CONDITIONS PRECEDENT TO THE COMPLETION ADVANCE WITH RESPECT TO A UNIT Sample Clauses

CONDITIONS PRECEDENT TO THE COMPLETION ADVANCE WITH RESPECT TO A UNIT. Owner's obligation to make the Completion Advance with respect to a Unit shall be subject to the satisfaction of the conditions set forth in this Section 7 and to the receipt by Owner and any Assignee of the documents set forth in this Section 7, in each case in form and substance reasonably satisfactory to Owner and Assignee. The proceeds of the Completion Advance shall be used to pay in full all costs relating to completion of such Unit for which Agent has not been reimbursed prior to the Effective Date for the Unit. Owner shall determine whether the foregoing conditions are met within seven (7) Business Days after its receipt of the Certificate of Increased Cost and its attachments. The following are the documents to be received by Owner and any Assignee and the conditions to be satisfied:
Sample 1
AutoNDA by SimpleDocs
CONDITIONS PRECEDENT TO THE COMPLETION ADVANCE WITH RESPECT TO A UNIT. Owner's obligation to make the Completion Advance with respect to a Unit shall be subject to the satisfaction of the conditions set forth in this Section 7 and to the receipt by Owner and any Assignee of the documents set forth in this Section 7, in each case in form and substance reasonably satisfactory to Owner and Assignee. The proceeds of the Completion Advance shall be used to pay in full all costs relating to completion of such Unit for which Agent has received invoices subsequent to such Effective Date. Owner shall have at least seven (7) Business Days to review the Certificate of Increased Cost and its attachments prior to making the Completion Advance. The following are the documents to be received by Owner and any Assignee and the conditions to be satisfied:
Sample 1
CONDITIONS PRECEDENT TO THE COMPLETION ADVANCE WITH RESPECT TO A UNIT. Owner's obligation to make the Completion Advance with respect to a Unit shall be subject to the satisfaction of the conditions set forth in this Section 7 and to the receipt by Owner and any Assignee of the documents set forth in this Section 7, in each case in form and substance reasonably satisfactory to Owner and Assignee. The amount of the Completion Advance shall not cause the Unit Acquisition Cost of a Unit to exceed the Unit Budget. The proceeds of the Completion Advance shall be used to pay in full all costs relating to completion of such Unit for which Agent has received invoices subsequent to such Effective Date. Owner and any Assignee shall have at least five (5) Business Days to review the Certificate of Increased Cost and its attachments prior to making the Completion Advance. The following are the documents to be received by Owner and any Assignee and the conditions to be satisfied:
Sample 1

Related to CONDITIONS PRECEDENT TO THE COMPLETION ADVANCE WITH RESPECT TO A UNIT

  • Conditions Precedent to the Initial Advance The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received and approved on or before the Closing Date (other than with respect to paragraph (10) below which shall be required prior to the Initial Advance) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions Precedent to All Advances The obligation of Bank to make each Advance, including the initial Advance, is further subject to the following conditions:

  • Conditions Precedent to the Loan 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 the Right of the Company to Deliver an Advance Notice The right of the Company to deliver an Advance Notice and the obligations of the Investor hereunder with respect to an Advance are subject to the satisfaction or waiver, on each Advance Notice Date (a “Condition Satisfaction Date”), of each of the following conditions:

  • Conditions Precedent to the Loans The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received on or before the Execution Date (other than with respect to paragraphs (11), (14) and (18) below, which shall be required by the Closing Date) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions Precedent to Advances Notwithstanding any other provision of this Agreement, no Loan proceeds, Revolving Credit Loans, advances or other extensions of credit under the Loan shall be disbursed under this Agreement unless the following conditions have been satisfied or waived immediately before such disbursement:

  • 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 the Closing 12 7.1. Consents; Stockholder Approval .................................. 12 7.2. No Suits or Actions ............................................. 12 ARTICLE VIII - MISCELLANEOUS................................................. 12

  • Conditions Precedent to the Closing Date The obligation of the Lenders to execute this Agreement and make any requested Loans on the Closing Date is subject to the prior satisfaction of each of the following conditions (unless waived in writing by Administrative Agent with the consent of the Lenders):

  • Conditions Precedent to the Consummation of the Purchase ---------------------------- The following are conditions precedent to the consummation of the Agreement on or before the Closing Date:

Time is Money Join Law Insider Premium to draft better contracts faster.