Common use of Conditions Precedent to Initial Credit Events Clause in Contracts

Conditions Precedent to Initial Credit Events. The obligation of each Lender to make Loans, and the obligation of each LC Issuing Bank to issue Letters of Credit, on the Initial Borrowing Date, is subject to the satisfaction of the following conditions: (a) On or prior to the Initial Borrowing Date, the Effective Date shall have occurred; (b) receipt by the Agent, on or prior to the Initial Borrowing Date, (i) for the account of each of the Lenders the appropriate Tranche A Term Note, Tranche B Term Note and/or Revolving Note and (ii) of the Swingline Note for the account of the Swingline Lender, in each case executed by the Borrower and in the amount, maturity and as otherwise provided herein; (c) receipt by the Agent of an opinion of ▇▇▇▇▇ ▇▇▇▇ & ▇▇▇▇▇▇▇▇, counsel for the Obligors, substantially in the form of Exhibit B hereto and covering such additional matters relating to the transactions contemplated hereby as the Agent may reasonably request; (d) (i) on the Initial Borrowing Date and contemporaneously with giving effect to the Loans incurred on the Initial Borrowing Date, the Recapitalization shall have been consummated in accordance with the Recapitalization Documents and all applicable laws, and all material conditions precedent to the consummation of the Recapitalization shall have been satisfied and not waived, except with the consent of the Agent;

Conditions Precedent to Initial Credit Events. The obligation of each Lender to make Loans, and the obligation of each LC Issuing Bank to issue Letters of Credit, on the Initial Borrowing Date, is subject to the satisfaction of the following conditions: (a) On or prior to the Initial Borrowing Date, the Effective Date shall have occurred; (b) receipt by the Agent, on or prior to the Initial Borrowing Date, (i) for the account of each of the Lenders the appropriate Tranche A Term Note, Tranche B Term Note and/or Revolving Note and (ii) of the Swingline Note for the account of the Swingline Lender, in each case executed by the Borrower and in the amount, maturity and as otherwise provided herein; (c) receipt by the Agent of an opinion of ▇▇▇▇▇ ▇▇▇▇ Davis Polk & ▇▇▇▇▇▇▇▇Wardwell, counsel for the Obligors, substantially in the form of Exhibit ▇▇ ▇▇▇ ▇▇rm ▇▇ ▇▇▇▇▇it B hereto and covering such additional matters relating to the transactions contemplated hereby as the Agent may reasonably request; (d) (i) on the Initial Borrowing Date and contemporaneously with giving effect to the Loans incurred on the Initial Borrowing Date, the Recapitalization PureTec Acquisition shall have been consummated in accordance with the Recapitalization PureTec Acquisition Documents and all applicable laws, and all material each of the conditions precedent to the consummation of the Recapitalization PureTec Acquisition shall have been satisfied and not waived, except with the consent of the Agent;