Common use of Conditions on Restatement Date Clause in Contracts

Conditions on Restatement Date. The obligations of the Lenders to make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Restatement Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Restatement Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Transmontaigne Inc), Credit Agreement (Transmontaigne Inc)

AutoNDA by SimpleDocs

Conditions on Restatement Date. The obligations of the Lenders to ------------------------------ make any extension of credit pursuant to Section 2 shall be subject to the satisfaction, on or before the Restatement Date, of the conditions set forth in this Section 5.1 as well as the further conditions in Section 5.2. If the conditions set forth in this Section 5.1 are not met on or prior to the Restatement Date, the Lenders shall have no obligation to make any extensions of credit hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Transmontaigne Oil Co), Credit Agreement (Transmontaigne Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!