Common use of Conditions to Initial Closing Clause in Contracts

Conditions to Initial Closing. The occurrence of the Initial Closing, the effectiveness of the Initial Lenders’ Initial Commitments, the obligation of each of the Initial Lenders to make available its Initial Advance and the obligation of the Initial Issuing Banks to issue any Letters of Credit on the Initial Closing Date shall be subject to the satisfaction (or waiver by each of the Initial Lenders and each of the Initial Issuing Banks) of each of the conditions precedent set forth in Section 4.1 (Conditions to Initial Closing Date and Initial Advance) of the Common Terms Agreement, which conditions precedent are incorporated by reference and shall apply mutatis mutandis to this Section 7.01 (Conditions to Initial Closing) as if fully set forth herein.