Conditions to Initial Advance. The obligation of the Lender to make the initial Advance shall be subject to the satisfaction of the following conditions precedent:
Appears in 3 contracts
Samples: Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc), Construction Loan and Security Agreement (Griffin Land & Nurseries Inc)
Conditions to Initial Advance. The obligation of the each Lender to make the initial Initial Advance shall be subject to the satisfaction of the following conditions precedent:
Appears in 2 contracts
Samples: Credit Agreement (Prime Group Realty Trust), Mezzanine Construction Loan Agreement (Prime Group Realty Trust)
Conditions to Initial Advance. The obligation of the Lender to make the initial Advance shall be subject to the satisfaction or waiver by Lender, prior thereto or concurrently therewith, of each of the following conditions precedent:
Appears in 1 contract
