Common use of Conditions Precedent to Initial Advances Clause in Contracts

Conditions Precedent to Initial Advances. The obligation of each Bank to make its initial Advance and for the Existing Letters of Credit to be deemed Letters of Credit issued by the Issuing Bank hereunder is subject to the conditions precedent that:

Conditions Precedent to Initial Advances. The obligation of each Bank to make its initial Advance and for the Existing Letters of Credit to be deemed Letters of Credit issued by the Issuing Bank hereunder to issue the initial Letter of Credit is subject to the conditions precedent that:

Conditions Precedent to Initial Advances. The obligation of each Bank to make its initial Advance and for of the Existing Issuing Bank to issue the initial Letters of Credit to be deemed Letters of Credit issued by the Issuing Bank hereunder is subject to the satisfaction or waiver in writing of the following conditions precedent thatprecedent:

Conditions Precedent to Initial Advances. The obligation of each Bank to make its initial Advance and for of the Existing Issuing Banks to issue the initial Letters of Credit to be deemed Letters of Credit issued by the Issuing Bank hereunder is subject to the satisfaction or waiver in writing of the following conditions precedent thatprecedent: