Conditions Precedent to the First Advance. The obligation of the Lender to make the first Advance is subject to Financial Close occurring.
Conditions Precedent to the First Advance. The obligation of the First Advance Lender to make the First Advance under the Credit Facility is subject to fulfilment of the following conditions precedent at the time the First Advance is made available, provided that the First Advance may be advanced over two separate days:
Conditions Precedent to the First Advance. The obligation of the Lender to make the first Advance (which shall be the Advance specified in Section 2.01(a)) is subject to the following conditions precedent having been satisfied (or waived in writing by the Lender) on or prior to the relevant Drawdown Date:
Conditions Precedent to the First Advance. The obligations of the Financiers to make the first Advance available to the Borrower under this agreement are subject to the Facility Agent being satisfied that on the first Drawdown Date:
Conditions Precedent to the First Advance. The obligation of the Bank under this Agreement to make the first advance is subject to the fulfillment of the following conditions to the satisfaction of the Bank or its agents, in their sole discretion:
Conditions Precedent to the First Advance. As a condition precedent to the first Advance hereunder, Borrower must have confirmed and agreed to and executed and/or delivered (or cause to have been delivered) all of the following to Lender:
Conditions Precedent to the First Advance. The Lender shall not be obligated to advance the First Advance unless and until the following conditions have been fulfilled to the Lender's sole satisfaction:
Conditions Precedent to the First Advance. Provided that Borrower has satisfied all of the conditions set forth below, the obligation of the Administrative Agent under this Agreement to make the first Advance in the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) is subject to the fulfillment of the following conditions to the reasonable satisfaction of the Administrative Agent or its agents, in their sole discretion:
Conditions Precedent to the First Advance. The obligation of the Lender under this Agreement to make the first Advance is subject to the fulfillment of the following conditions to the satisfaction of the Lender or its agents, in their sole reasonable discretion: The Borrower shall have executed and delivered (or shall have caused to be executed and delivered) to the Lender all of the Loan Documents; The Borrower shall have executed and delivered (or shall have caused to be executed and delivered) to the Lender all of the Construction Documents; The Borrower shall have delivered to the Lender a print of a currently dated Survey, showing the Project to be free from questions of encroachment, any existing Improvements, the dimensions and total square foot area of the Improvements to be constructed, the location of any footings and foundations of the Improvements to be constructed, all interior lot lines, easements and rights-of-way of record, parking areas, all adjoining public streets and such other information as the Lender or the Title Insurer may require; The Borrower shall have delivered to the Lender copies of current receipted tax bills for the Land; The Borrower shall have delivered to the Lender the Title Insurance Policy insuring title to the Land in accordance with the terms of the Mortgage and the Lender's interest therein as a valid and enforceable first mortgage lien, subject only to exceptions approved by the Lender and containing (A) full coverage against mechanics' liens (filed and inchoate), (B) no survey exceptions except those theretofore approved by the Lender and (C) a pending disbursements clause and, if such Title Insurance Policy is dated earlier than the date of the first Advance, a continuation of or endorsement to such Title Insurance Policy, in a form approved by the Lender; setting forth no additional exceptions except those approved by the Lender; All representations and warranties contained in this Agreement or in any of the other Loan Documents shall be true, correct and complete in all material respects; The Borrower shall have performed all material terms and conditions of the Loan Documents; The Borrower shall have delivered to the Lender a copy of the policies of insurance and the surety bonds required under this Agreement, the Mortgage or any of the other Loan Documents, together with a certificate from each of the insurers which issued such policies and each of the sureties which issued such surety bonds to the effect that each of such policies and such surety bo...
Conditions Precedent to the First Advance. The obligation of each Lender to contribute to the First Advance shall be subject to the further conditions that:
