Conditions of First Disbursement. The obligation of the Bank tO make 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 fulfilment, in form and substance satisfactory to the Bank, prior to or concurrently with the making of such first Disbursement, of the following further conditions:
Appears in 2 contracts
Sources: Loan Agreement (Amax Gold Inc), Loan Agreement (Amax Gold Inc)