Conditions to Advances. The obligation of Lender to make each Advance hereunder, including the Initial Advance, shall be subject to the prior or simultaneous occurrence or satisfaction of each of the following conditions:
Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied (or waived by the Administrative Agent in its sole discretion) as of the proposed date of such Advance:
Conditions to Advances. Notwithstanding any other provisions to the contrary contained in this Agreement, the making of Advances or the Issuance of Letters provided for in this Agreement shall be conditioned upon the following:
Conditions to Advances. 5.1. Each Advance ........................................................ 22 5.2. First Advance ....................................................... 23
Conditions to Advances. The obligation of the Bank to make any advances hereunder or under the Note is subject, without limitation, to satisfaction of the following additional conditions precedent:
Conditions to Advances. No Advance shall be made unless each of the following conditions is satisfied as of the proposed date of such Advance:
Conditions to Advances. As a condition precedent to an Advance, RAC shall deliver to AFC, at AFC’s request, a certificate in a form acceptable to AFC certifying that (a) no Event of Default has occurred or is continuing, (b) RAC is in complete compliance with the terms and conditions of this Note, (c) all prior Advances made for the purpose of enabling RAC to purchase an item of Purchase Money Inventory have only been used to purchase Vehicles encumbered by this Note, (d) no material adverse effect to the operation or prospects of RAC (financial, business, labor or otherwise) exists or is threatened, (e) no checks issued by RAC to AFC have been dishonored, and (f) such other information as AFC may request. In addition, if the Advance request is for the purpose of enabling RAC to purchase and hold an item of Purchase Money Inventory for resale, RAC shall deliver to AFC, at AFC’s request, a certificate in a form acceptable to AFC, certifying that the Advance will only be used to purchase Vehicles encumbered by this Note.
Conditions to Advances. The obligations of RUS to approve any Advance of the Grant is subject to the satisfaction of each of the following conditions precedent on or before the date of such Advance (all documents, certificates and other evidence of such conditions precedent are to be satisfactory to RUS in its discretion):
Conditions to Advances. The Lenders shall not be obligated to make any Advances unless the following conditions have been satisfied:
Conditions to Advances. The obligation of the Bank to make any Advance is subject to the following conditions: (i) the satisfaction of each condition in Section 4.01 hereof on or prior to the Effective Date, (ii) receipt by the Bank of a properly presented and conforming Notice of Borrowing in accordance with Section 2.02(a) hereof and (iii) no Special Event of Default or Suspension Event shall have occurred and be continuing. In addition, the Bank shall have no obligation to make an Advance the proceeds of which shall be used to pay the principal of or interest on any maturing Commercial Paper Note that was adopted by the City or the Issuing and Paying Agent after receipt by the Issuing and Paying Agent and the City of a
