Common use of Conditions Subsequent to the Initial Extension of Credit Clause in Contracts

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

Appears in 43 contracts

Samples: Loan and Security Agreement (Evergreen Holdings Inc), Loan and Security Agreement (Trust Created February 25 1986), Credit Agreement (Altra Industrial Motion, Inc.)

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Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 36 contracts

Samples: Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Unified Grocers, Inc.)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 20 contracts

Samples: Loan and Security Agreement (Swank, Inc.), Loan and Security Agreement (Swank, Inc.), Loan and Security Agreement (Special Devices Inc /De)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the following conditions subsequent set forth below (the any failure by Borrowers Borrower to so perform satisfy or cause to be performed the satisfaction of each of such conditions subsequent constituting an Event of Default):

Appears in 6 contracts

Samples: Loan and Security Agreement (Horizon Technology Finance Corp), Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Technology Growth Capital Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Companies to so perform or cause to be performed constituting an Event of Default):

Appears in 4 contracts

Samples: Loan and Security Agreement (Midway Games Inc), Loan and Security Agreement (James River Coal CO), Loan and Security Agreement (Midway Games Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances hereunder (or otherwise to extend any other credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers the applicable Loan Party to so perform or cause to be performed constituting an Event of Default):

Appears in 3 contracts

Samples: Credit Agreement (Plato Learning Inc), Credit Agreement (MSX International Inc), Credit Agreement (Dune Energy Inc)

Conditions Subsequent to the Initial Extension of Credit. The -------------------------------------------------------- obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

Appears in 3 contracts

Samples: Loan and Security Agreement (Hologic Inc), Loan and Security Agreement (Friede Goldman Halter Inc), Loan and Security Agreement (Cellstar Corp)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances or to make Delayed Draw Term Loans (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 2 contracts

Samples: Loan and Security Agreement (Freshpet, Inc.), Loan and Security Agreement (Freshpet, Inc.)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) to issue Letters Of Credit is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 2 contracts

Samples: Loan and Security Agreement (Phonetel Technologies Inc), Loan and Security Agreement (3do Co)

Conditions Subsequent to the Initial Extension of Credit. The obligation obligations of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) to issue Letters of Credit is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

Appears in 2 contracts

Samples: Loan and Security Agreement (Guitar Center Inc), Loan and Security Agreement (Guitar Center Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below on Schedule 3.6 (the failure by Borrowers Borrower to so perform or cause to be performed constituting such conditions subsequent as and when required by the terms thereof (unless such date is extended, in writing, by Agent, which Agent may do without obtaining the consent of the other members of the Lender Group), shall constitute an Event of Default):).

Appears in 2 contracts

Samples: Credit Agreement (AdvancePierre Foods Holdings, Inc.), Credit Agreement (AdvancePierre Foods Holdings, Inc.)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make any Advances hereunder at any time (or otherwise to extend any other credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 2 contracts

Samples: Credit Agreement (Infocus Corp), Credit Agreement (Lexar Media Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of DefaultDefault unless otherwise expressly stated below):

Appears in 1 contract

Samples: Loan and Security Agreement (Riviera Holdings Corp)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances the Term Loans (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (Paincare Holdings Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (and except as provided in clause (d) below, the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (Communications & Power Industries Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the following conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Credit Agreement (Bell Industries Inc /New/)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (except as set forth in Section 3.2(a), the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (Orbital Sciences Corp /De/)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances or Capital Expenditures Loans (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (Sharper Image Corp)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):).

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer Companies Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) thereof to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Credit Agreement (Energy Corp of America)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Defaulta default hereunder):

Appears in 1 contract

Samples: Loan and Security Agreement (Etoys Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below on Schedule 3.6 (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):).

Appears in 1 contract

Samples: Credit Agreement (Actuate Corp)

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Conditions Subsequent to the Initial Extension of Credit. The -------------------------------------------------------- obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunderhereunder including, without limitation, any Capital Expenditure Loan) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (DSG International LTD)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):below:

Appears in 1 contract

Samples: Loan and Security Agreement (Aegis Communications Group Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) to issue Letters of Credit is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (Sholodge Inc)

Conditions Subsequent to the Initial Extension of Credit. The -------------------------------------------------------- obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) to issue Letters of Credit is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers the Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (System Software Associates Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances maintain the Term Loan (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Credit Agreement (Monotype Imaging Holdings Inc.)

Conditions Subsequent to the Initial Extension of Credit. The -------------------------------------------------------- obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below in the Post Closing Matters Agreement within the respective time period set forth therein (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):).

Appears in 1 contract

Samples: Loan and Security Agreement (Learningstar Corp)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) to issue Letters of Credit is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Defaultdefault):

Appears in 1 contract

Samples: Loan and Security Agreement (Guitar Center Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances hereunder (or otherwise to extend any other credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Credit Agreement (Baseline Oil & Gas Corp.)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):below:

Appears in 1 contract

Samples: Loan and Security Agreement (Sharper Image Corp)

Conditions Subsequent to the Initial Extension of Credit. The -------------------------------------------------------- obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) to issue Letters of Credit is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers the Obligors to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (System Software Associates Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) to issue Letters of Credit or F/X Undertakings is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers Borrower to so perform or cause to be performed constituting an Event of DefaultDefault except to the extent expressly otherwise stated):

Appears in 1 contract

Samples: Loan and Security Agreement (Star Telecommunications Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances Advances, to issue Letters of Credit or to enter into Foreign Exchange Forward Contracts (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (3 D Systems Corp)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend extent credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers the Borrower to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (Northland Cranberries Inc /Wi/)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillmentfulfillment by Borrowers, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Air Group Inc)

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