Conditions to Each Sample Clauses
The "Conditions to Each" clause sets out specific requirements that must be satisfied before certain obligations or actions under an agreement become effective. Typically, these conditions might include obtaining necessary approvals, delivering required documents, or ensuring that no material adverse changes have occurred. By clearly outlining these prerequisites, the clause ensures that both parties are protected from proceeding under unfavorable or unanticipated circumstances, thereby allocating risk and providing a clear framework for when contractual duties are triggered.
Conditions to Each. Advance to EGF V . Unless waived in writing by Requisite Lenders, the obligation of any Lender to make any Advance to EGF V (or any Marine Subsidiary or Owner Trustee of EGF V) (including the initial Advance) is subject to the satisfaction of the following further conditions precedent:
Conditions to Each. ADVANCE TO EGF VI. Unless waived in writing by Requisite Lenders, the obligation of any Lender to make any Advance to EGF VI (or any Marine Subsidiary or Owner Trustee of EGF VI) (including the initial Advance except that the closing condition described in Section 3.5.2 shall only apply to subsequent Advances) is subject to the satisfaction of the following further conditions precedent:
3.5.1 SECURITY AGREEMENT (EGF VI). Agent shall have received the Security Agreement (EGF VI) in form and substance satisfactory to Lenders, duly executed and delivered by EGF VI and describing the Equipment being financed or refinanced on the date of the initial Advance to EGF VI.
3.5.2 SECURITY AGREEMENT SUPPLEMENT (EGF VI). Agent shall have received a supplement to Schedule A to the Security Agreement (EGF VI) in form and substance satisfactory to Lenders, duly executed and delivered by EGF VI and describing the Equipment being financed or refinanced on the date of each subsequent Advance to EGF VI.
Conditions to Each. Advance under the Working Capital Facility
Conditions to Each. Advance After the Initial Advance
(a) Borrower shall have delivered to Lenders a borrowing request as set forth in Section 2.4(b), which shall constitute a representation and warranty by Borrower as of the Borrowing Date of such Advance that the conditions contained in this Section 4.2 have been satisfied; provided, however, that any determination as to whether to fund Advances or extensions of credit shall be made by Lenders in their sole discretion;
(b) each of the representations and warranties made by Borrower in or pursuant to this Agreement shall be accurate, before and after giving effect to such Advance, and no Default or Event of Default shall have occurred or be continuing or would exist after giving effect to the Advance under the Facility on such date;
(c) immediately after giving effect to the requested Advance, the sum of the aggregate outstanding principal amount of Advances under the Facility shall not exceed the lesser of (i) the sum of the applicable amounts set forth in the Budget then in effect plus, if an Advance has been made under the Facility for the Deposit Use, $1,500,000 or (ii) the Facility Cap then in effect; and
(d) there shall not have occurred or exist any Material Adverse Change or Material Adverse Effect.
Conditions to Each. Advance The agreement of Lenders to make any Advance requested to be made on any date (including, without limitation, the initial Advance), is subject to the satisfaction of the following conditions precedent as of the date such Advance is made: (a)
Conditions to Each. Funding Date after the Initial Funding Date and each Disbursement made on or after the Initial Funding Date 88