Common use of Conditions to Initial Advance Clause in Contracts

Conditions to Initial Advance. The obligation of the Bank to make an initial extension of credit hereunder is subject, without limitation, to satisfaction of the following conditions precedent:

Conditions to Initial Advance. The obligation of the Bank to make an initial extension its first Advance or extend credit under either of credit the Facilities hereunder is subjectis, without limitationin addition to the conditions precedent specified in Section 4.2, subject to satisfaction the fulfillment of the following conditions precedentand to the receipt by Bank of the documents described below, duly executed and in form and substance satisfactory to Bank and its counsel: