmental Group Inc)
Conditions Precedent to the Loan. The obligation of the Lender to make the Loan pursuant to Section 2.1 shall be subject to the satisfaction, on or before the applicable Closing Date, of the conditions set forth in this Section. If the conditions set forth in this Section are not met on or prior to the applicable Closing Date, the Lender shall have no obligation to fund make the amount of the Loan required on the applicable Closing DateLoan.
Appears in 3 contracts
Samples: Security Agreement (Itec Environmental Group Inc), Security Agreement (Itec Environmental Group Inc), Security Agreement (Itec Environmental Group Inc)