Conditions Precedent to Initial Lender’s Obligations. The obligation of Initial Lender to make the Term Loan at the Closing is subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions, any of which may be waived by Initial Lender:
Appears in 4 contracts
Samples: Subordinated Loan Agreement (First Colebrook Bancorp, Inc.), Subordinated Loan Agreement (FS Bancorp, Inc.), Subordinated Loan Agreement (SBT Bancorp, Inc.)
Conditions Precedent to Initial Lender’s Obligations. The obligation of Initial Lender to make the Term Loan at the Closing Date is subject to the fulfillment, on or prior to the Closing DateClosing, of each of the following conditions, any of which may be waived by Initial Lender:
Appears in 2 contracts
Samples: Subordinated Loan Agreement, Subordinated Loan Agreement (First National Corp /Va/)
