Common use of Conditions Precedent to the Initial Term Loan Clause in Contracts

Conditions Precedent to the Initial Term Loan. The obligation of each Lender to make the Initial Term Loan 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 Term Loan by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).

Appears in 2 contracts

Samples: Credit Agreement (Glass House Brands Inc.), Credit Agreement (Glass House Brands Inc.)

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Conditions Precedent to the Initial Term Loan. The obligation of each Lender to make its initial Loan hereunder is, in addition to the Initial Term Loan provided for hereunder is conditions set forth in Section 3.2 hereof, subject to the fulfillment, to the reasonable satisfaction of Agent Agents and each LenderLender and its counsel, of each of the following conditions precedent set forth on Schedule 3.1 (or before the making of such Term Loan by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent).Closing Date:

Appears in 2 contracts

Samples: Credit and Guaranty Agreement (Hunt Companies Finance Trust, Inc.), Credit and Guaranty Agreement (Ares Commercial Real Estate Corp)

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