Common use of Conditions Precedent for the Benefit of Lender Clause in Contracts

Conditions Precedent for the Benefit of Lender. All conditions precedent to the obligation of Lender to make the Loan are imposed hereby solely for the benefit of Lender, and no other party may require satisfaction of any such condition precedent or be entitled to assume that Lender will refuse to make the Loan in the absence of strict compliance with such conditions precedent. All requirements of this Loan Agreement may be waived by Lender only in writing, in whole or in part, at any time.

Appears in 3 contracts

Samples: Loan Agreement (Plains Capital Corp), Loan Agreement (Plains Capital Corp), Subordinate Credit Agreement (Plains Capital Corp)

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Conditions Precedent for the Benefit of Lender. All conditions precedent to the obligation of Lender to make or fund the Loan are imposed hereby solely for the benefit of Lender, and no other party may require satisfaction of any such condition precedent or be entitled to assume that Lender will refuse to make or fund the Loan in the absence of strict compliance with such conditions precedent. All requirements of this Loan Agreement may be waived by Lender only in writing, in whole or in part, at any time.

Appears in 1 contract

Samples: Commercial Loan Agreement (Moody National REIT I, Inc.)

Conditions Precedent for the Benefit of Lender. All conditions precedent to the obligation of Lender to make the Loan are imposed hereby solely for the benefit of Lender, and no other party may require satisfaction of any such condition precedent or be entitled to assume that Lender will refuse to make the Loan in the absence of strict compliance with such conditions precedent. All requirements of this Loan Agreement may be waived by Lender only in writingLender, in whole or in part, at any timetime in Lender's sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

Conditions Precedent for the Benefit of Lender. All conditions precedent to the obligation of Lender to make the Loan or any Advance are imposed hereby solely for the benefit of Lender, and no other party may require satisfaction of any such condition precedent or be entitled to assume that Lender will refuse to make the Loan or any Advance in the absence of strict compliance with such conditions precedent. All requirements of this Loan Agreement may be waived by Lender only in writingLender, in whole or in part, at any timetime in Lender's sole discretion.

Appears in 1 contract

Samples: Construction Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)

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Conditions Precedent for the Benefit of Lender. All conditions precedent to the obligation of Lender to make the any Loan are imposed hereby solely for the benefit of Lender, Lender and no other party Person may require satisfaction of any such condition precedent or be entitled to assume that Lender will refuse to make the Loan in the absence of strict compliance with such conditions precedent. All requirements of this Loan Agreement may be waived by Lender only in writing, in whole or in part, part at any timetime at Lender's sole option and discretion.

Appears in 1 contract

Samples: Credit Agreement (Consolidated Hydro Inc)

Conditions Precedent for the Benefit of Lender. All conditions precedent to the obligation of Lender to make the Loan fund are imposed hereby solely for the benefit of Lender, and no other party may require satisfaction of any such condition precedent or be entitled to assume that Lender will refuse to make the Loan fund in the absence of strict compliance with such conditions precedent. All requirements of this Loan Agreement may be waived by Lender only in writingLender, in whole or in part, at any time.

Appears in 1 contract

Samples: Loan Agreement (Dna Plant Technology Corp)

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