Conditions for Advances. The making of Advances under the Line of Credit is subject to the following conditions precedent (all instruments, documents and agreements to be in form and substance satisfactory to Lender and its counsel):
Conditions for Advances. A. Once your Application for Annualization (Eship # 142482) has been approved by Company, the maximum Advance on any one Eligible Contract, the total maximum Advance to you on all Eligible Contracts and the annualization rate of Eligible Commissions will be as stated on that Application for Annualization, which is made a part of this Agreement.
Conditions for Advances. Borrower shall be xxxxxxed to borrow monies under this Note (subject xx xxx ximitations described above) under the following conditions: CUSTOMER REQUEST/OFFICER APPROVAL -------------------------------------------------------------------------------- BORROWER ACKNOWLEDGES THAT BORROWER HAS READ, UNDERSTANDS, AND AGREES XX XXX TERMS AND CONDITIONX XX XXXS NOTE INCLUDING THE PROVISIONS ON THE REVERSE SIDE. BORROWER ACKNOWLEDGES RECEIPT OF AN EXACT COPY OF THIS NOTE. THIS NOTE AND RELATED DOCUMENTS HAVE BEEN SIGNED IN THE COUNTY OF LENDER'S ADDRESS UNLESS OTHERWISE SPECIFIED: MIDLAND NOTE DATE: JUNE 00, 0997 BORROWER: FLARE KING, INC. BORROWER: WALLACE SPARKMAN /s/ WALLACE SPARKMAN /s/ XXXXXXX XXXXXXXX CHAIRXXX XX XXX XXXXX INDIVXXXXXXX XXXXXXXR: BORROWER: _________________________________ ______________________________ BORROWER: BORROWER: _________________________________ ______________________________ BORROWER: BORROWER: _________________________________ ______________________________ TERMS AND CONDITIONS
Conditions for Advances. If there is no default under this Note, Borrower shall be entitled to borrow monies or make draws under this Note (subject to the limitations described above) under the following conditions: -------------------------------------------------------------------------------- BORROWER ACKNOWLEDGES THAT BORROWER HAS READ, UNDERSTANDS, AND AGREES TO THE TERMS AND CONDITIONS OF THIS NOTE INCLUDING THE PROVISIONS ON THE REVERSE SIDE. BORROWER ACKNOWLEDGES RECEIPT OF AN EXACT COPY OF THIS NOTE. NOTE DATE: MAY 10, 1996 BORROWER: NORTECH SYSTEMS INCORPORATED BORROWER: /s/ Xxxxx X. Xxxxxxx -------------------------------------- ------------------------------------- XXXXX X. XXXXXXX VICE PRESIDENT BORROWER: BORROWER: -------------------------------------- ------------------------------------- BORROWER: BORROWER: -------------------------------------- ------------------------------------- BORROWER: BORROWER: -------------------------------------- ------------------------------------- TERMS AND CONDITIONS
Conditions for Advances. The Bank’s obligation to advance any funds to the Borrower under the Line of Credit is subject to the conditions that (i) no Event of Default, as hereinafter defined, or event which with the passage of time, provision of notice or both would constitute an Event of Default, shall have occurred and be continuing, (ii) each of the Borrowers shall be in compliance with all covenants, terms and conditions of this Loan Agreement and the Loan Documents, and (iii) all of the representations and warranties made by each of the Borrowers in this Loan Agreement and the Loan Documents shall be true and correct as of the date of such advance (except to the extent they relate to a specified date). Any request for an advance may be made by telephone, written request, e-mail, or telecopy transmission by any of the individuals identified in Exhibit B to this Loan Agreement, as such may be amended by the Borrower from time to time, and shall be deemed to include the Borrowers’ certification that the foregoing conditions have been satisfied. The Borrowers shall indemnify and hold the Bank harmless from and against any and all damages, losses, liabilities, costs and expenses (including reasonable attorney’s fees and expenses) which may arise or be created by the acceptance of such requests or the making of such advances under the Line of Credit. The Bank will enter on its books and records, which entry when made will be presumed correct absent manifest error, the date and amount of each advance, as well as the date and amount of each payment made by the Borrowers.
Conditions for Advances. The Agent shall furthermore receive in a form and substance satisfactory to the Agent all of the documents and evidence listed below at the time of or immediately after the drawdown of such:
Conditions for Advances. 19 ARTICLE SIX -
Conditions for Advances. Lender's obligation to make Advances hereunder shall be subject to the satisfaction at the time of each request for Advance of the following conditions:
Conditions for Advances. As long as (a) there exists no Event of Default, or circumstance that with the passage of time or giving of notice could constitute an Event of Default, (b) the representations and warranties of Debtor set forth herein are true and complete as of the date of the advance, and (c) the credit and financial condition of Debtor are, in the sole and absolute discretion of Secured Party, satisfactory, Secured Party will make advances to Debtor under the Line of Credit in such amounts as Debtor may request, but in no event may total outstanding advances hereunder exceed the Borrowing Base at any time.
Conditions for Advances. The obligation of MFS to fund any Advance under the Credit Facility is subject to the following conditions precedent (unless and except to the extent expressly waived by MFS in its sole and absolute discretion):
