Common use of COMMITMENT CONDITIONS Clause in Contracts

COMMITMENT CONDITIONS. The Commitment as to any Borrower is --------------------- conditioned upon the satisfaction of the following conditions: (1) This Agreement shall have become effective pursuant to Section 8 hereof; (2) The Borrower shall have executed and delivered to the Administrative Agent the New Loan Documents to which he or she is a party in form and substance satisfactory to the Banks on or before the applicable Commitment Expiration Date; (3) The Guarantor shall have executed and delivered the New Conseco Guaranty on or before the applicable Commitment Expiration Date; (4) The CIHC shall have executed and delivered the New CIHC Guaranty on or before the applicable Commitment Expiration Date; (5) To the extent not generally described on Schedule I hereto, the other conditions set forth in the New Loan Documents shall be similar to the conditions, including as to the satisfaction of any regulatory requirements, under the Existing Credit Agreement, and all of such conditions shall have been satisfied on or before the applicable Commitment Expiration Date; (6) The absence of the occurrence and continuation of any Termination Event; and (7) The Guarantor shall have certified in writing that the applicable Borrower has accepted the Plan and has satisfied the conditions to the Plan governing such Borrower's participation in the Plan.

COMMITMENT CONDITIONS. The Commitment as to any Borrower is --------------------- conditioned upon the satisfaction of the following conditions: (1i) This Agreement shall have become effective pursuant to Section 8 7 hereof; (2ii) The Borrower shall have executed and delivered to the Administrative Agent the New Loan Documents to which he or she is a party in form and substance satisfactory to the Banks on or before the applicable Commitment Expiration Date; (3iii) The Guarantor shall have executed and delivered the New Conseco Guaranty on or before the applicable Commitment Expiration Date; (4iv) The CIHC shall have executed and delivered the New CIHC Guaranty on or before the applicable Commitment Expiration Date; (5v) To the extent not generally described on Schedule I hereto, the other conditions set forth in the New Loan Documents shall be similar to the conditions, including as to the satisfaction of any regulatory requirements, under the Existing Credit Agreement, and all of such conditions shall have been satisfied on or before the applicable Commitment Expiration Date; (6vi) The absence of the occurrence and continuation of any Termination Event; and (7vii) The Guarantor shall have certified in writing that the applicable Borrower has accepted the Plan and has satisfied the conditions to the Plan governing such Borrower's participation in the Plan.