Conditions Precedent to Advance. The Lender will not have any obligation to advance all or any portion of the Loan to the Borrower until all of the following have been fulfilled to the Lender’s satisfaction: (a) the Borrower has executed and delivered this Agreement; (b) the Borrower has executed and delivered to the Lender the Promissory Note; and (c) all filings necessary or advisable have been made in the appropriate jurisdictions.
Appears in 2 contracts
Sources: Loan Agreement (Lithium Exploration Group, Inc.), Loan Agreement (Lithium Exploration Group, Inc.)
Conditions Precedent to Advance. The Lender will not have any obligation to advance all or any portion of the Loan to the Borrower until all of the following have been fulfilled to the Lender’s satisfaction:
(a) the Borrower has executed and delivered this Agreement and the Security Agreement;
(b) the Borrower has executed and delivered to the Lender the a Draw Request and Promissory Note; and
(c) all filings necessary or advisable have been made in the appropriate jurisdictionsjurisdictions and there exists valid, perfected and enforceable security over the Collateral.
Appears in 1 contract
Sources: Loan Agreement (Eden Energy Corp)
Conditions Precedent to Advance. The Lender will not have any obligation to advance all or any portion of the Loan to the Borrower until all of the following have been fulfilled to the Lender’s 's satisfaction:
(a) the Borrower has executed and delivered this Agreement;; and
(b) the Borrower has executed and delivered to the Lender the a Promissory Note; and
(c) all filings necessary or advisable have been made Note in the appropriate jurisdictions.form attached hereto as Schedule "B";
Appears in 1 contract
Sources: Loan Agreement (Vumee Inc.)