Conditions to Initial Advances. The obligation of each Bank to make the initial Advance hereunder is subject to the condition that the Operating Agent shall have received on or before the first borrowing date all of the following, in form and substance satisfactory to the Operating Agent, its counsel and the Banks and in sufficient copies for each Bank:
Appears in 2 contracts
Sources: Revolving Credit Agreement (Mci Communications Corp), Revolving Credit Agreement (Mci Communications Corp)