Initial and Subsequent Credit Sample Clauses

Initial and Subsequent Credit. The obligation of Lender to make each extension of credit requested by Borrower under this Agreement, including without limitation, the initial Revolving Loan Advance and any subsequent Revolving Loan Advance shall be subject to the fulfillment to Lender's satisfaction of all of the following conditions: (a) The representations and warranties contained in this Agreement and in each of the other Loan Documents shall be true on and as of the date of the signing of this Agreement and on the date of each extension of credit or the making of any Loans by Lender pursuant to this Agreement, with the same effect as though such representations and warranties had been made on and as of each such date, and on each such date, no Event of Default, and no condition, event or act which with the giving of notice or the passage of time or both would constitute an Event of Default, shall have occurred and be continuing or shall exist. (b) Lender shall have received all additional documents that Lender may require in connection with such extension of credit, in form and substance satisfactory to Lender. (c) There shall be no material adverse change, as determined by Lender in its discretion, since December 31, 2003, in the financial condition or business of Borrower or any Guarantor, nor any material decline, as determined by Lender in its discretion, in the market value of any Collateral or a substantial or material portion of the assets of Borrower or any Guarantor.