Common use of Initial Extension of Credit Clause in Contracts

Initial Extension of Credit. The obligation of Bank to make the initial Advance under the Note is subject to the condition precedent that Bank shall have received on or before the day of such Advance all of the following, each dated (as applicable and unless otherwise indicated) on or as of the Closing Date, in form and substance satisfactory to Bank:

Appears in 3 contracts

Samples: Loan Agreement (United Development Funding IV), Loan Agreement (United Development Funding IV), Loan Agreement (Hartman Short Term Income Properties XX, Inc.)

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Initial Extension of Credit. The obligation of Bank to make the initial Advance under the Promissory Note is subject to the condition precedent that Bank shall have received on or before the day of such Advance all of the following, each dated (as applicable and unless otherwise indicated) on or as of the Closing Effective Date, in form and substance satisfactory to Bank:

Appears in 3 contracts

Samples: Loan and Security Agreement (GlassBridge Enterprises, Inc.), Loan and Security Agreement (AmeriHome, Inc.), Loan Agreement (Impac Mortgage Holdings Inc)

Initial Extension of Credit. The obligation of Bank the Lender to make the initial Advance under the Note is subject to the condition precedent that Bank the Lender shall have received on or before the day of such Advance all of the following, each dated (as applicable and unless otherwise indicated) on or as of the Closing Datedate hereof, in form and substance satisfactory to Bankthe Lender:

Appears in 1 contract

Samples: Loan Agreement (Interphase Corp)

Initial Extension of Credit. The obligation of Bank to make the initial Advance under the Note is subject to the condition precedent that Bank shall have received on or before the day of such Advance Closing Date all of the following, each dated (as applicable and unless otherwise indicated) on or as of the Closing Date, in form and substance satisfactory to Bank:

Appears in 1 contract

Samples: Loan Agreement (United Development Funding Income Fund V)

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Initial Extension of Credit. The obligation of Bank to make the initial Advance under the Promissory Note is subject to the condition precedent that Bank shall have received on or before the day of such Advance all of the following, each dated (as applicable and unless otherwise indicated) on or as of the Closing Effective Date, in form and substance reasonably satisfactory to Bank:

Appears in 1 contract

Samples: Loan Agreement (AmeriHome, Inc.)

Initial Extension of Credit. The obligation of Bank the Banks to make the initial Advance under the Note is subject to the condition precedent that Bank the Administrative Agent shall have received on or before the day of such Advance all of the following, each dated (as applicable and unless otherwise indicated) on or as of the Closing Datedate hereof, in form and substance satisfactory to Bankthe Administrative Agent:

Appears in 1 contract

Samples: Credit Agreement (Global Industrial Technologies Inc)

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