Common use of Conditions to Subsequent Advances Clause in Contracts

Conditions to Subsequent Advances. The obligation of Lender to make any Advance subsequent to the initial Advance on the Loan is subject to the following conditions precedent:

Appears in 3 contracts

Sources: Loan and Security Agreement (ScripsAmerica, Inc.), Loan and Security Agreement (Zynex Inc), Loan and Security Agreement (Zynex Inc)

Conditions to Subsequent Advances. The obligation of Lender to make any Advance each advance subsequent to the initial Advance on advance under the Revolving Loan is subject to the following conditions precedent:

Appears in 1 contract

Sources: Loan and Security Agreement (White Electronic Designs Corp)