Conditions Precedent to the Closing and the Initial Advance. The Administrative Agent and the Lenders had no obligation to consummate the transactions contemplated by the Original Loan Agreement and make the Initial Advance unless:
Appears in 2 contracts
Sources: Loan and Security Agreement (Emergent Capital, Inc.), Loan and Security Agreement (Imperial Holdings, Inc.)
Conditions Precedent to the Closing and the Initial Advance. The Administrative Agent and the Lenders had shall have no obligation to consummate the transactions contemplated by the Original this Loan Agreement and make the Initial Advance unless:
Appears in 1 contract
Sources: Loan and Security Agreement (Imperial Holdings, Inc.)