Conditions Precedent to Each Advance definition

Conditions Precedent to Each Advance section of the Credit Agreement is amended by deleting subsections (b), (d) and (e) of such section.
Sample 1
Conditions Precedent to Each Advance. The following conditions shall have been satisfied prior to any advance, in the sole opinion of the Bank and its counsel:
Sample 1

Examples of Conditions Precedent to Each Advance in a sentence

  • Within the foregoing limits, Borrower may borrow, partially or wholly prepay, and reborrow under this Agreement as follows: Conditions Precedent to Each Advance.

  • Each Notice of Borrowing shall be deemed to be a representation and warranty by Borrower that the conditions specified in Section 3(b) (Conditions Precedent to Each Advance) have been and will be satisfied on and as of the date of the making of an Advance.

  • Section 3.1. Conditions Precedent to Initial Advance 9 Section 3.2. Conditions Precedent to Each Advance 11 ARTICLE IV REPRESENTATIONS AND WARRANTIES 12 Section 4.1. Organization 12 Section 4.2. Authorization; No Breach 12 Section 4.3. Financial Information 12 Section 4.4. Legal Effect 12 Section 4.5. Compliance with Law 12 Section 4.6. Hazardous Substances 12 Section 4.7. Litigation and Claims 13 Section 4.8. Taxes 13 Section 4.9. Employee Benefit Plans 13 Section 4.10.

  • Conditions Precedent to Each Advance 36 ARTICLE 5 AFFIRMATIVE COVENANTS OF BORROWER 36 Section 5.01.

  • Section 3.1. Conditions to Effectiveness of this Agreement 16 Section 3.2. Conditions Precedent to Each Advance 17 Section 3.3. Receivables Related Deliveries 19 Section 3.4. Examination of Receivable Files 19 Section 4.1. Servicer and Servicing Agreement 19 Section 4.2. Collections 19 Section 4.3. Application of Proceeds 20 Section 4.4. Prepayments.

  • Section 2.2 Conditions Precedent to Each Advance Subsequent to the Agreement Date ................

  • The credit facility established hereby is revolving; subject to the terms and conditions of this Agreement, the Borrower may borrow, prepay pursuant to Section 6.3 and reborrow under this Section 2.1.The obligations of the Banks hereunder shall be several, but not joint.2.2 [Reserved].2.3 [Reserved].2.4 [Reserved].2.5 Conditions Precedent to Each Advance.

  • Advance 36 Section 4.02 Conditions Precedent to Each Advance 38 Section 4.03 Deemed Representations 38 ARTICLE V REPRESENTATIONS AND WARRANTIES 38 Section 5.01 Due Organization 38 Section 5.02 Power and Authority; No Conflicts; Compliance With Laws 38 Section 5.03 Legally Enforceable Agreements 39 Section 5.04 Litigation 39 Section 5.05 Good Title to Properties 39 Section 5.06 Taxes 39 Section 5.07 ERISA 39 Section 5.08 No Default on Outstanding Judgments or Orders, Etc.

  • The Group’s share of the results of the associate is included in the consolidated income statement.

  • Conditions Precedent to Each Advance under the Revolving Note..............................................

Related to Conditions Precedent to Each Advance

  • Conditions Precedent shall have the meaning set forth in Clause 4.2.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Initial Advance means the first Advance made pursuant to Article II.

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • Special Conditions of Contract means the pages completed by the Procuring Entity entitled Special Conditions of Contract which constitute Part A of the Special Conditions.

  • Final Advance means an Advance made pursuant to Section 2.02(d).

  • Equipment Advance is defined in Section 2.1.1.

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • Request for Credit Extension means (a) with respect to a Borrowing, conversion or continuation of Committed Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Borrowing Notice is defined in Section 2.8.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Tranche B Advance has the meaning specified in Section 2.01(b).

  • Additional Advance means each additional loan that is made under an RBC Homeline Plan after the initial advance, including any new or additional advances, increases to principal, or further borrowings or extensions of the term, including in the case of any fluctuating account or accounts, revolving loans, or lines of credit, additional segments of such facilities made after the initial advance. They are referred to collectively as Additional Advances.

  • The Advance Work Order or “Letter of Intent” means the intention of Purchaser to place the Work Order on the bidder.

  • General Conditions of Contract means the ‘Instructions to Tenderers’ and ‘General Conditions of Contract’ pertaining to the work for which above tenders have been called for.

  • Conditions of Contract means those statements contained in or delivered with your Ticket/s or Itinerary/Receipt, identified as such and which incorporate by reference, these Conditions of Carriage and notices.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

  • Conditions of Approval means condition(s) imposed by the Municipality in the approval of a land development application, including any conditions contained in the annexure(s) and/or plans and/or attachment(s) that form part of the approval and/or are referred to in the approval of the land development application;

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Conditions of Use means these terms and conditions as may be varied by us from time to time.

  • Conditions of Tender means the Conditions of Tender for the said land as set out in Annexure A;

  • Special Conditions means Special Conditions of Contract, which override the General Conditions, also referred to as SCC.

  • Drawdown means a drawdown of a Facility.

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);