Common use of Conditions to the Disbursement Clause in Contracts

Conditions to the Disbursement. The obligation of the Lenders to make the Disbursement shall be subject to the satisfaction (or written waiver) of the following conditions in a manner satisfactory to each Lender:

Conditions to the Disbursement. The obligation of the Lenders to make the Disbursement shall be subject to the satisfaction (or written waiver) fulfillment of the following conditions in conditions: (a) The Lenders shall have received executed counterparts of the Transaction Documents from the Borrower, a manner satisfactory certificate as to each Lender:its Organizational Documents, resolutions and incumbency and an opinion of its counsel reasonably acceptable to the Lenders;