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

Conditions Precedent to Initial Credit Event. The obligation of each Lender to make its initial Loan hereunder, and the obligation of the Issuing Bank to issue the initial Letter of Credit hereunder, are subject to the following conditions precedent:

Conditions Precedent to Initial Credit Event. The obligation of each Lender the Bank to make its the initial Loan hereunder, and the obligation of the Issuing Bank to issue the initial Letter of Credit hereunder, are hereunder is subject to the following conditions precedent:

Conditions Precedent to Initial Credit Event. The obligation of each Lender the Bank to make its initial Loan hereunder, and the obligation of the Issuing Bank Advance or to issue the initial Letter of Credit hereunder, are is subject to the following conditions precedentprecedent that: