Common use of CONDITIONS PRECEDENT TO DISBURSEMENT OF THE LOAN Clause in Contracts

CONDITIONS PRECEDENT TO DISBURSEMENT OF THE LOAN. 4.1 (a) Utilisation of Borrowers Contribution:The Borrower assuresAUSFB that the Borrower has, prior to receiving the disbursement of the Loan this day as aforesaid utilised his own contribution i.e. the cost of the property less AUSFB's Loan.

CONDITIONS PRECEDENT TO DISBURSEMENT OF THE LOAN. 4.1 (a) Utilisation of Borrowers Contribution:: The Borrower assuresAUSFB assures the Bank that the Borrower he has, prior to receiving the disbursement of the Loan this day as aforesaid utilised his own contribution i.e. the cost of the property less AUSFBthe Bank's Loan.