Subsequent Loans. The obligation of Lender to make any subsequent Loan shall be subject to satisfaction or waiver of the same conditions precedent as are set forth in Section 3.1, except that the conditions precedent set forth in subsections 3.1(b)(i), (f) and (i), if satisfied or waived with respect to the initial Loan, shall no longer apply.
Appears in 2 contracts
Sources: Secured Convertible Credit Facility and Security Agreement (Reed John E), Secured Convertible Credit Facility and Security Agreement (Simione Central Holdings Inc)