Common use of Conditions Precedent to Clause in Contracts

Conditions Precedent to. All Loans and Letter of Credit Accommodations. Each of the following is an additional condition precedent to Lender making Loans and/or providing Letter of Credit Accommodations to Borrower: (a) all representations and warranties contained herein and in the other Financing Agreements shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of the making of each such Loan or providing each such Letter of Credit Accommodation or providing each such advance under the Equipment Acquisition Facility and after giving effect thereto; and (b) no Event of Default and no event or condition which, with notice or passage of time or both, would constitute an Event of Default, shall exist or have occurred and be continuing on and as of the date of the making of such Loan or providing each such Letter of Credit Accommodation or providing each such advance under the Equipment Acquisition Facility and after giving effect thereto."

Appears in 1 contract

Samples: Loan and Security Agreement (Krauses Furniture Inc)

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Conditions Precedent to. All Loans and Letter of Credit Accommodations. Each of the following is an additional condition precedent to Lender making Loans and/or providing Letter of Credit Accommodations to Borrower, including the initial Loans and Letter of Credit Accommodations and any future Loans and Letter of Credit Accommodations: (a) all representations and warranties contained herein and in the other Financing Agreements shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of the making of each such Loan or providing each such Letter of Credit Accommodation or providing each such advance under the Equipment Acquisition Facility and after giving effect thereto; and (b) no Event of Default and no event or condition which, with notice or passage of time or both, would constitute an Event of Default, shall exist or have occurred and be continuing on and as of the date of the making of such Loan or providing each such Letter of Credit Accommodation or providing each such advance under the Equipment Acquisition Facility and after giving effect thereto."

Appears in 1 contract

Samples: Loan and Security Agreement (Go Video Inc)

Conditions Precedent to. All Loans and Letter of Credit Accommodations. Each of the following is an additional condition precedent to Lender making Loans and/or providing Letter of Credit Accommodations to Borrower: Borrowers, including the initial Loans and Letter of Credit Accommodations and any future Loans and Letter of Credit Accommodations: (a) all representations and warranties contained herein and in the other Financing Agreements shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of the making of each such Loan or providing each such Letter of Credit Accommodation or providing each such advance under the Equipment Acquisition Facility and after giving effect thereto; and and (b) no Event of Default and no event or condition which, with notice or passage of time or both, would constitute an Event of Default, shall exist or have occurred and be continuing on and as of the date of the making of such Loan or providing each such Letter of Credit Accommodation or providing each such advance under the Equipment Acquisition Facility and after giving effect thereto."

Appears in 1 contract

Samples: Loan and Security Agreement (Wyant Corp)

Conditions Precedent to. All Loans and Letter of Credit Accommodations. Each of the following is an additional condition precedent to Lender making Loans and/or providing Letter of Credit Accommodations to Borrower, including the initial Loans and Letter of Credit Accommodations and any future Loans and Letter of Credit Accommodations: (a) all representations and warranties contained herein and in the other Financing Agreements shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of the making of each such Loan or providing each such Letter of Credit Accommodation or providing each such advance under the Equipment Acquisition Facility and after giving effect thereto; and (b) no Event of Default and no act, condition or event or condition which, with notice or passage of time or both, would constitute an Event of Default, shall exist or have occurred and be continuing on and as of the date of the making of such Loan or providing each such Letter of Credit Accommodation or providing each such advance under the Equipment Acquisition Facility and after giving effect thereto."

Appears in 1 contract

Samples: Loan and Security Agreement (Fairwood Corp)

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Conditions Precedent to. All Loans and Letter of Credit Accommodations. Each of the following is an additional condition precedent to Lender making Loans and/or providing Letter of Credit Accommodations to BorrowerBorrowers, including the initial Loans and any future Loans and Letter of Credit Accommodations: (a) all representations and warranties contained herein and in the other Financing Agreements shall be true and correct in all material respects with the same effect as though such representations and warranties had been made on and as of the date of the making of each such Loan or providing each such Letter of Credit Accommodation or providing each such advance under the Equipment Acquisition Facility and after giving effect thereto; and (b) no Event of Default and no event or condition which, with notice or passage of time or both, would constitute an Event of Default, shall exist or have occurred and be continuing on and as of the date of the making of such Loan or providing each such Letter of Credit Accommodation or providing each such advance under the Equipment Acquisition Facility and after giving effect thereto."

Appears in 1 contract

Samples: Loan and Security Agreement (Reunion Industries Inc)

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