Common use of First Subsequent Advance Clause in Contracts

First Subsequent Advance. Lender's obligation to make the ------------------------ first Advance to the Borrower after the initial Advance is also subject to the satisfaction of the following further conditions precedent, and the acceptance of the proceeds of any Advance by Borrower shall constitute certification by Borrower that the following conditions shall have been satisfied immediately prior to the making of such Advance:

First Subsequent Advance. Lender's obligation to make the ------------------------ first Advance to the Borrower after the initial Advance is also subject to the satisfaction of the following further conditions precedent, and the acceptance of the proceeds of any Advance by Borrower shall constitute certification by Borrower that the following conditions shall have been satisfied immediately prior to the making of such Advance: