Common use of Initial Conditions for ▇▇▇▇▇▇▇ Parties Clause in Contracts

Initial Conditions for ▇▇▇▇▇▇▇ Parties. The obligation of the ▇▇▇▇▇▇▇ Parties to issue the Effectiveness Notices in Section 2.01(a)(1) and to otherwise enter into the initial ML Guarantees or Credit Support Agreements, initial EFS Transactions, EOO Transactions, Mirror OTC Contracts or ICE Block Transactions or initial agreements to post or provide cash collateral to Governmental Authorities or other Persons, shall be subject to the conditions that each of the conditions in Section 4.02 are satisfied (or waived by the Reliant Retail Obligors), each of the conditions below in this Section 4.01 and in Section 4.03 has been satisfied (or waived by the ▇▇▇▇▇▇▇ Parties) and the Sleeve Provider has received each below agreement, instrument, certificate, opinion and other document in form and substance reasonably satisfactory to it (unless a different standard is expressed below) and in full force and effect:

Initial Conditions for ▇▇▇▇▇▇▇ Parties. The obligation of the ▇▇▇▇▇▇▇ Parties to issue the Effectiveness Notices in Section 2.01(a)(1) and to otherwise enter into the initial ML Guarantees or Credit Support Agreements, initial the NYMEX ex-pit and ICE position transactions referred to in Section 2.03(a), EFS Transactions, EOO Transactions, Mirror OTC Contracts or ICE Block Transactions or initial agreements to post or provide cash collateral to Governmental Authorities or other Persons, shall be subject to the conditions that each of the conditions in Section 4.02 are satisfied (or waived by the Reliant Retail Obligors), each of the conditions below in this Section 4.01 and in Section 4.03 has been satisfied (or waived by the ▇▇▇▇▇▇▇ Parties) and the Sleeve Provider has received each below agreement, instrument, certificate, opinion and other document in form and substance reasonably satisfactory to it (unless a different standard is expressed below) and in full force and effect: