Conditions Precedent to Disbursements. Notwithstanding anything in this Agreement to the contrary, the WIFIA Credit Provider shall have no obligation to make any disbursement of WIFIA Credit Facility proceeds to the Borrower (including the initial disbursement hereunder) until each of the following conditions precedent has been satisfied or waived in writing by the WIFIA Credit Provider in its sole discretion:
Appears in 2 contracts
Samples: Wifia Credit Agreement, Wifia Credit Agreement
Conditions Precedent to Disbursements. Notwithstanding anything in this Agreement to the contrary, the WIFIA Credit Provider shall have no obligation to make any disbursement of WIFIA Credit Facility proceeds to the Borrower City (including the initial disbursement hereunder) until each of the following conditions precedent has been satisfied or waived in writing by the WIFIA Credit Provider in its sole discretion:
Appears in 2 contracts
Samples: Wifia Credit Agreement, Wifia Credit Agreement
