Common use of Initial Credit Extensions Clause in Contracts

Initial Credit Extensions. The obligations of each Lender and each Issuer to fund the initial Credit Extensions shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this SECTION 7.1.

Initial Credit Extensions. The obligations of each Lender and each Issuer Issuer, as applicable, to fund the initial Credit Extensions under this Agreement shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this SECTION 7.1.