Conditions Precedent to Initial Disbursement. Lender shall have no obligation to make the first disbursement (the “Initial Disbursement”) of the proceeds of the Loan until Borrower has satisfied all other requirements and conditions precedent contained herein for any disbursement of any proceeds of the Loan.
Conditions Precedent to Initial Disbursement. Subject to the terms and conditions of this Agreement, Lender agrees to approve the disbursement of proceeds of the Loans (each disbursement of funds to be referred to as a “Disbursement”) for Project Costs set forth on a Draw Request. Lender’s approval of the initial Draw Request (the “Initial Disbursement”) shall be subject to the satisfaction of all of the conditions for closing set forth in Section 3.1 and receipt of the following by Lender, each in form and substance acceptable to Lender and satisfaction of the following conditions precedent, unless the requirement is waived in writing by the Lender:
Conditions Precedent to Initial Disbursement. In conjunction with and as additional (but independent) supporting evidence for certain of the covenants, representations and warranties made by Borrower herein, prior to and as a condition of the Initial Disbursement, Borrower shall deliver or cause to be delivered to Lender each of the following, each of which shall be in form and substance satisfactory to Lender, in its sole and absolute discretion:
Conditions Precedent to Initial Disbursement. Borrower shall comply with, and Lender's obligation to disburse the first Loan Advance shall be conditioned upon Borrower's performance of the following conditions precedent:
Conditions Precedent to Initial Disbursement. Each Participating Municipality agrees to submit to Treasury the opinions of counsel required by Section 3.3 of the Allocation Agreement as a condition precedent to the initial Disbursement of Allocated Funds.
Conditions Precedent to Initial Disbursement. (a) The obligation of the Bank to make the Loan and make disbursements of the proceeds of the same to the Borrower is subject to the satisfaction by the Borrower or its representatives of the following conditions precedent (unless waived by the Bank in each particular instance):
Conditions Precedent to Initial Disbursement. The obligation of JBIC to make the initial JBIC Disbursement under this Agreement shall be subject to (a) the fulfillment, in a manner satisfactory to JBIC, prior to or concurrently with the making of such initial JBIC Disbursement, of the conditions precedent set forth in Section 5.01 of the Master Participation Agreement (or waiver thereof in accordance with Section 5.01 of the Master Participation Agreement), which conditions are incorporated by reference herein as if fully set forth herein; (b) the fulfillment of the conditions set out in clause (1) of Annex A attached hereto (or waiver thereof by JBIC in accordance with Section 5.01 of the Master Participation Agreement); and (c) with respect to any JBIC Disbursement of Tranche B, the JBIC Agent shall have received the corresponding portion of Tranche B from each JBIC Tranche B Funding Source Bank.
Conditions Precedent to Initial Disbursement. No Facility Funds shall be disbursed pursuant to this Agreement until and unless Purchaser has submitted the following to IBank:
Conditions Precedent to Initial Disbursement. Prior to the first disbursement or to th0 issuanco of the first Lettor of Commitment under the Loan, the Borrower shall, except as A.I.D. may otherwise agree in writing, f urnish to A.I.D. in form c1.nd substance satisfactory to A.I.D.i
Conditions Precedent to Initial Disbursement. The obligations of Lender to make the First Disbursement are subject to the satisfaction of the following conditions precedent:
