CONDITIONS FOR BORROWING Sample Clauses

CONDITIONS FOR BORROWING. In addition to all conditions to borrowing set forth in Section 5.1 of the Master Loan Agreement, Lender’s obligation to make the Loan described in this Supplement is subject to the satisfaction or waiver by Lender in writing on or before the Closing Date of such Loan of the following conditions:
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CONDITIONS FOR BORROWING. The Bank’s obligation to make any Loan is subject to the satisfaction, on or before the following Borrowing Dates, of the following conditions:
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CONDITIONS FOR BORROWING. The obligation of the Lender to provide the Borrowing on Drawdown date hereunder shall be subject to the fulfillment of the following terms and conditions:
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CONDITIONS FOR BORROWING. In addition to all conditions to borrowing set forth in Section 5.1 of the Master Loan Agreement, Xxxxxx’s obligation to make any advance under the Loan described in this Supplement is subject to the satisfaction or waiver by Lender in writing of the following conditions: 3.1 Lender shall have received the following by the applicable Closing Date, all in form, detail and content satisfactory to Lender: (a) On or before the first Closing Date, Term Note J duly executed by Borrowers; (b) On or before each Closing Date, a Disbursement Request and Authorization duly executed by Xxxxxxxxx; (c) On or before the first Closing Date, payment of the Commitment Fee and Xxxxxx’s Costs; (d) On or before the first Closing Date, Commercial Security Agreement, duly executed by Borrowers, together with any and all other documents or instruments Lender reasonably deems necessary to grant to Lender and perfect a first position Lien in the collateral described therein; provided, however, that Xxxxxx agrees that Borrowers will not have ownership of or the right to grant a first position Lien in an Aircraft or in an Engine until it has purchased the Aircraft or Engine, and the Aircrafts and Engines will be purchased in multiple Closings on different Closing Dates; (e) On or before each Closing Date, evidence in a form reasonably acceptable to Lender that, prior to or concurrently with such Closing Date, Borrowers acquired the Aircraft(s) and Engine(s) to be purchased on such Closing Date, and such Aircraft(s) and Engine(s) is/are described in the Commercial Security
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CONDITIONS FOR BORROWING. (a) The obligation of the Lenders to permit the first Borrowing under the Revolving Facility is subject to the following additional conditions that, on the date thereof:
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CONDITIONS FOR BORROWING. 4.1 On or Before the Date of Execution of this Agreement 28 4.2 On or Before the Effective Date 29 4.3 On or Before Each Subsequent Borrowing Date 31
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CONDITIONS FOR BORROWING. 4.1 On or Before the Effective Date 30 4.2 On or Before Each Subsequent Borrowing Date 31
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CONDITIONS FOR BORROWING. Lender’s obligation to make any Loan is subject to the satisfaction or waiver by Lender in writing, on or before the following dates, of the following conditions:
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CONDITIONS FOR BORROWING. The Lenders' obligations to make Revolving Loans, and the Agent's obligation to issue Letters of Credit, are subject to the satisfaction, on or before the following Borrowing Dates, of the following conditions:
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Related to CONDITIONS FOR BORROWING

  • Conditions to Borrowing The Bank will not be obligated to make (or continue to make) advances hereunder unless (i) the Bank has received executed originals of the Note and all other documents or agreements applicable to the loans described herein, including but not limited to the documents specified in Article III (collectively with this Agreement the “Loan Documents”), in form and content satisfactory to the Bank; (ii) if the loan is secured, the Bank has received confirmation satisfactory to it that the Bank has a properly perfected security interest, mortgage or lien, with the proper priority; (iii) the Bank has received certified copies of the Borrower’s governance documents and certification of entity status satisfactory to the Bank and all other relevant documents; (iv) the Bank has received a certified copy of a resolution or authorization in form and content satisfactory to the Bank authorizing the loan and all acts contemplated by this Agreement and all related documents, and confirmation of proper authorization of all guaranties and other acts of third parties contemplated hereunder; (v) if required by the Bank, the Bank has been provided with an Opinion of the Borrower’s counsel in form and content satisfactory to the Bank confirming the matters outlined in Section 2.2 and such other matters as the Bank requests; (vi) no default exists under this Agreement or under any other Loan Documents, or under any other agreements by and between the Borrower and the Bank; and (vii) all proceedings taken in connection with the transactions contemplated by this Agreement (including any required environmental assessments), and all instruments, authorizations and other documents applicable thereto, are satisfactory to the Bank and its counsel.

  • Requests for Borrowings To request a Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request signed by the Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

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