Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):
Conditions Subsequent to the Initial Extension of Credit. The obligation of Lender to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):
Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto (or such later date as the Lender may determine in light of the circumstances), of each of the conditions subsequent set forth in Section 3.2 of the Secured Loan Facility (the failure by Companies to so perform or cause to be performed constituting an Event of Default).
Conditions Subsequent to the Initial Extension of Credit. The obligation of Lender to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment or waiver in writing, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrower to so perform or cause to be performed constituting an Event of Default), within 30 days of the Closing Date, deliver to Lender certified copies of the policies of insurance, together with the endorsements thereto, as are required by Section 6.8, the form and substance of which shall be reasonably satisfactory to Lender and its counsel.
Conditions Subsequent to the Initial Extension of Credit. The obligation of the Lender Group (or any member thereof) to continue to maintain the LC Obligations and the Term Loans (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrowers to so perform or cause to be performed constituting an Event of Default):
Conditions Subsequent to the Initial Extension of Credit. Borrower shall use its best efforts to cause the execution and delivery to Agent of a Collateral Access Agreement with respect to the Bonded Logistics warehouse in Charlotte, North Carolina within 90 days of the Closing Date. The obligation of the Lender Group (or any member thereof) to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrower to so perform or cause to be performed constituting an Event of Default):
Conditions Subsequent to the Initial Extension of Credit. The obligation of Lender to continue to make Advances (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Borrower to so perform or cause to be performed constituting an Event of Default): (a) within 30 days after the Closing Date, deliver to Lender a certificate of status from the State of New Jersey, which certificate shall not indicate that any annual reports are outstanding;
Conditions Subsequent to the Initial Extension of Credit. (a) The obligation of the Lender to continue to make Advances (or otherwise to extend credit hereunder) shall be subject to delivery to the Lender by the Borrowers, on or before January 6, 2006, of (i) duly executed Collateral Access Agreements with respect to such leased locations of any Borrower as the Lender deems appropriate, including, but not limited to, 000 Xxxxxxx Xxxxxx, Xxxxx 00, Xxx Xxxx, Xxx Xxxx 00000, and (ii) duly executed certificates of insurance, together with duly executed endorsements thereto, as required by SECTION 6.7, in form and substance satisfactory to the Lender and that reflect that Zanett Commercial Solutions, Inc. is a named insured on such policies. The failure by the Borrowers to so deliver to the Lender all such duly executed documents (in form and substance satisfactory to the Lender) on or before January 6, 2006 shall constitute an Event of Default.
Conditions Subsequent to the Initial Extension of Credit. Section 3.2 of the Loan Agreement is hereby amended by (i) deleting the word "and" at the end of clause (c) thereof, (ii) redesignating clause (d) thereof as new clause (e) thereof, and (iii) adding the following new clause (d) to read as follows:
Conditions Subsequent to the Initial Extension of Credit. The -------------------------------------------------------- obligation of Lender to continue to make Advances (or otherwise extend credit hereunder) from and after the date of the satisfaction of each of the conditions set forth in Section 3.1A is subject to the fulfillment, on or before the date applicable thereto, of each of the conditions subsequent set forth below (the failure by Parent and Borrower to so perform or cause to be performed constituting an Event of Default):
