Common use of Conditions Precedent to the Initial Advance Clause in Contracts

Conditions Precedent to the Initial Advance. The Lender's obligation to make the initial Advance hereunder shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender:

Appears in 6 contracts

Samples: Credit and Security Agreement (Metretek Technologies Inc), Credit and Security Agreement (Rsi Systems Inc/Mn), Credit and Security Agreement (Pentastar Communications Inc)

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Conditions Precedent to the Initial Advance. The Lender's ’s obligation to make the initial Advance hereunder shall be subject to the condition precedent that the Lender shall have received all of the following, each in form and substance satisfactory to the Lender:

Appears in 1 contract

Samples: Revolving Credit Agreement (Zareba Systems Inc)

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