Common use of Conditions Precedent for Advances Clause in Contracts

Conditions Precedent for Advances. Save as the Issuer and the Guarantor may otherwise agree, each Advance will not be available unless on the date of the proposed Advance: (a) the Issuer shall have received a copy of a resolution duly passed by the board of directors of the managing general partner of the Guarantor authorizing its execution, delivery and performance on behalf of the Guarantor of this Agreement, such copy to be certified by an officer of such managing general partner; (b) the aggregate outstanding amount of Advances after giving effect to such Advance does not exceed the Total Credit Commitment; (c) no Issuer Event of Default, Guarantor Event of Default or Managing GP Default Event has occurred; and (d) unless agreed to by the Issuer and subject to satisfaction of the Rating Agency Condition, no Demand Loan Repayment Event has occurred.

Conditions Precedent for Advances. Save as the Issuer and the Guarantor may otherwise agree, each Advance will not be available unless on the date of the proposed Advance: (a) the Issuer shall have received a copy of a resolution duly passed by the board of directors of the managing general partner of the Guarantor authorizing its execution, delivery and performance on behalf of the Guarantor of this Agreement, such copy to be certified by an officer of such managing general partner; (b) the aggregate outstanding amount of Advances after giving effect to such Advance does not exceed the Total Credit Commitment; (c) no Issuer Event of Default, Guarantor Event of Default or Managing GP Default Event has occurred; and (d) unless agreed to by the Issuer and subject to satisfaction of the Rating Agency ConditionConfirmation, no Demand Loan Repayment Event has occurred.

Conditions Precedent for Advances. Save as the Issuer and the Guarantor may otherwise agree, each Advance will not be available unless on the date of the proposed Advance: (a) the Issuer shall have received on or prior to such date a copy of a resolution duly passed by the board of directors of the managing general partner of the Guarantor authorizing its execution, delivery and performance on behalf of the Guarantor of this Agreement, such copy to be certified by an officer of such managing general partner; (b) the aggregate outstanding amount of Advances after giving effect to such Advance does not exceed the Total Credit Commitment; (c) no Issuer Event of Default, Guarantor Event of Default or Managing GP Default Event has occurred; and (d) unless agreed to by the Issuer and subject to satisfaction of the Rating Agency Condition, no Demand Loan Repayment Event has occurred.

Conditions Precedent for Advances. Save as the Issuer and the Guarantor may otherwise agree, each Advance will not be available unless on the date of the proposed Advance: (a) 4.1.1 the Issuer shall have received a copy of a resolution duly passed by the board of directors of the managing general partner of the Guarantor authorizing its execution, delivery and performance on behalf of the Guarantor of this Agreement, such copy to be certified by an officer of such managing general partner; (b) 4.1.2 the aggregate outstanding amount of Advances after giving effect to such Advance does not exceed the Total Credit Commitment; (c) 4.1.3 no Issuer Event of Default, Guarantor Event of Default or Managing GP Default Event has occurred; and (d) 4.1.4 unless agreed to by the Issuer and subject to satisfaction of the Rating Agency ConditionConfirmation, no Demand Loan Repayment Event has occurred.

Conditions Precedent for Advances. ‌ Save as the Issuer and the Guarantor may otherwise agree, each Advance will not be available unless on the date of the proposed Advance: (a) the Issuer shall have received on or prior to such date of the proposed Advance a copy of a resolution duly passed by the board of directors of the managing general partner of the Guarantor authorizing its execution, delivery and performance on behalf of the Guarantor of this Agreement, such copy to be certified by an officer of such managing general partner; (b) the aggregate outstanding amount of Advances after giving effect to such Advance does not exceed the Total Credit Commitment; (c) no Issuer Event of Default, Guarantor Event of Default or Managing GP Default Event has occurred; and (d) unless agreed to by the Issuer and subject to satisfaction of the Rating Agency Condition, no Demand Loan Repayment Event has occurred.