Conditions Precedent to Borrower’s Obligations. Borrower’s obligation to borrow the Term Loan from Initial Lender at the Closing is subject to the fulfillment, on or prior to the Closing Date of the following conditions, any of which may be waived by the Borrower:
Appears in 5 contracts
Samples: Subordinated Loan Agreement (First Colebrook Bancorp, Inc.), Subordinated Loan Agreement (FS Bancorp, Inc.), Subordinated Loan Agreement (SBT Bancorp, Inc.)
Conditions Precedent to Borrower’s Obligations. Borrower’s obligation to borrow the Term Loan from Initial Lender at the Closing is subject to the fulfillment, on or prior to the Closing Date of the following conditions, any of which may be waived by the Borrower:
(a) Performance. Initial Lender shall have performed, satisfied and complied in all material respects with all covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by Initial Lender at or prior to the Closing Date.
Appears in 1 contract
Samples: Subordinated Loan Agreement
