Common use of Conditions of First Disbursement Clause in Contracts

Conditions of First Disbursement. Unless OPIC otherwise agrees in writing, the obligation of OPIC to deliver Issuing Instructions to the Paying Agent and to authorize the making of the first Disbursement of the Loan shall be subject to the performance by the Company of all its obligations theretofore to be performed under this Agreement and to the fulfillment, in form and substance satisfactory to OPIC in its sole discretion, prior to or concurrently with the making of such first Disbursement, of the following conditions and their continued fulfillment on the date of the first Disbursement: