Common use of Conditions to the Initial Disbursement Clause in Contracts

Conditions to the Initial Disbursement. The obligation of Lender to make the Initial Disbursement to or for the account of Borrower shall be subject to the satisfaction of all the conditions set forth in this Article IV and, absent satisfaction or Lender's written waiver of the same, Lender shall have no obligation to make the Initial Disbursement.

Conditions to the Initial Disbursement. The obligation of Lender to make the Initial Disbursement to or for the this account of Borrower shall be subject to the satisfaction of all the conditions set forth in this Article IV and, absent satisfaction or Lender's written waiver of the same, Lender shall have no obligation to make the Initial Disbursement.