Common use of Conditions Precedent to Initial Credit Extension Clause in Contracts

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:

Appears in 4 contracts

Samples: Loan and Security Agreement (Alliance Medical Corp), Loan and Security Agreement (Insightful Corp), Loan and Security Agreement (Synchronoss Technologies Inc)

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Conditions Precedent to Initial Credit Extension. Bank's ’s obligation to make the initial Credit Extension is subject to the following conditions precedentto:

Appears in 3 contracts

Samples: Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc), Loan and Security Agreement (Visual Networks Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the condition precedent that the following conditions precedenthave been satisfied, all in form and substance reasonably satisfactory to Bank:

Appears in 3 contracts

Samples: Loan and Security Agreement (Ikanos Communications), Loan and Security Agreement (Ikanos Communications), Loan and Security Agreement (Digital Impact Inc /De/)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents, and fees it requires.

Appears in 2 contracts

Samples: Loan and Security Agreement (Harmonic Inc), Loan and Security Agreement (Harmonic Inc)

Conditions Precedent to Initial Credit Extension. Bank's The obligation of Bank to make the initial Credit Extension is subject to the following conditions precedentcondition precedent that Bank shall have received, in form and substance satisfactory to Bank the following:

Appears in 2 contracts

Samples: Senior Subordinated Loan and Security Agreement (Objectspace Inc), Senior Subordinated Loan and Security Agreement (Objectspace Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents and fees it requires. Borrowers will deliver to Bank with the request for the initial Advance under the Committed Guaranteed Revolving Line and the Term Loan a payoff letter from Banc One.

Appears in 2 contracts

Samples: Loan and Security Agreement by And (Kanbay International Inc), Loan and Security Agreement by And (Kanbay International Inc)

Conditions Precedent to Initial Credit Extension. Bank's The obligation of Bank to make the initial Credit Extension is subject to the following conditions precedentcondition precedent that Bank shall have received, prior to the Closing Date and in form and substance satisfactory to Bank, the following:

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ross Technology Inc), Asset Purchase Agreement (Ross Technology Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedentcondition precedent that:

Appears in 2 contracts

Samples: Loan and Security Agreement (Novoste Corp /Fl/), Loan and Security Agreement (Synaptics Inc)

Conditions Precedent to Initial Credit Extension. Bank's THE obligation of Bank to make the initial Credit Extension is subject to the following conditions precedentcondition precedent that Bank shall have received, in form and substance Satisfactory to Bank, the following:

Appears in 2 contracts

Samples: Loan Modification Agreement (Phase Forward Inc), Fifth Loan Modification Agreement (Phase Forward Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial first Credit Extension is is, in addition to the other applicable conditions precedent set forth in this Section 3, subject to the satisfaction of the following conditions precedent:

Appears in 2 contracts

Samples: Loan and Security Agreement (Critical Path Inc), Loan and Security Agreement (Invision Technologies Inc)

Conditions Precedent to Initial Credit Extension. The Bank's obligation to make the initial Credit Extension is subject to the following conditions precedentcondition precedent that Bank shall have received, in form and substances satisfactory to Bank, the following:

Appears in 1 contract

Samples: Loan and Security Agreement (Ibasis Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to Bank's having received the following conditions precedent:agreements, documents and fees that it requires.

Appears in 1 contract

Samples: Loan and Security Agreement (Exelixis Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedentprecedent that it receive the following:

Appears in 1 contract

Samples: Loan and Security Agreement (Novacept Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedentcondition precedent that it receives, in form and substance satisfactory to Bank, the following:

Appears in 1 contract

Samples: Loan and Security Agreement (Hotjobs Com LTD)

Conditions Precedent to Initial Credit Extension. Bank's The obligation of Bank to make the initial Credit Extension is subject to the following conditions precedentcondition precedent that Bank shall have received, inform and substance satisfactory to Bank, the following:

Appears in 1 contract

Samples: Loan and Security Agreement (Speechworks International Inc)

Conditions Precedent to Initial Credit Extension. Bank's Lender’s obligation to make the initial Credit Extension is subject to the following conditions precedent:

Appears in 1 contract

Samples: Loan and Security Agreement (Senorx Inc)

Conditions Precedent to Initial Credit Extension. Bank's Banks obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents and fees it requires.

Appears in 1 contract

Samples: Loan and Security Agreement (Actuate Software Corp)

Conditions Precedent to Initial Credit Extension. Bank's The obligation of Bank to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that Bank shall have received, in form and substance reasonably satisfactory to Bank, the following;

Appears in 1 contract

Samples: Loan and Security Agreement (Nanosys Inc)

Conditions Precedent to Initial Credit Extension. Bank's The obligation of Bank to make the initial Credit Extension is subject to the following conditions precedent:the

Appears in 1 contract

Samples: Loan and Security Agreement (Concur Technologies Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:to;

Appears in 1 contract

Samples: Loan and Security Agreement (Internap Network Services Corp/Wa)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the condition precedent that it receive the following conditions precedentagreements and documents:

Appears in 1 contract

Samples: Loan and Security Agreement (Ultimate Software Group Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents and fees it reasonably requires.

