Common use of Conditions to the Borrowing of the Initial Loan Clause in Contracts

Conditions to the Borrowing of the Initial Loan. The obligation of each Lender to make its Initial Loan on the Closing Date shall be subject to the execution and delivery of this Agreement by the parties hereto, the delivery of a Borrowing Notice as required pursuant to Section 2.02, and the prior or concurrent satisfaction of each of the conditions precedent set forth below in this Section 6.01.

Appears in 2 contracts

Sources: Credit Agreement (Adma Biologics, Inc.), Credit Agreement (Vapotherm Inc)

Conditions to the Borrowing of the Initial Loan. The obligation of each the Lender to make its the Initial Loan on the Closing Date shall be subject to the execution and delivery of this Agreement by the parties hereto, the delivery of a Borrowing Notice as required pursuant to Section 2.022.02(a), and the prior or concurrent satisfaction of each of the conditions precedent set forth below in this Section 6.01Article.

Appears in 2 contracts

Sources: Credit Agreement (Sonendo, Inc.), Credit Agreement (Sonendo, Inc.)

Conditions to the Borrowing of the Initial Loan. The obligation of each Lender to make its the Initial Loan on the Closing Date shall be subject to the execution and delivery of this Agreement by the parties hereto, the delivery of a Borrowing Notice as required pursuant to Section 2.02, and the prior or concurrent satisfaction (or waiver thereof by the Administrative Agent) of each of the conditions precedent set forth below in this Section 6.01.

Appears in 2 contracts

Sources: Credit Agreement (ArcherDX, Inc.), Credit Agreement (ArcherDX, Inc.)

Conditions to the Borrowing of the Initial Loan. The obligation of each Lender to make its the Initial Loan on the Closing Date shall be subject to the execution and delivery of this Agreement by the parties hereto, the delivery of a Borrowing Notice as required pursuant to Section 2.02, and 2.02(a),and the prior or concurrent satisfaction of each of the conditions precedent set forth below in this Section 6.01Article.

Appears in 1 contract

Sources: Credit Agreement (Aquestive Therapeutics, Inc.)

Conditions to the Borrowing of the Initial Loan. The obligation of each Lender the Lenders to make its the Initial Loan on the Closing Date shall be subject to the execution and delivery of this Agreement by the parties hereto, the delivery of a Borrowing Notice as required pursuant to Section 2.02, the delivery of a funds flow memorandum summarizing, in reasonable detail, the use of proceeds of Initial Loan, and the prior or concurrent satisfaction (or waiver thereof by the Agent) of each of the conditions precedent set forth below in this Section 6.01.

Appears in 1 contract

Sources: Credit Agreement (Xeris Biopharma Holdings, Inc.)

Conditions to the Borrowing of the Initial Loan. The obligation of each Lender to make its the Initial Loan on the Closing Date shall be subject to the execution and delivery of this Agreement by the parties hereto, the delivery of a Borrowing Notice as required pursuant to Section 2.022.02(a), and the prior or concurrent satisfaction (or waiver in the Administrative Agent’s sole discretion) of each of the conditions precedent set forth below in this Section 6.01Article.

Appears in 1 contract

Sources: Credit Agreement (Outset Medical, Inc.)