Common use of Conditions Precedent to Future Advances Clause in Contracts

Conditions Precedent to Future Advances. The obligation of Lender under this Agreement to make any advances under the Revolving Note after the date of this Agreement, in accordance with the terms and provisions of Section 3 of this Agreement, are subject to the full and complete satisfaction of each of the following conditions precedent as of the date of such advance or payment: (a) The representations and warranties set forth in Section 5 of this Agreement shall be true and correct as of the date of the making of such advance or payment with the effect as though the representation or warranty had been made on this date; (b) No Default or Event of Default shall have occurred and be continuing, or will result from, the making of such advance; and (c) All conditions set forth in Section 2.1 shall be then fully and completely satisfied (including, without limitation, any condition precedent waived, in whole or in part, by Lender in connection with the initial advance or any subsequent advance), and all terms and provisions of Section 3 of this Agreement shall then be fully and completely satisfied.

Conditions Precedent to Future Advances. The obligation obligations of the Lender under this Agreement to make any advances under the Revolving Note after the date of this AgreementAgreement under Section 2.1, in accordance with the terms and provisions of Section 3 2 of this Agreement, are subject to the full and complete satisfaction of each of the following conditions precedent as of the date of such advance or payment: (a) Each of the conditions set forth in Section 6.1 shall be fully and completely satisfied as of the date of such advance (including, without limitation, any such condition which has been waived, in whole or in part, in connection with any prior advance); (b) The representations and warranties set forth in Section 5 of this Agreement shall be true and correct as of the date of the making of such advance or payment with the effect as though the representation or warranty had been made on this dateas of the date of such advance; (bc) No Default or Event of Default shall have occurred and be continuing, or will result from, from the making of such advance; and (cd) All conditions set forth requirements for making such advances or payments as provided hereunder in Section 2.1 shall be then fully and completely satisfied (including, without limitation, any condition precedent waived, in whole or in part, by Lender in connection accordance with the initial advance or any subsequent advance), and all terms and provisions of Section 3 of this Agreement Agreement, shall then be have been fully and completely satisfied.