Common use of Initial Advances and Letters of Credit Clause in Contracts

Initial Advances and Letters of Credit. The Lenders shall not be required to make Loans or issue any Letters of Credit on the Transaction Closing Date unless:

Initial Advances and Letters of Credit. The Lenders shall not be required to make the initial Loans or issue any Letters of Credit unless on or prior to the Transaction Closing Date unlessall of the following conditions precedent shall have been fully satisfied: