Closing; Commitment. Subject to the Lender Conditions, Lender agrees to fund the Initial Commitment Advance to Borrower at the Closing and to fund the balance of the Commitment to the Borrower in accordance with the terms and conditions of this Agreement provided, however, that all Advances shall be subject to, and made in accordance with, the terms and conditions of Section 3(b). Notwithstanding anything else to the contrary contained herein, Lender shall have no obligation to make any Advance unless each of the Lender Conditions has been satisfied.
Appears in 8 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
Closing; Commitment. Subject to the Lender Funding Conditions, Lender agrees to fund the Initial Commitment Advance to Borrower at the Closing Closing, and to fund up to the balance of the Commitment to the Borrower in accordance with the terms and conditions of this Agreement during the Loan term; provided, however, that all Advances shall be subject to, and made in accordance with, the terms and conditions of Section 3(b). Notwithstanding anything else to the contrary contained herein, Lender shall have no obligation to make any Advance unless each of the Lender Funding Conditions has been satisfied.
Appears in 1 contract
Samples: Loan Agreement (United Development Funding Income Fund V)
Closing; Commitment. Subject to the Lender Conditions, Lender agrees to fund the Initial Commitment Advance to Borrower at the Closing and to fund the balance of the Commitment to the Borrower in accordance with the terms and conditions of this Agreement provided, however, that all Closing. All Advances shall be subject to, and made in accordance with, the terms and conditions of Section 3(b). Notwithstanding anything else to the contrary contained herein, Lender shall have no obligation to make any Advance unless each of the Lender Conditions has been satisfied.
Appears in 1 contract
