Conditions Precedent to Making of Advances Sample Clauses

Conditions Precedent to Making of Advances. In addition to the conditions set forth in Section 3 above, the making of any additional Advance under the Term Loan shall be subject to the following conditions:
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Conditions Precedent to Making of Advances. The obligation of the Bank to make an Advance on any date is subject to the conditions precedent that on the date of such Advance (i) the Bank shall have received a Request for Advance as provided in Section 2.03(c) hereof specifying whether such Advance will be a Tax-Exempt Loan or a Taxable Loan and the initial LIBOR Period applicable thereto; provided, that with respect to a Tax-Exempt Loan, the Department shall also specify whether such Tax-Exempt Loan will be a Governmental Loan or a Private Activity Loan, (ii) all representations and warranties of the Department as set forth in Article IV hereof are true and correct as though made on the date of such Request for Advance and on the date of the proposed Advance and no Default or Event of Default shall have occurred and be continuing, (iii) any representations or certifications the Bank deems necessary to maintain the tax-exempt status of the interest on Tax-Exempt Loan, (iv) the Bank shall be satisfied that the opinion of Bond Counsel delivered pursuant to Section 5.01(c) hereof remains in full force and effect, and (v) the Commitment and the obligation of the Bank to make an Advance hereunder shall not have terminated pursuant to Section 7.02 hereof. Unless the Department shall have otherwise previously advised the Bank in writing, delivery to the Bank of a Request for Advance shall be deemed to constitute a representation and warranty by the Department that on the date of such Request for Advance and on the date of the proposed Advance each of the foregoing conditions has been satisfied.
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Conditions Precedent to Making of Advances. As conditions precedent to the making of advances hereunder:
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Conditions Precedent to Making of Advances. (a) Prior to making the Advance, Xxxxxx shall have received the following:
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Related to Conditions Precedent to Making of Advances

  • Conditions Precedent to All Borrowings The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to Advances Notwithstanding any other provision of this Agreement, no Loan proceeds, Revolving Credit Loans, advances or other extensions of credit under the Loan shall be disbursed under this Agreement unless the following conditions have been satisfied or waived immediately before such disbursement:

  • Conditions Precedent to Each Borrowing The obligation of each Lender to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing the following statements shall be true (and each of the giving of the applicable Borrowing Notice and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Borrowing such statements are true):

  • Conditions Precedent to All Loans Each Lender’s obligations to make each Loan is subject to the following conditions precedent:

  • Conditions Precedent to All Advances The obligation of Bank to make each Advance, including the initial Advance, is further subject to the following conditions:

  • Conditions Precedent to Borrowings 5.1 Conditions Precedent to the Initial Borrowing of TBC 37 5.2 Conditions Precedent to Each Committed Borrowing of TBC 38 5.3 Conditions Precedent to Each Bid Borrowing of TBC 38 5.4 Conditions Precedent to the Initial Borrowing of a Subsidiary Borrower 39 5.5 Conditions Precedent to Each Committed Borrowing of a Subsidiary Borrower 39 5.6 Conditions Precedent to Each Bid Borrowing of a Subsidiary Borrower 40

  • Conditions Precedent to Borrowing The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, prior to the date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of Advances requested.

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

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