Common use of Conditions to the Initial Loans and Letters of Credit (Closing Date) Clause in Contracts

Conditions to the Initial Loans and Letters of Credit (Closing Date). The obligation of each Lender to make the initial Loan and of each Issuing Bank to issue its initial Letter of Credit hereunder is subject to occurrence of the Execution Date and satisfaction (or waiver in accordance with Section 10.02) of the following conditions precedent:

Conditions to the Initial Loans and Letters of Credit (Closing Date). The obligation agreement of each Lender to make the initial Loan and of each Issuing Bank to Loan, or issue its the initial Letter of Credit hereunder Credit, requested to be made or issued by it is subject to the occurrence of the Execution Date and satisfaction (or waiver in accordance with Section 10.029.1) of the conditions set forth in Section 4.3 and the following conditions precedent: