Conditions Precedent to the Final Advance Sample Clauses

Conditions Precedent to the Final Advance. The obligation of Lender to make the final Advance and to release the Retainage shall be subject to the condition precedent that Borrower shall be in compliance with all conditions set forth in Sections 3.01 and 3.02 and, further, that the following conditions shall have been satisfied:
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Conditions Precedent to the Final Advance. The obligation of Lender to make the final advance under the Note in the amount of $20,000,000.00 is subject to the satisfaction by Borrower on or before the date of said final advance of the following conditions precedent:
Sample 1
Conditions Precedent to the Final Advance. The obligation of the Lender under this Agreement to make the final Advance is subject to the fulfillment of the following additional conditions to the satisfaction of the Lender or its agents, in their sole discretion: All of the conditions precedent to all prior Advances set forth in Sections 7.1 and 7.2 of this Agreement shall have been satisfied as of the date the final Advance is requested; The Lender shall have received a permanent certificate of occupancy or its equivalent issued for the Project by the appropriate Governmental Authority confirming that the Project may be legally occupied for its intended purposes; The Lender shall have received an "as built" Survey showing the location of all Improvements, easements, rights-of-way and other matters affecting the Project; and The Lender shall have received releases of lien from the General Contractor and all Subcontractors with respect to all sums due to them for work, labor or services performed, or materials, supplies or equipment furnished in connection with the construction of the Improvements.
Sample 1
Conditions Precedent to the Final Advance. The obligation of the Lender under this Agreement to make the final Advance is subject to the fulfillment of the following additional conditions to the satisfaction of the Lender or its agents, in their sole discretion: All of the conditions precedent to all prior Advances set forth in Sections 7.1 and 7.2 of this Agreement shall have been satisfied as of the date the final Advance is requested; The Lender shall have received a permanent certificate of occupancy or its equivalent issued for the Project by the appropriate Governmental Authority confirming that the Project may be legally occupied for its intended purposes; The Lender shall have received an "as built" Survey showing the location of all Improvements, easements, rights-of-way and other matters affecting the Project; and The Lender shall have received releases of lien from the General Contractor and all Subcontractors with respect to all sums due to them for work, labor or services performed, or materials, supplies or equipment furnished in connection with the construction of the Improvements.
Sample 1

Related to Conditions Precedent to the Final Advance

  • Conditions Precedent to the Loan The obligation of Lender to make the Loan hereunder is subject to the fulfillment by Borrower or waiver by Lender of the following conditions precedent no later than the Closing Date:

  • Conditions Precedent to the Initial Advance The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received and approved on or before the Closing Date (other than with respect to paragraph (10) below which shall be required prior to the Initial Advance) each of the following documents, and each of the following requirements shall have been fulfilled:

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions Precedent to Initial Advance The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

  • Conditions Precedent to All Advances The obligation of Bank to make each Advance, including the initial Advance, is further subject to the following conditions:

  • Conditions Precedent to Initial Advances The obligation of each Bank to make its initial Advance on or after the Closing Date is subject to the conditions precedent that (i) all principal, accrued interest, fees, expenses, costs and other amounts outstanding under the terms of each of the Prior Agreements, accrued to the Closing Date, shall have been paid, and the commitments of the lenders thereunder to extend credit shall have terminated, (ii) the Agent shall have received, for the benefit of the Banks, the one time upfront fees due and payable on the Closing Date pursuant to the Joint Fee Letter and (iii) the Agent shall have received on or before the day of the initial Borrowing the following, each dated the Closing Date, in form and substance satisfactory to the Agent and in sufficient copies for each Bank:

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to the Obligation of the Company to Close and to Sell the Securities. The obligation hereunder of the Company to close and issue and sell the Securities to the Purchasers at the Closing is subject to the satisfaction or waiver, at or before the Closing of the conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

  • Conditions Precedent to the Obligations of the Company to sell Shares at the Closing. The Company’s obligation to sell and issue to the Purchaser the Allocated Shares at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company:

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