Common use of Conditions Precedent to the Making Clause in Contracts

Conditions Precedent to the Making. of the Initial Revolving Credit Loan and the Term Loan. The obligation of the Banks to make the initial Revolving Credit Loans and the Term Loan contemplated by this Agreement are each subject to the condition precedent that the Agent and the Banks shall have received from the Borrower and the Guarantors on or before the date of this Agreement the following, each dated such day, in form and substance satisfactory to the Agent and its counsel: (a) A Revolving Credit Note, duly executed by the Borrower and payable to the order of each of the Banks.