Conditions to Subsequent Borrowings. The obligation of each Lender to make a Loan as part of a Borrowing subsequent to the first Borrowing (other than any Borrowing of PIK Loans) is subject to the following conditions precedent:
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Samples: Term Loan Agreement (Valeritas Holdings Inc.), Term Loan Agreement (Valeritas Holdings Inc.), Term Loan Agreement (Valeritas Holdings Inc.)
Conditions to Subsequent Borrowings. The obligation of each Lender to make a Loan (other than a PIK Loan) as part of a subsequent Borrowing subsequent to the first Borrowing (other than any Borrowing of PIK Loans) is subject to the following conditions precedent, which shall have been satisfied or waived in writing by the Lenders:
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