Common use of CONDITIONS PRECEDENT TO MAKING OF LOANS Clause in Contracts

CONDITIONS PRECEDENT TO MAKING OF LOANS. The obligation of the BANK to make any Loan and make disbursements and advances of the proceeds of the same to the BORROWER is subject to the satisfaction by the BORROWER or its representatives of the following conditions precedent with respect to such Loan: (1) BORROWER has executed and delivered all of the Loan Documents deemed appropriate and necessary by the BANK, in form and substance satisfactory to the BANK, including, but not limited to, the documents described on the Closing Agenda attached hereto as Schedule C; (2) the BORROWER's warranties and representations ---------- as contained herein and in the Loan Documents shall be accurate and complete and BANK has received satisfactory evidence of the same, including, at BANK's option, an opinion of BORROWER's legal counsel to that effect; and (3) the BORROWER shall not be in default under any of the covenants, warranties, representations, terms, or conditions contained in this Agreement or in the Loan Documents as of the date of entering into such Loan and as of the date of each disbursement and advance thereunder.

CONDITIONS PRECEDENT TO MAKING OF LOANS. The obligation of the BANK to make any Loan and make disbursements and advances of the proceeds of the same to the BORROWER is subject to the satisfaction by the BORROWER or its representatives of the following conditions precedent with respect to such Loan: (1) the BORROWER has and the Guarantor have executed and delivered all of the Loan Documents deemed appropriate and necessary by the BANK, in form and substance satisfactory to the BANK, including, but not limited to, the documents described on the Closing Agenda attached hereto as Schedule C; (2) the BORROWER's and Guarantor's warranties and representations ---------- as contained herein and in the Loan Documents shall be accurate and complete and complete; (3) BANK has shall have received satisfactory evidence of the same, including, at BANK's option, an opinion of BORROWER's and Guarantor's legal counsel in form and substance satisfactory to that effectthe BANK; and (34) the BORROWER and Guarantor shall not be in default under any of the covenants, warranties, representations, terms, or conditions contained in this Agreement or in the Loan Documents as of the date of entering into such Loan and as of the date of each disbursement and advance thereunder.

CONDITIONS PRECEDENT TO MAKING OF LOANS. The obligation of the BANK to make any Loan and make disbursements and advances of the proceeds of the same to the BORROWER is subject to the satisfaction by the BORROWER BORROWER, GUARANTOR, or its their representatives of the following conditions precedent with respect to such Loan: (1) the BORROWER has and GUARANTOR have executed and delivered all of the Loan Documents deemed appropriate and necessary by the BANKBANK in its discretion, in form and substance satisfactory to the BANK, including, but not limited to, the documents described on the Closing Agenda attached hereto as Schedule C; (2) the BORROWER's ’s and GUARANTOR’s warranties and representations ---------- as contained herein and in the Loan Documents shall be accurate and complete and in all material respects; (3) BANK has received a satisfactory evidence of the same, including, at BANK's option, an opinion of BORROWER's ’s and GUARANTOR’s legal counsel in form and substance satisfactory to that effectthe BANK; and (34) the neither BORROWER nor GUARANTOR shall not be in default under any of the covenants, warranties, representations, terms, or conditions contained in this Agreement or in the Loan Documents as of the date of entering into closing on such Loan and as of the date of each disbursement and advance thereunder.

CONDITIONS PRECEDENT TO MAKING OF LOANS. The obligation of the BANK to make any Loan and make disbursements and advances of the proceeds of the same to the BORROWER is subject to the satisfaction by the BORROWER or its representatives of the following conditions precedent with respect to such Loan: (1) BORROWER has and the Guarantor have executed and delivered all of the Loan Documents deemed appropriate and necessary by the BANK, in form and substance satisfactory to the BANK, including, but not limited to, the documents described on the Closing Agenda attached hereto as Schedule CIX; (2) the BORROWER's and Guarantor's warranties and representations ---------- as contained herein and in the Loan Documents shall be accurate and complete and BANK has received satisfactory evidence of the same, including, at BANK's option, ; (3) the BANK has received an opinion of BORROWER's and Guarantor's legal counsel in form and substance satisfactory to that effectthe BANK and its legal counsel; and (34) the BORROWER shall not be in default under any of the covenants, warranties, representations, terms, or conditions contained in this Agreement or in the Loan Documents as of the date of entering into such Loan and as of the date of each disbursement and advance thereunder.