Conditions Precedent for Effectiveness of Agreement. The effectiveness of this Agreement is subject to the satisfaction at or prior to JVA Commencement Date of the following conditions:
Conditions Precedent for Effectiveness of Agreement. The obligation of the Banks to make the Loan and each and every Advance and the obligation of the Issuing Bank to issue Letters of Credit are subject to the following express conditions precedent, all of which, unless otherwise provided below, shall have been satisfied, in each case as determined by Administrative Agent in its sole and absolute discretion, prior to the effectiveness of this Agreement:
