Condition Precedent to Loans Sample Clauses

Condition Precedent to Loans. The obligation of Lender to advance the proceeds of either Loan to or for the account of Borrower is subject to the condition precedent that Lender shall have received each of the following, in form and substance satisfactory to the Lender and its counsel:
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Condition Precedent to Loans. The obligation of the Bank to make initial Loans to the Borrower pursuant to the Commitment is subject to the conditions precedent that the Bank shall have received, or waived in writing the obligation to receive, on or before the Closing Date each of the following, in form and substance satisfactory to the Bank and its counsel (collectively the "Initial Conditions Precedent"):
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Condition Precedent to Loans. The obligation of the Bank to make any advances hereunder (the initial advance as well as any subsequent advances) to the Borrower pursuant to the Commitment is subject to the following conditions precedent (collectively, the “Conditions Precedent”):
Sample 1
Condition Precedent to Loans. In lieu of the conditions precedent set forth in Section 6.2 of the Credit Agreement, as a condition precedent to the obligations of the Lenders to make each Loan and/or of a Letter of Credit Issuer to issue each Letter of Credit during the Forbearance Period, the Borrower will provide an officer's certificate certifying compliance with this Agreement, including but not limited to Section 4.1 hereof (together with such supporting information as the Administrative Agent may reasonably request). During the Forbearance Period, the Borrower will not request, and the Lenders will not be obligated to fund, any General Revolving Loans other than in accordance with the Cash Budget, and the proceeds of such Loans shall be used by the Borrower as set forth in Cash Budget within the categories set forth in the Cash Budget, provided that any use of proceeds in excess of $25,000 for the category Contingency shall be approved by the Administrative Agent in writing, such approval not to be unreasonably withheld.
Sample 1
Condition Precedent to Loans. The agreement of the Bank (at its discretion) to make the initial Loans (and all subsequent Loans) to the Borrower is subject to the condition precedent that the Bank shall have received on or before the day of such Loan each of the following in form and substance satisfactory to the Bank and its counsel:
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Condition Precedent to Loans 
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Related to Condition Precedent to Loans

  • Condition Precedent The obligations of the parties to this Agreement are subject to the Receiver and the Corporation having received at or before Bank Closing evidence reasonably satisfactory to each of any necessary approval, waiver, or other action by any governmental authority, the board of directors of the Assuming Institution, or other third party, with respect to this Agreement and the transactions contemplated hereby, the closing of the Failed Bank and the appointment of the Receiver, the chartering of the Assuming Institution, and any agreements, documents, matters or proceedings contemplated hereby or thereby.

  • Conditions Precedent to the Loans The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received on or before the Execution Date (other than with respect to paragraphs (11), (14) and (18) below, which shall be required by the Closing Date) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to Borrowings 5.1 Conditions Precedent to the Initial Borrowing of TBC 37 5.2 Conditions Precedent to Each Committed Borrowing of TBC 38 5.3 Conditions Precedent to Each Bid Borrowing of TBC 38 5.4 Conditions Precedent to the Initial Borrowing of a Subsidiary Borrower 39 5.5 Conditions Precedent to Each Committed Borrowing of a Subsidiary Borrower 39 5.6 Conditions Precedent to Each Bid Borrowing of a Subsidiary Borrower 40

  • Conditions Precedent to Borrowing The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, prior to the date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of Advances requested.

  • Conditions Precedent to All Borrowings The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

  • Conditions Precedent to the Loan The obligation of Lender to make the Loan hereunder is subject to the fulfillment by Borrower or waiver by Lender of the following conditions precedent no later than the Closing Date:

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions Precedent to All Advances The obligation of Bank to make each Advance, including the initial Advance, is further subject to the following conditions:

  • Conditions Precedent to Initial Loans In addition to the conditions set forth in Section 6.2, Lenders shall not be required to fund any requested Loan, issue any Letter of Credit, or otherwise extend credit to Borrowers hereunder, until the date (“Closing Date”) that each of the following conditions has been satisfied:

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