Common use of Conditions Precedent to Funding Clause in Contracts

Conditions Precedent to Funding. The obligations of the Lender to make any Advance, are subject to the conditions precedent that the Lender shall have received the following, in form and substance satisfactory to the Lender: (a) This Agreement, duly executed by the Borrower and the Lender; (b) The Supplements, duly executed by the Borrower and the Lender; (c) The Term Note and the Revolving Line of Credit Note duly executed by the Borrower; (d) The Mortgage, fully executed and notarized, to secure the Loans encumbering on a first lien basis the fee interest and/or leasehold interest of the Borrower in the Real Property and the fixtures thereon described in Schedule 3.01(d); (e) A Security Agreement duly executed by the Borrower and in a form as provided by the Lender by which security agreement the Lender is granted a security interest by the Borrower in the Collateral;

Conditions Precedent to Funding. The obligations of the Lender to make any Advance, are subject to the conditions precedent that the Lender shall have received the following, in form and substance satisfactory to the Lender: (a) This Agreement, duly executed by the Borrower and the Lender; (b) The Supplements, duly executed by the Borrower and the Lender; (c) The Construction Note, the Term Revolving Note and the Revolving Line of Credit Note duly executed by the Borrower; (d) The Mortgage, fully executed and notarized, to secure the Loans encumbering on a shared first lien basis the fee interest and/or leasehold interest of the Borrower in the Real Property and the fixtures thereon described in Schedule 3.01(d); (e) A Security Agreement duly executed by the Borrower and in a form as provided by the Lender by which security agreement the Lender is granted a security interest by the Borrower in the Collateral;

Conditions Precedent to Funding. The effectiveness of this Agreement and obligations of the Lender to make any Advance, are subject to the conditions precedent that the Lender shall have received the following, in form and substance satisfactory to the Lender: (a) This Agreement, duly executed by the Borrower and the Lender; (b) The Supplements, duly executed by the Borrower and the Lender; (c) The Construction Note, the Term Revolving Note and the Amended and Restated Revolving Line of Credit Note duly executed by the Borrower; (d) The Mortgage, fully executed and notarized, to secure the Loans encumbering on a first lien basis the fee interest and/or leasehold interest of the Borrower in the Real Property and the fixtures thereon described in Schedule 3.01(d); (e) A Security Agreement duly executed by the Borrower and in a form as provided by the Lender by which security agreement the Lender is granted a security interest by the Borrower in the Collateral;

Conditions Precedent to Funding. The effectiveness of this Agreement and obligations of the Lender to make any Advance, are subject to the conditions precedent that the Lender shall have received the following, in form and substance satisfactory to the Lender: (a) This Agreement, duly executed by the Borrower and the Lender; (b) The Supplements, duly executed by the Borrower and the Lender; (c) The Construction Note, the Term Revolving Note and the Revolving Line of Credit Note duly executed by the Borrower; (d) The Mortgage, fully executed and notarized, to secure the Loans encumbering on a first lien basis the fee interest and/or leasehold interest of the Borrower in the Real Property and the fixtures thereon described in Schedule 3.01(d); (e) A Security Agreement duly executed by the Borrower and in a form as provided by the Lender by which security agreement the Lender is granted a security interest by the Borrower in the Collateral;