Common use of Conditions to the Borrowing of the Delayed Draw Loan Clause in Contracts

Conditions to the Borrowing of the Delayed Draw Loan. The obligation of each Lender to make its Delayed Draw Loan on the Delayed Draw Date shall be subject to the prior making of the Initial Loan on the Closing Date, the delivery of a Borrowing Notice as required pursuant to Section 2.02, and the prior or concurrent satisfaction of each of the conditions precedent set forth below in this Section 6.02.

Appears in 3 contracts

Samples: Credit Agreement (ArcherDX, Inc.), Credit Agreement (ArcherDX, Inc.), Credit Agreement (Adma Biologics, Inc.)

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Conditions to the Borrowing of the Delayed Draw Loan. The obligation of each Lender the Lenders to make its the Delayed Draw Loan on the Delayed Draw Date shall be subject to the prior making of the Initial Loan on the Closing Date, the delivery of a Borrowing Notice as required Loan Request for the Delayed Draw Loan pursuant to Section 2.022.2, and the prior or concurrent satisfaction of each of the conditions precedent set forth below in this Section 6.025.2.

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (Adma Biologics, Inc.), Credit Agreement (Adma Biologics, Inc.)

Conditions to the Borrowing of the Delayed Draw Loan. The obligation of each the Lender to make its the Delayed Draw Loan on the Delayed Draw Date shall be subject to the prior making of the Initial Loan on the Closing DateLoan, the delivery of a Borrowing Notice for such Delayed Draw Loan as required pursuant to Section 2.022.02(a), and the prior or concurrent satisfaction of each of the conditions precedent set forth below in this Section 6.02.

Appears in 2 contracts

Samples: Credit Agreement (Sonendo, Inc.), Credit Agreement (Sonendo, Inc.)

Conditions to the Borrowing of the Delayed Draw Loan. The obligation of each Lender the Lenders to make its the Delayed Draw Loan on the Delayed Draw Date shall be subject to the prior making of the Initial Loan on the Closing DateLoan, the delivery of a Borrowing Notice for such Delayed Draw Loan as required pursuant to Section 2.02, and 2.02(a),and the prior or concurrent satisfaction of each of the conditions precedent set forth below in this Section 6.02.

Appears in 1 contract

Samples: Credit Agreement (Aquestive Therapeutics, Inc.)

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Conditions to the Borrowing of the Delayed Draw Loan. The obligation of each Lender to make its Delayed Draw Loan on the Delayed Draw Date shall be subject to (i) the prior making of the Initial Loan on the Closing DateLoan, (ii) the delivery of a Borrowing Notice for such Delayed Draw Loan as required pursuant to Section 2.02, (iii) the occurrence of the Delayed Draw Date on or before December 31, 2024, and (iv) the prior satisfaction (or concurrent satisfaction waiver thereof by the Administrative Agent) of each of the conditions precedent set forth below in this Section 6.02.

Appears in 1 contract

Samples: Credit Agreement (Apyx Medical Corp)

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