CONDITIONS PRECEDENT TO LENDING definition

CONDITIONS PRECEDENT TO LENDING. Receipt by the Lender of the following, in form and substance satisfactory to Lender.
Sample 1
CONDITIONS PRECEDENT TO LENDING. Each Loan will be subject to the following: 1. No material adverse change in the financial condition, operations or prospects of the Borrower prior to funding. The Lender reserves the right to rescind any unused portion of its commitment in the event of a material adverse change in the financial condition, operation or prospects of the Borrower.
Sample 1
CONDITIONS PRECEDENT TO LENDING o The completion of a successful public offering of the Borrower's common stock, yielding at least $17,000,000 in proceeds, of which 40% will be distributed to Odetics, Inc., as repayment on intercompany debt; o Evidence, satisfactory to Bank, of the perfection of all security interests granted to Bank. o Completion of documentation.
Sample 1

Examples of CONDITIONS PRECEDENT TO LENDING in a sentence

  • CONDITIONS PRECEDENT TO LENDING 85 7.01 Obligation of Lenders 85 7.02 [Intentionally Omitted] 88 7.03 All Loans and Letters of Credit 88 7.04 Qualified Borrower Loans and Letters of Credit 90 7.05 Addition of Feeder Funds 92 SECTION 8.

  • CONDITIONS PRECEDENT TO LENDING 6.1 Obligations of the Lenders 64 6.2 Conditions to all Loans 66 6.3 Conditions to Qualified Borrower Loans 67 SECTION 7.

  • Section 5.1 Liens 52 Section 5.2 The Collateral Accounts; Drawdowns 52 Section 5.3 Agreement to Deliver Additional Collateral Documents 53 Section 5.4 Subordination 53 ARTICLE VI CONDITIONS PRECEDENT TO LENDING.

  • CONDITIONS PRECEDENT TO LENDING 6.1 Obligations of the Lenders 66 6.2 Conditions to all Loans 69 6.3 Conditions to Qualified Borrower Loans 69 SECTION 7.

  • CONDITIONS PRECEDENT TO LENDING: Including but not limited to: 1.) Satisfactory completion of our credit and financial investigation, which at the sole discretion of Bank, shall evidence that all information provided by the Company is accurate.

  • Section 5.1 Liens 53 Section 5.2 The Collateral Accounts; Drawdowns 54 Section 5.3 Agreement to Deliver Additional Collateral Documents 55 Section 5.4 Subordination 55 ARTICLE VI CONDITIONS PRECEDENT TO LENDING.

  • CONDITIONS PRECEDENT TO LENDING 6.1 Obligations of the Lenders 77 6.2 Conditions to all Loans and Letters of Credit 79 6.3 Conditions to Qualified Borrower Loans and Letters of Credit 79 SECTION 7.


More Definitions of CONDITIONS PRECEDENT TO LENDING

CONDITIONS PRECEDENT TO LENDING. Each Loan will be subject to the following: 1. No material adverse change in the financial condition, operations or prospects of the Borrower prior to funding. The Lender reserves the right to rescind any unused portion of its commitment in the event of a material adverse change in the financial condition, operation or prospects of the Borrower. 2. Completion of the documentation and final terms of the proposed financing satisfactory to Lender and Lender's counsel. 3. Results of all due diligence, including lien, judgment and tax search and other matters Lender may request shall be satisfactory to Lender and Lender's counsel. 4. Receipt by Lender of duly executed loan documentation in form and substance satisfactory to Lender and its counsel.
Sample 1

Related to CONDITIONS PRECEDENT TO LENDING

  • Conditions Precedent means delivery to the CfD Counterparty of the following:

  • Funding Conditions means those conditions required to be satisfied prior to or concurrently with the funding of any Future Debt, as follows:

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • Special Conditions means those conditions, if any, set forth in Section 13 of the Loan Authorization Agreement.

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • In-situ conditions means conditions where genetic resources exist within ecosystems and natural habitats, and, in the case of domesticated or cultivated species, in the surroundings where they have developed their distinctive properties [Article 2, CBD].

  • Special Conditions of Contract means any additional conditions of contract agreed between the Parties.

