Common use of Conditions Precedent to Each Credit Event Clause in Contracts

Conditions Precedent to Each Credit Event. The obligation of each Bank to make each Loan to the Borrower hereunder, and the obligation of the Letter of Credit Issuer to issue each Letter of Credit hereunder, are subject, at the time of each such Credit Event, to the satisfaction of the following conditions:

Conditions Precedent to Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing (including the initial funding), and of the Issuing Bank to make each Loan to the Borrower hereunderissue, and the obligation of the amend, renew or extend any Letter of Credit Issuer to issue each Letter of Credit hereunderCredit, are subject, at the time of each such Credit Event, is subject to the satisfaction of the following conditions:

Conditions Precedent to Each Credit Event. The obligation of each Bank to make each Loan any Loans (other than pursuant to the Borrower hereundera Mandatory Borrowing), and the obligation of the each Letter of Credit Issuer to issue each Letter Letters of Credit hereunderCredit, are is subject, at the time of the making of each such Loan and/or the issuance of each such Letter of Credit Event(except as otherwise hereinafter indicated), to the satisfaction of the following conditionsconditions at such time: