Conditions Precedent to the Initial Loan Advance. The Lender shall have no commitment or obligation whatsoever to make the initial Loan Advance unless and until the following conditions precedent have been satisfied in a manner acceptable to the Lender prior to the initial Loan Advance (unless such conditions are waived by the Lender)
Appears in 2 contracts
Sources: Master Loan Agreement (American Community Properties Trust), Master Loan Agreement (Interstate General Co L P)