Common use of Conditions to Initial Loan Disbursements Clause in Contracts

Conditions to Initial Loan Disbursements. Lender’s obligation to disburse any of the Loan on the Effective Date is expressly subject to, and shall not arise until all of the conditions set forth below have been satisfied. All of the documents referred to below must be in a form and substance acceptable to Lender.

Conditions to Initial Loan Disbursements. Lender’s obligation to disburse any of the Loan on the Effective Date is expressly subject to, and shall not arise until all of the conditions set forth below have been satisfiedsatisfied or waived. All of the documents referred to below must be in a form and substance acceptable to Lender.