Common use of Conditions to Close Clause in Contracts

Conditions to Close. The obligation of Secured Party to advance the Committed Amount to the Debtor pursuant to the terms of this Agreement is subject to the fulfillment, to Secured Party’s satisfaction, of the following conditions: (a) Debtor shall have executed and delivered the following Debt Documents, in form and substance satisfactory to the Secured Party in its sole discretion: (i) this Agreement; (ii) Landlord Waiver; and (iii) Debtor’s Secretary Certificate. (b) Debtor shall have paid to Secured Party the following fees and expenses: (i) An origination fee equal to $10,000 and (ii) all reasonable fees and expenses of Secured Party, including fees of ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ LLP.