Common use of Conditions Precedent to Guarantee Issuance Date and Initial Advance Clause in Contracts

Conditions Precedent to Guarantee Issuance Date and Initial Advance. The obligation of the Guarantor to issue the DOE Guarantee and forward to FFB the FFB Advance Request Approval Notice with respect to the initial Advance is subject to the prior satisfaction (or waiver in writing), as determined in all cases by DOE, of each of the following conditions precedent (and of any deliverable, as to its form and substance) as of the Guarantee Issuance Date and to their continued satisfaction on the Advance Notice Date and the Advance Date for the initial Advance.

Conditions Precedent to Guarantee Issuance Date and Initial Advance. The obligation of the Guarantor to issue the DOE Guarantee and forward to FFB the FFB Advance Request Approval Notice with respect to guarantee the initial Advance is subject to the prior satisfaction (or waiver in writing), as determined in all cases by DOE, of each of the following conditions precedent (and of any deliverable, as to its form and substance) as of the Guarantee Issuance Date and to their continued satisfaction on the Advance Notice Date and the Advance Date for the such initial Advance.