CONDITIONS PRECEDENT TO A PROJECT BECOMING AN ELIGIBLE PROJECT Sample Clauses

CONDITIONS PRECEDENT TO A PROJECT BECOMING AN ELIGIBLE PROJECT. No Project shall become an Eligible Project until Borrower shall have granted, or shall have caused any Wholly Owned Subsidiary or Subpartnership owning such Project to grant, to Agent, for the benefit of Lenders, as security for the payment and performance of the Obligations of Borrower, a valid, enforceable, perfected, first priority and (except for Permitted Liens) only security interest and Lien in and to such Project and all real and personal property relating thereto and, in connection therewith, Borrower shall have executed and delivered, or shall have caused any Wholly-Owned Subsidiary or Subpartnership owning such Project to execute and deliver, to Agent, in form and substance reasonably satisfactory to Agent, the following instruments, documents and agreements in respect of such Project:
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Related to CONDITIONS PRECEDENT TO A PROJECT BECOMING AN ELIGIBLE PROJECT

  • Conditions Precedent to Purchase The Purchase under this Agreement is subject to the conditions precedent that (a) Buyer shall have received on or before the date of such purchase those documents listed on Schedule A and (b) all of the conditions to the initial purchase under the Purchase Agreement shall have been satisfied or waived in accordance with the terms thereof.

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to:

  • Conditions Precedent to Initial Advance The obligation of Bank to make the initial Advance is subject to the condition precedent that Bank shall have received, in form and substance satisfactory to Bank, the following:

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make its initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Agent and each Lender of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • Conditions Precedent to the Initial Advance The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received and approved on or before the Closing Date (other than with respect to paragraph (10) below which shall be required prior to the Initial Advance) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions Precedent/Effectiveness Conditions This Amendment shall be effective upon (the “Effective Date”) the satisfaction of each of the following conditions (all documents to be in form and substance reasonably satisfactory to Administrative Agent and Administrative Agent’s counsel):

  • Initial Conditions Precedent The obligation of the Lenders to effect or permit the occurrence of the first Credit Event hereunder, whether as the making of a Loan or the issuance of a Letter of Credit, is subject to the satisfaction or waiver of the following conditions precedent:

  • Conditions Precedent to the Consummation of the Purchase ---------------------------- The following are conditions precedent to the consummation of the Agreement on or before the Closing 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:

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