Common use of Each Loan Clause in Contracts

Each Loan. The obligation of the Lender to make any Loan shall be subject to initial compliance with Section 4.1 and 4.2 herein and also subject to satisfaction of the following conditions that at the date of making such Loan, and after giving effect thereto: (a) no Event of Default shall have occurred and continue to exist, and (b) each representation and warranty set forth in Section 3 above is true and correct as if then made.

Appears in 7 contracts

Samples: Loan Agreement (CRM Holdings, Ltd.), Loan Agreement (CRM Holdings, Ltd.), Loan Agreement (CRM Holdings, Ltd.)

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Each Loan. The obligation of the Lender to make any Loan shall be subject to initial compliance with Section 4.1 and 4.2 herein and also subject to satisfaction of the following conditions that at the date of making such Loan, and after giving effect thereto: (a) no Event of Default shall have occurred and continue to exist, and (b) each representation and warranty set forth in Section 3 above is true and correct as if then made, and (c) a true, accurate and complete Borrowing Base Certificate has been provided.

Appears in 2 contracts

Samples: Loan Agreement (Pinnacle Data Systems Inc), Loan Agreement (Pinnacle Data Systems Inc)

Each Loan. The obligation of the Lender to make any Loan shall be subject to initial compliance with Section 4.1 and 4.2 4.l herein and also subject to satisfaction of the following conditions that at the date of making such Loan, and after giving effect thereto: (a) no Event of Default or Potential Default shall have occurred and continue to exist, be then continuing and (b) each representation and warranty set forth in Section 3 ARTICLE III above is true and correct as if then made.

Appears in 2 contracts

Samples: Term Loan Agreement (Wellstar International, Inc.), Credit Agreement (Collaborative Clinical Research Inc)

Each Loan. The obligation of the Lender to make any Loan shall be subject to initial compliance with Section 4.1 and 4.2 herein and also subject to satisfaction of the following conditions that at the date of making such Loan, and after giving effect thereto: (a) no Event of Default shall have occurred and continue to exist, and (b) each representation and warranty set forth in Section 3 above is true and correct as if then made.

Appears in 1 contract

Samples: Loan Agreement (Universal Truckload Services, Inc.)

Each Loan. The obligation of the Lender Bank to make any Loan shall be subject to initial compliance with Section 4.1 4.l and 4.2 herein Article IX hereof and also subject to satisfaction of the following conditions that at the date of making such Loan, and after giving effect thereto: (a) no Event of Default or Potential Default shall have occurred and continue to exist, be then continuing and (b) each representation and warranty set forth in Section 3 ARTICLE III above is true and correct as if then made.

Appears in 1 contract

Samples: Credit Agreement (Dpac Technologies Corp)

Each Loan. The obligation of the Lender Bank to make any Loan shall be subject to initial compliance with Section 4.1 and 4.2 herein and also subject to satisfaction of the following conditions that at the date of making such Loan, and after giving effect thereto: (a) no Event of Default shall have occurred and continue to exist, and (b) each representation and warranty set forth in Section 3 Article III above is true and correct as if then made, and (c) receipt of a Draw Request meeting all of the conditions of Section 2.3.

Appears in 1 contract

Samples: Credit Loan Agreement (Heartland Payment Systems Inc)

Each Loan. The obligation of the Lender to make any Loan shall be subject to initial compliance with Section Sections 4.1 and 4.2 herein and also subject to satisfaction of the following conditions that at the date of making such Loan, and after giving effect thereto: (a) no Event of Default shall have occurred and continue to exist, and (b) each representation and warranty set forth in Section 3 above is true and correct as if then made.

Appears in 1 contract

Samples: Loan Agreement (Anaren Inc)

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Each Loan. The obligation of the Lender to make any Loan shall be subject to initial compliance with Section Sections 4.1 and 4.2 herein and also subject to satisfaction of the following conditions that at the date of making such Loan, and after giving effect thereto: (a) no Event of Default shall have occurred and continue to exist, and (b) each representation and warranty set forth in Section 3 above is true and correct as if then made.

Appears in 1 contract

Samples: Loan Agreement (Anaren Inc)

Each Loan. The obligation of the Lender to make any Loan shall be subject to initial compliance with Section 4.1 and 4.2 herein and also subject to satisfaction of the following conditions that at the date of making such Loan, and after giving effect thereto: (a) no Event of Default shall have occurred and continue to exist, exist and (b) each representation and warranty set forth in Section 3 above is true and correct as if then made.

Appears in 1 contract

Samples: Loan Agreement (Universal Truckload Services, Inc.)

Each Loan. The obligation of the Lender to make any Loan shall be subject to initial compliance with Section Sections 4.1 and 4.2 herein and also subject to satisfaction of the following conditions that at the date of making such Loan, and after giving effect thereto: (a) no Event of Default shall have occurred and continue to exist, and (b) each representation and warranty set forth in Section 3 above is true and correct as if then made, and (c) for Loans under the Revolving Credit Facility, a true, accurate and complete Borrowing Base Certificate has been provided.

Appears in 1 contract

Samples: Loan Agreement (Mod Pac Corp)

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