COMMITMENT CONDITIONS. FFB shall be under no obligation to purchase the Bond under this Agreement unless and until each of the conditions specified in this article 3 has been satisfied.
COMMITMENT CONDITIONS. If a commitment letter or similar agreement shall have been issued by Lender for the Loan, such additional conditions as shall be specified in such commitment shall have been satisfied.
COMMITMENT CONDITIONS. FFB shall be under no obligation to purchase the Note under this Agreement, and the Secretary shall be under no obligation to issue the Secretary’s Guarantee guaranteeing such Note, unless and until each of the conditions specified in this article 3 has been satisfied.
COMMITMENT CONDITIONS. FFB shall be under no obligation to purchase the Notes under this Agreement unless and until each of the conditions specified in this article 3 has been satisfied.
COMMITMENT CONDITIONS. The Commitment as to any Borrower is --------------------- conditioned upon the satisfaction of the following conditions:
(1) This Agreement shall have become effective pursuant to Section 8 hereof;
(2) The Borrower shall have executed and delivered to the Administrative Agent the New Loan Documents to which he or she is a party in form and substance satisfactory to the Banks on or before the applicable Commitment Expiration Date;
(3) The Guarantor shall have executed and delivered the New Conseco Guaranty on or before the applicable Commitment Expiration Date;
(4) The CIHC shall have executed and delivered the New CIHC Guaranty on or before the applicable Commitment Expiration Date;
(5) To the extent not generally described on Schedule I hereto, the other conditions set forth in the New Loan Documents shall be similar to the conditions, including as to the satisfaction of any regulatory requirements, under the Existing Credit Agreement, and all of such conditions shall have been satisfied on or before the applicable Commitment Expiration Date;
(6) The absence of the occurrence and continuation of any Termination Event; and
(7) The Guarantor shall have certified in writing that the applicable Borrower has accepted the Plan and has satisfied the conditions to the Plan governing such Borrower's participation in the Plan.
COMMITMENT CONDITIONS. 1. Conditions Applicable to the Initial Request for Investment in an SPV Security. The Secretary shall be under no obligation to accept any monies or make any investment in an SPV security under this MOU unless and until each of the conditions specified in this paragraph (in addition to each of the conditions specified below in paragraph 2 of this section of this MOU) has been satisfied.
COMMITMENT CONDITIONS. (A) Borrower shall have paid to Lender an origination fee equal to $1,462,500. Such fee shall be deemed to have been fully earned upon execution of this Agreement, regardless of whether all or part of the New Loan Amount is actually funded.
(B) Lender shall have completed its "due-diligence" review of the Borrower, the members of the Borrower Control Group, the Operating Companies and their respective Affiliates, including the organizational and governing documents, major agreements binding or affecting, and financial condition of each of them, and such other documents and information as Lender may request, and the results of such review shall be satisfactory to Lender in its sole discretion.
COMMITMENT CONDITIONS. The continued satisfaction of each of the conditions enumerated in Sections 5.1.1, 5.1.2, 5.1.3 and 5.1.4.
COMMITMENT CONDITIONS. (A) Borrower shall have paid to CTIMCO an origination fee equal to $650,000. Such fee shall be deemed to have been fully earned upon execution of this Agreement, regardless of whether all or part of the Loan Amount is actually funded.
(B) Lender shall have completed its "due-diligence" review of Borrower, the members of the Borrower Control Group, the Operating Companies and their respective Affiliates, including the organizational and governing documents, major agreements binding or affecting, and financial condition of each of them, and such other documents and information as Lender may request, and the results of such review shall be satisfactory to Lender in its sole discretion.
COMMITMENT CONDITIONS. (A) Borrower shall have paid to Lender a structuring fee equal to $1,050,000, such amount having been earned upon approval of the Loan by Lender's Board of Directors or Senior Management. Borrower shall receive a credit against such fee equal to the amount paid by Borrower to Lender as the "Application Fee" upon execution of the term sheet for the Loan. Lender acknowledges receipt of the Application Fee in the amount of $250,000.
(B) Lender shall have completed its "due-diligence" review of the Borrower, the members of the Borrower Control Group, the Operating Companies and their respective Affiliates, including the organizational and governing documents, major agreements binding or affecting, and financial condition of each of them, and such other documents and information as Lender may request, and the results of such review shall be satisfactory to Lender in its sole discretion.
