Conditions of Advances. Upon reasonable advance request from Borrower, Lenders shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied: 2.1 Borrower shall have executed and delivered the Note to Lenders, as applicable; 2.2 The aggregate amount of outstanding advances following such advance shall not exceed $750,000; 2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects; 2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents; 2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and 2.6 Prior to the effectiveness of the Registration Statement, Lenders consent to the advance.
Appears in 2 contracts
Sources: Subordinated Revolving Line of Credit Agreement (Echo Healthcare Acquisition Corp.), Subordinated Revolving Line of Credit Agreement (Echo Healthcare Acquisition Corp.)
Conditions of Advances. Upon reasonable advance request from Borrower, Lenders shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 Borrower shall have executed and delivered the Note to Lenders, as applicable;
2.2 The aggregate amount of outstanding advances following such advance shall not exceed $750,000500,000;
2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Prior to Borrower shall have completed the effectiveness of the Registration Statement, Lenders consent to the advancePublic Offering.
Appears in 2 contracts
Sources: Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP), Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP)
Conditions of Advances. Upon reasonable advance request from Borrower, Lenders Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 Borrower shall have executed and delivered the Note to LendersLender, as applicable;
2.2 The aggregate amount of outstanding advances following such advance shall not exceed $750,000500,000;
2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Prior to Borrower shall have completed the effectiveness of the Registration Statement, Lenders consent to the advancePublic Offering.
Appears in 2 contracts
Sources: Revolving Line of Credit Agreement (Inter-Atlantic Financial, Inc.), Revolving Line of Credit Agreement (Inter-Atlantic Financial, Inc.)
Conditions of Advances. Upon reasonable advance request from Borrower, Lenders shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 Borrower shall have executed and delivered the Note to Lenders, as applicable;
2.2 The aggregate amount of outstanding advances following such advance shall not exceed $750,000;
2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Prior to Borrower shall have completed the effectiveness of the Registration Statement, Lenders consent to the advancePublic Offering.
Appears in 2 contracts
Sources: Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP), Subordinated Revolving Line of Credit Agreement (HD Partners Acquisition CORP)
Conditions of Advances. Upon reasonable advance request from Borrower, Lenders Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 Borrower shall have executed and delivered the Note to LendersLender, as applicable;
2.2 The aggregate amount of outstanding advances following such advance shall not exceed $750,000250,000;
2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Prior to Borrower shall have completed the effectiveness of the Registration Statement, Lenders consent to the advancePublic Offering.
Appears in 1 contract
Sources: Subordinated Revolving Line of Credit Agreement (FMG Acquisition Corp)
Conditions of Advances. Upon reasonable advance request from Borrower, Lenders Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 2.1. Borrower shall have executed and delivered the Note to Lenders, as applicableLender;
2.2 2.2. The aggregate amount of outstanding advances following such advance shall not exceed Seven Hundred Thousand Dollars ($750,000700,000);
2.3 2.3. The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 2.4. Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 2.5. The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 2.6. Prior to the effectiveness of the Registration Statement, Lenders consent Lender consents to the advance.
Appears in 1 contract
Conditions of Advances. Upon reasonable advance request from Borrower, Lenders Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 2.1. Borrower shall have executed and delivered the Note to Lenders, as applicableLender;
2.2 2.2. The aggregate amount of outstanding advances following such advance shall not exceed One Million Dollars ($750,0001,000,000);
2.3 2.3. The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 2.4. Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 2.5. The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 2.6. Prior to the effectiveness of the Registration Statement, Lenders consent Lender consents to the advance.
Appears in 1 contract
Conditions of Advances. Upon reasonable advance request from Borrower, Lenders shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 Borrower shall have executed and delivered the Note to Lenders, as applicable;
2.2 The aggregate amount of outstanding advances following such advance shall not exceed $750,000250,000;
2.3 The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 Prior to Borrower shall have completed the effectiveness of the Registration Statement, Lenders consent to the advancePublic Offering.
Appears in 1 contract
Sources: Subordinated Revolving Line of Credit Agreement (Beverage Acquisition CORP)
Conditions of Advances. Upon reasonable advance request from Borrower, Lenders Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 2.1. Borrower shall have executed and delivered the Note to Lenders, as applicableLender;
2.2 2.2. The aggregate amount of outstanding advances following such advance shall not exceed Three Hundred Fifty Thousand Dollars ($750,000350,000);
2.3 2.3. The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 2.4. Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 2.5. The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 2.6. Prior to the effectiveness of the Registration Statement, Lenders consent Lender consents to the advance.
Appears in 1 contract
Sources: Revolving Line of Credit Agreement (Redstar Partners, Inc.)
Conditions of Advances. Upon reasonable advance request from Borrower, Lenders Lender shall make advances to or as directed by Borrower, provided that each and all of the following conditions is satisfied:
2.1 2.1. Borrower shall have executed and delivered the Note to Lenders, as applicableLender;
2.2 2.2. The aggregate amount of outstanding advances following such advance shall not exceed One Million Five Hundred Thousand Dollars ($750,0001,500,000);
2.3 2.3. The representations and warranties of Borrower in the Loan Documents shall be true and correct in all material respects;
2.4 2.4. Borrower shall have complied in all material respects with each of its agreements in the Loan Documents;
2.5 2.5. The advances shall be used only for such purposes as are set forth in Section 4.1 of this Agreement; and
2.6 2.6. Prior to the effectiveness of the Registration Statement, Lenders consent Lender consents to the advance.
Appears in 1 contract