Common use of Initial Advance Clause in Contracts

Initial Advance. The obligation of FINOVA to make the initial advance hereunder is subject to the fulfillment, to the satisfaction of FINOVA and its counsel, of each of the following conditions on or prior to the date set forth on the Schedule:

Appears in 8 contracts

Samples: Loan and Security Agreement (Organic Food Products Inc), Loan and Security Agreement (Fresh Choice Inc), Loan and Security Agreement (1 800 Autotow Inc)

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Initial Advance. The obligation of FINOVA to make the initial advance hereunder or to issue or arrange for the issuance of the initial Letter of Credit hereunder is subject to the fulfillment, to the satisfaction of FINOVA and its counsel, of each of the following conditions on or prior to the date set forth on the Schedule:

Appears in 6 contracts

Samples: Loan and Security Agreement (Jacobs Jay Inc), Loan and Security Agreement (Medley Credit Acceptance Corp), Loan and Security Agreement (Revenge Marine Inc)

Initial Advance. The obligation of FINOVA to make the initial advance hereunder is subject to the fulfillment, to the satisfaction of FINOVA and its counsel, of each of the following conditions on or prior to the date set forth on the Schedule:: ---------------

Appears in 1 contract

Samples: Finova Loan and Security Agreement (Play Co Toys & Entertainment Corp)

Initial Advance. The obligation of FINOVA to make the initial advance Advance hereunder is subject to the fulfillment, to the satisfaction of FINOVA and its counsel, of each of the following conditions on or prior to the date set forth on the Schedule. To the extent individual items below relate to the Facilities or the Collateral, such items shall be interpreted to refer solely to the individual Facility to be acquired or developed by an individual Borrower and the other Collateral to be provided by such Borrower, on a Borrower by Borrower basis. Such conditions are designated with an "*":

Appears in 1 contract

Samples: Finova Loan and Security Agreement (Arv Assisted Living Inc)

Initial Advance. The obligation of FINOVA to make the initial advance ---------------- hereunder is subject to the fulfillment, to the fulfillment and satisfaction of FINOVA and its counsel, of each of the following conditions on or prior to the date set forth on the Schedule:

Appears in 1 contract

Samples: Loan and Security Agreement (Avery Communications Inc)

Initial Advance. The obligation of FINOVA to make the initial advance --------------- hereunder is subject to the fulfillment, to the satisfaction of FINOVA and its counsel, of each of the following conditions and any additional conditions specified in the Schedule on or prior to the date set forth on the Schedule:Schedule (the date of fulfillment of all such conditions, the "Closing Date"):

Appears in 1 contract

Samples: Loan and Security Agreement (Cumetrix Data Systems Corp)

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Initial Advance. The obligation of FINOVA to make the initial advance hereunder (the "Initial Advance") is subject to the fulfillment, to the fulfillment and satisfaction of FINOVA and its counsel, of each of the following conditions on or prior to the date set forth on the Schedule:

Appears in 1 contract

Samples: Loan and Security Agreement (Intellicall Inc)

Initial Advance. The obligation of FINOVA to make the initial advance hereunder is subject to the fulfillment, to the satisfaction of FINOVA and its counsel, of each of the following conditions on or prior to the date set forth on the Schedule:Schedule (or such later date as is set forth in Section 4.1(p) and 4.1(u)):

Appears in 1 contract

Samples: Loan and Security Agreement (Javelin Systems Inc)

Initial Advance. The obligation of FINOVA to make the initial advance hereunder is subject to the fulfillment, to the satisfaction of FINOVA and its counsel, . of each of the following conditions on or prior to the date set forth herein or on the The Loan Schedule:

Appears in 1 contract

Samples: Loan and Security Agreement (Espos Inc)

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