Conditions on Issuance Sample Clauses

Conditions on Issuance. On or prior to the date hereof, the Borrower shall have furnished to the Bank and MIDFA, in form satisfactory to the Bank and MIDFA, the following: (a) two executed counterparts of this Agreement; (b) executed counterparts of each of the Bond Documents (except for the Note and the Bonds, as to which a specimen copy may be furnished) and the Security Instruments; (c) a mortgagee title insurance policy dated the date of Closing together with evidence that all premiums in respect of such policy have been paid, which policy shall: (i) be in an amount not less than [$7,280,000]; (ii) ensure that the Mortgage creates a valid first lien on the property covered by such Mortgage free and clear of all defects and encumbrances (except those acceptable to the Bank); (iii) name the Bank and MIDFA as insured parties thereunder; (iv) be the form of ALTA Loan Policy-1992 (amended 10-17-92) or other form approved by the Bank and MIDFA; and (v) contain such endorsements and effective coverage as the Bank and MIDFA may reasonably request; (d) a physical survey containing maps or plats of the perimeter or boundaries of the Facility Site certified to the Bank, MIDFA and the title insurance company, in a manner acceptable to each of them, dated a date satisfactory to the Bank, MIDFA and the title insurance company, by an independent professional licensed land surveyor satisfactory to the Bank and the title insurance company, which survey shall indicate the following: (i) the locations on such site of all the buildings, structures and other improvements and the established building setback lines insofar as the foregoing affect the perimeter or boundary of such property; (ii) the lines of streets abutting the site and width thereof; (iii) all access and other easements appurtenant to the site or necessary or desirable to use the site; (iv) all roadways, paths, driveways, easements, encroachments and overhanging projections and similar encumbrances affecting the site, whether recorded, apparent from a physical inspection of the site or otherwise known to the surveyor; (v) any encroachment on any adjoining property by the building structures and improvements on the site; and (vi) if the site is described as being on a filed map, a legend relating the survey to said map, all informed satisfactory to the

Conditions on Issuance. On or prior to the Closing Date, the Borrower shall have furnished to the Bank, in form satisfactory to the Bank, the following: (a) two executed counterparts of this Agreement and the executed counterparts of the Security Instruments; (b) executed counterparts of each of the Bond Documents (except for the Bonds, as to which a specimen copy may be furnished); (c) opinion of Bond Counsel in form and substance acceptable to the Bank; (d) opinion of counsel for the Borrower dated the date thereof addressed to, and substantially in the form attached hereto as Exhibit B; (e) the Certificate of the Borrower including references to (i) articles of incorporation, by-laws or other formation documents of the Borrower, (ii) resolutions authorizing the execution, delivery and performance of the appropriate Bond Documents and this Agreement, (iii) incumbency and specimen signatures of officers, and (iv) such other matters as the Bank may require; (f) copies of all governmental approvals required in connection with this transaction, including resolution of the Issuer authorizing the issuance of the Bonds; (g) evidence of payment to the Bank of the initial annual letter of credit commission pursuant to Section 3.4 of this Agreement;

Conditions on Issuance. Additional Conditions Precedent to Issuance of the Letter of Credit........................... 7.3 Conditions Precedent to Each Tender Advance.....