Common use of Conditions to the Initial Advance Clause in Contracts

Conditions to the Initial Advance. The agreement of Lender to make the Initial Advance requested to be made on the Closing Date is subject to the satisfaction, or waiver by Lender, immediately prior to or concurrently with the making of such Advance, of the following conditions precedent (in addition to, and cumulative with, any such conditions precedent set forth and described in the Commitment Letter relative hereto):

Appears in 4 contracts

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Memry Corp), Credit and Security Agreement (Omni Energy Services Corp)

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Conditions to the Initial Advance. The agreement of the Lender to make the Initial Advance requested to be made on the Closing Date is subject to the satisfaction, or waiver by Lenderfulfillment, immediately prior to or concurrently with the making of such Advancethe Initial Advance on the Closing Date, of the following conditions precedent (in addition to, and cumulative with, any such conditions precedent set forth and described in the Commitment Letter relative hereto):precedent:

Appears in 2 contracts

Samples: Loan Agreement (Cynet Inc), Loan Agreement (Cynet Inc)

Conditions to the Initial Advance. The agreement of Lender to make the Initial Advance requested to be made on the Closing Date is subject to the satisfaction, receipt by Lender (unless receipt is postponed or waiver waived in writing by Lender), immediately prior to or concurrently with the making of such Advance, of the following conditions precedent (in addition to, and cumulative with, any such to the satisfaction of conditions precedent set forth and described in the Commitment Letter relative hereto):Letter) of: (a)

Appears in 2 contracts

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

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Conditions to the Initial Advance. The agreement of Lender to make the Initial Advance requested to be made on the Closing Date is subject to the satisfaction, receipt by Lender (unless receipt is postponed or waiver waived in writing by Lender), immediately prior to or concurrently with the making of such Advance, of the following conditions precedent (in addition to, and cumulative with, any such to the satisfaction of conditions precedent set forth and described in the Commitment Letter relative hereto):Letter) of:

Appears in 1 contract

Samples: Credit Agreement (Precision Aerospace Components, Inc.)

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