Conditions Precedent to Each Disbursement Sample Clauses

Conditions Precedent to Each Disbursement. Agency’s obligation to disburse Grant money to Subrecipient pursuant to Section 2.03 is subject to satisfaction, with respect to each disbursement, of each of the following conditions precedent: Agency has received sufficient funds under VOCA to allow the Agency, in the reasonable exercise of its discretion, to make the disbursement; Agency has received a copy of the Certifications Regarding Lobbying, Debarment, Suspension and Other Responsibility Matters, and Drug-Free Workplace Requirements; Standard Assurances; Single Audit Certification Letter; Certification of Compliance with Regulations, Office for Civil Rights, Office of Justice Programs for Subgrants Issued by the Oregon Department of Justice; and Victims of Crime Act Special Conditions all in the form attached hereto as Exhibits E - I respectively, and incorporated herein by this reference, duly executed and delivered on behalf of Subrecipient by an authorized official of Subrecipient; Subrecipient certifies insurance coverage is in full force for the duration of this Agreement; If Subrecipient expends $750,000 or more in federal funds from all sources in a fiscal year, Subrecipient has submitted the most recent single organization-wide audit conducted in accordance with the provisions of 2 CFR Part 200, Subpart F; If Subrecipient agency does not claim an exemption from the EEOP requirement (Subrecipient is an educational, medical or non-profit institution or an Indian Tribe; or Subrecipient has less than 50 employees; or Subrecipient was awarded less than $25,000 in federal U.S. Department of Justice funds), Subrecipient has prepared, maintained on file, submitted to the Office for Civil Rights for review (if receiving a single award of $500,000 or more), and implemented an EEOP; No default as described in Section 6.03 has occurred; and Subrecipient’s representations and warranties set forth in Section 4 are true and correct on the date of disbursement with the same effect as though made on the date of disbursement.

Conditions Precedent to Each Disbursement. The agreement of the Primary Lender to fund any Disbursement under this Agreement and any obligations of the Alternate Lender to fund any Disbursement under this Agreement shall be subject only to the Facility Agent's receipt of a Certificate Authorizing Disbursement, upon which each such Lender may conclusively rely.

Conditions Precedent to Each Disbursement. CHFFA’s obligation to make each disbursement of Grant funds during the Grant Period under this Agreement is subject to all of the following conditions:

Conditions Precedent to Each Disbursement. The Lender shall not be obliged to make a Disbursement unless the Global Agent shall have received the notifications referred to in Clause 4.2(b) (Conditions of Each Disbursement) of the Common Terms Agreement.

Conditions Precedent to Each Disbursement. Borrower shall comply with, and Lender's obligation to disburse each Loan Advance after the first Loan Advance shall be conditioned upon Borrower's performance of the following conditions precedent:

Conditions Precedent to Each Disbursement. Lender's obligation to make any Disbursement of the Loan shall be further subject to the following: (a) Borrower shall submit to Lender a Disbursement Request in form and content acceptable to Lender and executed by an authorized officer or other representative of Borrower; (b) No Event of Default (as herein defined), or any event which with notice or the passage of time would constitute an Event of Default, shall then exist hereunder; (c) Borrower shall provide Lender with such information as Lender may reasonably require regarding: (i) the proposed use of the requested Loan funds; and (ii) the proposed collateral to be pledged by Borrower in connection with the requested Disbursement, including, without limitation, copies of the promissory note and the deed of trust to be collaterally assigned to Lender (which must conform to FIDICIA guidelines), a copy of the appraisal for the real property encumbered by such deed of trust, and a copy of the lender's policy of title insurance insuring such deed of trust as a lien on the real property encumbered thereby, all of which shall be in form and content acceptable to Lender in its sole discretion; and (d) Borrower and/or Del Mar Mortgage shall execute and deliver to Lender, as security for the Loan, such Collateral Assignment Documents as Lender shall require to collaterally assign to Lender the promissory note(s), and deed(s) of trust securing the same (the "Collateral Notes/Deeds of Trust"), executed by third parties in favor of Borrower or Del Mar Mortgage. The Collateral Documents shall include, but not be limited to, a Security Agreement, a Collateral Assignment of Note And Deed of Trust, and an Assignment Endorsement in substantially the form attached hereto as ▇▇▇▇▇▇▇▇ "▇", "▇" and "C", respectively. In addition to the Collateral Assignment Documents, Borrower shall deliver to Lender the original Collateral Notes/Deeds of Trust, the original lender's policy or policies of title insurance insuring the same, and ALTA form 104 title endorsements thereto in favor of Lender in connection with the Collateral Assignment Documents. Borrower shall pay all of costs, fees and expenses incurred by Lender in connection with the Collateral Assignment Documents, including, reasonable attorneys' fees and costs, and title insurance premiums.

Conditions Precedent to Each Disbursement. The obligation of the Authority to make any disbursements under the Agreement is subject to all of the following conditions:

Conditions Precedent to Each Disbursement. Lender's obligation to make the ----------------------------------------- initial Loan disbursement and each subsequent Loan disbursement under this Agreement shall be subject to the fulfillment to Lenders satisfaction of all of the conditions set forth in this Agreement and in the Related Documents.

Conditions Precedent to Each Disbursement. At no time and in no event shall Lender be obligated to disburse funds: a. if any Event of Default as described herein or in the Mortgage or other Loan Documents shall have occurred and shall not have been cured, except that Lender may, at Lender's option, pay itself accrued interest to the extent that Loan proceeds allocated to an interest reserve in the Loan Budget remain undisbursed; or b. if Lender determines that construction cannot be completed within the time required by this Loan Agreement; or c. if, prior to the Loan closing and at all times during the term of the Loan, Lender is not satisfied, in its sole discretion, that the proceeds of the Loan remaining undisbursed will be sufficient to complete all of the Improvements according to the Plans and Specifications and to pay for all labor, materials and costs and all other costs and disbursements required to complete the Improvements, including interest and other non-construction costs. If required by Lender, Borrower shall pay with its own funds and furnish written documentation which satisfactorily accounts to Lender for all acquisition, development, or other construction costs in excess of the proceeds of this Loan necessary to fully complete the construction of the Improvements. Each such payment shall be expended before any or any other Loan disbursement will be made, and it shall be advanced as construction progresses; or d. if the Property shall have been damaged by fire or other casualty.