Conditions Precedent to Initial Extensions of Credit. The obligation of each Lender, the Swingline Bank and each LC Issuing Bank, as applicable, to make the initial Extension of Credit to be made by it hereunder shall become effective on and as of the first date on which the following conditions precedent have been satisfied:
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Samples: Credit Agreement (Columbus Southern Power Co /Oh/), Credit Agreement (Public Service Co of Oklahoma), Credit Agreement (Southwestern Electric Power Co)
Conditions Precedent to Initial Extensions of Credit. The obligation of each Lender, the Swingline Bank and each LC Issuing Bank, as applicable, to make the initial Extension extension of Credit to be made by it hereunder shall become effective on credit under this Agreement, including the making of any Revolving Loan Advances, and as the issuance of any Letters of Credit, and the obligations of the first date on which Swing Line Lender to make any advances under the Swing Line Loan shall be subject to the following conditions precedent have been satisfiedprecedent:
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