HA. "the final two conditions required by the issuer" - probably something quite simple like a draw-down notice and an officer's certificate to the effect that no material adverse change has occurred with respect to the assets underlying the loan. Just a guess, but it seems to me that QASP is bascially PR'ing the money but in way that the market won't quite consider "final" so that they can buy some w/out being in violation of their disclosure obligations.