Conditions to Closing and Disbursement of the Loan Sample Clauses

Conditions to Closing and Disbursement of the Loan. 24 9.1 Conditions to Closing. 24 Article 10. OTHER COVENANTS 26 10.1 Mechanics' Liens. 26 10.2 Renewal of Insurance. 27 10.3 Payment of Taxes. 27 10.4 Tax and Insurance Escrow Accounts. 27 10.5 Personal Property. 27 10.6 Leasing Restrictions. 28 10.7 Condition of Facilities. 28 10.8 Inventory and Equipment. 28 10.9 Lender's Attorneys' Fees for Enforcement of Agreement. 28 10.1 Appraisals. 29 10.11 Financial Information. 29 10.12 Financial Covenants. 29 10.13 Lost Note. 30 10.14 Indemnification. 30 10.15 No Additional Debt. 31 10.16 Compliance With Laws. 31 10.17 Organizational Documents. 31 10.18 Management Contracts. 31 10.19 Furnishing Notices. 31 10.2 Authorized Representative. 31 10.21 Single Purpose Entity Provisions. 31 10.22 Right of First Refusal. 33 Article 11. CASUALTIES AND CONDEMNATION 34 11.1 Lender's Election to Apply Proceeds on Indebtedness. 34 11.2 Borrowers' Obligation to Rebuild and Use of Proceeds Therefor. 34 Article 12. ASSIGNMENTS BY LENDER AND BORROWER 35 12.1 Assignments and Participations. 35 12.2 Prohibition of Assignments and Transfers by Borrowers. 35 12.3 Prohibition of Transfers in Violation of ERISA. 35 12.4 Successors and Assigns. 36 Article 13. DEFAULT 36 13.1 Events of Default. 36 13.2 Remedies Conferred Upon Lender. 38 Article 14. GENERAL PROVISIONS 38 14.1 Time is of the Essence. 38 14.2 Captions. 38 14.3 Modification; Waiver. 38 14.4 Governing Law. 39 14.5 Disclaimer. 39 14.6 Partial Invalidity; Severability. 39 14.7 Definitions Include Amendments. 39 14.8 Execution in Counterparts. 39 14.9 Entire Agreement. 39 14.1 Waiver of Damages. 40 14.11 Claims Against Lender. 40 14.12 Jurisdiction. 40 14.13 Set-Offs. 41 14.14 Notices. 41 14.15 Waiver of Jury Trial. 41 14.16 Statutory Notice. 42 LIST OF EXHIBITS TO LOAN AGREEMENT Exhibit A Insurance Requirements Exhibit B Compliance Certificate LOAN AGREEMENT “Emeritol Facilities” THIS LOAN AGREEMENT (“Agreement”) dated as of October 17, 2008, is made by, between and among EMERITOL STONECREEK LODGE LLC, a Delaware limited liability company and EMERITOL MEADOWBROOK LLC, a Delaware limited liability company (each a “Borrower” and collectively, “Borrowers”) and KEYBANK NATIONAL ASSOCIATION, a national banking association, its successors and assigns (“Lender”).
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Conditions to Closing and Disbursement of the Loan 
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Related to Conditions to Closing and Disbursement of the Loan

  • Conditions to Closing and Initial Extensions of Credit The obligation of the Lenders to close this Agreement and to make the initial Loan or issue or participate in the initial Letter of Credit, if any, is subject to the satisfaction of each of the following conditions:

  • Conditions to Obligation to Close (a) Conditions to Obligation of the Purchaser. The obligation of the Purchaser to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • Conditions to Obligations to Close The obligations of Purchaser to consummate the transactions contemplated herein shall be subject to the fulfillment of the following conditions (“Purchaser’s Conditions”), any of which may be waived by Purchaser in its sole and absolute discretion:

  • Conditions to Closing of the Company The Company’s obligation to sell the Securities at the Closing is subject to the fulfillment to its satisfaction on or prior to the Closing Date of each of the following conditions:

  • Conditions to Closing Date This Agreement shall become effective upon, and the obligation of each Lender to make the initial Extensions of Credit on the Closing Date is subject to, the satisfaction of the following conditions precedent:

  • Closing Conditions of Closing and Borrowing 50 SECTION 6.1 Closing....................................................................... 50 SECTION 6.2 Conditions to Closing and Initial Extensions of Credit........................ 50 SECTION 6.3 Conditions to All Extensions of Credit........................................ 55

  • Closing Conditions to Closing The Lender will not be obligated to make the initial Loans or to obtain any Letters of Credit on the Closing Date, unless the following conditions precedent have been satisfied in a manner satisfactory to Lender:

  • Conditions to Closing of the Investors Each Investor’s obligations at the Closing are subject to the fulfillment, on or prior to the Closing Date, of all of the following conditions, any of which may be waived in whole or in part by all of the Investors:

  • CONDITIONS TO CLOSING OF COMPANY The Company's obligation to sell and issue the Shares at the Closing is, at the option of the Company, subject to the fulfillment or waiver of the following conditions:

  • Conditions for Advance and Conditions to Closing Section 7.1

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