Example ContractsClausesconditions to initial extension of creditVariants
Remove:

5.2Conditions to Each Extension of Credit. The agreement of each Lender to make any Loan requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction (or waiver in accordance with [Section 10.1]) of the following conditions precedent as of the date of such Loan:

5.2Conditions to Each Extension of Credit. The agreement of each Lender to make any Loan requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction (or waiver in accordance with [Section 10.1]) of the following conditions precedent as of the date of such Loan:

5.2ConditionsSECTION # Conditions to Each Extensionthe Effectiveness of Credit.this Agreement. The agreement of each Lender to make any Loanthe extensions of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction (or waiver in accordancesatisfaction, prior to or concurrently with [Section 10.1])the making of such extension of credit on the Closing Date, of, subject to Section 6.11, the following conditions precedent as of the date of such Loan:precedent:

5.2ConditionsConditions Precedent to Eachthe Initial Extension of Credit. The agreementobligation of each Lender to make any Loan requested to be made by it on any date (including its initial extensionavailable extensions of credit)credit provided for hereunder is subject to the fulfillment, to the satisfaction of each Lender (or written waiver in accordance with Section 10.1)[Section 14.1]), of each of the following conditions precedent asset forth on [Schedule 3.1] (the occurrence of the dateClosing Date being conclusively deemed to be its satisfaction or waiver of such Loan:the conditions precedent).

5.2ConditionsSection # Conditions to Each ExtensionInitial Credit Extensions. The effectiveness of Credit. The agreementthis Agreement and the obligation of each Lender and the L/C Issuer to make any Loan requested to be made by it on any date (including its initial extension of credit)Credit Extension hereunder on the Closing Date is subject to the satisfaction (oror waiver in accordance with Section 10.1) of the following conditions precedent as of the date of such Loan:precedent:

5.2ConditionsSection # Conditions to Eachthe Initial Credit Extension of Credit.on the Closing Date. The agreementobligation of each Lender to make any Loan requested to be made by it on any date (including its initial extension of credit)Credit Extension hereunder on the Closing Date is subject to the satisfaction (oror due waiver in accordance with [Section 10.1])01] of each of the following conditions precedent as of the date of such Loan:precedent:

5.2ConditionsSECTION #2Conditions to EachAll Extensions of Credit. Subject to [Section 1.14], the obligations of the Lenders to make or participate in any Extensions of Credit (including the initial Extension of Credit. The agreement of eachCredit, other than the Initial Term Loan) and/or any Issuing Lender to makeissue or extend any Loan requested to be made by it on any date (including its initial extensionLetter of credit) isCredit are subject to the satisfaction (or waiver in accordance with [Section 10.1]) of the following conditions precedent as ofon the date of such Loan:relevant borrowing, continuation, conversion, issuance or extension date:

5.2Conditions to Each Extension1.01Conditions of Credit.Initial Credit Extension. The agreementoccurrence of the Closing Date, the initial effectiveness of this Agreement and obligation of each Lender to make any Loan requested to be made by it on any date (including its initial extension of credit)Credit Extension hereunder is subject to the satisfaction (or waiver in accordance with [Section 10.1]) of the following conditions precedent as of the date of such Loan:precedent:

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.