Initial Project Loan Advance Clause Samples

Initial Project Loan Advance. Prior to the initial Advance by Bank with respect to such Project Loan: a. ORGANIZATIONAL DOCUMENTS. There shall have been furnished to the Bank by such Borrower: i. A copy of the articles of organization of such Borrower, together with any amendments to such agreement, filed with the appropriate Governmental Authorities of the State of Delaware and a copy of the operating agreement of such Borrower, together with any amendments to such agreement; ii. An original Certificate of Existence for such Borrower issued by the Secretary of State of Delaware bearing a recent date; iii. An original Certificate of Qualification as a foreign limited liability company doing business in the state in which the Project in respect of which such Project Loan is being made is located issued the by the Secretary of State of such state; iv. A copy of the articles of incorporation for Developer, together with any and all amendments thereto; v. A copy of the by-laws of Developer, together with any and all amendments thereto; vi. An original Certificate of Existence for Developer issued by the Secretary of State of Delaware bearing a recent date; vii. An original Certificate of Qualification for Developer as a foreign corporation doing business in the state in which the Project in respect of which such Project Loan is being made issued by the Secretary of State of such state; viii. A copy of the resolutions of the Board of Directors of Developer authorizing the execution of the Project Loan Document for such Project Loan by Developer on behalf of such Borrower and the execution of the Developer Guaranty and the Environmental Indemnity Agreement for such Project by Developer in its individual capacity; ix. A copy of the articles of incorporation for ▇▇▇▇▇▇▇▇ ▇▇▇▇ MW, together with any and all amendments thereto; x. A copy of the by-laws of ▇▇▇▇▇▇▇▇ ▇▇▇▇ MW, together with any and all amendments thereto; xi. An original Certificate of Existence for ▇▇▇▇▇▇▇▇ ▇▇▇▇ MW issued by the Secretary of State of Delaware bearing a recent date; and xii. A copy of the resolutions of the Board of Directors of ▇▇▇▇▇▇▇▇ ▇▇▇▇ MW authorizing the execution of the ▇▇▇▇▇▇▇▇ ▇▇▇▇ MW Completion Guaranty and the ▇▇▇▇▇▇▇▇ ▇▇▇▇ MW Transaction Guaranty by ▇▇▇▇▇▇▇▇ ▇▇▇▇ MW in its individual capacity.