Common use of Preconditions Clause in Contracts

Preconditions. The Loan can be drawn when the Bank has received this Agreement signed by the Customer, and is satisfied with: the authority to sign this Agreement. all security and any related insurance. the documents and information needed to comply with its account opening and customer identity requirements.

Preconditions. The Loan can be drawn when the Bank has received this Agreement signed by the Customer, and is satisfied with: the authority to sign this Agreement. all security and any related insurance. the documents and information needed lease of any property charged to comply with its account opening and customer identity requirementsthe Bank.

Preconditions. The Loan can be drawn when the Bank has received this Agreement signed by the CustomerCustomer [and the Parent], and is satisfied with: the authority to sign this Agreement. all security and any related insurance. evidence that the Customer’s contribution has been made in full, from its own resources and not from borrowing. the Customer’s bank statements for the preceding [xx] months. the documents and information needed to comply with its account opening and customer identity requirements. the Customer’s interest rate hedging arrangements.

Preconditions. The Loan can be drawn when the Bank has received this Agreement signed by the Customer, and is satisfied with: the authority to sign this Agreement. all security and any related insurance. [add additional Preconditions as necessary]. the documents and information needed to comply with its account opening and customer identity requirements. This clause and each of the Preconditions are for the sole benefit of the Bank and may be waived by the Bank in whole or in part and on such conditions as it shall think fit.