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Common use of Conditions Precedent to First Disbursement Clause in Contracts

Conditions Precedent to First Disbursement. The City shall not be obligated to make the first Loan disbursement until all of the following conditions have been satisfied:

Appears in 17 contracts

Sources: Construction/Permanent Second Deed of Trust Loan Agreement, Construction/Permanent Second Deed of Trust Loan Agreement, Construction Loan Agreement

Related Clauses

  • Conditions Precedent to Disbursement
  • CONDITIONS PRECEDENT TO LOAN
  • Conditions Precedent to Loans
  • Conditions Precedent to Borrowing
  • Conditions Precedent to Initial Advance

Parent Clauses

  • Conditions Precedent to Disbursement
  • Participations
  • EXECUTING AGENCY
  • Conditions Precedent
  • Automatic Cancellation of Part of the Financing

Sub-Clauses

  • No Event of Default
  • No Advance Without Building Permit
  • Instruments Received by the City
  • Borrower's Request
  • Architect's and the City's Inspector's Approval
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