Common use of Initial Conditions Clause in Contracts

Initial Conditions. As a condition precedent to the Lender's obligation to make the initial Loan hereunder, the Lender shall have received the following items in form and substance satisfactory to it:

Appears in 3 contracts

Sources: Credit Agreement (Northstar Realty Finance Corp.), Credit Agreement (NorthStar Asset Management Group Inc.), Credit Agreement (NorthStar Asset Management Group Inc.)

Initial Conditions. As a condition precedent to the Lender's ’s obligation to make the initial Loan hereunder, the Lender shall have received the following items in form and substance satisfactory to it, unless otherwise waived by the Lender:

Appears in 1 contract

Sources: Credit Agreement (Luminent Mortgage Capital Inc)