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

Conditions Precedent to the Initial Disbursement. The obligation of the BANK to make its initial disbursement under the CONSTRUCTION LOAN is subject to the condition precedent that the BORROWER shall be in compliance with the conditions set forth in Section 4.2 of this AGREEMENT and to the further condition precedent that the BANK shall have received on or before the CLOSING all of the following, each dated (unless otherwise indicated) such day, in form and substance satisfactory to the BANK:

Conditions Precedent to the Initial Disbursement. The obligation of the BANK to make its initial disbursement under the CONSTRUCTION EXPANSION LOAN is subject to the condition precedent that the BORROWER shall be in compliance with the conditions set forth in Section 4.2 of this AGREEMENT and to the further condition precedent that the BANK shall have received on or before the CLOSING all of the following, each dated (unless otherwise indicated) such day, in form and substance reasonably satisfactory to the BANK, unless waived by the BANK:

Conditions Precedent to the Initial Disbursement. The obligation of the BANK to make its the initial disbursement under the CONSTRUCTION LOAN is subject to the condition precedent that the BORROWER shall be in compliance with the conditions set forth in Section 4.2 of this AGREEMENT and to the further condition precedent that that, unless waived by BANK in writing in the post-closing letter agreement, BANK shall have received on or before the CLOSING all of the following, each dated (unless otherwise indicated) such daythe day of CLOSING, in form and substance satisfactory to the BANK: