Conditions Precedent to the Initial Disbursement. The obligation of the BANK to make its initial disbursement under the CONSTRUCTION LOAN is subject to the condition precedent that the BORROWER shall be in compliance with the conditions set forth in Section 4.2 of this AGREEMENT and to the further condition precedent that the BANK shall have received on or before the CLOSING all of the following, each dated (unless otherwise indicated) such day, in form and substance satisfactory to the BANK:
Conditions Precedent to the Initial Disbursement. Unless waived or deferred by MCC in writing, the conditions set forth in this Section 5.2 and the conditions set forth in Section 5.3 must have been met to MCC’s satisfaction prior to the initial Disbursement of the Grant:
Conditions Precedent to the Initial Disbursement. The obligation of BANKS to make the initial disbursement under the CONSTRUCTION LOAN is subject to the condition precedent, unless waived by the ADMINISTRATIVE AGENT, that BORROWER shall be in compliance with the conditions set forth in Section 4.2 of this AGREEMENT and to the further condition precedent that, unless waived by ADMINISTRATIVE AGENT in writing in the POST-CLOSING LETTER (as defined below in Section 8.13), ADMINISTRATIVE AGENT shall have received on or before the CLOSING all of the following, each dated (unless otherwise indicated) the day of CLOSING, in form and substance satisfactory to ADMINISTRATIVE AGENT:
Conditions Precedent to the Initial Disbursement. Lender’s obligation to make the Initial Disbursement or take any other action under the Loan Documents shall be subject at all times to satisfaction of each of the following conditions precedent:
Conditions Precedent to the Initial Disbursement. Ex-Im Bank’s obligation to make the initial Disbursement is subject to the condition precedent that Ex-Im Bank shall have received, in form and substance satisfactory to Ex-Im Bank, such documents, and completion of such other matters, as Ex-Im Bank may reasonably deem necessary or appropriate, including each of the documents listed in the closing checklist attached as Exhibit D hereto (to the extent not duplicative of the following) and the following:
Conditions Precedent to the Initial Disbursement. Prior to the Initial Disbursement (i) all the representations and warranties made in Article 5 below shall remain true and correct in all material respects, and (ii) there shall be no event of default under any of the Senior Loan Documents. In addition, the Borrower shall furnish, or cause to be furnished, to the Lender the following, in form and substance reasonably satisfactory to the Lender and counsel for the Lender:
Conditions Precedent to the Initial Disbursement. BORROWER previously provided the following documents to BANK:
Conditions Precedent to the Initial Disbursement. The obligation of BANKS to fund the TERM LOAN and make an initial Advance under the REVOLVING LOAN is subject to the condition precedent, unless waived by the ADMINISTRATIVE AGENT, that ADMINISTRATIVE AGENT shall have received on or before the CLOSING all of the following, each dated (unless otherwise indicated) the day of CLOSING, in form and substance satisfactory to ADMINISTRATIVE AGENT:
Conditions Precedent to the Initial Disbursement. MCC’s approval of the initial Disbursement Request will be subject to the satisfaction of each of the following conditions (except as such conditions may be waived or deferred by MCC in its sole discretion):
Conditions Precedent to the Initial Disbursement. The obligation of each Bank to make disbursement of its portion of the initial Loans hereunder is subject to the conditions precedent that each Bank shall have received on or before the Closing Date all of the following, in form and substance satisfactory to each Bank:
