Bank Condition Sample Clauses

Bank Condition. This Agreement is made on 21 December 2004 Between:
Sample 1
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Bank Condition. 43 ARTICLE X - CLOSINGS................................................................ 43 10.1 Closings................................................................... 43 10.2 Sellers' Obligations at Closings........................................... 44 10.3 Purchaser's Obligations at Closing......................................... 46
Sample 1
Bank Condition. Sellers shall use commercially reasonable efforts to satisfy the Bank Condition no later than May 2, 2003. Upon receipt of the Bank Documents, Sellers will take no action that is in conflict with any of the terms of the Bank Condition or that could cause the modification, alteration, rescission, termination, or acceleration of the Bank Condition. Promptly upon receipt of documents satisfying the Bank Condition, Sellers shall provide a true and correct copy thereof to Purchaser.
Sample 1
Bank Condition. On or before May 2, 2003, Sellers shall have delivered to Purchaser written copies of a fully-executed amendment or modification or refinancing of the existing credit facility of SBA Telecommunications, Inc. (the "Existing Credit Facility") that, in exchange for use by Sellers of a portion of the proceeds received by Sellers at the First Closing to repay a portion of the Existing Credit Facility, is effective at or before the First Closing, sets new financial covenants for SBA Telecommunications, Inc. for the period through at least December 31, 2004 and contains no provision which would, directly or indirectly, restrict or prohibit the consummation of the transactions contemplated hereby or in any Transaction Documents, including but not limited to any Seller's payment of any Indemnifiable Damages and Seller's grant to Purchaser of a perfected first priority security interest (the "Security Interest") in the funds contained in the Indemnity Deposit as contemplated in the Indemnity Deposit Agreement. Such amendment, modification or refinancing documents (the "Bank Documents"), which Bank Documents shall be valid and in full force and effect (the "Bank Condition") shall be to Sellers' sole satisfaction, which satisfaction will be assumed upon delivery of such written evidence to Purchaser. Each Seller shall grant at the First Closing to Purchaser the Security Interest.
Sample 1
Bank Condition. Except with respect to the Breakup Closing, Sellers shall have satisfied the Bank Condition on or before May 2, 2003, after which this condition shall be deemed waived by Sellers.
Sample 1

Related to Bank Condition

  • Minimum Condition Section 1.1(a).........................................2

  • Existing Condition Seller shall not cause nor permit to occur any of the events or occurrences described in Section 3.1.11 hereof.

  • Release Condition Notwithstanding anything to the contrary herein, no Severance Payments shall be due or made to Employee hereunder unless (i) Employee shall have executed and delivered a general release in favor of Employer and its affiliates, (which release shall be submitted to Employee for his review by the date of Employee’s termination of employment (or shortly thereafter), be substantially in the form of the Separation Agreement and Release attached hereto as Exhibit A and otherwise be satisfactory to Employer) and (ii) the Release Effective Date shall have occurred on or before the thirty-sixth (36th) day following the date employment terminates. The “Release Effective Date” shall be the date the general release becomes effective and irrevocable.

  • Delivery Condition Subtenant acknowledges that it takes possession of the Subdemised Premises in its “as is” condition, and further acknowledges that Sublandlord has made no representations or warranties of any kind or nature, whether express or implied, with respect to the Subdemised Premises, the remainder of the Premises, the common areas, or the Building, nor has Sublandlord agreed to undertake or perform any modifications, alterations, or improvements to the Subdemised Premises, the remainder of the Premises, the common areas or the Building which would inure to Subtenant’s benefit.

  • Prior Conditions Satisfied All conditions set forth in §10 shall continue to be satisfied as of the date upon which any Loan is to be made or any Letter of Credit is to be issued.

  • ELIGIBILITY CONDITIONS The eligibility conditions specified in Adoption Agreement Section 2.01 are effective for Plan Years beginning after _______________________.

  • Change in Condition There occurs any event or a change in the condition or affairs, financial or otherwise, of Borrower which, in the reasonable opinion of Lender, impairs Lender's security or ability of Borrower to discharge its obligations hereunder or which impairs the rights of Lender in such Collateral.

  • Continuing Conditions The obligations of each Lender to make Advances (including the initial Advance) under this Agreement and the obligation of the Issuing Lender to issue any Letters of Credit shall be subject to the continuing conditions that:

  • Fulfillment of Conditions Purchaser (a) shall take all commercially reasonable steps necessary or desirable and proceed diligently and in good faith to satisfy each other condition to the obligations of Seller contained in this Agreement, and (b) shall not, and shall not permit any of its Affiliates to, take or fail to take any action that would reasonably be expected to result in the non-fulfillment of any such condition.

  • Release Conditions As used in this Agreement, "Release Conditions" shall mean the following:

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