LOAN CLOSING CONDITIONS Sample Clauses

LOAN CLOSING CONDITIONS. At the time each loan is made, the following conditions must be satisfied: • the borrower must be an entity that satisfies the criteria applicable to “eligible borrowers” as set forth in the TALF Standing Loan Facility Procedures; • the principal amount of the loan must be at least $10,000,000; • the loan must be secured (i) by ABS having an aggregate Collateral Value (as defined in Annex A), measured as of the third business day before the loan closing date,6 at least equal to the principal amount of the loan and (ii) unless the loan is secured by SBA Pool Certificates, by a single “item of eligible collateral” (i.e., ABS with the same CUSIP or other unique identifying number); • the ABS must not be backed by underlying credit exposures that were originated7 or securitized by the borrower or any of its affiliates, and all other criteria applicable to eligible collateral, as set forth in the TALF Standing Loan Facility Procedures, must be satisfied with respect to each ABS securing the loan; • each distinct item of eligible collateral securing the loan must have a Market Value (as defined in Annex A), measured as of the third business day before the loan closing date, of at least $10,000,000 (or, if the item of eligible collateral is an SBA Pool Certificate, at least $1,000,000); • in the case of a fixed rate loan, the ABS securing the loan must bear interest at a fixed rate (or, if the loan is secured by CMBS, either a fixed rate or a rate that varies on the basis of the weighted average of the fixed rates of the mortgage loans underlying the CMBS); • in the case of a floatingrate loan, (i) the ABS securing the loan must bear interest at a floating rate, (ii) if the loan has an interest rate tied to the federal funds target rate, the collateral for the loan must consist solely of SBA Pool Certificates and
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LOAN CLOSING CONDITIONS. 5.1 The Borrower agrees that the Borrower will perform and satisfy all of the following conditions precedent on or before the Loan Closing Date, and the Borrower agrees that the Lender's obligation to make the Loan is conditioned upon the Borrower's furnishing (or causing to be furnished) to the Lender the following, all in form and substance satisfactory to the Lender, in its sole discretion on or before the Loan Closing Date:
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LOAN CLOSING CONDITIONS. The conditions precedent for closing the Loan as set forth in ARTICLE III shall have been fully met to the satisfaction of Lender.
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LOAN CLOSING CONDITIONS. Borrower has fully satisfied and/or performed each of the Loan Closing Conditions as of the Closing Date or said Loan Closing Conditions have been waived in writing by Lender.
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LOAN CLOSING CONDITIONS. The obligation of Lender to make the Loan on the Closing Date is subject to the fulfillment by Borrower of the following conditions precedent (“Loan Closing Conditions”) no later than the Closing Date, each in form and substance satisfactory to Lender (but if any Loan Closing Condition is not fully satisfied by the Closing Date and Lender elects, in its sole and absolute discretion, to proceed with funding of the Loan, no such unsatisfied Loan Closing Condition shall be deemed waived (at such time or any other time) unless Lender gives Borrower written notice that it is permanently waiving any such Loan Closing Condition):
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Related to LOAN CLOSING CONDITIONS

  • FPS Closing Conditions (a) The obligation of the Purchaser to purchase the Forward Purchase Securities at the FPS Closing under this Agreement shall be subject to the fulfillment, at or prior to the FPS Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

  • Closing Conditions (a) The obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:

  • Post-Closing Conditions On or before each of the dates specified in this Section 4.3, Borrower shall satisfy each of the items specified in the subsections below:

  • Purchaser’s Closing Conditions The Purchaser’s obligations to close the transactions described in this Agreement are subject to the satisfaction at or prior to Closing of the following conditions precedent (the “Purchaser’s Closing Conditions”):

  • Seller’s Closing Conditions The obligations of Seller under this Agreement are subject, at the option of Seller, to the satisfaction, at or prior to the Closing, of the following conditions:

  • Buyer’s Closing Conditions The obligations of Buyer under this Agreement are subject, at the option of Buyer, to the satisfaction, at or prior to the Closing, of the following conditions:

  • Company Closing Conditions The Company’s obligation to consummate the transaction hereunder at the Closing shall be subject to the following conditions, any one or more of which may be waived by the Company:

  • Closing Conditions to Closing The Lender will not be obligated to make the initial Loans or to obtain any Letters of Credit on the Closing Date, unless the following conditions precedent have been satisfied in a manner satisfactory to Lender:

  • Forward Closing Conditions (a) The obligation of the Purchaser to purchase the Forward Purchase Securities at the Forward Closing under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

  • Satisfaction of Closing Conditions The Vendors agree to use their best efforts to ensure that the conditions set forth in Section 5.1, and the Purchaser agrees to use its best efforts to ensure that the conditions set forth in Section 5.3, are fulfilled at or prior to the Closing Time.

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