Common use of Initial Extension of Credit Clause in Contracts

Initial Extension of Credit. The obligation of Lender to make the initial Borrowing under the Revolving Credit Note is subject to the condition precedent that Lender shall have received on or before the day of such Borrowing all of the following, each dated (unless otherwise indicated) the date hereof, in form and substance satisfactory to Lender:

Initial Extension of Credit. The obligation of Lender to make the initial Borrowing advance under the Revolving Credit Note Loan is subject to the condition precedent that Lender shall have received on or before the day of such Borrowing Loan all of the following, each dated (unless otherwise indicated) as of the date hereof, in form and substance satisfactory to Lender:

Initial Extension of Credit. The obligation of the Lender to make the initial Borrowing under the Revolving Credit Note Loan or issue the initial Letter of Credit, to make the initial Equipment Loan, and to make the Term Loan is subject to the condition precedent that the Lender shall have received on or before the day of such Borrowing Loan or Letter of Credit all of the following, each dated (unless otherwise indicated) the date hereof, in form and substance satisfactory to the Lender: