Conditions to the Initial Loan Sample Clauses

Conditions to the Initial Loan. The obligation of the Bank to make the initial Loan hereunder is subject to the following conditions precedent:
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Conditions to the Initial Loan. The making of the initial Loan is subject to the fulfillment of the following conditions precedent in a manner satisfactory to the Lender on or before the Closing Date (all documents and certificates (other than the Note) being delivered in sufficient copies to enable delivery to the Lender):
Sample 1
Conditions to the Initial Loan. The obligation of the Bank to make the initial Loan on the Closing Date shall be subject to the fulfillment (to the satisfaction of the Bank) of the following conditions precedent:
Sample 1
Conditions to the Initial Loan. The Lenders shall have no obligation to make the Initial Loan until, and shall make the Initial Loan when, each of the following conditions shall have been satisfied (the "Funding Date"); provided, however, that the Funding Date shall have occurred within thirty (30) days of the Effective Date;
Sample 1
Conditions to the Initial Loan. Each Class A Lender will have no obligation to make the Class A Loans hereunder, and each Class B Lender will have no obligation to make the Class B Loans hereunder, unless:
Sample 1
Conditions to the Initial Loan. The obligation of the Bank to ------------------------------ make the initial Loan hereunder is subject to the condition that (A) prior thereto or concurrently therewith (1) the Borrowers shall have paid to the Bank the Up-Front Fee, and (2) the Borrowers shall have paid the invoices submitted by the Bank's counsel for all fees and disbursements of such counsel in connection with this Agreement and the transactions contemplated thereby, and (B) on or before the initial Borrowing Date, the Bank shall have received each of the following documents and instruments (in form and substance satisfactory to the Bank and dated or certified as of the initial Borrowing Date unless otherwise provided herein) at a closing held at the offices of Xxxxxxxx & O'Neil, LLP, 000 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx (or at such other place as shall be agreed to by the Bank and the Borrowers):
Sample 1

Related to Conditions to the Initial Loan

  • Conditions to the Initial Loans No Lender shall be obligated to make any Loan or incur any Letter of Credit Obligations on the Closing Date, or to take, fulfill, or perform any other action hereunder, until the following conditions have been satisfied or provided for in a manner satisfactory to Agent, or waived in writing by Agent and Lenders:

  • Conditions Precedent to the Initial Advance The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received and approved on or before the Closing Date (other than with respect to paragraph (10) below which shall be required prior to the Initial Advance) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions to Initial Loan The obligation of each Bank to make its initial Loan hereunder is subject to the satisfaction of the following conditions precedent:

  • Conditions to Initial Advance Lender shall have no obligation to make the Initial Advance of funds to Borrower unless and until Contractor has furnished Borrower and Lender the Bond permitted by this Contract, and the following conditions have been satisfied:

  • Conditions to Initial Loans The agreement of each Lender to make Loans hereunder and the effectiveness of this Agreement is subject to the satisfaction, prior to or on the Closing Date, of the following conditions precedent, which conditions precedent apply to and shall be satisfied by the Borrower:

  • Conditions to Initial Advances The agreement of Lenders to make the initial Advances requested to be made on the Closing Date is subject to the satisfaction, or waiver by Agent, immediately prior to or concurrently with the making of such Advances, of the following conditions precedent:

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make the initial extensions of credit provided for hereunder is subject to the fulfillment, to the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extensions of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Conditions Precedent to Initial Loan The obligation of Lender to make the initial Loan is subject to the condition precedent that Lender shall have received, in form and substance satisfactory to Lender, all of the following:

  • Conditions to the Initial Purchasers’ Obligations The several obligations of the Initial Purchasers to purchase and pay for the Firm Securities on the Closing Date are subject to the following conditions:

  • Conditions Precedent to Initial Advance The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

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