Common use of Conditions to Initial Loan Clause in Contracts

Conditions to Initial Loan. The Bank shall not make any Loan until the Borrower has delivered to the Bank, in addition to this Agreement and the Note, the following in form and substance satisfactory to the Bank: (a) the Pledge Agreement for each Fund requesting a Loan; (b) all appropriate financing statements (Form UCC‑1) and control agreements (substantially in the form of Annex I to the Pledge Agreement); (c) a Certificate of the Borrower in the form of Exhibit 3.1, and all attachments thereto; (d) as the Bank may require, UCC searches, tax lien and litigation searches, insurance certificates, notices, filings, acknowledgments or other documents or control agreements to reflect, perfect, or protect the priority of the Bank's priority Lien in the Collateral pledged to the Bank pursuant to the Pledge Agreements and to fully consummate this transaction; (e) payment by the Borrower of all fees and expenses of the Bank, including without limitation, reasonable counsel fees incurred by the Bank in connection with the preparation and negotiation of this Agreement and the other Loan Documents, and all recording fees and taxes, if any, subject to a maximum amount of $1,500; (f) as the Bank may require, all documentation needed to establish a demand deposit account with the Bank for each Fund if necessary for administrative and operational purposes, which account shall be used to receive proceeds of Loans made hereunder to each Fund; (g) the Authorization Letter; (h) the prospectus, Statement of Additional Information and Custody Agreement for each Fund; and (i) such additional information and materials as the Bank may reasonably request.

Conditions to Initial Loan. The Bank shall not make any Loan until the Borrower has delivered to the Bank, in addition to this Agreement and the Note, the following in form and substance satisfactory to the Bank: (a) the Pledge Agreement for each Fund requesting a Loan; (b) all appropriate financing statements (Form UCC‑1UCC-1) and control agreements (substantially in the form of Annex I to the Pledge Agreement); (c) a Certificate of the Borrower in the form of Exhibit 3.1, and all attachments thereto; (d) as the Bank may require, UCC searches, tax lien and litigation searches, insurance certificates, notices, filings, acknowledgments or other documents or control agreements to reflect, perfect, or protect the priority of the Bank's ’s priority Lien in the Collateral pledged to the Bank pursuant to the Pledge Agreements and to fully consummate this transaction; (e) payment by the Borrower of all fees and expenses of the Bank, including without limitation, reasonable counsel fees incurred by the Bank in connection with the preparation and negotiation of this Agreement and the other Loan Documents, and all recording fees and taxes, if any, subject to a maximum amount of $1,500; (f) as the Bank may require, all documentation needed to establish a demand deposit account with the Bank for each Fund if necessary for administrative and operational purposes, which account shall be used to receive proceeds of Loans made hereunder to each Fund; (g) the Authorization Letter; (h) the prospectus, Statement of Additional Information and Custody Agreement for each Fund; and (i) such additional information and materials as the Bank may reasonably request.

Conditions to Initial Loan. The Bank shall not make any Loan until the Borrower has delivered to the Bank, in addition to this Agreement and the NoteNotes, the following in form and substance satisfactory to the Bank: (a) the Pledge Agreement for each Fund requesting a LoanAgreement; (b) the Legal Opinion; (c) all appropriate financing statements (Form UCC‑1) and control agreements (substantially in the form of Annex I to the Pledge AgreementUCC-1); (cd) a Certificate of the Borrower in the form of Exhibit 3.1, and all attachments thereto; (de) as the Bank may require, UCC searches, tax lien and litigation searches, insurance certificates, notices, filings, acknowledgments or other documents or control agreements to reflect, perfect, or protect the priority of the Bank's priority Lien in the Collateral collateral pledged to the Bank pursuant to the Pledge Agreements and to fully consummate this transaction; (ef) payment by the Borrower of all fees and expenses of the Bank, including without limitation, reasonable counsel fees incurred by the Bank in connection with the preparation preparation, negotiation, administration and negotiation enforcement of this Agreement and the other Loan DocumentsAgreement, and all recording fees and taxes, if any, subject to a maximum amount of $1,500; (fg) as the Bank may require, all documentation needed to establish a demand deposit account with the Bank for each the Fund if necessary for administrative and operational purposes, which account shall be used to receive proceeds of Loans made hereunder to each the Fund; (g) the Authorization Letter; (h) the prospectus, Statement of Additional Information and Custody Agreement for each FundAuthorization Letter; and (i) such additional information and materials as the Bank may reasonably request.