Common use of Conditions to Credit Extensions Clause in Contracts

Conditions to Credit Extensions. The obligation of each Lender to make the initial Credit Extension on the Closing Date, and, except as otherwise provided in the applicable Refinancing Amendment, Increase Joinder or Aleris Increase Joinder Amendment, the obligation of any Lenders to make the initial Credit Extension under any Incremental Term Loan Commitments or Other Term Loan Commitments, shall be subject to, and to the satisfaction of, each of the conditions precedent set forth below; provided, that this Section 4.03 shall not apply to the obligations of each Tranche A-1 Term Lender to fund the Tranche A-1 Term Loans on the Tranche A-1 Funding Date.

Conditions to Credit Extensions. The obligation of each Lender to make the initial Credit Extension on the Closing Date, and, except as otherwise provided in the applicable Refinancing Amendment, or Increase Joinder or Aleris Increase Joinder Amendment, the obligation of any Lenders to make the initial Credit Extension under any Incremental Term Loan Commitments or Other Term Loan Commitments, shall be subject to, and to the satisfaction of, each of the conditions precedent set forth below; provided, that this Section 4.03 shall not apply to (x) the obligations of each Tranche A-1 Term Lender to fund the Tranche A-1 Term Loans on the Tranche A-1 Funding Date.. or (y) the obligations of each Tranche A-2 Term Lender to fund the Tranche A-2 Term Loans on the Tranche A-2 Funding Date