Common use of Initial Extensions of Credit Clause in Contracts

Initial Extensions of Credit. The Commitment of each Lender to make its initial Loan and of each Fronting Bank to issue its initial Letter of Credit on or after the date hereof is subject to the conditions that on or prior to the date of such Extension of Credit:

Initial Extensions of Credit. The Commitment of each Lender to make its initial Loan and of each the Fronting Bank to issue its initial Letter of Credit on or after the date hereof is subject to the conditions that on or prior to the date of such Extension of Credit: