Conditions to First Loan. The obligation of Lender to make its first Loan hereunder is, in addition to the conditions precedent specified in Section 4.2 and in any Supplement, subject to the fulfillment of the following conditions and to the receipt by Lender of the documents described below, duly executed and in form and substance satisfactory to Lender and its counsel:
Conditions to First Loan. In addition to the conditions to all Loans as provided in ss.4.1, the obligation of the Bank to make the first Loan hereunder is conditioned upon the following:
Conditions to First Loan. The obligations of the Lender under this Agreement are subject to the occurrence, prior to or on the date of the initial Loan hereunder, of each of the following conditions, any or all of which may be waived in whole or in part by the Lender in writing:
Conditions to First Loan. In addition to the conditions to all Loans and Standby Letters of Credit as provided in Section , the obligation of each Bank to make its first Loan is conditioned upon the following:
Conditions to First Loan. The obligation of the Bank to ------------------------ make its first advance on the Loan under the $10,000,000 Note is subject to the satisfaction of the following conditions precedent:
Conditions to First Loan. The obligation of the Lender to disburse any portion of the first Loan shall be subject to the prior or contemporaneous satisfaction of each of the following conditions precedent:
Conditions to First Loan. In addition to the conditions set forth in Section 4.1, the obligation of each Bank to make the first Loan hereunder is conditioned upon the following:
Conditions to First Loan. In addition to the conditions to all Loans and Letters of Credit as provided in Section 4.1, the obligation of each Bank to make the first Loan is conditioned upon the following: (a Articles, Bylaws. Each Bank shall have received copies of the Articles or Certificate of Incorporation and Bylaws of AeroCentury certified by its Secretary or Assistant Secretary; together with Certificate of Good Standing from any jurisdiction where the nature of its business or the ownership of its properties requires such qualification except where the failure to be so qualified would not have a Material Adverse Effect.
Conditions to First Loan. The obligation of the Bank to make its first Loan under the Working Capital Commitment is subject to the satisfaction of the following conditions precedent:
Conditions to First Loan. The obligation of Lender to make the First Loan hereunder shall be subject to the fulfillment (to the satisfaction of Lender) of the following conditions precedent (provided that if all conditions contained herein are not satisfied by September 30, 1996 (or any portion thereof), Lender shall have no obligation whatsoever to make the Loan and shall have no liability for its refusal to do so).
