Common use of Conditions to Initial Disbursement of Loans Clause in Contracts

Conditions to Initial Disbursement of Loans. The obligation of any Lender to make its initial Loan shall be subject to the following conditions precedent that the Administrative Agent shall have received, or shall have waived receipt of, each of which shall be in form and substance satisfactory to the Administrative Agent (acting on the instructions of all Lenders), and the other conditions set forth below shall have been satisfied or waived by the Administrative Agent (acting on the instructions of all Lenders):

Conditions to Initial Disbursement of Loans. The obligation of any Lender to make its initial Loan shall be subject to the following conditions precedent that the Administrative Agent shall have received, or shall have waived receipt of, the following, each of which shall be in form and substance satisfactory to the Administrative Agent (acting on the instructions of all Lenders), and that the other conditions set forth below shall have been satisfied or waived by the Administrative Agent (acting on the instructions of all Lenders):