Additional Conditions to Borrowing Sample Clauses

Additional Conditions to Borrowing. The obligation of each Lender to make its Loan or Loans hereunder on the Borrowing Date is also subject to further conditions precedent that both immediately prior to the making of such Loan or Loans and also after giving effect thereto and to the intended use thereof:
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Additional Conditions to Borrowing. The obligation of each Lender to make any Borrowing is subject to the following conditions precedent:
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Additional Conditions to Borrowing. The obligation of each Lender to make its Loan on the Borrowing Date is also subject to the following conditions precedent that (i) at least three (3) Business Days prior to the Borrowing Date, the Borrower shall have delivered to the Administrative Agent the Notice of Borrowing in accordance with Section 2.02 hereof, together with a true and correct copy of Exchange Form No. 6 (Registration of Foreign Indebtedness) in connection with the Loans, duly and timely filed and registered with Banco de la República de Colombia, (ii) on or prior to the Borrowing Date, the Borrower shall have delivered to the Administrative Agent a duly executed certificate of the Borrower, in substantially the form of Exhibit D hereto, (iii) on or prior to the Borrowing Date, the Borrower shall have delivered, for the account of such Lender (to the extent that it has requested the same), a duly executed Note payable to the order of such Lender in the principal amount of the Loan of such Lender, (iv) on or prior to the Borrowing Date, the Borrower shall have delivered to the Administrative Agent evidence, in form and substance satisfactory to the Lenders, of the receipt by the Borrower of at least 2,000,000,000,000 Colombian pesos in net proceeds from a debt issuance which is mandatorily convertible into equity of the Borrower, (v) on or prior to the Borrowing Date, the Administrative Agent shall have received payment by or on behalf of the Borrower of all documented fees and expenses of the Administrative Agent, the Lead Arrangers and the Lenders and of the expenses under Section 11.03 hereof (including, without limitation, the reasonable fees and expenses of counsel to the Administrative Agent, in connection with the negotiation, preparation, execution and delivery of the Loan Documents and the making of the Loans hereunder, and also including all stamp taxes or similar taxes in connection with the Loan Documents), in each case to the extent then due and payable, (vi) on or prior to the Borrowing Date, the Administrative Agent shall have received: (A) an opinion, dated as of the Borrowing Date, of Xxxxxx & Xxxxxxxxx, special Colombian counsel to the Borrower, in substantially the form of Exhibit E hereto; -22- (B) an opinion, dated as of the Borrowing Date, of Xxxxx Xxxx & Xxxxxxxx LLP, special New York counsel to the Borrower, in substantially the form of Exhibit F hereto; (C) an opinion, dated as of the Borrowing Date, of Brigard & Xxxxxxx, special Colombian counsel to the Admi...
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Additional Conditions to Borrowing. The obligation of each Lender to make its Loan is also subject to further conditions precedent that the Administrative Agent shall have received the Notes, if any, in accordance with Section 2.06 and that both immediately prior to the making of such Loan and after giving effect thereto and to the intended use thereof:
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Additional Conditions to Borrowing. Except as otherwise expressly provided herein, no Lender shall be obligated to fund any portion of the Term Loan, if, as of the date thereof:
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Additional Conditions to Borrowing. The obligation of each Lender to fund the Borrowing shall be subject to the satisfaction of each of the conditions precedent set forth in this Section.
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Related to Additional Conditions to Borrowing

  • Conditions to Borrowing The Bank will not be obligated to make (or continue to make) advances hereunder unless (i) the Bank has received executed originals of the Note and all other documents or agreements applicable to the loans described herein, including but not limited to the documents specified in Article III (collectively with this Agreement the “Loan Documents”), in form and content satisfactory to the Bank; (ii) if the loan is secured, the Bank has received confirmation satisfactory to it that the Bank has a properly perfected security interest, mortgage or lien, with the proper priority; (iii) the Bank has received certified copies of the Borrower’s governance documents and certification of entity status satisfactory to the Bank and all other relevant documents; (iv) the Bank has received a certified copy of a resolution or authorization in form and content satisfactory to the Bank authorizing the loan and all acts contemplated by this Agreement and all related documents, and confirmation of proper authorization of all guaranties and other acts of third parties contemplated hereunder; (v) if required by the Bank, the Bank has been provided with an Opinion of the Borrower’s counsel in form and content satisfactory to the Bank confirming the matters outlined in Section 2.2 and such other matters as the Bank requests; (vi) no default exists under this Agreement or under any other Loan Documents, or under any other agreements by and between the Borrower and the Bank; and (vii) all proceedings taken in connection with the transactions contemplated by this Agreement (including any required environmental assessments), and all instruments, authorizations and other documents applicable thereto, are satisfactory to the Bank and its counsel.

  • Conditions to Initial Borrowing The obligation of each Lender to extend credit to the Borrower and of each Issuing Bank to issue Letters of Credit hereunder on the Closing Date is subject only to the satisfaction, or waiver in accordance with Section 11.01, of each of the following conditions precedent, except as otherwise agreed between the Borrower and the Required Lenders:

  • 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 TO BORROWINGS The obligations of each Lender to make Advances to Borrower hereunder is subject to the satisfaction of the following conditions:

  • Conditions to Each Borrowing The obligation of each Lender to make a Loan as part of any Borrowing (including the first Borrowing) is also subject to satisfaction of the following further conditions precedent on the applicable Borrowing Date:

  • Additional Conditions to Letters of Credit If the issuance of a Letter of Credit is requested, all conditions set forth in Section 2.3 shall have been satisfied.

  • Conditions to Initial Extension of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • 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

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