Common use of Initial Advance Date Clause in Contracts

Initial Advance Date. The Initial Advance Date (the "Initial Advance Date") shall occur on the earliest date on or before January 10, 1999 on which all the conditions precedent thereto set forth in Section 6.1 shall have been satisfied or waived by the applicable parties as set forth therein; provided, however, that if the Initial Advance Date does not occur prior to January 10, 1999, then this Participation Agreement shall automatically terminate (except as provided in Section 14.1), the Lessee shall pay in full all Transaction Expenses not theretofore paid, and each other Operative Document then executed shall terminate. The Lessee, the Lessor, the Certificate Purchaser and the Construction Lender shall confirm in writing the occurrence of the Initial Advance Date.

Initial Advance Date. The Initial initial Advance Date (the -------------------- "Initial Advance Date") shall occur on the earliest date on or before January 10February --------------------- 28, 1999 1997 on which all the conditions precedent thereto set forth in Section 6.1 3.1 ----------- shall have been satisfied or waived by the applicable parties as set forth therein, and provided that the Arranger shall have received the Arrangement Fee; provided, however, that if the Initial Advance Date does not occur prior to January 10-------- ------- February 28, 19991997, then this Participation Agreement Lease shall automatically terminate (except as provided in Section 14.1)terminate, the Lessee shall pay in full all Transaction Expenses Costs not theretofore paid, and each other Operative Document then executed shall terminate. The Lessee, the Lessor, Lessor and the Certificate Purchaser and the Construction Lender Purchasers shall confirm in writing the occurrence of the Initial Advance Date.