Common use of Conditions Precedent to Initial Effectiveness Clause in Contracts

Conditions Precedent to Initial Effectiveness. The obligation of each Lender to make the Loan to be made by it on the Closing Date shall become effective on the date on which each of the following conditions are satisfied:

Appears in 6 contracts

Samples: Term Loan Credit Agreement (ITC Holdings Corp.), Term Loan Credit Agreement (ITC Holdings Corp.), Term Loan Credit Agreement (ITC Holdings Corp.)

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Conditions Precedent to Initial Effectiveness. The obligation of each Lender to make the Loan to be made by it on the Closing Date shall become effective on the date on which each of the following conditions are satisfiedsatisfied or waived by each Lender:

Appears in 3 contracts

Samples: Term Loan Credit Agreement (ITC Holdings Corp.), Term Loan Credit Agreement (ITC Holdings Corp.), Term Loan Credit Agreement (ITC Holdings Corp.)

Conditions Precedent to Initial Effectiveness. The obligation of each Lender to make the Loan Loans to be made by it on the Closing Date shall become effective on the date on which each of the following conditions are satisfied:

Appears in 1 contract

Samples: Term Loan Credit Agreement (ITC Holdings Corp.)

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Conditions Precedent to Initial Effectiveness. The obligation of each Lender to make the Loan Initial Term Loans to be made by it on the Closing Date shall become effective on the date on which each of the following conditions are satisfied:

Appears in 1 contract

Samples: Term Loan Credit Agreement (ITC Holdings Corp.)

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