CONDITIONS OF SUBSEQUENT ADVANCES. The obligation of the Lender to make any Advance after the initial Advance shall be subject to the satisfaction of the following conditions precedent:
Appears in 5 contracts
Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Loan Agreement (Sepracor Inc /De/), Loan Agreement (Sepracor Inc /De/)
CONDITIONS OF SUBSEQUENT ADVANCES. The obligation of the Lender to make any Advance after the initial Advance on each Note shall be subject to the satisfaction of the following conditions precedent:
Appears in 1 contract
Samples: Construction Loan Agreement (American Skiing Co /Me)