Common use of First Advance Clause in Contracts

First Advance. The obligations of the Lenders to make the first Advance are subject to the following additional conditions precedent, each of which shall have been met or performed on or before the Closing Date:

First Advance. The obligations of the Lenders to make the first Advance after the Closing Date are subject to the following additional conditions precedent, each of which shall have been met or performed on or before the Closing Date: