Common use of COMMITMENT CONDITIONS Clause in Contracts

COMMITMENT CONDITIONS. (A) Borrower shall have paid to Lender an origination fee equal to $1,462,500. Such fee shall be deemed to have been fully earned upon execution of this Agreement, regardless of whether all or part of the New Loan Amount is actually funded. (B) Lender shall have completed its "due-diligence" review of the Borrower, the members of the Borrower Control Group, the Operating Companies and their respective Affiliates, including the organizational and governing documents, major agreements binding or affecting, and financial condition of each of them, and such other documents and information as Lender may request, and the results of such review shall be satisfactory to Lender in its sole discretion.