Conditions Precedent to Effectiveness and Loans Sample Clauses

Conditions Precedent to Effectiveness and Loans. The agreement of each Bank to make the extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:
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Conditions Precedent to Effectiveness and Loans. SECTION 5.1 Conditions Precedent to Loan Commitments and Effectiveness of this Agreement 53 SECTION 5.1.1 Authority of the Borrower and the Guarantors 53 SECTION 5.1.2 Incumbency of the Borrower and the Guarantors 53 SECTION 5.1.3 Corporate Proceedings 53 SECTION 5.1.4 Financial Information, etc 54 SECTION 5.1.5 Permits 54 SECTION 5.1.6 Insurance 54 SECTION 5.1.7 Capital Improvement Project Budget 54 SECTION 5.1.8 Environmental Reports 55 SECTION 5.1.9 Searches 55 SECTION 5.1.10 Real Estate Appraisal 55 SECTION 5.1.11 Fees 55 SECTION 5.1.12 Opinions of Counsel 56 SECTION 5.1.13 Information pursuant to Anti-Terrorism Laws 56 TABLE OF CONTENTS (continued) Page SECTION 5.1.14 No Material Adverse Effect 56 SECTION 5.1.15 No Defaults 56 SECTION 5.1.16 No Restrictions 56 SECTION 5.1.17 No Violation of Certain Regulations 56 SECTION 5.1.18 Service of Process 57 SECTION 5.1.19 Representations and Warranties 57 SECTION 5.1.20 Other Documents 57 SECTION 5.1.21 Satisfactory Form and Substance 57 SECTION 5.2 Conditions Precedent to the Initial Borrowing of the Revolving Loans and the Issuance of Letters of Credit 57 SECTION 5.2.1 Commitment Conditions 57 SECTION 5.2.2 Loan Documents 57 SECTION 5.2.3 Required Preferred Rights Offering 57 SECTION 5.2.4 Interest Reserve 57 SECTION 5.2.5 Side Letter 58 SECTION 5.2.6 Key Person Management Agreement 58 SECTION 5.2.7 Gaming Lease 58 SECTION 5.2.8 Title Policy; Title Documents 58 SECTION 5.2.9 A.L.T.A. Survey 59 SECTION 5.2.10 Zoning Information 59 SECTION 5.2.11 Payment of Outstanding Indebtedness, etc 59 SECTION 5.2.12 Fees 59 SECTION 5.2.13 Loan Documents 60 SECTION 5.2.14 Opinions of Counsel 61 SECTION 5.2.15 Other Documents 62 SECTION 5.2.16 Satisfactory Form and Substance 62 SECTION 5.3 Conditions Precedent to all Loans and the Issuance of Letters of Credit 62 SECTION 5.3.1 Commitment Conditions 62 SECTION 5.3.2 Compliance with Warranties, No Default, etc 62 SECTION 5.3.3 No Events of Default 63 TABLE OF CONTENTS (continued) Page SECTION 5.3.4 Borrowing Request 63 SECTION 5.3.5 Additional Documents 63 SECTION 5.3.6 Title Insurance Policy Endorsements 63 SECTION 5.3.7 No Restriction 63 SECTION 5.3.8 Fees, Expenses, etc 64 SECTION 5.3.9 Loan Documents 64 SECTION 5.3.10 Security Interests 64 SECTION 5.3.11 No Restrictions 64 SECTION 5.3.12 Required Documents 65 SECTION 5.3.13 Satisfactory Legal Form 65 SECTION 5.4 Conditions Precedent to Delayed Draw Term Loans 65 SECTION 5.4.1 Phase II Club Operator 65 SECTION 5.4.2 Phase...
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Conditions Precedent to Effectiveness and Loans. In addition to the conditions set forth in Section 6.2, this Agreement shall not become effective and Agent, the Issuing Banks and the Lenders shall not be required to fund any requested Loans, issue any Letter of Credit for the benefit of the Borrowers or otherwise extend credit to the Borrowers hereunder, until the date (“Closing Date”) that each of the following conditions has been satisfied:
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Conditions Precedent to Effectiveness and Loans. SECTION 5.1 Conditions Precedent to Loan Commitments and Effectiveness of this Agreement 49
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Conditions Precedent to Effectiveness and Loans 
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Related to Conditions Precedent to Effectiveness and Loans

  • Conditions Precedent to Effectiveness of Agreement Each of the following is a condition precedent to the effectiveness of this Agreement:

  • Conditions Precedent to Effectiveness This Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied:

  • Conditions Precedent to Effectiveness of Amendment The effectiveness of this Amendment is subject to and contingent upon the fulfillment of each and every one of the following conditions:

  • Conditions Precedent to Effectiveness of Section 2.01 Section 2.01 of this Agreement shall become effective on and as of the first date (the “Effective Date”) on which the following conditions precedent have been satisfied:

  • Conditions Precedent to Effective Date This Agreement shall become effective on the date (such date, the “Effective Date”) when each of the following conditions is satisfied (or waived) in accordance with the terms herein:

  • CONDITIONS TO EFFECTIVENESS AND LENDING SECTION 3.01.

  • Conditions Precedent to Effectiveness of this Amendment This Amendment shall not become effective until all of the following conditions precedent shall have been satisfied in the sole discretion of Agent or waived by Agent:

  • Conditions Subsequent to Effectiveness As an accommodation to the Loan Parties, the Agents and the Lenders have agreed to execute this Agreement and to make the Loans on the Effective Date notwithstanding the failure by the Loan Parties to satisfy the conditions set forth below on or before the Effective Date. In consideration of such accommodation, the Loan Parties agree that, in addition to all other terms, conditions and provisions set forth in this Agreement and the other Loan Documents, including, without limitation, those conditions set forth in Section 5.01, the Loan Parties shall satisfy each of the conditions subsequent set forth below on or before the date applicable thereto (it being understood that (i) the failure by the Loan Parties to perform or cause to be performed any such condition subsequent on or before the date applicable thereto shall constitute an Event of Default and (ii) to the extent that the existence of any such condition subsequent would otherwise cause any representation, warranty or covenant in this Agreement or any other Loan Document to be breached, the Required Lenders hereby waive such breach for the period from the Effective Date until the date on which such condition subsequent is required to be fulfilled pursuant to this Section 5.03):

  • Conditions Precedent to Effectiveness of this Agreement This Agreement shall become effective on and as of the date hereof (the “Effective Date”), provided that the following conditions precedent have been satisfied on such date:

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

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