Conditions Precedent to Subsequent Disbursements Sample Clauses

Conditions Precedent to Subsequent Disbursements. The disbursement and issuance of subsequent Loans and Letters of Credit shall be subject to the following conditions precedent:
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Conditions Precedent to Subsequent Disbursements. The obligation of the Lender to make the 1st (first) disbursement and each of the subsequent disbursement shall, in addition to the compliance by the Borrower or waiver/ relaxation by the Lender of the conditions stipulated in Article 1.14.1 above and the disbursement procedure stipulated by the Lender, be also subject to the following conditions, namely -
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Conditions Precedent to Subsequent Disbursements. Lender shall have no obligation to make any disbursements for any Improvements until, as to each such disbursement, all of the following conditions precedent are strictly satisfied, substantial completion being insufficient:
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Conditions Precedent to Subsequent Disbursements. Prior to ------------------------------------------------ making any disbursements following the Initial Disbursement, all of the following conditions shall have been satisfied:
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Conditions Precedent to Subsequent Disbursements. The Lender's obligation to make disbursements of Revolving Credit and/or the Draw Facility after the first disbursement shall be conditioned upon the fulfillment prior to the making of each such disbursement, of the conditions set out in Section 6.01 of this Agreement and to the further condition that the representations set out in Section 3.04(a)(8) are true, complete and correct.
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Conditions Precedent to Subsequent Disbursements. Subsequent Loans and disbursements of Loans shall be subject to the following conditions precedent: (a) No Default shall have occurred and be continuing. (b) No material adverse change shall have occurred in the financial condition of any Borrower. (c) All representations and warranties shall be true and correct at the date of such disbursement, both before and after giving effect to such disbursement. The representations and warranties set forth in Section 4.4 shall be deemed to apply to the most recent financial statements delivered to the Lender by the Borrowers. (d) No change shall have occurred in any law or regulations thereunder or interpretations thereof that, in the opinion of counsel for the Lender, would make it illegal for the Lender to make Loans hereunder. (e) If required by the Lender, each Borrower shall have delivered to the Lender a current Borrowing Base Certificate and a current Aging, duly executed by the chief financial officer of such Borrower and appropriately completed. Each borrowing under this Agreement shall be deemed to be a representation and warranty by the Borrowers on the date of such borrowing as to the matters specified in this Section 8.2. Section 8.3.
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Related to Conditions Precedent to Subsequent Disbursements

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to Disbursement The following conditions must be satisfied before the Loan is disbursed to Borrowers:

  • Conditions Precedent to Closing Date The obligation of the Lenders to make each Loan hereunder, and the obligation of the Letter of Credit Issuer to issue Letters of Credit hereunder, in each case, on the Closing Date are subject to the satisfaction on or prior to the Closing Date of each of the following conditions:

  • Conditions Precedent to Funding The obligations of the Lender to make any Advance, are subject to the conditions precedent that the Lender shall have received the following, in form and substance satisfactory to the Lender:

  • Conditions Precedent to Effective Date This Agreement shall become effective on the date (such date, the “Effective Date”) when each of the following conditions is satisfied (or waived) in accordance with the terms herein:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF EACH PARTY The obligations of each Party to effect the Merger and otherwise consummate the Contemplated Transactions to be consummated at the Closing are subject to the satisfaction or, to the extent permitted by applicable Law, the written waiver by each of the Parties, at or prior to the Closing, of each of the following conditions:

  • Conditions Precedent to Closing The obligation of Lender to make the Loan hereunder is subject to the fulfillment by Borrower or waiver by Lender of the following conditions precedent no later than the Closing Date:

  • Conditions Precedent to Seller’s Obligations The obligations of Seller to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Seller:

  • Conditions Precedent to Obligation of Buyer Buyer's obligation to consummate the transactions contemplated by this Agreement is subject to the satisfaction, on or prior to the Closing Date, of each of the following conditions, unless otherwise waived by Buyer in writing:

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