Conditions to Making Loans. Your obligation to make any Loan pursuant to this Agreement shall be subject to compliance by the Company with its agreements herein contained, subject to Section 2.3 and to the satisfaction, at or before the making of such Loan, of the following further conditions:
Conditions to Making Loans and Issuing Letters of Credit --------------------------------------------------------
Conditions to Making Loans. 4 4.1. Notes......................................................................... 4 4.2.
Conditions to Making Loans. 1C.1 The following are conditions precedent to the obligation of Standard to make the Line of Credit and the Term Loan hereunder:
(a) The Borrower shall have delivered or shall have had delivered to Standard Federal, in form and substance satisfactory to Standard Federal and its counsel, each of the following:
a. A duly executed copy of this Loan Agreement; b. A duly executed copy of the Line of Credit Note, the Term Note, a security agreement and such other loan documents as Standard Federal shall require to evidence and document the Line of Credit and the Term Loan; c. Such credit applications, financial statements, authorizations, and such information concerning the Borrower and its business, operations, and condition (financial and otherwise) as Standard Federal may reasonably request; d. Certified copies of resolutions of the Boards of Directors of the Borrower approving the execution and delivery of the loan documents required hereunder; e. A certificate of the Secretary or an Assistant Secretary of the Borrower certifying the names and true signatures of the officers of the Borrower authorized to sign the loan documents required hereunder; f. Copies of each of the Articles of Incorporation of the Borrower, certified by the Secretary of State of Michigan as of a recent date; g. Copies of each of the Articles of Incorporation and Bylaws of the Borrower, certified by the Secretary or an Assistant Secretary of the Borrower as of the date of this Agreement as being accurate and complete; h. Certificate of good standing of the Borrower from the Secretary of State of Michigan as of a recent date;
i. Certificates of authority and good standing of the Borrower for each state in which the Borrower is qualified to do business; j. A certificate of compliance of the chief financial officer or treasurer of the Borrower in form satisfactory to Standard Federal dated as of the date of this Agreement; k. Such certificates, binders or other evidence of all insurance required of the Borrower under this Loan Agreement as Standard Federal may reasonably require; and l. Acknowledgement copies of all UCC-1 financing statements filed with respect to the Collateral accompanied by a search report showing such financing statements as duly filed and evidencing that the security interest of Standard Federal in the Collateral is prior to all other security interests of record.
(b) All acts and conditions (including, without limitation, the obtaining of any necessary regulatory a...
Conditions to Making Loans. The obligations of the Lenders to make any Loans on any Funding Date are subject to the satisfaction of the following conditions:
(a) the Administrative Agent shall have received a Borrowing Notice as required by Article II;
(b) the representations and warranties set forth in Article V (other than those set forth in Section 5.05) shall be true and correct in all material respects on and as of the applicable Funding Date with the same effect as though such representations and warranties had been made on and as of such Funding Date, except to the extent that such representations and warranties expressly relate to an earlier date and except that the financial statements referred to in Section 5.04 shall be deemed to be those financial statements most recently delivered to the Administrative Agent and the Lenders pursuant to Section 6.01 from the date such financial statements are delivered to the Administrative Agent and the Lenders in accordance with such Section; and
(c) at the time of and after giving effect to each such Loan, no Default or Event of Default shall have occurred and be continuing. At the time of the applicable Borrowing on any Funding Date, the Company shall be deemed to represent that each of the conditions set forth in this Section 4.02 has been satisfied.
Conditions to Making Loans. UMB's obligation to make any Loan pursuant to this Agreement shall be subject to compliance by the Borrower with all of its obligations hereunder and to the following specific conditions being met by the Borrower at the time of the making of each borrowing hereunder:
Conditions to Making Loans. 6.1. Conditions of Initial Advance.......................................................................48 6.2.
Conditions to Making Loans. 28 6.1 All Loans................................................... 28 6.2 Initial Loan................................................ 29
Conditions to Making Loans. 6.1. Conditions of A&R Closing Date. 50 6.2. Conditions of Revolving Loans. 52 -ii-
Conditions to Making Loans. The Bank's obligation hereunder to make the Loans, extend credit and enter into transactions referred to in Article 4 shall be subject to the satisfaction of the following conditions on or prior to the Closing Date and, in the case of the conditions set forth in Sections 7.4, 7.5, 7.6, 7.7 and 7.8, as of each Disbursement Date and each date a Letter of Credit is issued, renewed or extended:
