Common use of Conditions Precedent to Initial Funding Clause in Contracts

Conditions Precedent to Initial Funding. The obligation of CIT to make the initial loans hereunder, immediately prior to or concurrently with the making of such loans, is subject to the satisfaction or waiver in writing by CIT of the following conditions precedent:

Appears in 1 contract

Sources: Financing Agreement (Ascendia Brands, Inc.)

Conditions Precedent to Initial Funding. The obligation of CIT to make the initial loans hereunder, immediately prior Loans to or concurrently with the making of such loans, Debtor is subject to the satisfaction or waiver in writing by CIT of the following conditions precedent:

Appears in 1 contract

Sources: Loan and Security Agreement (Redpoint Bio CORP)