Conditions to Initial Disbursement of Loans. The obligation of Lenders to make the initial disbursement of the Loans (which Loans shall be made as Committed Loans) shall be subject to satisfaction of each of the following conditions precedent on or before the Closing Date (including, in the case of Borrower, each Guarantor Subpartnership and the REIT, a certificate of each such entity's Secretary or an officer comparable thereto (a "Secretary's Certificate") with respect to authorization, incumbency and all organizational documents):
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Sources: Credit Agreement (Spieker Properties Inc), Credit Agreement (Spieker Properties Inc)
Conditions to Initial Disbursement of Loans. The obligation of Lenders to make the initial disbursement of the Loans (which Loans shall be made as Committed Loans) shall be subject to satisfaction of each of the following conditions precedent on or before the Closing initial Funding Date (including, in the case of Borrower, each Guarantor Subpartnership and the REIT, a certificate of each such entity's Secretary the Secretary, or an officer comparable thereto Assistant Secretary, of Borrower (a "Secretary's Certificate") with respect to authorization, incumbency and all organizational documents):
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