Conditions precedent Disbursement Sample Clauses

Conditions precedent Disbursement. Where the Overdraft Facility disbursement is to be in installments, the Borrower fails to fulfill the conditions precedent stipulated in this Agreement or any schedule hereto or in any other communication, prior to the date of disbursement of each of the installments (or such extended period as may be permitted by the Bank).
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Conditions precedent Disbursement. Where the Loan disbursement is to be in installments, the Borrower fails to fulfill the conditions precedent stipulated in this Agreement or any schedule hereto or in any other communication, prior to the date of disbursement of each of the installments (or such extended period as may be permitted by the Bank).
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Conditions precedent Disbursement. The amounts deposited on the Escrow Account, (net of any fees and legal costs of the Managers and the Bond Trustee and any other costs and expenses incurred in connection with the Bond Issue which has not been covered) shall only be used as set out in Clause 2.4, and any release from the Escrow Account will be subject to the Bond Trustee having received the following, in form and substance satisfactory to it:
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Conditions precedent Disbursement. The amounts deposited on the Escrow Account, (net of any fees and legal costs of the Manager and the Bond Trustee and any other costs and expenses incurred in connection with the Bond Issue which has not been covered) shall only be used as set out in Clause 2.4, and any release from the Escrow Account will be subject to the Bond Trustee having received the following, in form and substance satisfactory to it: a confirmation from the Issuer that no potential or actual Event of Default exists; a copy of a duly signed unconditional and irrevocable call notice for the prepayment of the Existing Bonds, such prepayment to take place no later than upon the first disbursement from the Escrow Account; a duly executed Release Notice from the Issuer (including a statement regarding use of funds and confirmation of no potential or actual Event of Default); documentation evidencing that the Accounts (except the Escrow Account) have been opened; evidence that the redemption and discharge of the Roll-Over Bonds on the Bond Escrow Account being carried out in connection with such disbursement; evidence that the Existing Bonds will be fully repaid and all existing security created thereunder will be released upon disbursement of the Bond proceeds; certified copies for each Obligor and any other security provided of Security Interest of (i) the Certificate of Incorporation or other similar official document, evidencing that it is validly registered and existing and (ii) the Articles of Association. certified copies of all necessary corporate resolutions of each Obligor and other security provider of Security Interest to execute the relevant Finance Documents; a power of attorney (unless included in the relevant corporate resolutions) from each Obligor and any other security provider of Security Interest to relevant individuals for their execution of the relevant Finance Documents, or extracts from the relevant register or similar documentation evidencing such individuals' authorisation to execute the Finance Documents; all Security Documents being executed and (if applicable) perfected and evidence of discharge and release of any Existing Security according to a closing procedure acceptable to the Bond Trustee; a duly executed intercreditor agreement or other documentation evidencing, inter alia, that payment obligations under any Intercompany Loan is subordinated to the obligations under the Finance Documents; a closing procedure describing the closing mechanism for the pre...
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Related to Conditions precedent Disbursement

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent:

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

  • Further Conditions Precedent The Lenders will only be obliged to comply with Clause 5.4 (Lenders’ participation) if on the date of the Utilisation Request and on the proposed Utilisation Date:

  • Additional Conditions Precedent No Lender has any obligation to make any Loan (including its first), and LC Issuer has no obligation to issue any Letter of Credit (including its first), unless the following conditions precedent have been satisfied:

  • Satisfaction of Conditions Precedent Each party will use commercially reasonable efforts to satisfy or cause to be satisfied all the conditions precedent that are applicable to them, and to cause the transactions contemplated by this Agreement to be consummated, and, without limiting the generality of the foregoing, to obtain all material consents and authorizations of third parties and to make filings with, and give all notices to, third parties that may be necessary or reasonably required on its part in order to effect the transactions contemplated hereby.

  • Mutual Conditions Precedent The respective obligations of the Parties to consummate the transactions contemplated hereby, and in particular the Arrangement, are subject to the satisfaction, on or before the Effective Date or such other time specified, of the following conditions, any of which may be waived by the mutual written consent of such Parties without prejudice to their right to rely on any other of such conditions:

  • Conditions Precedent to Closing The Local Church and Annual Conference acknowledge and agree that the obligations of the parties to effectuate the Closing on or about the Disaffiliation Date are expressly contingent and conditional on the following:

  • Conditions Precedent to Seller’s Obligations The obligations of Seller to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Seller:

  • Waiver of Conditions Precedent The conditions specified in this clause 9 are inserted solely for the benefit of the Bank and may be waived by the Bank in whole or in part and with or without conditions.

  • Conditions Precedent to Effectiveness This Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied:

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