Conditions Precedent to Each Construction Credit Event Sample Clauses

Conditions Precedent to Each Construction Credit Event. The obligation of the Banks to make each Construction Loan (including the initial Construction Loans for each Subsequent Project) (a "Construction Credit Event"), is subject to the prior satisfaction of each of the following conditions:
Sample 1
AutoNDA by SimpleDocs
Conditions Precedent to Each Construction Credit Event. The obligation of each Lender to make each Construction Loan (including the first Construction Loan and the Final Construction Drawing) on the occasion of each Borrowing and each withdrawal of funds from the Construction Fund (each such Borrowing of Construction Loans and withdrawal of funds, a "Construction Credit Event"), is subject to the occurrence of the Closing Date and prior satisfaction (or written waiver by Administrative Agent with the consent of the Majority Lenders) of each of the following conditions:
Sample 1
Conditions Precedent to Each Construction Credit Event. The obligation of the Lenders to make each Construction Loan (other than any Construction Loan the proceeds of which are applied in accordance with the Funds Flow Memorandum on the Closing Date, but including, for the avoidance of doubt, any Construction Loan requested by Co-Borrowers as reimbursement for any Drawstop Equity Contribution received by Co-Borrowers, each a “Construction Credit Event”) is subject to the satisfaction of each of the following conditions (unless waived in writing by Administrative Agent with the consent of the Required Lenders):
Sample 1
Conditions Precedent to Each Construction Credit Event. The obligation of each Lender to make each Construction Loan (including the first Construction Loan and the Final Construction Drawing) on the occasion of each Borrowing and each withdrawal of funds from the Construction Fund (each such Borrowing of Construction Loans and withdrawal of funds, a “Construction Credit Event”), is subject to the occurrence of the Closing Date and prior satisfaction (or written waiver by Administrative Agent with the consent of the Majority Lenders) of each of the following conditions:
Sample 1

Related to Conditions Precedent to Each Construction Credit Event

  • Conditions Precedent to Each Credit Event The occurrence of each Credit Event (including the initial Borrowing) is subject to the further conditions that:

  • Conditions Precedent to All Credit Events The obligation of each Lender to make Loans (including Loans made on the Initial Borrowing Date), and the obligation of each Issuing Lender to issue Letters of Credit (including Letters of Credit issued on the Initial Borrowing Date), is subject, at the time of each such Credit Event (except as hereinafter indicated), to the satisfaction of the following conditions:

  • Conditions Precedent to Each Borrowing The obligation of each Lender to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing the following statements shall be true (and each of the giving of the applicable Borrowing Notice and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Borrowing such statements are true):

  • Conditions Precedent to Each Extension of Credit Before any extension of credit governed by this agreement, whether by disbursement of a loan, issuance of a letter of credit or otherwise, the following conditions must be satisfied:

  • Conditions to Each Credit Event The obligation of each Lender to make a Loan on the occasion of any Borrowing and of each Issuing Bank to issue, amend, renew or extend any Letter of Credit is subject to Section 2.26(c) and the satisfaction of the following conditions:

  • 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 EACH ADVANCE Lender’s obligation to make the initial Advance and each subsequent Advance under this Agreement shall be subject to the fulfillment to Lender’s satisfaction of all of the conditions set forth in this Agreement and in the Related Documents.

  • Conditions Precedent to All Borrowings The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

  • Conditions Precedent to Each Borrowing and Issuance The obligation of each Lender to make an Advance (other than an Advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c)) on the occasion of each Borrowing and the obligation of each Issuing Bank to issue a Letter of Credit shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Borrowing or such Issuance (as the case may be) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing or Notice of Issuance and the acceptance by the Borrower of the proceeds of such Borrowing or such Issuance shall constitute a representation and warranty by the Borrower that on the date of such Borrowing or such Issuance such statements are true):

  • 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:

Time is Money Join Law Insider Premium to draft better contracts faster.