Common use of Conditions Precedent to Loan Closing Clause in Contracts

Conditions Precedent to Loan Closing. 1. The additional conditions referred to in Section 4.1(j) are as follows: None 2. Section 4.2(b) amount of fidelity bond coverage: $13,221,114 3. Section 4.2(d) funds deposited for Project completion: None 4. The additional conditions referred to in Section 4.2(e) are as follows: a. The Awardee has provided RUS with ***of its *** with respect to the ***; and b. The *** referred to immediately above in paragraph (a) has concluded. c. RUS shall have received the following executed agreements, in form and substance satisfactory to RUS, which incorporate the fees and rates projected for each respective agreement in the Application: 1. An agreement with GCI Communication Corporation for design and engineering, construction management, and other services; 2. An agreement with GCI Communications Corporation for operation and maintenance of the Awardee's system outside the existing LEC service area; 3. An agreement with GCI Communication Corporation for space and power in GCI Communication Corporations facilities.; 4. An agreement with Unicom, Inc. for space and power in Unicom's existing facilities.

Appears in 2 contracts

Sources: Loan/Grant and Security Agreement (General Communication Inc), Loan/Grant and Security Agreement (Gci Inc)