Common use of Conditions Precedent to Initial Disbursement Clause in Contracts

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

Appears in 3 contracts

Sources: Loan Agreement (Balanced Care Corp), Loan Agreement (Balanced Care Corp), Loan Agreement (Balanced Care Corp)

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

Appears in 1 contract

Sources: Loan Agreement (Windrose Medical Properties Trust)