Conditions Precedent to Any Advance. The obligation of the State Entity to make any Advance hereunder (including the initial Advance) shall be subject to the following conditions precedent:
Conditions Precedent to Any Advance. The obligation of the Lenders to make any Advance under the Credit is conditional upon each of the following conditions having been satisfied:
Conditions Precedent to Any Advance. Except for delays unavoidably occasioned by strikes, lock-outs, war or civil disturbance, natural disaster, acts of God, or extreme weather conditions, if Borrower is unable to satisfy any condition precedent to its right to receive an advance of the Construction Line proceeds for a period in excess of thirty (30) days.
Conditions Precedent to Any Advance. Except for delays unavoidably occasioned by strikes, lock-outs, war or civil disturbance, natural disaster, acts of God, or extreme weather conditions, if Borrower is unable to satisfy any condition precedent to its right to receive an advance of Line of Credit proceeds for a period in excess of thirty (30) days.
Conditions Precedent to Any Advance. Except for delays caused by Force Majeure, Borrower shall be unable to satisfy any condition precedent to its right to receive an advance of the Loan proceeds for a period in excess of thirty (30) days.
Conditions Precedent to Any Advance. The obligation of Lender to make an initial Advance hereunder is subject to the satisfaction of each of the following conditions precedent before or concurrently with the Advance:
Conditions Precedent to Any Advance. The Lenders have no obligation to make any Advance (including the Initial Loan Advance) unless all of the following conditions precedent have been satisfied, to the Agent's satisfaction and in its sole discretion (in which event the Advance shall be made):
Conditions Precedent to Any Advance. Each Request for Advance by Borrower shall be deemed to be a restatement by Borrower, on such date, that all representations and warranties set forth in Article VI of this Agreement are true and correct in all material respects as of such date as if then made (except to the extent any such representation and warranty related solely to an earlier date). In addition, prior to any Advance, other than a deemed Advance upon payment under a Letter of Credit, Administrative Agent shall be satisfied of the following:
Conditions Precedent to Any Advance. FOR PERMITTED ACQUISITIONS OR RECURRING CAPITAL EXPENDITURES. Prior to the making of any Advance for any Permitted Acquisitions or Recurring Capital Expenditures or any other purchase of Equipment or Inventory, in addition to the other Conditions Precedent in Sections 5.01 and 5.02 above, Administrative Agent shall be satisfied that (a) Borrower will be obtaining good title thereto, free and clear of all liens and encumbrances, (b) Administrative Agent will obtain a first priority lien in and on such Equipment, Inventory or other assets pursuant to the terms of this Agreement and the Security Instruments, and (c) the value of such Equipment, Inventory or other assets is at least equal to the Advance being requested by Borrower therefor.
Conditions Precedent to Any Advance. If the Borrower is unable to satisfy any condition precedent to its rights to receive an advance of Loan proceeds for a period in excess of thirty (30) days. The election of the Borrower not to receive a draw advance shall not be deemed an Event of Default hereunder.
