Applicable Funding Condition Sample Clauses
The Applicable Funding Condition clause defines the specific requirements or criteria that must be satisfied before funds are disbursed under an agreement. Typically, this clause outlines conditions such as the completion of due diligence, receipt of necessary approvals, or fulfillment of certain milestones by the recipient. By clearly stating these prerequisites, the clause ensures that funding is only provided when agreed-upon standards are met, thereby protecting the interests of the funding party and reducing the risk of premature or inappropriate disbursement.
Applicable Funding Condition. The Applicable Funding Condition shall have been satisfied in form and substance reasonably satisfactory to the Administrative Agent and the Oaktree Lender.
Applicable Funding Condition. The Applicable Funding Condition shall have been satisfied as set forth on the Loans Schedule.
Applicable Funding Condition. The Applicable Funding Condition shall have been satisfied in form and substance reasonably satisfactory to each Lender.