Common use of Conditions Precedent to Initial Loan Clause in Contracts

Conditions Precedent to Initial Loan. As a condition precedent to the effectiveness of this Agreement and the obligation of the Lender to make any Loan on the Closing Date, the Lender must receive the following from the Borrower in form satisfactory to the Lender:

Conditions Precedent to Initial Loan. As a condition precedent to the effectiveness of this Agreement and the The obligation of the Lender to make any the initial Loan to Borrower under this Agreement on the Closing Date, Date is subject to the Lender must receive satisfaction or waiver of the following from the Borrower conditions precedent (in form form, substance and action as is satisfactory to the Lender:, in its sole discretion):