Common use of Conditions Precedent to Initial Advance Clause in Contracts

Conditions Precedent to Initial Advance. The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: (a) this Agreement; (b) a certificate of the Secretary of Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this Agreement; (c) financing statement (Form UCC-1); (d) insurance certificate; (e) payment of me fees and Bank Expenses then due specified in Section 2.5 hereof; and (f) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

Appears in 1 contract

Sources: Loan and Security Agreement (First Virtual Corp)

Conditions Precedent to Initial Advance. The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: (a) this Agreement; (b) a certificate of the Secretary of Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this Agreement; (c) financing statement (Form UCC-1); (d) insurance certificate; (e) payment of me the fees and Bank Expenses then due specified in Section 2.5 2.4 hereof; and (f) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

Appears in 1 contract

Sources: Loan and Security Agreement (Verity Inc \De\)

Conditions Precedent to Initial Advance. The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: : (a) this Agreement; ; (b) a certificate of the Secretary of Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this Agreement; ; (c) financing statement (Form UCC-1); promissory note; (d) insurance certificate; ; (e) payment of me the fees and Bank Expenses then due specified in Section 2.5 hereof; and (f) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.accounts receivable audit prior to an Advance under Section 2.1; and

Appears in 1 contract

Sources: Loan and Security Agreement (Jetfax Inc)

Conditions Precedent to Initial Advance. The obligation of Bank --------------------------------------- to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: (a) this Agreement; (b) a certificate of the Secretary of Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this Agreement; (c) financing statement (Form UCC-1)Reaffirmation of Guaranties by Guarantors; (d) insurance certificate; (e) payment of me fees and Bank Expenses then due specified in Section 2.5 hereof; and (f) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

Appears in 1 contract

Sources: Revolving Loan and Security Agreement (Iprint Technologies Inc)

Conditions Precedent to Initial Advance. The Bank’s obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: (a) this Agreement; (b) a certificate of the Secretary of Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this Agreement; (c) financing statement (Form UCC-1); (d) insurance certificate; (e) payment of me fees and Bank Expenses then due specified in Section 2.5 hereof; and (f) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate, including, without limitation: (a) Borrower shall have delivered duly executed original signatures to the Loan Documents to which it is a party; and (b) Borrower shall have paid the fees and Bank Expenses then due as specified in Section 2.5 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Ista Pharmaceuticals Inc)

Conditions Precedent to Initial Advance. The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: (a) this Agreement; (b) a certificate of the Secretary of Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this AgreementNotes; (c) financing statement (Form UCC-1)an opinion of each Borrower's counsel; (d) insurance certificate; (e) payment of me the fees and Bank Expenses then due specified in Section 2.5 hereof; and (fe) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

Appears in 1 contract

Sources: Loan and Security Agreement (Isky Inc)

Conditions Precedent to Initial Advance. The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: (a) this Agreement; (b) a certificate of the Secretary of Borrower with respect to articles, bylaws, incumbency and resolutions authorizing the execution and delivery of this Agreement; (c) financing statement (Form UCC-1)the Notes; (d) insurance certificatethe Negative Pledge Agreement; (e) payment of me fees and Bank Expenses then due specified in Section 2.5 hereof; and (f) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

Appears in 1 contract

Sources: Loan and Security Agreement (Freemarkets Inc)

Conditions Precedent to Initial Advance. The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: (a) this Agreement; (b) a certificate of the Secretary of Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this Agreement; (c) financing statement statements (Form Forms UCC-1); (d) insurance certificate; (e) payment of me the fees and Bank Expenses then due specified in Section 2.5 2.4 hereof; and (f) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

Appears in 1 contract

Sources: Loan and Security Agreement (Infoseek Corp)

Conditions Precedent to Initial Advance. The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: (a) this Agreement; (b) a certificate of the Secretary of Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this Agreement; (c) financing statement (Form UCC-1); (d) insurance certificate; (e) payment of me the fees and Bank Expenses then due specified in Section 2.5 hereof; and (f) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

Appears in 1 contract

Sources: Loan and Security Agreement (Connetics Corp)

Conditions Precedent to Initial Advance. The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: (a) 4.1.1 this Agreement; (b) 4.1.2 the payment by Borrower of Bank's attorneys' fees and costs in preparing this Agreement; 4.1.3 a certificate of the Secretary of Borrower with respect to incumbency and resolutions authorizing the execution and delivery of this Agreement; (c) financing statement (Form UCC-1); (d) insurance certificate; (e) payment of me fees and Bank Expenses then due specified in Section 2.5 hereof; and (f) 4.1.4 such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Avanex Corp)

Conditions Precedent to Initial Advance. The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following: (a) this Agreement; (b) a certificate of the Secretary of Borrower with respect to articles, bylaws, incumbency and resolutions authorizing the execution and delivery of this Agreement; (c) financing statement statements (Form Forms UCC-1); (d) insurance certificate; (e) payment of me the fees and Bank Expenses then due specified in Section 2.5 hereof; and (f) such other documents, and completion of such other matters, as Bank may reasonably deem necessary or appropriate.;

Appears in 1 contract

Sources: Loan and Security Agreement (Systemsoft Corp)