Common use of Conditions to the Initial Borrowing Date Clause in Contracts

Conditions to the Initial Borrowing Date. This obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

Conditions to the Initial Borrowing Date. This obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:: CHAR1\1829960v3