  • Mortgage Conditions means, all the terms and conditions applicable to a Loan, including without limitation those set out in the Seller’s relevant mortgage conditions booklet and the Seller’s relevant general conditions, each as varied from time to time by the relevant Loan agreement between the lender under the Loan and the Borrower, as the same may be amended from time to time, and the relevant Mortgage Deed;

  • Conditions of Approval means condition(s) imposed by the Municipality in the approval of a land development application, including any conditions contained in the annexure(s) and/or plans and/or attachment(s) that form part of the approval and/or are referred to in the approval of the land development application;

  • Litigation Conditions has the meaning set forth in Section 7.2(b).

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • General Conditions means the “International Bank for Reconstruction and Development General Conditions for Loans”, dated July 1, 2005 (as amended through February 12, 2008) with the modifications set forth in Section II of this Appendix.

  • Specific Conditions means the conditions in addition to or in variation of the General Conditions, which the Commission may lay down, specifically for a Trader;

  • Extension Conditions “Extension Fee”, “Extension Notice”, and “Extension Option” have the respective meanings set forth in Section 2.13(a) hereof.

  • Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of a landfill.

  • Additional Conditions means, in relation to any issue of Capital Notes, such conditions (in addition to the conditions specified in the applicable Capital Regulations) as may be prescribed by the Registrar of Banks for the proceeds of the issue of such Notes to qualify as Regulatory Capital, as specified in the Applicable Pricing Supplement;

  • Minimum Extended Summer Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Extended Summer Demand Resources and Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Extended Summer Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Limited Demand Resource Reliability Target for the PJM Region in Unforced Capacity]. For an LDA, the Minimum Extended Summer Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Limited Demand Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

  • General Conditions of Contract means the ‘Instructions to Tenderers’ and ‘General Conditions of Contract’ pertaining to the work for which above tenders have been called for.

  • Insurance Requirements means, collectively, all provisions of the Insurance Policies, all requirements of the issuer of any of the Insurance Policies and all orders, rules, regulations and any other requirements of the National Board of Fire Underwriters (or any other body exercising similar functions) binding upon each Loan Party which is an owner of Mortgaged Property and applicable to the Mortgaged Property or any use or condition thereof.

  • Conditions of Use means Conditions 1 to 10 and the Schedules and Appendices of this document.

  • Terms & Conditions means the Special Conditions of Contract and General Conditions of Contract herein mentioned and other stipulations incorporated in any part of Tender Document and /or Agreement.

  • Refinancing Conditions the following conditions for Refinancing Debt: (a) it is in an aggregate principal amount that does not exceed the principal amount of the Debt being extended, renewed or refinanced; (b) it has a final maturity no sooner than, a weighted average life no less than, and an interest rate no greater than, the Debt being extended, renewed or refinanced; (c) it is subordinated to the Obligations at least to the same extent as the Debt being extended, renewed or refinanced; (d) the representations, covenants and defaults applicable to it are no less favorable to Borrowers than those applicable to the Debt being extended, renewed or refinanced; (e) no additional Lien is granted to secure it; (f) no additional Person is obligated on such Debt; and (g) upon giving effect to it, no Default or Event of Default exists.

  • Step Down Conditions As of the first Distribution Date as to which any decrease in any Senior Prepayment Percentage applies, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure) (averaged over the preceding six month period), as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the tenth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the twelfth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the thirteenth anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the fourteenth anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • Supplemental Conditions means those terms and conditions, if included in the Agreement by mutual written agreement of the Parties, which add to or modify the Agreement and are incorporated by reference as if fully set forth in the Agreement. In the case of a conflict between the Supplemental Conditions and the Agreement, the Supplemental Conditions shall prevail.

  • Conditions means the standard terms and conditions of sale set out in this document and (unless the context otherwise requires) includes any special terms and conditions agreed in writing between the Buyer and the Seller.

  • Special Condition means an additional airworthiness standard(s) prescribed by the FAA or EASA when the airworthiness standards for the category of product do not contain adequate or appropriate safety standards due to novel or unusual design features. Special Conditions contain such safety standards as the FAA or EASA find necessary to establish a level of safety equivalent to that established in the applicable regulations.