Common use of Necessary Actions Clause in Contracts

Necessary Actions. The obligation of Bank to make the Loan to Borrower is subject to the further condition precedent that all proceedings taken in connection with the transactions contemplated by this Agreement, and all instruments, authorizations and other documents applicable thereto, shall be reasonably satisfactory in form and substance to Bank and its counsel.

Appears in 5 contracts

Samples: Loan Agreement (SPSS Inc), Loan Agreement (Firstcity Financial Corp), Loan Agreement (Firstcity Financial Corp)

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Necessary Actions. The obligation of Bank Lender to make the Loan to ----------------- Borrower is subject to the further condition precedent that all proceedings taken in connection with the transactions contemplated by this Agreement, and all instruments, authorizations and other documents applicable thereto, shall be reasonably satisfactory in form and substance to Bank Lender and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Icon Holdings Corp)

Necessary Actions. The obligation of Bank Lenders to make the Loan to Borrower is subject to the further condition precedent that all proceedings taken in connection with the transactions contemplated by this Agreement, and all instruments, authorizations and other documents applicable thereto, shall be reasonably satisfactory in form and substance to Bank and its counselLenders.

Appears in 1 contract

Samples: Loan Agreement (Firstcity Financial Corp)

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Necessary Actions. The obligation of Bank to make the Loan Loans to Borrower is subject to the further condition precedent that all proceedings taken in connection with the transactions transaction contemplated by this Agreement, and all instruments, authorizations and other documents applicable thereto, shall be reasonably satisfactory in form and substance to Bank and its counsel.

Appears in 1 contract

Samples: Loan and Security Agreement (Lante Corp)

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