Common use of Subsequent Advances Clause in Contracts

Subsequent Advances. Lender shall not be required to make any advances under the Loan after the initial advance unless or until the following conditions have been fulfilled: (a) No Default or Event of Default hereunder shall exist, and after having given effect to the requested advance, no Default or Event of Default shall exist; and (b) There shall not have occurred any material adverse change in the financial condition or business prospects of Borrower after April 1st, 2003.

Subsequent Advances. Lender shall not be required to make any advances under the Loan after the initial advance unless or until the following conditions have been fulfilled: (a) No Default or Event of Default hereunder shall exist, and after having given effect to the requested advance, no Default or Event of Default shall exist; and (b) There shall not have occurred any material adverse change in the financial condition or business prospects of Borrower after April 1stDecember 31, 20031999.