Common use of Conditions Precedent to the Initial Advance Clause in Contracts

Conditions Precedent to the Initial Advance. The obligation of the Lender to make the initial advance of the Loan to the Borrowers is conditional upon each of the following conditions precedent having been met to the satisfaction of the Lender (the “Initial Advance”):

Conditions Precedent to the Initial Advance. The obligation of the Lender to make the initial advance Advance of a Loan is subject to satisfaction (or waiver by the Loan to the Borrowers is conditional upon Lender in its sole discretion) of each of the following conditions precedent having been met to the satisfaction of the Lender (the “Initial Advance”):precedent.

Conditions Precedent to the Initial Advance. The obligation of the ------------------------------------------- Lender to make the initial advance Advance of a Loan is subject to satisfaction (or waiver by the Loan to the Borrowers is conditional upon Lender in its sole discretion) of each of the following conditions precedent having been met to the satisfaction of the Lender (the “Initial Advance”):precedent.