Common use of First Loan Clause in Contracts

First Loan. As conditions precedent to Lender's obligation to make the first Loan hereunder: (1) The Company shall have delivered or shall have had delivered to Lender, in form and substance satisfactory to Lender, each of the following: (i) A duly executed copy of the Commitment Letter; (ii) A duly executed copy of this Agreement; (iii) A duly executed copy of the Security Agreement; (iv) A duly executed master promissory note evidencing the Loans; (v) Duly executed copies of the Additional Collateral Documents and all other security agreements, financing statements, and other documents, instruments, and agreements, properly executed, deemed necessary or appropriate by Lender, in its sole discretion, to create in favor of Lender a perfected first security interest in and lien upon the Collateral; and (vi) Such credit applications, financial statements, corporate borrowing resolutions and authorizations and such information concerning the Company, any Guarantors, or its or their business, operations, and conditions (financial and otherwise) as Lender may request including without limitation counsel opinion letters, in form satisfactory to Lender, of counsel for the Company and Guarantors. (2) All acts, conditions, and things (including without limitation, the obtaining of any necessary regulatory approvals and the making of any required filings, recordings, or registrations) required to be done and performed and to have happened precedent to the execution, delivery, and performance of the Loan Documents and to constitute the same legal, valid and binding obligations, enforceable in accordance with their respective terms shall have been done and performed and shall have happened in due and strict compliance with all applicable laws. (3) All documentation in connection with the transactions contemplated by the Loan Documents, including, without limitation, documentation for corporate and legal proceedings shall be satisfactory in form and substance to Lender and its counsel.

First Loan. As conditions precedent to Lender's ’s obligation to make the first Loan hereunder: (1) The Company shall have delivered or shall have had delivered to Lender, in form and substance satisfactory to Lender, each of the following: (i) A duly executed copy of the Commitment Letter; (iii) A duly executed copy of this Agreement; (iii) A duly executed copy of the Security Agreement; (iv) A duly executed master promissory note evidencing the Loans; (vii) Duly executed copies of the Additional Collateral Documents and all other security agreements, financing statements, control agreements, intercreditor agreements, subordination agreements, and other documents, instruments, instruments and agreements, properly executed, deemed necessary or appropriate by Lender, in its sole discretion, to create in favor of Lender a perfected first security interest in and lien upon the Collateral; and (viiii) Such credit applications, financial statements, corporate borrowing resolutions resolutions, certificates of authority, and authorizations and such information concerning the Company, any Guarantors, Guarantors or its or their business, operations, and conditions (financial and otherwise) as Lender may request including without limitation counsel opinion letters, in form satisfactory to Lender, of counsel for the Company and Guarantorsrequest. (2) All acts, conditions, conditions and things (including including, without limitation, the obtaining of any necessary regulatory approvals and the making of any required filings, recordings, recordings or registrations) required to be done and performed and to have happened precedent to the execution, delivery, delivery and performance of the Loan Documents and to constitute the same legal, valid and binding obligations, enforceable in accordance with their respective terms terms, shall have been done and performed and shall have happened in due and strict compliance with all applicable laws. (3) All documentation in connection with the transactions contemplated by the Loan Documents, including, without limitation, documentation for corporate organizational and legal proceedings proceedings, shall be satisfactory in form and substance to Lender and its counsel.

First Loan. As conditions precedent to Lender's obligation to ---------- make the first Loan hereunder: (1) The Company shall have delivered or shall have had delivered to Lender, in form and substance satisfactory to Lender, each of the following: (i) A duly executed copy of the Commitment Letter;: (ii) A duly executed copy of this Agreement; (iii) A duly executed copy of the Security Agreement; (iv) A duly executed master promissory note evidencing the Loans; (v) Duly executed copies of the Additional Collateral Documents and all other security agreements, financing financial statements, and other documents, instruments, and agreements, properly executed, deemed necessary or appropriate by Lender, in its sole discretion, to create in on favor of Lender a perfected first security interest in and lien upon the Collateral; and (vi) Such credit applications, financial statements, corporate borrowing resolutions and authorizations and such information concerning the Company, any Guarantors, or of its or their business, operationsoperation, and conditions (financial and otherwise) as Lender may request including without limitation counsel opinion letters, in form satisfactory to Lender, of counsel for the Company and Guarantorsrequest. (2) All acts, conditions, and things (including without limitation, the obtaining of any necessary regulatory approvals and the making of any required filings, recordings, recording or registrations) required to be done and performed and to have happened precedent to the execution, delivery, and performance of the Loan Documents and to constitute the same legal, valid and binding obligations, obligations enforceable in accordance with their respective terms shall have been done and performed and shall have happened in due and strict compliance with all applicable laws. (3) All documentation in connection with the transactions contemplated by the Loan Documentshereunder, including, without limitation, documentation for corporate and legal proceedings shall be satisfactory in form and substance to Lender and its counsel.