Conditions to Term Loans. The obligations of Lenders to make the Term Loans are, in addition to the conditions precedent specified in subsection 4.2, subject to prior or concurrent satisfaction of the following conditions:
Conditions to Term Loans. The obligations of Lenders to make the Loans to be made on the Closing Date are, in addition to the conditions precedent specified in subsection 4.2, subject to prior or concurrent satisfaction of the following conditions:
Conditions to Term Loans. The obligation of the Lenders to make any Term Loans is subject to the following conditions precedent:
(a) The Administrative Agent shall have received in accordance with the provisions of Section 2.03(b) hereof an originally executed Request for Term Loans.
(b) The Company, by a duly authorized Senior Responsible Officer, shall have executed and delivered to the Administrative Agent on the applicable Term Loan Issuance Date, for delivery to the Lenders, Term Notes to evidence such Term Loans, dated as of the Term Loan Issuance Date, in the aggregate principal amount of the Term Loans and with other appropriate insertions.
(c) The Administrative Agent shall have received an opinion of in-house counsel of the Company, addressed to the Administrative Agent and each Lender, substantially in the form of Exhibit H attached hereto.
Conditions to Term Loans. The obligation of the Lenders to make their respective Term Loans to the Borrower on the Expiry Date shall be subject to the satisfaction of the following conditions precedent:
Conditions to Term Loans. The obligation of the Lenders to make any Term Loans is subject to the following conditions precedent:
(a) The Administrative Agent shall have received in accordance with the provisions of Section 2.03(b) hereof an originally executed Request for Term Loans.
(b) Each Co-Obligor, by a duly authorized Senior Responsible Officer, shall have executed and delivered to the Administrative Agent on the applicable Term Loan Issuance Date, for delivery to the Lenders, Term Notes to evidence such Term Loans, dated as of the Term Loan Issuance Date, in the aggregate principal amount of the Term Loans and with other appropriate insertions.
(c) Except in connection with Advances that are converted to Term Loans under Section 2.03(b), the Administrative Agent shall have received opinions of counsel to the Company, the Co-Obligors and Chicago Bridge & Iron Company B.V., addressed to the Administrative Agent and each Lender, in substantially the same form as those opinions of counsel delivered on the Closing Date (with such modifications as are necessary to address the Term Notes then being issued).
Conditions to Term Loans. 18 Section 3.1. Conditions Precedent to Initial Loans......................................... 18 Section 3.2. Conditions Precedent to Each Term Loan........................................ 20
Conditions to Term Loans. Without duplication of any conditions precedent required to be satisfied pursuant to Section 4.1 and Section 4.2, the obligations of the Lenders to make any Term Loans shall be subject to the satisfaction of each of the additional conditions precedent set forth in this Section 4.3.
(a) the Agent shall have received a certification from the Borrower that no event has occurred that could reasonably be expected (i) to result in a Cost Overrun, or (ii) to result in a Project Delay;
(b) the Agent shall have received a Monthly Progress Report for the immediately preceding calendar month, certified by the Independent Engineer;
(c) the Agent shall have received evidence satisfactory to it that (i) the Borrower has received all equity contributions needed as of that time to satisfy the equity contribution requirements set forth in the Agreement to Contribute Capital, and that such contributions shall have been deposited into the Cost Overrun Account, and (ii) the principal amount of Term Loans requested in such Borrowing Request does not exceed the amount of Construction Expenses then due and payable after deducting the amount, if any, then on deposit in the Cost Overrun Account;
(d) the Agent shall have received copies of all invoices and other supporting information with respect to the amount for which such Term Loans are requested; and
(e) if requested by the Agent, the Agent shall have received a title continuation with respect to, or an endorsement of, the Project Title Insurance Policy, updating the date of the Project Title Insurance Policy to the date of the disbursement requested in the Borrowing Request for such Term Loans, in each case in form and substance satisfactory to the Agent;
(f) if any portion of the proceeds of such Term Loans are to be used by the Borrower to purchase its initial Inventory of canola seed, the Agent shall have received an Excess Contingency Funds Certificate; and
(g) in addition to each of the other conditions precedent to the obligations of the Lenders to make any Term Loans, with respect to the initial funding of the Term Loans, the Agent shall have received (i) copies of all invoices and other supporting information with respect to all disbursements of Contributions, whether from the Cost Overrun Account or otherwise, applied to the payment of Construction Expenses, (ii) evidence that the entire amount of the PICO Equity Contribution has been applied to the payment of Construction Expenses, and (iii) a title continuation wit...
Conditions to Term Loans. In addition to the conditions precedent set forth in Section 2.2 hereof, ----------- the obligation of each Lender to make Term Loans hereunder shall be subject to the satisfaction of the following additional conditions precedent:
Conditions to Term Loans. 5.1 Term Loans 55 5.1.1 Resolutions, etc. 55 5.1.2 Loan Documents 56 5.1.3 Payment of Outstanding Indebtedness, etc. 56 5.1.4 Borrower Closing Date Certificate 56 5.1.5 Borrowing Request, etc. 57 5.1.6 Borrower Pledge Agreement 57 5.1.7
Conditions to Term Loans. The agreement of each Lender to make the Term Loan requested to be made by it under the Term Loan Commitments is subject to the satisfaction, prior to or concurrently with the making of such Term Loan on the Tender Funding Date, of the following conditions precedent:
(a) Initial Conditions. The conditions precedent set forth in Section 5.1 hereto shall have been satisfied (or waived in a manner satisfactory to the Syndication Agent) and shall remain satisfied as of the Tender Funding Date.
