Conditions to Term Loans and Initial Revolving Loans Sample Clauses

Conditions to Term Loans and Initial Revolving Loans. The obligations of Lenders to make the initial Loan, in addition to the conditions precedent specified in subsection 4.2, 4.3 and 4.4, as applicable, are subject to prior or concurrent satisfaction of the following conditions: A. Deed of Trust; Mortgage Policy; Etc. Administrative Agent shall have received from Borrowers: (i) Mall Lease, and Billboard Master Lease. Evidence that the Mall Lease and the Billboard Master Lease shall have been properly executed and that the Mall Lease and the Billboard Master Lease or memoranda thereof, have been duly recorded in the appropriate filing or recording office in the jurisdiction in which the Mortgaged Property is located or that the Mall Lease and the Billboard Master Lease or memoranda thereof have been irrevocably delivered to Title Company for such recordation.

Conditions to Term Loans and Initial Revolving Loans. The obligations of Lenders to make the Term Loans and any Revolving Loans to be made on the Closing Date are, in addition to the conditions precedent specified in subsection 3.2, subject to prior or concurrent satisfaction of the following conditions: A. LOAN PARTY DOCUMENTS. On or before the Closing Date, Company shall, and shall cause each other Loan Party to, deliver to Lenders (or to Administrative Agent with sufficient originally executed copies, where appropriate, for each Lender) the following with respect to Company or such other Loan Party, as the case may be, each, unless otherwise noted, dated the Closing Date: (i) Copies of the Organizational Documents of such Person, certified by the Secretary of State of its jurisdiction of organization (or other applicable authority) or, if such document is of a type that may not be so certified, certified by the secretary or similar officer of such Person, together with a good standing certificate from the Secretary of State of its jurisdiction of organization (if available from such jurisdiction) and, to the extent generally available, a certificate or other evidence of good standing as to payment of any applicable franchise or similar taxes from the appropriate taxing authority of such jurisdiction, each dated a recent date prior to the Closing Date; (ii) Resolutions of the Governing Body of such Person approving and authorizing the execution, delivery and performance of the Loan Documents to which it is a party, certified as of the Closing Date by the secretary or similar officer of such Person as being in full force and effect without modification or amendment; (iii) Signature and incumbency certificates of the officers of such Person executing the Loan Documents to which it is a party; (iv) Executed originals of the Loan Documents to which such Person is a party; PROVIDED that the Australian Loan Notes shall be delivered immediately after the making of the initial Australian Loans; and (v) Such other customary documents as Agents may reasonably request. B. FEES. Domestic Borrowers shall have paid to Administrative Agent, for distribution (as appropriate) to Lenders, Agents and Arrangers, the fees payable on the Closing Date referred to in subsection 2.3.

Conditions to Term Loans and Initial Revolving Loans. The obligations of Lenders to make the Term Loans and any Revolving Loans to be made on the Closing Date are, in addition to the conditions precedent specified in subsection 3.2, subject to prior or concurrent satisfaction of the following conditions: A. LOAN PARTY DOCUMENTS. On or before the Closing Date, Company shall, and shall cause each other Loan Party to, deliver to Lenders (or to Administrative Agent with sufficient originally executed copies, where appropriate, for each Lender) the following with respect to Company or such other Loan Party, as the case may be, each, unless otherwise noted, dated the Closing Date: (i) Copies of the Organizational Documents of such Person, certified by the Secretary of State of its jurisdiction of organization (or other applicable authority) or, if such document is of a type that may not be so certified, certified by the secretary or similar officer of such Person, together with a good standing certificate from the Secretary of State of its jurisdiction of organization (if available from such jurisdiction) and, to the extent generally available, a certificate or other evidence of good standing as to payment of any applicable franchise or similar taxes from the appropriate taxing authority of such jurisdiction, each dated a recent date prior to the Closing Date; (ii) Resolutions of the Governing Body of such Person approving and authorizing the execution, delivery and performance of the Loan Documents to which it is a party, certified as of the Closing Date by the secretary or similar officer of such Person as being in full force and effect without modification or amendment; (iii) Signature and incumbency certificates of the officers of such Person executing the Loan Documents to which it is a party; (iv) Executed originals of the Loan Documents to which such Person is a party; PROVIDED that the Australian Loan Notes shall be delivered immediately after the making of the initial Australian Loans; and (v) Such other customary documents as Agents may reasonably request. B. FEES. Domestic Borrowers shall have paid to Administrative Agent, for distribution (as appropriate) to Lenders, Agents and Arrangers, the fees payable on the Closing Date referred to in subsection 2.3.