Common use of Conditions Precedent to Drawing Clause in Contracts

Conditions Precedent to Drawing. 4.1 The Bank may not release the Facility or any part of it unless the Bank is satisfied that the following have been fulfilled: (a) the conditions set out in the Letter of Offer and/or this Agreement, (b) [the additional conditions precedent set out in the Letter of Offer and/or the Second Schedule of this Agreement]; and (c) no Event of Default has occurred.

Appears in 4 contracts

Samples: Facility Agreement, Facility Agreement, Facility Agreement

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Conditions Precedent to Drawing. 4.1 The Bank may not release the Facility or any part of it the Housing Loan/Facility unless the Bank is satisfied that the following have been fulfilled: : (a) the conditions set out in the Letter of Offer and/or this Agreement, ; (b) [the additional conditions precedent set out in the Letter of Offer and/or the Second Schedule Appendices to the Letter of this Agreement]Offer; and and (c) no Event of Default has occurred.

Appears in 2 contracts

Samples: Housing Loan Agreement, Housing Loan Agreement

Conditions Precedent to Drawing. 4.1 The Bank may not release the Facility or any part of it the Property Financing/Facility unless the Bank is satisfied that the following have been fulfilled: : (a) the conditions set out in the Letter of Offer and/or this Agreement, ; (b) [the additional conditions precedent set out in the Letter of Offer and/or the Second Schedule Appendices to the Letter of this Agreement]Offer; and and (c) no Event of Default has occurred.

Appears in 1 contract

Samples: Conventional Property Financing Facility Agreement

Conditions Precedent to Drawing. 4.1 The Bank may not release the Facility or any part of it the Staff Loan/Facility unless the Bank is satisfied that the following have been fulfilled: : (a) the conditions set out in the Letter of Offer and/or this Agreement, ; (b) [the additional conditions precedent set out in the Letter of Offer and/or the Second Schedule Appendices to the Letter of this Agreement]Offer; and and (c) no Event of Default has occurred.

Appears in 1 contract

Samples: Conventional Staff Facility Agreement

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Conditions Precedent to Drawing. 4.1 The Bank may not release the Facility or any part of it the Property Financing/Facility unless the Bank is satisfied that the following have been fulfilled: : (a) the conditions set out in the Letter of Offer and/or this Agreement, ; (b) [the additional conditions precedent set out in the Letter of Offer and/or the Second Schedule Appendices to the Letter of this Agreement]Offer; and (c) no Event of Default has occurred.and

Appears in 1 contract

Samples: Conventional Property Financing Facility Agreement

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