Common use of Conditions Precedent to First Drawdown Clause in Contracts

Conditions Precedent to First Drawdown. The obligation of each Lender to make the relevant portion of its Loan available in connection with the first drawdown is, in addition to the conditions precedent set forth in Section 3.02, subject to the satisfaction, prior to or concurrently with the making of such drawdown, of each of the following conditions precedent:

Appears in 3 contracts

Samples: Term Loan Agreement (Exelon Corp), Term Loan Agreement (Commonwealth Edison Co), Term Loan Agreement (Exelon Corp)

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Conditions Precedent to First Drawdown. The obligation of each Lender to make the relevant portion of its Loan available in connection with the first drawdown is, in addition to the conditions precedent set forth in Section 3.023.03, is subject to the satisfaction, prior to or concurrently with the making of such drawdown, of each of the following conditions precedent:

Appears in 1 contract

Samples: Term Loan Agreement (Exelon Corp)

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