Closing and Conditions of Lending Sample Clauses

The "Closing and Conditions of Lending" clause defines the requirements and procedures that must be satisfied before a loan transaction is finalized and funds are disbursed. Typically, this clause outlines specific conditions such as the delivery of necessary documents, completion of due diligence, and fulfillment of any covenants or representations by the borrower. By clearly stating these prerequisites, the clause ensures that both parties understand what must occur before the lender is obligated to provide financing, thereby reducing the risk of disputes and ensuring a smooth closing process.
Closing and Conditions of Lending. 15 Section 6.1 Conditions Precedent to Agreement....................................................15 Section 6.2 Closing..............................................................................16
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Closing and Conditions of Lending. The obligation of Lender to make each Advance under this Agreement shall be subject to the satisfaction or waiver by Lender, prior thereto or concurrently therewith, of each of the following conditions precedent:
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Closing and Conditions of Lending 
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Related to Closing and Conditions of Lending

  • Conditions of Lending The obligations of the Lenders to make Loans and of the Issuing Bank to issue Letters of Credit hereunder are subject to the satisfaction of the following conditions:

  • CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT The obligation of each Lender to make Loans and of the Issuing Lender to issue Letters of Credit hereunder is subject to the performance by each of the Loan Parties of its Obligations to be performed hereunder at or prior to the making of any such Loans or issuance of such Letters of Credit and to the satisfaction of the following further conditions:

  • Conditions to Closing and Initial Extensions of Credit The obligation of the Lenders to close this Agreement and to make the initial Loan or issue or participate in the initial Letter of Credit, if any, is subject to the satisfaction of each of the following conditions:

  • Closing Conditions of Closing and Borrowing 50 SECTION 6.1 Closing....................................................................... 50 SECTION 6.2 Conditions to Closing and Initial Extensions of Credit........................ 50 SECTION 6.3 Conditions to All Extensions of Credit........................................ 55

  • Conditions Precedent to Obligations of the Company The obligations of the Company to effect the Merger and otherwise consummate the transactions contemplated by this Agreement are subject to the satisfaction, at or prior to the Closing, of the following conditions: