Common use of Conditions for Disbursement Clause in Contracts

Conditions for Disbursement. 4.1 The obligation of the Bank to make any disbursement under this Agreement shall be subject to the following conditions: (a) Credit Worthiness of the Borrower: The Borrower meets the Bank’s requirement of creditworthiness. The Bank shall be entitled to make or cause to be made inquiries as the Bank may deem fit to assess the credit worthiness of the Borrower. (b) Non-existence of event of default: No event of default as defined in this Agreement shall have happened. (c) Extra ordinary Circumstances: No extra ordinary or other circumstances shall have occurred which in the sole opinion of the Bank may make it improbable for the Borrower to fulfill any of these terms and Conditions.

Conditions for Disbursement. 4.1 The obligation of the Bank to make any disbursement under this Agreement shall be subject to the following conditions: (a) Credit Worthiness of the Borrower: The Borrower meets the Bank’s requirement of creditworthiness. The Bank shall be entitled to make or cause to be made inquiries as the Bank may deem fit to assess the credit worthiness of the Borrower. (b) Non-existence of event of default: No event of default as defined in this Agreement shall have happened. (c) Extra ordinary Circumstances: No extra ordinary or other circumstances shall have occurred which in the sole opinion of the Bank may make it improbable for the Borrower to fulfill fulfil any of these terms and Conditions.

Conditions for Disbursement. 4.1 3.1 The obligation of the Bank to make any disbursement under this Agreement shall be subject to the following conditions: (a) Credit Worthiness of the Borrower: The Borrower meets the Bank’s 's requirement of creditworthiness. The Bank shall be entitled to make or cause to be made inquiries as the Bank may deem fit to assess the credit worthiness of the Borrower. (b) Non-existence of event of default: No event of default as defined in this Agreement shall have happened. (c) Extra ordinary Circumstances: No extra ordinary or other circumstances shall have occurred which in the sole opinion of the Bank may make it improbable for the Borrower to fulfill any of these terms and Conditions.

Conditions for Disbursement. 4.1 The obligation of the Bank to make any disbursement under this Agreement shall be subject to the following conditionsfollowingconditions: (a) Credit Worthiness of the Borrower: The Borrower meets the Bank’s requirement of creditworthiness. The Bank shall be entitled to make or cause to be made inquiries as the Bank may deem fit to assess the credit worthiness of the Borrower. (b) Non-existence of event of default: No event of default as defined in this Agreement shall have happened. (c) Extra ordinary Circumstances: No extra ordinary or other circumstances shall have occurred which in the sole opinion of the Bank may make it improbable for the Borrower to fulfill any of these terms and Conditions.