CONDITIONS PRECEDENT TO THE FIRST DISBURSEMENT OF LOANS Sample Clauses

CONDITIONS PRECEDENT TO THE FIRST DISBURSEMENT OF LOANS. 12 SECTION 4.01. AUTHORIZATION. 12 SECTION 4.02. TRANSACTION DOCUMENTS. 12 SECTION 4.03. OWNERSHIP. 13 SECTION 4.04. CONSENTS. 13 SECTION 4.05. SITE. 13 SECTION 4.06. SECURITY INTEREST. 14 SECTION 4.07. INSURANCE. 14 SECTION 4.08. AUDITORS. 14 SECTION 4.09. LEGAL OPINIONS. 14 SECTION 4.10. APPOINTMENT OF AGENT. 14 SECTION 4.11. ACCOUNTS. 15 SECTION 4.12. D-U-N-S NUMBER; TIN. 15 SECTION 4.13. FINANCIAL PROJECTIONS. 15 SECTION 4.14. CONSTRUCTION BUDGET; CONSTRUCTION SCHEDULE. 15 SECTION 4.15. ENVIRONMENTAL AND SOCIAL REQUIREMENTS. 15 SECTION 4.16. DUE DILIGENCE. 15 SECTION 4.17. REPORTS. 15 SECTION 4.18. OPERATIONAL MATTERS. 16 SECTION 4.19. GEOTHERMAL RESOURCE. 16 SECTION 4.20. RATIO OF CASH FLOW TO DEBT SERVICE. 16 SECTION 4.21. FUNDING ARRANGEMENTS. 16 SECTION 4.22. ANTI-CORRUPTION HANDBOOK. 17 SECTION 4.23. PPA NOTICE REQUIREMENTS. 17 ARTICLE V CONDITIONS PRECEDENT TO EACH DISBURSEMENT 17 SECTION 5.01. DISBURSEMENT REQUEST. 17 SECTION 5.02. REPRESENTATIONS AND DEFAULTS. 17 SECTION 5.03. NO EVENT OF DEFAULT; CHANGE IN CIRCUMSTANCES. 17 SECTION 5.04. NOTE. 17 SECTION 5.05. CLOSING CERTIFICATE. 18 TABLE OF CONTENTS (continued) Page SECTION 5.06. FINANCIAL INFORMATION AND PROJECT PROGRESS. 18 SECTION 5.07. PAYMENT OR REIMBURSEMENT OF EXPENSES. 18 SECTION 5.08. CENTRAL BANK REGISTRATION; CONSENTS. 18 SECTION 5.09. EQUITY CONTRIBUTIONS. 18 SECTION 5.10. DEBT SERVICE RESERVE REQUIREMENT. 18 SECTION 5.11. DEBT TO EQUITY RATIO. 18 SECTION 5.12. PROJECT COSTS. 19 SECTION 5.13. FUNDING ARRANGEMENTS. 19 SECTION 5.14. INSURANCE. 19 SECTION 5.15. INDEPENDENT ENGINEER CERTIFICATE. 19 SECTION 5.16. LIEN WAIVERS. 19 SECTION 5.17. OTHER DOCUMENTS. 19
Sample 1
AutoNDA by SimpleDocs
CONDITIONS PRECEDENT TO THE FIRST DISBURSEMENT OF LOANS. Unless OPIC otherwise agrees in writing, the obligation of OPIC to make the Disbursement of the Tranche I Loan and the first Disbursement of the Tranche II Loan is subject to the prior fulfillment, to OPIC’s satisfaction in its sole discretion, of the following conditions precedent and to their continued fulfillment on the first Closing Date:
Sample 1

Related to CONDITIONS PRECEDENT TO THE FIRST DISBURSEMENT OF LOANS

  • Conditions Precedent to the Loans The obligations of the Banks hereunder and the obligation of each Bank to make the Initial Advance are subject to the condition precedent that Administrative Agent shall have received on or before the Execution Date (other than with respect to paragraphs (11), (14) and (18) below, which shall be required by the Closing Date) each of the following documents, and each of the following requirements shall have been fulfilled:

  • Conditions Precedent to Borrowings 5.1 Conditions Precedent to the Initial Borrowing of TBC 37 5.2 Conditions Precedent to Each Committed Borrowing of TBC 38 5.3 Conditions Precedent to Each Bid Borrowing of TBC 38 5.4 Conditions Precedent to the Initial Borrowing of a Subsidiary Borrower 39 5.5 Conditions Precedent to Each Committed Borrowing of a Subsidiary Borrower 39 5.6 Conditions Precedent to Each Bid Borrowing of a Subsidiary Borrower 40

  • Conditions Precedent to Borrowing The obligation of the Liquidity Provider to make an Advance on the occasion of each Borrowing shall be subject to the conditions precedent that the Effective Date shall have occurred and, prior to the date of such Borrowing, the Borrower shall have delivered a Notice of Borrowing which conforms to the terms and conditions of this Agreement and has been completed as may be required by the relevant form of the Notice of Borrowing for the type of Advances requested.

  • Conditions Precedent to the Loan The obligation of Lender to make the Loan hereunder is subject to the fulfillment by Borrower or waiver by Lender of the following conditions precedent no later than the Closing 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:

  • Conditions Precedent to All Borrowings The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

  • Conditions Precedent to Disbursement The following conditions must be satisfied before the Loan is disbursed to Borrowers:

  • Conditions Precedent to the Initial Extension of Credit The obligation of each Lender to make its initial extension of credit provided for hereunder, is subject to the fulfillment, to the satisfaction of Agent and each Lender of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extension of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

  • Conditions Precedent to All Advances The obligation of Bank to make each Advance, including the initial Advance, is further subject to the following conditions:

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!