Common use of Conditions Precedent to the Initial Extension of Credit Clause in Contracts

Conditions Precedent to the Initial Extension of Credit. The obligation of the Lenders to fund the initial Borrowing is subject to satisfaction of the following conditions on or before the Closing Date:

Conditions Precedent to the Initial Extension of Credit. The obligation of the Lenders to fund the initial Borrowing or Discretionary Borrowing after the date of this Agreement (or issue the first Additional Letter of Credit hereunder, whichever occurs first) is subject to satisfaction of the following conditions on or before the Closing Dateconditions: