Common use of Initial and Subsequent Loans Clause in Contracts

Initial and Subsequent Loans. The obligation of each Lender to make any Loan to be made by it hereunder, and the obligation of the Issuing Bank to issue any Letter of Credit hereunder, is subject to the conditions precedent that, as of the date of such Loan or such issuance, and before and after giving effect thereto:

Initial and Subsequent Loans. The obligation of each Lender the Banks to make any Loan to be made by it hereunder, and a Borrower upon the obligation occasion of each borrowing hereunder (including the Issuing Bank to issue any Letter of Credit hereunder, initial borrowing) is subject to the further conditions precedent that, as of that both immediately prior to the date making of such Loan or such issuance, and before and also after giving effect theretothereto and to the intended use thereof:

Initial and Subsequent Loans. The obligation of each Lender to make any Loan to be made by it hereunder, and the obligation of the any Issuing Bank to issue any Letter of Credit hereunder, is subject to the conditions precedent that, as of the date of such Loan or such issuance, and before and after giving effect thereto:: 103

Initial and Subsequent Loans. The obligation of each Lender any Bank to make any Loan to be made by it hereunder, and the obligation of the Issuing Bank to issue any Letter of Credit hereunder, hereunder (including such Bank's initial Loan) is subject to the further conditions precedent that, as of both immediately prior to the date making of such Loan or such issuance, and before and also after giving effect theretothereto and to the intended use thereof: