Common use of Compliance with Financial Requirements Analysis; Borrower’s Funds Clause in Contracts

Compliance with Financial Requirements Analysis; Borrower’s Funds. Borrower shall be in compliance with its obligations under Section 4.6 and 4.7 of this Loan Agreement. To the extent that Borrower is obligated to deposit Borrower’s Funds into the Borrower’s Funds Account pursuant to those Sections, such Borrower’s Funds shall have been fully disbursed as a condition to any obligation of Bondowner Representative to make further disbursement of proceeds of the Loan.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Compliance with Financial Requirements Analysis; Borrower’s Funds. Borrower shall be in compliance with its obligations under Section 4.6 and 4.7 of this Loan Agreement. To the extent that Borrower is obligated to deposit BorrowerXxxxxxxx’s Funds into the Borrower’s Funds Account pursuant to those Sections, such Borrower’s Funds shall have been fully disbursed as a condition to any obligation of Bondowner Representative to make further disbursement of proceeds of the Loan.

Appears in 1 contract

Samples: Loan Agreement

Compliance with Financial Requirements Analysis; Borrower’s Funds. Borrower shall be in compliance with its obligations under Section 4.6 5.6 and 4.7 5.7 of this Loan Agreement. To the extent that Borrower is obligated to deposit Borrower’s Funds into the Borrower’s Funds Account pursuant to those Sections, such Borrower’s Funds shall have been fully disbursed as a condition to any obligation of Bondowner Representative to make further disbursement of proceeds of the LoanBonds under the Loan Documents.

Appears in 1 contract

Samples: Loan Agreement

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Compliance with Financial Requirements Analysis; Borrower’s Funds. Borrower shall be in compliance with its obligations under Section 4.6 5.6 and 4.7 5.7 of this Loan Agreement. To the extent that Borrower is obligated to deposit Borrower’s Funds into the Borrower’s Funds Account pursuant to those Sections, such Borrower’s Funds shall have been fully disbursed as a condition to any obligation of Bondowner Representative to make further disbursement of proceeds of the LoanLoan except as otherwise expressly provided in Section 4.4(b) hereof.

Appears in 1 contract

Samples: Loan Agreement

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