Conditions; General Principles Sample Clauses

Conditions; General Principles. A. The acceptance of each Advance by Issuer shall constitute a representation and warranty by Issuer to each Note Holder that all of the conditions required to be satisfied under this Section 4 in connection with the making of such Advance have been satisfied. With respect to the Initial Advance, nothing in the Closing Letter among Agent, Ormat, Glitner, Bank of the West and Issuer shall be deemed to alter the foregoing representation and warranty or otherwise constitute a waiver by Agent or Required Holders of any condition to such Initial Advance. B. All of the agreements, instruments, reports, opinions and other documents and papers referred to in this Section 4, unless otherwise expressly speci­fied, shall be delivered to Agent for the account of each Note Holder and, except for the Notes, in suffi­cient counter­parts for each Note Holder, and shall be satisfactory in form and substance to Agent.

Conditions; General Principles. (a) The Borrower's acceptance of the proceeds of each Loan shall constitute a representation and warranty by the Borrower to each of the Lenders and the Administrative Agent that all of the conditions required to be satisfied under Section 3.01 or Section 3.02, as the case may be, in connection with the making of such Loan have been satisfied, unless expressly waived in writing by the Administrative Agent. (b) All of the agreements, instruments, reports, opinions, or other documents referred to in this Article III, unless otherwise expressly specified, shall be delivered to the Administrative Agent for the account of the Lenders and, except for the Notes, in sufficient counterparts for each of the Lenders and such delivery shall not be effective unless such agreement, instrument, report, opinion, or other document is reasonably satisfactory to the Administrative Agent in accordance with the relevant provision of this Article III.