Appears in 1 contract

Samples: Loan and Security Agreement (Limelight Networks, Inc.)

Conditions Precedent to Initial Credit Extension. Bank's ’s obligation to make the initial Credit Extension is subject to the following conditions precedentcondition precedent that it receive the following:

Appears in 1 contract

Samples: Loan and Security Agreement (Sigmatel Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedentcondition precedents that: (i) an accounts receivable audit of the Borrower by the Bank is satisfactory to the Bank, in its sole and absolute discretion, and (ii) Bank receives in form and substance satisfactory to Bank, the following:

Appears in 1 contract

Samples: Loan and Security Agreement (Object Design Inc)

Conditions Precedent to Initial Credit Extension. Bank's Banks obligation to make the initial Credit Extension is subject to the following conditions precedentcondition precedent that:

Appears in 1 contract

Samples: Loan Modification Agreement (Synaptics Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents and fees it requires; and Borrower shall pay in full any outstanding principal and interest under the existing term loans.

Appears in 1 contract

Samples: Loan and Security Agreement (Metro One Telecommunications Inc)

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Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents (specifically, without limitation, this Agreement and UCC-1 financing statements, fully executed) and fees it requires,

Appears in 1 contract

Samples: Loan and Security Agreement (Packeteer Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the condition precedent that the following conditions precedenthave been satisfied, all in form and substance satisfactory to Bank:

Appears in 1 contract

Samples: Loan and Security Agreement (Stratex Networks Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents and fees it requires in its good faith business judgment, and shall include, without limitation, the satisfaction of the audit condition set forth in Section 6.2(d) hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Vascular Solutions Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents and fees it requires and the completion of Borrower's initial public offering.

Appears in 1 contract

Samples: Loan and Security Agreement (Insilicon Corp)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents and fees it requires and Borrower meets the criteria described in the definition of Committed Bridge Loan.

Appears in 1 contract

Samples: Loan and Security Agreement (Gric Communications Inc)

Conditions Precedent to Initial Credit Extension. Bank's The obligation of Bank to make the initial Credit Extension is subject to the following conditions precedent:

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Cinedigm Corp.)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the condition precedent that it receive the agreements, documents and fees it requires. Without limitation upon the foregoing, Bank's obligation to make the initial Credit Extension is subject to Borrower's satisfaction of the following conditions precedentconditions:

Appears in 1 contract

Samples: Loan Agreement (Ats Medical Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the Loan Documents and any other agreements, documents and fees it requires.

Appears in 1 contract

Samples: Loan Agreement (Manugistics Group Inc)

Conditions Precedent to Initial Credit Extension. Bank's The obligation of Bank to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: this Agreement; a promissory note evidencing the amounts owing under Sections 2.1.1 hereof;

Appears in 1 contract

Samples: Loan and Security Agreement (Home Director Inc)

Conditions Precedent to Initial Credit Extension. Bank's The obligation of Bank to make each Credit Extension, including the initial Credit Extension Extension, is further subject to the following conditions precedentprecedent and Bank receiving the following:

Appears in 1 contract

Samples: Loan and Security Agreement (GSV Capital Corp.)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents and fees it requires. Bank's obligation to make the initial Advance is further subject to Bank's examination and approval of Borrower's Eligible Accounts and Borrower's Collateral, as determined by the pre-funding examination and audit.

Appears in 1 contract

Samples: Loan and Security Agreement (Epoch Biosciences Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents and fees it requires. 4 CREATION OF SECURITY INTEREST 4.1

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiac Science Inc)

Conditions Precedent to Initial Credit Extension. Each Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:

Appears in 1 contract

Samples: Loan Agreement (Advanced Energy Industries Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents and fees it requires including without limitation this Agreement, a UCC-1 financing statement, and a warrant to purchase stock.

Appears in 1 contract

Samples: Loan and Security Agreement (Array Biopharma Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that Bank receives the agreements, documents and fees provided for herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Anda Networks Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedent:condition precedent that it receive the agreements, documents (specifically, without limitation, this Agreement and UCC-1 financing statements, fully executed) and fees it requires.

Appears in 1 contract

Samples: Loan and Security Agreement (Packeteer Inc)

Conditions Precedent to Initial Credit Extension. Bank's obligation to make the initial Credit Extension is subject to the following conditions precedentcondition precedent that it receive the agreements, documents and fees it requires, all in form and substance satisfactory to Bank, including (without limitation) the following:

Appears in 1 contract

Samples: Loan and Security Agreement (Epicedge Inc)

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