Common use of Conditions as Covenants Clause in Contracts

Conditions as Covenants. In the event that the Lenders make the Initial Loans or a Letter of Credit is issued prior to the satisfaction of all conditions precedent set forth in SECTION 5.1, and such conditions are not waived in writing by the Agent, the Borrowers shall nevertheless cause such condition or conditions to be satisfied within 30 days after the making of such Initial Loans or the issuance of such Letter of Credit.

Appears in 3 contracts

Samples: Loan and Security Agreement (Tultex Corp), Tultex Corp, Tultex Corp

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Conditions as Covenants. In the event that If the Lenders make any Loans, or the Initial Loans or Agent issues a Letter of Credit is issued Credit, prior to the satisfaction of all conditions precedent set forth in SECTION Sections 5.1, . and such conditions are not waived in writing by the Agent5.2., the Borrowers Borrower shall nevertheless cause such condition or conditions to be satisfied within 30 days 5 Business Days after the date of the making of such Initial Loans or the issuance of such Letter of Credit.

Appears in 3 contracts

Samples: Management Agreement (Hospitality Properties Trust), Credit Agreement (HRPT Properties Trust), Credit Agreement (Hospitality Properties Trust)

Conditions as Covenants. In the event that If the Lenders make any Loans, or the Initial Loans or Agent issues a Letter of Credit is issued Credit, prior to the satisfaction of all conditions precedent set forth in SECTION Sections 5.1, . and such conditions are not waived in writing by the Agent5.2., the Borrowers Borrower shall nevertheless cause such condition or conditions to be satisfied within 30 days 5 Business Days after the making of such Initial Loans or the issuance of such Letter of Credit.the

Appears in 1 contract

Samples: Credit Agreement (Senior Housing Properties Trust)

Conditions as Covenants. In the event that If the Lenders make the Initial Loans or a Letter of Credit is issued Term Loan prior to the satisfaction of all applicable conditions precedent set forth in SECTION 5.1, Sections 5.1 and such conditions are not waived in writing by the Agent5.2, the Borrowers Borrower shall nevertheless cause such condition or conditions to be satisfied within 30 days five (5) Business Days after the date of the making of such Initial Loans or the issuance of such Letter of CreditTerm Loan.

Appears in 1 contract

Samples: Term Loan Agreement (Wells Real Estate Investment Trust Ii Inc)

Conditions as Covenants. In the event that the Lenders make the Initial Loans or a Letter of Credit is issued prior to the satisfaction of all conditions precedent set forth in SECTION 5.1Section 6.1, and such conditions are not waived in writing by the Agent, the Borrowers Borrower shall nevertheless cause such condition or conditions to be satisfied within 30 days after the making of such Initial Loans or the issuance of such Letter of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (Synthetic Industries Inc)

Conditions as Covenants. In the event that the Lenders make the Initial Loans or a Letter of Credit is issued prior to the satisfaction of all conditions precedent set forth in SECTION Section 5.1, and such conditions are not waived in writing by the Agent, the Borrowers shall nevertheless cause such condition or conditions to be satisfied within 30 thirty (30) days after the making of such Initial Loans or the issuance of such Letter of Credit.

Appears in 1 contract

Samples: Safety Components International Inc

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Conditions as Covenants. In the event that If the Lenders make the Initial any Loans or a Letter of Credit is issued prior to the satisfaction of all conditions precedent set forth in SECTION Sections 5.1, . and such conditions are not waived in writing by the Agent5.2., the Borrowers Borrower shall nevertheless cause such condition or conditions to be satisfied within 30 days 5 Business Days after the date of the making of such Initial Loans or the issuance of such Letter of Creditunless waived as permitted hereunder.

Appears in 1 contract

Samples: Credit Agreement (Pennsylvania Real Estate Investment Trust)

Conditions as Covenants. In the event that the Lenders make the Initial Loans or a Letter of Credit is issued prior to the satisfaction of all conditions precedent set forth in SECTION 5.16.1, and such conditions are not waived in writing by the Agent, the Borrowers shall nevertheless cause such condition or conditions to be satisfied within 30 60 days after the making of such Initial Loans or the issuance of such Letter of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (Ridgeview Inc)

Conditions as Covenants. In the event that the If Lenders make the Initial Term Loans or a Letter of Credit is issued prior to the satisfaction of all conditions precedent set forth in SECTION Section 5.1., and such conditions are not waived in writing by the Agent, the Borrowers Borrower shall nevertheless cause such condition or conditions to be satisfied within 30 days five Business Days after the date of the making of such Initial Loans or the issuance of such Letter of CreditLoans.

Appears in 1 contract

Samples: Term Loan Agreement (Security Capital Group Inc/)

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