Satisfaction of plaintiff's warranty under article II (para [13]) of the subject building loan agreement that it would "not require and will not avail itself of any additional extension of credit" beyond the stipulated $9.8 million loan cap, was a condition precedent to defendant's obligation to advance funds under article I, and failure to abide by all warranties and representations constituted a "default event" under article IV. Furthermore, under article VII (para [5]...
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