Common use of Lender Conditions on the Closing Date Clause in Contracts

Lender Conditions on the Closing Date. No Lender shall have any obligation to make a Loan for the reimbursement of the cost of any Component or the acquisition of any Item of Equipment hereunder unless on the Closing Date each of the following conditions are fulfilled: (i) Such Lender shall have received original counterparts (unless otherwise specified) in each case duly authorized, executed and delivered by each other party thereto in form and substance satisfactory to such Lender and in full force and effect of this Agreement, the Loan Agreement and its Note and copies of the Trust Agreement, the Lease Agreement, and the Assembly Agency Agreement. (ii) Such Lender shall have received from Trust Company, in form and substance satisfactory to such Lender, the certificate of incorporation and by-laws, each certified as of the Closing Date by the secretary of Trust Company, duly authorizing the execution, delivery and performance of this Agreement, the Lease Agreement, the Assembly Agency Agreement and each other document to be delivered in connection therewith to which it is a party, together with an incumbency certificate as to the person or persons authorized to execute and deliver such documents on behalf of Trust Company. (iii) Such Lender shall have received written opinions of counsel to Lessor and Trust Company dated the Closing Date and addressed to each Lender, each Certificate Holder, the Administrative Agent, and the Collateral Agent, in the form attached hereto as Exhibit E-3.