Common use of Closing Date Conditions Precedent Clause in Contracts

Closing Date Conditions Precedent. The effectiveness of this Agreement, the obligation of each Bank to make its ratable share of Loans on the Closing Date or any date thereafter and the obligation of the L/C Issuer to issue L/Cs on the Closing Date or any date thereafter are subject to the condition precedent that Agent shall have received the following items, on or before the Closing Date, in form and substance reasonably satisfactory to Agent in its sole discretion:

Closing Date Conditions Precedent. The effectiveness of this Agreement, and the obligation of each Bank to make its ratable share of Loans on the Closing Date or any date thereafter and the obligation of the L/C Issuer to issue L/Cs on the Closing Date or any date thereafter thereafter, are subject to the condition precedent that Agent shall have received the following items, on or before the Closing Date, in form and substance reasonably satisfactory to Agent in its sole discretion: