Initial Credit Event for each Borrowing Subsidiary. The obligation of each Lender to make Loans to any Borrowing Subsidiary is subject to the satisfaction of the following conditions:
Initial Credit Event for each Borrowing Subsidiary. The obligation of each Lender to make the initial Loans to any Borrowing Subsidiary that becomes a Borrowing Subsidiary after the Closing Date or to initially accept and purchase B/As for the account of such Borrowing Subsidiary, and of the Issuing Banks to initially issue any Letter of Credit for the account of such Borrowing Subsidiary, is subject to the satisfaction of the following conditions:
Initial Credit Event for each Borrowing Subsidiary. The obligation of the Lenders to make Loans to any Borrowing Subsidiary and the obligations of the Issuing Banks to issue Letters of credit for the account of any Borrowing Subsidiary are subject to the satisfaction of the following conditions:
