Common use of Initial Advance Date Clause in Contracts

Initial Advance Date. The initial Advance Date (the -------------------- "Initial Advance Date") shall occur on the earliest date on or before February --------------------- 28, 1997 on which all the conditions precedent thereto set forth in Section 3.1 ----------- shall have been satisfied or waived by the applicable parties as set forth therein, and provided that the Arranger shall have received the Arrangement Fee; provided, however, that if the Initial Advance Date does not occur prior to -------- ------- February 28, 1997, then this Lease shall automatically terminate, Lessee shall pay in full all Transaction Costs not theretofore paid, and each other Operative Document then executed shall terminate. Lessee, Lessor and the Certificate Purchasers shall confirm in writing the occurrence of the Initial Advance Date.

Initial Advance Date. The initial Initial Advance Date (the -------------------- "Initial Advance Date") shall occur on the earliest date on or before February --------------------- 28January 10, 1997 1999 on which all the conditions precedent thereto set forth in Section 3.1 ----------- 6.1 shall have been satisfied or waived by the applicable parties as set forth therein, and provided that the Arranger shall have received the Arrangement Fee; provided, however, that if the Initial Advance Date does not occur prior to -------- ------- February 28January 10, 19971999, then this Lease Participation Agreement shall automatically terminateterminate (except as provided in Section 14.1), the Lessee shall pay in full all Transaction Costs Expenses not theretofore paid, and each other Operative Document then executed shall terminate. The Lessee, Lessor the Lessor, the Certificate Purchaser and the Certificate Purchasers Construction Lender shall confirm in writing the occurrence of the Initial Advance Date.