Common use of Compliance and Payments Clause in Contracts

Compliance and Payments. The Borrower’s compliance with this Section 2.4(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on the date on which (A) the Borrower requests that the applicable Lenders make a Revolving Credit Loan, (B) the Borrower requests that any Swingline Lender make a Swingline Loan or (C) the Borrower requests that any Issuing Lender issue a Letter of Credit. Each such repayment pursuant to this Section 2.4(b) shall be accompanied by any amount required to be paid pursuant to Section 4.9.

Appears in 2 contracts

Samples: Credit Agreement (Owens Corning), Credit Agreement (Owens Corning)

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Compliance and Payments. The Borrower’s Borrowers’ compliance with this Section 2.4(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on the date on which (A) the Borrower U.S. Borrower, on behalf of the applicable Borrower, requests that the applicable Lenders make a Revolving Credit Loan, (B) the U.S. Borrower requests that any Swingline Lender make a Swingline Loan or (C) the U.S. Borrower requests that any Issuing Lender issue a Letter of Credit. Each such repayment pursuant to this Section 2.4(b) shall be accompanied by any amount required to be paid pursuant to Section 4.9.

Appears in 2 contracts

Samples: Credit Agreement (Owens Corning), Credit Agreement (Owens Corning)

Compliance and Payments. The Borrower’s 's compliance with this Section 2.4(b2.5(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on (A) the date on which (A) the Borrower requests that the applicable Lenders to make a Revolving Credit Loan, Loan or the Alternative Currency Lender to make an Alternative Currency Loan or the Issuing Lender to issue a Letter of Credit and (B) the Borrower requests that any Swingline Lender make a Swingline Loan or (C) the Borrower requests that any Issuing Lender issue a Letter of Creditdate an interest payment is due under Section 4.1(e). Each such repayment pursuant to this Section 2.4(b2.5(b) shall be accompanied by any amount required to be paid pursuant to Section 4.94.11 hereof.

Appears in 2 contracts

Samples: Credit Agreement (Compx International Inc), Credit Agreement (Compx International Inc)

Compliance and Payments. The Borrower’s compliance with this Section 2.4(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on the date on which (A) the Borrower requests that the applicable Lenders make a Revolving Credit Loan, (B) the Borrower requests that any the Swingline Lender make a Swingline Loan or (C) the Borrower requests that any Issuing Lender issue a Letter of Credit. Each such repayment pursuant to this Section 2.4(b) shall be accompanied by any amount required to be paid pursuant to Section 4.9.

Appears in 2 contracts

Samples: Credit Agreement (Apogee Enterprises, Inc.), Credit Agreement (Apogee Enterprises Inc)

Compliance and Payments. The Borrower’s Borrowers’ compliance with this Section 2.4(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on the date on which (A) the Borrower requests Borrowers request that the applicable Lenders make a Revolving Credit Loan, (B) the Borrower requests Borrowers request that any the Swingline Lender make a Swingline Loan or (C) the Borrower requests Borrowers request that any an Issuing Lender issue a Letter of Credit. Each such repayment pursuant to this Section 2.4(b) shall be accompanied by any amount required to be paid pursuant to Section 4.95.9.

Appears in 1 contract

Samples: Credit Agreement (KMG Chemicals Inc)

Compliance and Payments. The Borrower’s Borrowers' compliance with this Section 2.4(b2.6(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on (A) the date on which (A) the any Borrower requests that the applicable Lenders make a Revolving Credit Loan, (B) the Borrower requests that any Swingline Lender make a Alternative Currency Loan or Swingline Loan or (C) the Borrower requests that any Issuing Lender issue a Letter of CreditCredit under Section 6.3 and (B) the date an interest payment is due under Section 5.1(e). Each such repayment pursuant to this Section 2.4(b2.6(b) shall be accompanied by any amount required to be paid pursuant to Section 4.95.12.

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

Compliance and Payments. The Borrower’s Borrowers’ compliance with this Section 2.4(b2.6(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on (A) the date on which (A) the any Borrower requests that the applicable Lenders make a Revolving Credit Loan, (B) the Borrower requests that any Swingline Lender make a Alternative Currency Loan or Swingline Loan or (C) the Borrower requests that any Issuing Lender issue a Letter of CreditCredit under Section 6.3 and (B) the date an interest payment is due under Section 5.1(e). Each such repayment pursuant to this Section 2.4(b2.6(b) shall be accompanied by any amount required to be paid pursuant to Section 4.95.12.

Appears in 1 contract

Samples: Credit Agreement (G&k Services Inc)

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Compliance and Payments. The Borrower’s compliance with this Section 2.4(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on the date on which (A) the Borrower requests that the applicable Lenders make a Revolving Credit Loan, (B) the Borrower requests that any the Swingline Lender make a Swingline Loan or (C) the Borrower requests that any an Issuing Lender issue a Letter of Credit. Each such repayment pursuant to this Section 2.4(b) shall be accompanied by any amount required to be paid pursuant to Section 4.9.

Appears in 1 contract

Samples: Credit Agreement (Global Power Equipment Group Inc.)

Compliance and Payments. The Borrower’s compliance with this Section 2.4(b2.5(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on (A) the date on which (A) the Borrower requests that the applicable Lenders to make a Revolving Credit Loan, Loan or the Alternative Currency Lender to make an Alternative Currency Loan or the Issuing Lender to issue a Letter of Credit and (B) the Borrower requests that any Swingline Lender make a Swingline Loan or (C) the Borrower requests that any Issuing Lender issue a Letter of Creditdate an interest payment is due under Section 4.1(e). Each such repayment pursuant to this Section 2.4(b2.5(b) shall be accompanied by any amount required to be paid pursuant to Section 4.94.11 hereof.

Appears in 1 contract

Samples: Credit Agreement (Compx International Inc)

Compliance and Payments. The Borrower’s Borrowers’ compliance with this Section 2.4(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on the date on which (A) the Borrower U.S. Borrower, on behalf of the applicable Borrower, requests that the applicable Lenders make a Revolving Credit Loan, (B) the U.S. Borrower requests that any the Swingline Lender make a Swingline Loan or (C) the U.S. Borrower requests that any the Issuing Lender issue a Letter of Credit. Each such repayment pursuant to this Section 2.4(b) shall be accompanied by any amount required to be paid pursuant to Section 4.9.

Appears in 1 contract

Samples: Credit Agreement (Owens Corning)

Compliance and Payments. The Borrower’s compliance with this Section 2.4(b) shall be tested from time to time by the Administrative Agent at its sole discretion, but in any event shall be tested on the date on which (A) the Borrower requests that the applicable Lenders make a Revolving Credit Loan, (B) the Borrower requests that any the Swingline Lender make a Swingline Loan or (C) the Borrower requests that any an Issuing Lender issue a Letter of Credit. Each such repayment pursuant to this Section 2.4(b) shall be accompanied by any amount required to be paid pursuant to Section 4.95.9.

Appears in 1 contract

Samples: Credit Agreement (KMG Chemicals Inc)

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