CLOSING; INITIAL ADVANCE Sample Clauses

CLOSING; INITIAL ADVANCE. The obligation of Bank to close on the Loan and make an initial Advance under this Agreement is subject to the following conditions precedent: a) Borrower shall have delivered to Bank the duly and properly executed Loan Documents; b) Borrower shall have delivered to Bank evidence satisfactory to Bank that all Insurance Policies have been obtained and all premiums paid; c) Borrower shall have delivered to Bank duly executed and properly certified copies of documents authorizing the execution of and performance by Borrower of this Agreement and the other Loan Documents and all other documents or instruments contemplated herein or therein; d) Borrower shall have delivered to Bank a current certificate of good standing for Borrower issued by the Kansas Secretary of State; e) Borrower shall have provided to Bank, Borrower's Federal tax identification number; f) Borrower shall have delivered to Bank, a current certified copy of Borrower's articles of incorporation and a true, correct and complete copy of Borrower's by-laws as currently in effect; g) Bank shall have received the opinion of Borrower's counsel in form and substance acceptable to Bank; and h) Borrower shall have paid to Bank, Bank's costs and legal expenses incurred in connection with the preparation of the Loan Documents and related legal services.