Common use of Closing Loan and Funding Initial Loan Advance Clause in Contracts

Closing Loan and Funding Initial Loan Advance. It shall be a condition precedent of Lenders’ obligation to close the Loan and to fund the initial proceeds of the Loan that each of the following conditions precedent be satisfied in full (as determined by each Lender in its discretion which discretion shall be exercised reasonably and in good faith having due regard for the advice of the Administrative Agent), unless specifically waived in writing by all of the Lenders at or prior to the date of the closing and funding of the initial Loan Advance (the “Closing Date”) (in the event that the closing of the Loan is an earlier date than the date of the initial funding of the Loan, then the term “Closing Date” shall refer to the date of the closing by execution of this Agreement, and the term “Funding Date” shall refer to the date of funding of the initial Loan Advance):

Closing Loan and Funding Initial Loan Advance. It shall be a condition precedent of Lenders’ ' obligation to close the Loan and to fund the initial proceeds of the Loan that each of the following conditions precedent be satisfied in full (as determined by each Lender in its discretion which discretion shall be exercised reasonably and in good faith having due regard for the advice of the Administrative Agent), unless specifically waived in writing by all of the Lenders at or prior to the date of the closing and funding of the initial Loan Advance (the “"Closing Date”") (in the event that the closing of the Loan is an earlier date than the date of the initial funding of the Loan, then the term “Closing Date” Date shall refer to the date of the closing by execution of this Agreement, and the term “Funding Date” shall refer to the date of initial funding of the initial Loan AdvanceLoan):

Closing Loan and Funding Initial Loan Advance. It shall be a condition precedent of Lenders’ ' obligation to close the Loan and to fund the initial proceeds of the Loan that each of the following conditions precedent be satisfied in full (as determined by each Lender in its discretion which discretion shall be exercised reasonably and in good faith having due regard for the advice of the Administrative Agent), unless specifically waived in writing by all of the Lenders at or prior to the date of the closing and funding of the initial Loan Advance (the “"Closing Date”") (in the event that the closing of the Loan is an earlier date than the date of the initial funding of the Loan, then the term “Closing Date” Date shall refer to the date of the closing by execution of this Agreement, and the term “Funding Date” shall refer to the date of initial funding of the initial Loan AdvanceLoan):