Common use of CONDITIONS FOR BORROWING Clause in Contracts

CONDITIONS FOR BORROWING. In addition to all conditions to borrowing set forth in Section 5.1 of the Master Loan Agreement, Lender’s obligation to make the Loan described in this Supplement is subject to the satisfaction or waiver by Lender in writing on or before the Closing Date of such Loan of the following conditions: 3.1. Lender shall have received the following, all in form, detail and content satisfactory to Lender: (a) Term Note A duly executed by both Borrowers.

Appears in 1 contract

Sources: Master Loan Agreement (Air T Inc)

CONDITIONS FOR BORROWING. In addition to all conditions to borrowing set forth in Section 5.1 of the Master Loan Agreement, Lender’s obligation to make the Loan described in this Supplement is subject to the satisfaction or waiver by Lender in writing on or before the Closing Date of such Loan of the following conditions: 3.1. Lender shall have received the following, all in form, detail and content satisfactory to Lender: (a) Term The Revolving Note A duly executed by both BorrowersCAS; and (b) The CAL Guaranty duly executed by CAL.

Appears in 1 contract

Sources: Master Loan Agreement (Air T Inc)

CONDITIONS FOR BORROWING. In addition to all conditions to borrowing set forth in Section 5.1 of the Master Loan Agreement, Lender’s obligation to make the Loan described in this Supplement is subject to the satisfaction or waiver by Lender in writing on or before the Closing Date of such Loan of the following conditions: 3.1. Lender shall have received the following, all in form, detail and content satisfactory to Lender: (a) Term Note A B duly executed by both Borrowers.

Appears in 1 contract

Sources: Master Loan Agreement (Air T Inc)