Conditions Precedent to the Initial Funding Date. The obligation of the Initial Lenders to make the initial Advance on the Initial Funding Date is subject to the satisfaction (or waiver) of the following conditions precedent, except as otherwise agreed between the Borrower and the Initial Lenders:
Conditions Precedent to the Initial Funding Date. The obligation of the New Partners to acquire the Partnership Interests, the Lessor to issue the Notes specified in Section 3.1, the Tranche B Banks to advance the Tranche B Loan specified in Section 3.3, the New Partners to fund the Equity Investment specified in Section 3.4, the Note Purchaser (or the Liquidity Banks if the Note Purchaser does not) to purchase such Notes and fund amounts thereunder or Percentage Interests and the obligation of the Lessor to amend the lease of the Property to the Lessee pursuant to the Master Lease are subject to the satisfaction (or waiver by the appropriate Lessor Parties) of each of the following conditions precedent (such satisfaction or waiver to be evidenced by the purchase of the Partnership Interests, the purchase of the Notes and the funding of the advances thereunder, the funding of the Tranche B Loan and the funding of the Equity Investment on the Initial Funding Date unless otherwise documented in writing by the appropriate parties):
Conditions Precedent to the Initial Funding Date. The obligation of each Lender to make its Initial Extension of Credit hereunder and the effectiveness of this Agreement is subject to the condition that the Administrative Agent shall have received each of the following, each in form and substance satisfactory to the Administrative Agent, and in sufficient copies for each Lender:
Conditions Precedent to the Initial Funding Date. The obligation of the Lenders to make the initial Revolving Loans on the Initial Funding Date, and the obligation of the L/C Issuer to issue any Letter of Credit on the Initial Funding Date and the obligation of the Lenders to participate in Letters of Credit issued on the Initial Funding Date, are subject to the following conditions precedent having been satisfied in a manner satisfactory to the Agent, the L/C Issuer and each Lender:
Conditions Precedent to the Initial Funding Date. The obligation of the Lessor to issue the Notes specified in Section 3.1 and the Note Purchaser to fund advances thereunder and the Lessor to fund the Equity Investment specified in Section 3.2, the Note Purchaser (or the Liquidity Banks if the Note Purchaser does not) to purchase such Notes and fund amounts thereunder or Percentage Interests, the obligation of the Lessor to acquire the Land, the obligation of the Letter of Credit Issuer to issue the Letter of Credit and the obligation of the Lessee to enter into the Master Lease are subject to the satisfaction (or waiver by the appropriate Lessor Parties) of each of the following conditions precedent (such satisfaction or waiver to be evidenced by the purchase of the Notes and the funding of the advances thereunder, and funding of the Equity Investment on the Initial Funding Date unless otherwise documented in writing by the appropriate parties):
