Common use of Conditions to All Disbursements Clause in Contracts

Conditions to All Disbursements. The obligation of the Bank to make any Revolving Loan on any Disbursement Date, including, but not limited to, the Disbursement Date first occurring, are subject to the occurrence, prior to or on the Disbursement Date related to such Revolving Loan, of each of the following conditions, any or all of which may be waived in whole or in part by the Bank in writing. Additionally, the Bank's lien in the Collateral shall be, as it relates to the Collateral, a first and superior lien subject only to the Permitted Liens.