Common use of Conditions to Subsequent Loan Disbursements Clause in Contracts

Conditions to Subsequent Loan Disbursements. After the Effective Date, Lender’s obligation to make any disbursements of the Loan, and to issue, extend or renew any Letter of Credit, shall be subject to the satisfaction or waiver of the following conditions precedent:

Appears in 2 contracts

Samples: Loan Agreement (Clarus Corp), Loan Agreement (Black Diamond, Inc.)

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Conditions to Subsequent Loan Disbursements. After the Effective Date, Lender’s obligation to make any disbursements of the Loan, and to issue, extend or renew any Letter letter of Creditcredit, shall be subject to the satisfaction or waiver of the following conditions precedentprecedent and the terms of each Promissory Note:

Appears in 1 contract

Samples: Loan Agreement (Black Diamond, Inc.)

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Conditions to Subsequent Loan Disbursements. After the Effective Date, Lender’s obligation to make any disbursements of the Term Loan (through the Draw Period) or the Revolving Loan, and to issue, extend or renew any Letter letter of Creditcredit, shall be subject to the satisfaction or waiver of the following conditions precedent:.

Appears in 1 contract

Samples: Loan Agreement (inContact, Inc.)

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