Conditions Precedent to the Initial Extension of Credit. The obligation of Lender to make the initial Advance (or otherwise to extend any credit provided for hereunder), is subject to the fulfillment, to the satisfaction of Lender, of each of the conditions precedent set forth below: (a) the Closing Date shall occur on or before December 15, 2001; (b) Lender shall have received all financing statements required by Lender, duly executed by Guarantors and Borrowers, and Lender shall have received searches reflecting the filing of all such financing statements; (c) Lender shall have received each of the following documents, in form and substance satisfactory to Lender, duly executed, and each such document shall be in full force and effect: (i) the Fee Letter, (ii) the Mortgages, (iii) the Stock Pledge Agreement, (iv) the Guaranty, (v) the Guarantor Security Agreement, (vi) the Officers' Certificate, (vii) the Trademark Security Agreement, (viii) the Tunica Ship Mortgage, (ix) the Subordination of Preferred Fleet Mortgage, (x) the Subordination of Colorado Mortgage, (xi) the Subordination of Mississippi Mortgage, (xii) the Subordination of Nevada Mortgage, and
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Samples: Loan and Security Agreement (Majestic Investor Capital Corp), Loan and Security Agreement (Majestic Investor Capital Corp)
Conditions Precedent to the Initial Extension of Credit. The obligation of Lender to make the initial Advance (or otherwise to extend any credit provided for hereunder), is subject to the fulfillment, to the satisfaction of Lender, of each of the conditions precedent set forth below:
(a) the Closing Date shall occur on or before December 15November 5, 2001;
(b) Lender shall have received all financing statements required by Lender, duly executed by Guarantors and Borrowers, and Lender shall have received searches reflecting the filing of all such financing statements;
(c) Lender shall have received each of the following documents, in form and substance satisfactory to Lender, duly executed, and each such document shall be in full force and effect:
(i) the Fee Disbursement Letter,
(ii) the MortgagesDue Diligence Letter,
(iii) the Stock Pledge AgreementFee Letter,
(iv) the Guaranty,
(v) the Guarantor Security AgreementCash Management Agreements,
(vi) the Deed of Trust,
(vii) the Landlord's Consent and Waiver,
(viii) the FFPO Consent and Waiver,
(ix) the Officers' Certificate,
(vii) the Trademark Security Agreement,
(viii) the Tunica Ship Mortgage,
(ix) the Subordination of Preferred Fleet Mortgage,
(x) the Intercompany Subordination of Colorado MortgageAgreement,
(xi) the Subordination Pay-Off Letter, together with (A) UCC amendment statements and other documentation evidencing the assignment by Existing Lender of Mississippi Mortgage, its Liens in and to the properties and assets of DF and (B) UCC termination statements evidencing the termination by Existing Lender of its Liens in and to the properties and assets of FFPO;
(xii) the Subordination Intercreditor Agreements,
(xiii) the Notice and Acknowledgment of Nevada Mortgage, No Oral Agreements;
(xiv) the Post Closing Matters Agreement; and
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Conditions Precedent to the Initial Extension of Credit. The obligation of Lender to make the initial Advance (or otherwise to extend any credit provided for hereunder), is subject to the fulfillment, to the satisfaction of Lender, of each of the conditions precedent set forth below:
(a) the Closing Date shall occur on or before December 15May 31, 2001;
(b) Lender shall have received all financing statements required by Lender, duly executed by Guarantors and the applicable Borrowers, and Lender shall have received searches reflecting the filing of all such financing statements;
(c) Lender shall have received each of the following documents, in form and substance satisfactory to Lender, duly executed, and each such document shall be in full force and effect:
(i) the Fee Disbursement Letter,
(ii) the MortgagesDue Diligence Letter,
(iii) the Stock Pledge AgreementFee Letter,
(iv) the GuarantyGuaranties,
(v) the Guarantor Security Agreement,
(vi) the Contribution Agreement,
(vii) the Cash Management Agreements,
(viii) the Mortgages,
(ix) the Officers' Certificate,
(viix) the Trademark Security Agreement,
(viii) the Tunica Ship Mortgage,
(ix) the Subordination of Preferred Fleet Mortgage,
(x) the Subordination of Colorado Mortgage,
(xi) the Subordination Pledge Agreement, together with all certificates representing the shares of Mississippi MortgageStock pledged thereunder, as well as Stock powers with respect thereto endorsed in blank, ,
(xii) the Intercompany Subordination Agreement,
(xiii) (A) the Termination Agreement, together with UCC termination statements and other documentation evidencing the termination by Existing Lender of Nevada Mortgage, its Liens in and to the properties and assets of Borrowers and
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