Common use of Initial Advance Clause in Contracts

Initial Advance. The obligation of the Lender to make the initial --------------- Advance under this Agreement is subject to the satisfaction, in the sole discretion of the Lender, on or before the date thereof of the following conditions precedent:

Appears in 2 contracts

Samples: Warehousing Credit and Security Agreement (National Mortgage Corp), Warehousing Credit and Security Agreement (Novastar Financial Inc)

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Initial Advance. The obligation agreement of the Lender to make the initial --------------- Advance under this Agreement requested to be made by it hereunder is subject to the satisfaction, in immediately prior to or concurrently with the sole discretion making of the Lendersuch Advance, on or before the date thereof of the following conditions precedent:

Appears in 2 contracts

Samples: And Security Agreement (Imperial Credit Commercial Mortgage Investment Corp), New Century Financial Corp

Initial Advance. The obligation agreement of the Lender to make the initial --------------- Advance under this Agreement requested to be made by it hereunder is subject to the satisfaction, in immediately prior to or concurrently with the sole discretion making of the Lendersuch Advance, on or before the date thereof of the following conditions precedent:: a.

Appears in 1 contract

Samples: And Security Agreement (New Century Financial Corp)

Initial Advance. The obligation of the Lender to make the initial --------------- Advance under this Agreement is subject to the satisfaction, in the sole discretion of the Lender, on or before the date thereof thereof, of the following conditions precedent: (a0 The Lender shall have received the following, all of which must be satisfactory in form and content to the Lender, in its sole discretion:

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Hanover Capital Mortgage Holdings Inc)

Initial Advance. The obligation of the Lender to make the --------------- initial --------------- Advance under this Agreement (as amended and restated herein) is subject to the satisfaction, in the sole discretion satisfaction of all of the Lender, following conditions on or before the date thereof of the following conditions precedentsuch Advance:

Appears in 1 contract

Samples: Loan Agreement (Eastgroup Properties Inc)

Initial Advance. The obligation of the Lender to make the initial --------------- any Advance under this Agreement is subject to the satisfaction, in the sole discretion of the Lender, on or before the date thereof thereof, of the following conditions precedent:

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Sirva Inc)

Initial Advance. The obligation of the Lender to make the initial --------------- Advance under this Agreement is subject to the satisfaction, in the sole discretion of the Lender, on or before the date thereof thereof, of the following conditions precedent:

Appears in 1 contract

Samples: Credit and Security Agreement (Iown Holdings Inc)

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Initial Advance. The obligation of the Lender to make the --------------- initial --------------- Advance under this Agreement hereunder is subject to the satisfaction, as determined by the Lender in the its sole discretion of the Lenderdiscretion, on or before the date thereof of the following conditions precedent:

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Preferred Credit Corp)

Initial Advance. The obligation of the Lender to make the initial --------------- Advance under this Agreement is subject to the satisfaction, in the sole reasonable discretion of the Lender, on or before the date thereof thereof, of the following conditions precedent:

Appears in 1 contract

Samples: Loan and Security Agreement (Nab Asset Corp)

Initial Advance. The obligation of the Lender to make the initial --------------- Advance under this Agreement is subject to the satisfaction, in the sole discretion of the Lender, on or before the date thereof of the following conditions precedent:precedent (unless otherwise indicated):

Appears in 1 contract

Samples: Warehousing Credit and Security Agreement (Bingham Financial Services Corp)

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