Common use of Conditions Precedent to Advance Clause in Contracts

Conditions Precedent to Advance. The obligation of Lender to make the Advance to Borrower is subject to the Conditions Precedent that Lender shall have received all of the following, in form and substance reasonably satisfactory to Lender and its legal counsel in their sole discretion:

Appears in 4 contracts

Sources: Loan Agreement (Manufactured Housing Properties Inc.), Loan Agreement (Manufactured Housing Properties Inc.), Loan Agreement (Manufactured Housing Properties Inc.)

Conditions Precedent to Advance. The obligation of Lender to make the Advance to Borrower is subject to the Conditions Precedent that Lender shall have received all of the following, in form and substance reasonably satisfactory to Lender and its legal counsel in their sole discretioncounsel:

Appears in 1 contract

Sources: Loan Agreement (Manufactured Housing Properties Inc.)