Construction Loans. The obligation of each Lender to make available Construction Loans on any Borrowing Date, including the Closing Date, shall be subject to the fulfillment of, or waiver in the discretion of the Majority Lenders, of each of the following conditions precedent, together with the conditions as set forth in Section 4.3:
Appears in 3 contracts
Sources: Credit Agreement (Flag Telecom Holdings LTD), Credit Agreement (Global Telesystems Group Inc), Credit Agreement (Flag Telecom Holdings LTD)