Example ContractsClausesConditions Precedent to Each Borrowing
Conditions Precedent to Each Borrowing
Conditions Precedent to Each Borrowing contract clause examples

. The obligation of each Lender to make any Loans is subject to the prior satisfaction of the following conditions (unless waived pursuant to [Section 9.12(d)]):

. The obligation of each Lender to make any Loans is subject to the prior satisfaction of the following conditions (unless waived pursuant to [Section 9.12(d)]):

. The obligation of each Lender to make any Loans is subject to the prior satisfaction of the following conditions (unless waived pursuant to [Section 9.11(c)]):

The Facility Agent shall confirm that each of the conditions precedent set out below have been satisfied (such conditions precedent shall be satisfactory to the Facility Agent provided that such satisfaction shall not be unreasonably withheld or delayed), or the Facility Agent (as decided by the Majority Lenders) has otherwise waived the condition. Upon the confirmation of the Facility Agent, each Lender shall make its participation in each Advance through the Facility Agent in accordance with its then-applicable Commitment Percentage pursuant to Clause 8.1 (Making Advances) hereof.

Conditions Precedent to Each Party’s Obligations. The respective obligations of Buyer and Sellers to consummate the Transaction are subject to the satisfaction or waiver (to the extent permitted by applicable Law) in the waiving party’s discretion, immediately prior to the Closing, of the following conditions:

Conditions to Borrowing. Bank will not be obligated to make (or continue to make) advances hereunder unless # Bank has received the executed original of the Note and all other documents or agreements applicable to any loans described herein, including but not limited to the documents specified in Article IV (collectively with the Agreement the “Loan Documents”), in form and content satisfactory to Bank; # if the Note and loan thereunder is secured, Bank has received confirmation satisfactory to it that Bank has a properly perfected security interest, mortgage or lien, with the proper priority; # Bank has received certified copies of Borrower's and any non-individual guarantor’s governance documents and certification of entity status satisfactory to Bank and all other relevant documents; # Bank has received a certified copy of a resolution or authorization in form and content satisfactory to Bank authorizing the Note and loans and all acts contemplated by the Agreement and all related documents, and confirmation of proper authorization of all guaranties and other acts of third parties contemplated hereunder; # if required by Bank, Bank has been provided with an Opinion of Borrower's counsel in form and content satisfactory to Bank confirming the matters outlined in [Section 3.2] and such other matters as Bank requests; # no default exists under the Agreement or under any other Loan Documents, or under any other agreements by and between Borrower and Bank; and # all proceedings taken in connection with the transaction contemplated by the Agreement (including any required environmental assessments), and all instruments, authorizations and other documents applicable thereto, are satisfactory to Bank and its counsel.

Conditions to Borrowing. Bank will not be obligated to make (or continue to make) advances hereunder unless # Bank has received executed originals of the Note and all other documents or agreements applicable to any loans described herein, including but not limited to the documents specified in Article III (collectively with this Agreement the "Loan Documents"), in form and content satisfactory to Bank; # if the Note and loans thereunder are secured, Bank has received confirmation satisfactory to it that Bank has a properly perfected security interest, security title, mortgage or lien, with the proper priority; # to the extent required by applicable law, Bank has received and reviewed flood determinations covering all real estate collateral securing the Note and loans thereunder, Bank has provided to Borrower any required regulatory notice pertaining to any such real estate collateral located in a special flood hazard area, and Borrower or the owner of any such real estate collateral has provided evidence of sufficient flood insurance covering any real estate collateral located in a special flood hazard area and any personal property contents therein, all in form and content satisfactory to Bank; # Bank has received certified copies of Borrower's governance documents and certification of entity status satisfactory to Bank and all other relevant documents; # Bank has received a certified copy of a resolution or authorization in form and content satisfactory to Bank authorizing the Note and loans and all acts contemplated by this Agreement and all related documents, and confirmation of proper authorization of all guaranties and other acts of third parties contemplated hereunder; # if required by Bank, Bank has been provided with an Opinion of Borrower's counsel in form and content satisfactory to Bank confirming the matters outlined in Section 2.2 and such other matters as Bank requests; # no default exists under this Agreement or under any other Loan Documents, or under any other agreements by and between Borrower and Bank; and # all proceedings taken in connection with the transactions contemplated by this Agreement (including any required environmental assessments), and all instruments, authorizations and other documents applicable thereto, are satisfactory to Bank and its counsel.

The obligations of Lender to make the Loan evidencing the First Financing, including any disbursement of a portion of the Loan on the date of this Agreement (“Closing Date”) shall be subject to the satisfaction (as determined by Lender in its reasonable discretion) of the following conditions precedent:

Conditions to Each Advance. The agreement of Lenders to make any Advance requested to be made on any date (including the initial Advance), is subject to the satisfaction of the following conditions precedent as of the date such Advance is made:

The agreement of Lenders to make or to issue or to cause to be issued any Advance or Letter of Credit requested to be made or issued on any date (including, without limitation, the initial Advance(s) or Letter(s) of Credit), is subject to the satisfaction of the following conditions precedent as of the date such Advance or Letter of Credit is made or issued:

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