Loan Closing and Funding Procedures and Requirements Sample Clauses

Loan Closing and Funding Procedures and Requirements. The obligations of each Participant to make Advances are subject to the prior or contemporaneous closing of the Loan and execution and delivery of the Loan Documents to Agent by Borrower, unless the Loan Committee shall determine otherwise, and Agent shall have in its possession the original Note, the originals of the other documents described below (except for any documents which may have been sent for filing or recording) and the other documents evidencing, securing, guaranteeing and otherwise relating to the Loan. Without limiting the generality of the foregoing, the following documents, properly executed (signed, witnessed, sealed and notarized, as appropriate), dated as of or prior to the Closing Date, and in form and substance satisfactory to Agent and its legal counsel shall be in the possession of Agent.
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Related to Loan Closing and Funding Procedures and Requirements

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