Common use of Conditions to the First Borrowing Clause in Contracts

Conditions to the First Borrowing. The obligation of each Lender to make a Loan as part of the first Borrowing shall not become effective until the following conditions precedent shall have been satisfied or waived in writing by the Majority Lenders:

Appears in 11 contracts

Samples: Loan Agreement (Navidea Biopharmaceuticals, Inc.), Loan Agreement (Omeros Corp), Term Loan Agreement (NanoString Technologies Inc)

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Conditions to the First Borrowing. The obligation of each Lender to make a Loan as part of the first Borrowing shall not become effective until the following conditions precedent shall have been satisfied or waived in writing by the Majority Lenders:

Appears in 11 contracts

Samples: Term Loan Agreement (T2 Biosystems, Inc.), Loan Agreement (NanoString Technologies Inc), Term Loan Agreement (Cardiome Pharma Corp)

Conditions to the First Borrowing. The obligation of each Lender to make a Loan as part of the first Borrowing shall not become effective until the following conditions precedent shall have been reasonably satisfied or waived in writing by the Majority Lenders:

Appears in 3 contracts

Samples: Agreement (Decipher Biosciences, Inc.), Agreement (Decipher Biosciences, Inc.), Agreement (Decipher Biosciences, Inc.)

Conditions to the First Borrowing. The obligation of each Lender to make a Loan as part of the first Borrowing shall not become effective until the following conditions precedent shall have been satisfied or waived in writing by the Majority Lenders (provided that the Lenders:’ decision to fund the first Borrowing shall be deemed to constitute Lenders’ satisfaction that such conditions have been met):

Appears in 3 contracts

Samples: Term Loan Agreement (ViewRay, Inc.), Term Loan Agreement (ViewRay, Inc.), Term Loan Agreement (ViewRay, Inc.)

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Conditions to the First Borrowing. The obligation of each Lender to make a Loan as part of the first Borrowing hereunder shall not become effective until the following conditions precedent shall have been satisfied or waived in writing by the Majority Lenders:

Appears in 1 contract

Samples: Loan Agreement (Exagen Diagnostics Inc)

Conditions to the First Borrowing. The obligation of each Lender to make a Loan as part of the first Borrowing (the “First Borrowing”) shall not become effective until the following conditions precedent shall have been satisfied or waived in writing by the Majority Lenders:

Appears in 1 contract

Samples: Loan Agreement (EyePoint Pharmaceuticals, Inc.)

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