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 to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto (or such later date as the Lender may determine in light of the circumstances), of each of the conditions subsequent set forth in Section 3.2 of the Secured Loan Facility (the failure by Companies to so perform or cause to be performed constituting an Event of Default).

Appears in 2 contracts

Samples: Unsecured Loan Agreement (Midway Games Inc), Subordinated Loan Agreement (Midway Games Inc)

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Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto (or such later date as the Lender may determine in light of the circumstances)thereto, of each of the conditions subsequent set forth in Section 3.2 a certain post-closing letter agreement executed in connection herewith dated as of the Secured Loan Facility date hereof (the failure by Companies Borrower to so perform or cause to be performed constituting an Event of Default).

Appears in 1 contract

Samples: Loan and Security Agreement (Overstock Com Inc)

Conditions Subsequent to the Initial Extension of Credit. The obligation of the each Lender to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto (or such later date as the Lender may determine in light of the circumstances)thereto, of each of the conditions subsequent set forth in Section 3.2 of the Secured Loan Facility on Schedule 3.6 (the failure by Companies Borrower to so perform or cause to be performed constituting an Event of Default).):

Appears in 1 contract

Samples: Credit Agreement (Captaris Inc)

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Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto (or such later date as the Lender may determine in light of the circumstances), of each of the conditions subsequent set forth in Section 3.2 of the Secured Loan Facility below (the failure by Companies to so perform or cause to be performed constituting an Event of Default).):

Appears in 1 contract

Samples: Loan and Security Agreement (Midway Games Inc)

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