Common use of Conditions Precedent to Each Credit Event Clause in Contracts

Conditions Precedent to Each Credit Event. The obligation of each Bank to make each Loan to the Borrower hereunder, and the obligation of the Letter of Credit Issuer to issue each Letter of Credit hereunder, are subject, at the time of each such Credit Event, to the satisfaction of the following conditions:

Conditions Precedent to Each Credit Event. The obligation of each Bank the Lenders to make each Loan to Loan, including the Borrower hereunderinitial Loan, and the obligation of the Fronting Bank to issue, amend, renew or extend any Letter of Credit Issuer to issue each Letter Credit, including the initial Letter(s) of Credit hereunder, are subject, at the time of (each such a "Credit Event"), is subject to the satisfaction of the following conditionsconditions precedent: