Common use of First Borrowing by Each Borrowing Subsidiary Clause in Contracts

First Borrowing by Each Borrowing Subsidiary. The obligation of each Lender to make Loans to any Borrowing Subsidiary shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.07): (a) the Administrative Agent and each Lender shall have received a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary, and such Borrowing Subsidiary Agreement shall have become effective in accordance with Section 9.15. (b) The Administrative Agent and each Lender shall have received (i) all documentation and other information related to such Borrowing Subsidiary required by the Administrative Agent and each Lender under applicable “know your customer” or similar identification rules and regulations, including the USA Patriot Act, and (ii) such other documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of such Borrowing Subsidiary and the authorization of the Transactions insofar as they relate to such Borrowing Subsidiary, all in form and substance satisfactory to the Administrative Agent and its counsel.

First Borrowing by Each Borrowing Subsidiary. The obligation of each Lender to make Loans to any Borrowing Subsidiary shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.07): (a) the Administrative Agent and each Lender shall have received received, not less than 10 days prior to the date of the first proposed Borrowing by such Borrowing Subsidiary, a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary, and such Borrowing Subsidiary Agreement shall have become effective in accordance with Section 9.15. (b) The Administrative Agent and each Lender shall have received (i) all documentation and other information related to such Borrowing Subsidiary required by the Administrative Agent and each Lender under applicable “know your customer” or similar identification rules and regulations, including the USA Patriot Act, and (ii) such other documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of such Borrowing Subsidiary and the authorization of the Transactions insofar as they relate to such Borrowing Subsidiary, all in form and substance satisfactory to the Administrative Agent and its counsel.

First Borrowing by Each Borrowing Subsidiary. The obligation of each Lender to make Loans to any Borrowing Subsidiary shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.079.02): (a) the Administrative Agent and each Lender shall have received received, not less than 10 days prior to the date of the first proposed Borrowing by such Borrowing Subsidiary, a copy of the Borrowing Subsidiary Agreement executed by such Borrowing Subsidiary, and such Borrowing Subsidiary Agreement shall have become effective in accordance with Section 9.15. (b) The Administrative Agent and each Lender shall have received (i) all documentation and other information related to such Borrowing Subsidiary required by the Administrative Agent and each Lender under applicable “know your customer” or similar identification rules and regulations, including the USA Patriot Act, and (ii) such other documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of such Borrowing Subsidiary and the authorization of the Transactions insofar as they relate to such Borrowing Subsidiary, all in form and substance satisfactory to the Administrative Agent and its counsel.