Common use of Conditions to Initial Credit Extensions Clause in Contracts

Conditions to Initial Credit Extensions. The obligation of the Bank to make the initial Advance under the Revolving Credit Facility is subject to each of the following conditions precedent, or if any such condition is waived by the Bank as a condition to the making of such initial Advance, such condition shall, at the option of the Bank, be a condition to the making of subsequent Advances under the Revolving Credit Facility or the issuance of Letters of Credit:

Conditions to Initial Credit Extensions. The obligation of the Bank --------------------------------------- to make the initial Advance under the Revolving Credit Facility and the single advance under the Term Loan is subject to each of the following conditions precedent, or if any such condition is waived by the Bank as a condition to the making of such initial AdvanceAdvance or such single advance under the Term Loan, such condition shall, at the option of the Bank, be a condition to the making of subsequent Advances under the Revolving Credit Facility or the issuance of Letters of Credit: