Conditions to Disbursement of the Loan. The obligation of the Lenders to make the initial Disbursement shall be subject to the fulfillment of the following conditions:
Appears in 2 contracts
Samples: Facility Agreement (Zymogenetics Inc), Facility Agreement (Array Biopharma Inc)
Conditions to Disbursement of the Loan. (a) The obligation of the Lenders to make the initial Disbursement shall be subject to the fulfillment of the following conditions:. The Lenders shall have received a copy of customary closing documents evidencing the authorization of the Borrower to execute, deliver and perform each of the Financing Documents and to engage in the transactions contemplated thereby and an opinion of Borrower’s counsel reasonably satisfactory to the Lenders.
Appears in 2 contracts
Samples: Facility Agreement (Exelixis Inc), Facility Agreement (Exelixis Inc)
Conditions to Disbursement of the Loan. The obligation of the Lenders Lender to make the initial Disbursement Loan shall be subject to the fulfillment of the following conditions:. The Lender shall have received a copy of customary closing documents evidencing the authorization of the Borrower to execute, deliver and perform each of the Financing Documents and to engage in the transactions contemplated thereby and an opinion of Borrower’s counsel reasonably satisfactory to the Lender.
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