Common use of Initial and Subsequent Loans and Letters of Credit Clause in Contracts

Initial and Subsequent Loans and Letters of Credit. (a) The obligation of the Lenders to make Loans to the Borrower upon the occasion of each borrowing hereunder and to issue, renew, extend or reissue Letters of Credit for the account of the Borrower (including the Initial Funding) is subject to the further conditions precedent that, as of the date of such Loans and after giving effect thereto:

Initial and Subsequent Loans and Letters of Credit. (a) The obligation of the Lenders to make Loans to the Borrower upon the occasion of each borrowing hereunder and to issue, renew, extend or reissue Letters of Credit for the account of the Borrower (including the Initial Funding) is subject to the further conditions precedent that, as of the date of such Loans and after giving effect thereto:

Initial and Subsequent Loans and Letters of Credit. (a) The obligation of the Lenders to make Loans to the Borrower upon the occasion of each borrowing hereunder and to issue, renew, extend or reissue Letters of Credit for the account of the Borrower (including the Initial FundingFunding and for the Acquisition of the Target Company) is subject to the further conditions precedent that, as of the date of such Loans and after giving effect thereto: