Common use of Conditions Precedent to Term Loans Clause in Contracts

Conditions Precedent to Term Loans. The obligation of the Bank to convert principal owed to the Bank for Unreimbursed Drawings to Term Loans shall be subject to the fulfillment of each of the following conditions precedent on the Drawing Maturity Date, in a manner satisfactory to the Bank.

Appears in 2 contracts

Samples: Credit and Reimbursement Agreement, Credit and Reimbursement Agreement

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Conditions Precedent to Term Loans. The obligation of the Bank to convert principal owed to the Bank for Unreimbursed Drawings to Term Loans shall be subject to the fulfillment of each of the following conditions precedent on the Drawing Maturity Date, in a manner satisfactory to the Bank.

Appears in 1 contract

Samples: Credit and Reimbursement Agreement

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Conditions Precedent to Term Loans. The obligation of the Bank to convert principal the Principal Portion owed to the Bank for Unreimbursed Drawings to Term Loans shall be subject to the fulfillment of each of the following conditions precedent on the Drawing Maturity Date, in a manner satisfactory to the Bank.:

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement

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