Common use of Conditions as Covenants Clause in Contracts

Conditions as Covenants. If the Lenders make any Loans, or the Agent issues a Letter of Credit, prior to the satisfaction of all conditions precedent set forth in Sections 5.1. and 5.2., the Borrower shall nevertheless cause such condition or conditions to be satisfied within 5 Business Days after the date of the making of such Loans or the issuance of such Letter of Credit.

Appears in 3 contracts

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

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Conditions as Covenants. If In the event that the Lenders make any Loans, the Initial Loans or the Agent issues a Letter of Credit, Credit is issued prior to the satisfaction of all conditions precedent set forth in Sections SECTION 5.1. , and 5.2.such conditions are not waived in writing by the Agent, the Borrower Borrowers shall nevertheless cause such condition or conditions to be satisfied within 5 Business Days 30 days after the date of 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), Loan and Security Agreement (Tultex Corp), Loan and Security Agreement (Tultex Corp)

Conditions as Covenants. If In the event that the Lenders make any Loans, the Initial Loans or the Agent issues a Letter of Credit, Credit is issued prior to the satisfaction of all conditions precedent set forth in Sections Section 5.1. , and 5.2.such conditions are not waived in writing by the Agent, the Borrower Borrowers shall nevertheless cause such condition or conditions to be satisfied within 5 Business Days thirty (30) days after the date of the making of such Initial Loans or the issuance of such Letter of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (Safety Components International Inc)

Conditions as Covenants. If In the event that the Lenders make any Loans, the Initial Loans or the Agent issues a Letter of Credit, Credit is issued prior to the satisfaction of all conditions precedent set forth in Sections 5.1. Section 6.1, and 5.2.such conditions are not waived in writing by the Agent, the Borrower shall nevertheless cause such condition or conditions to be satisfied within 5 Business Days 30 days after the date of 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. If In the event that the Lenders make the Initial Loans or any Loans, or the Agent issues a Letter of Credit, Credit is issued prior to the satisfaction of all conditions precedent set forth in Sections SECTION 5.1. , and 5.2.such conditions are not waived in writing by the Required Lenders, the Borrower Borrowers shall nevertheless cause such condition or conditions to be satisfied within 5 Business Days 30 days after the date of the making of such Initial Loans or the issuance of such any other Letter of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (Kellstrom Industries Inc)

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Conditions as Covenants. If In the event that the Lenders make the Initial Loans or any Loans, or the Agent issues a Letter of Credit, Credit is issued prior to the satisfaction of all conditions precedent set forth in Sections 5.1. Section 5.1 or the Lenders make any Capital Expenditure Loan prior to the satisfaction of all conditions precedent set forth in Section 5.2, and 5.2.such conditions are not waived in writing by the Required Lenders, the Borrower Borrowers shall nevertheless cause such condition or conditions to be satisfied within 5 Business Days 30 days after the date of the making of such Loans or the issuance of such any other Letter of Credit.

Appears in 1 contract

Samples: Loan and Security Agreement (American Aircarriers Support Inc)

Conditions as Covenants. If In the event that the Lenders make any Loans, the Initial Loans or the Agent issues a Letter of Credit, Credit is issued prior to the satisfaction of all conditions precedent set forth in Sections 5.1. SECTION 6.1, and 5.2.such conditions are not waived in writing by the Agent, the Borrower Borrowers shall nevertheless cause such condition or conditions to be satisfied within 5 Business Days 60 days after the date of 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)

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