Common use of Further Conditions for Disbursement Clause in Contracts

Further Conditions for Disbursement. The obligation of the Banks to make any Advance (including the first Advance), or any continuation or conversion under Section 2.7, is further subject to the satisfaction of the following conditions precedent:

Appears in 1 contract

Sources: Credit Agreement (Monarch Machine Tool Co)

Further Conditions for Disbursement. The obligation of the Banks Bank to make any Advance (including the first Advance), or any continuation or conversion under Section 2.7, ) is further subject to the satisfaction of the following conditions precedentbeing satisfied:

Appears in 1 contract

Sources: Credit Agreement (Hurco Companies Inc)