Conditions Precedent to Borrowing. The Borrowing hereunder is subject to the conditions precedent that: (a) the Class A Arrangement Fee and the Class B Arrangement Fee (as such terms are defined in the Fee Letter) shall have been paid in full in accordance with the terms of the Fee Letter and all other acts and conditions (including, without limitation, the obtaining of any necessary regulatory approvals and the making of any required filings, recordings or registrations) required to be done and performed and to have happened prior to the execution, delivery and performance of this Agreement and all related documents and to constitute the same legal, valid and binding obligations, enforceable in accordance with their respective terms, shall have been done and performed and shall have happened in due and strict compliance with all applicable laws; and (b) each Lender shall have received on or before the date of the Borrowing the items listed in Schedule I hereto, each in form and substance satisfactory to such Lender.
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Samples: Receivables Loan and Security Agreement (LEAF Equipment Leasing Income Fund III, L.P.), Receivables Loan and Security Agreement (LEAF Equipment Finance Fund 4, L.P.), Receivables Loan and Security Agreement (LEAF Equipment Leasing Income Fund III, L.P.)
