Common use of Conditions Precedent to Advances After the Initial Advance Clause in Contracts

Conditions Precedent to Advances After the Initial Advance. The obligation of each Bank to make advances of the Loans subsequent to the Initial Advance shall be subject to satisfaction of the following conditions precedent: (1) All conditions of Section 4.01 shall have been and remain satisfied as of the date of the advance; (2) No Default or Event of Default shall have occurred and be continuing as of the date of the advance; (3) Each of the representations and warranties contained in this Agreement and in each of the other Loan Documents shall be true and correct as of the date of the advance; and (4) Administrative Agent shall have received a request for an advance in accordance with Section 2.04.

Appears in 2 contracts

Samples: Loan Agreement (Taubman Centers Inc), Loan Agreement (Taubman Realty Group LTD Partnership)

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Conditions Precedent to Advances After the Initial Advance. The obligation of each Bank to make advances of the Loans subsequent to the Initial Advance shall be subject to satisfaction of the following conditions precedent: (1) All conditions of Section 4.01 to the extent not satisfied at the Initial Advance, shall have been and remain satisfied as of the date of the advance; (2) No Default or Event of Default shall have occurred and be continuing as of the date of the advance; (3) Each of the representations and warranties contained in this Agreement and in each of the other Loan Documents shall be true and correct as of the date of the advance; and (4) Administrative Agent shall have received a request for an advance in accordance with Section Sections 2.03 and 2.04.

Appears in 1 contract

Samples: Revolving Credit Agreement (Price Enterprises Inc)

Conditions Precedent to Advances After the Initial Advance. The obligation of each Bank to make advances of the Loans subsequent to the Initial Advance shall be subject to satisfaction of the following conditions precedent: (1) All conditions of Section 4.01 shall have been and remain satisfied as of the date of the advance; (2) No Default or Event of Default shall have occurred and be continuing as of the date of the advance; (3) Each of , or would result from the representations and warranties contained in this Agreement and in each of the other Loan Documents shall be true and correct as of the date of the advancemaking thereof; and (43) Administrative Agent shall have received a request for an advance in accordance with Section 2.04.

Appears in 1 contract

Samples: Secured Revolving Credit Agreement (Taubman Centers Inc)

Conditions Precedent to Advances After the Initial Advance. The obligation of each Bank to make advances any advance of the Loans subsequent to the Initial Advance shall be subject to satisfaction of the following conditions precedent: (1) All conditions No Default or Event of Section 4.01 Default shall have been occurred and remain satisfied be continuing, or could result from the transactions contemplated by this Agreement and the other Loan Documents, as of the date of the advance; (2) No Default or Event of Default shall have occurred and be continuing as of the date of the advance; (3) Each of the representations and warranties contained in this Agreement and in each of the other Loan Documents shall be true and correct as of the date of the advance; and (43) Administrative Agent shall have received a request for an advance in accordance with Section 2.04.

Appears in 1 contract

Samples: Revolving Credit Agreement (Vornado Realty Lp)

Conditions Precedent to Advances After the Initial Advance. The obligation of each Bank to make advances of the Loans subsequent to the Initial Advance shall be subject to satisfaction of the following conditions precedent: (1) All conditions of Section 4.01 shall have been and remain satisfied as of the date of the advance; (2) No Default or Event of Default shall have occurred and be continuing as of the date of the advance; (3) Each of the representations and warranties contained in this Agreement and in each of the other Loan Documents shall be true and correct as of the date of the advance; and; (4) Administrative Agent shall have received a request for an advance in accordance with Section 2.04; and (5) In the case of each advance in connection with an Acquisition, the conditions set forth in Section 2.17 shall have been satisfied.

Appears in 1 contract

Samples: Revolving Loan Agreement (Bay Apartment Communities Inc)

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Conditions Precedent to Advances After the Initial Advance. The obligation of each Bank to make advances any advance of the Loans subsequent to the Initial Advance shall be subject to satisfaction of the following conditions precedent: (1) All conditions of Section 4.01 shall have been and remain satisfied as of the date of the advance; (2) No Default or Event of Default shall have occurred and be continuing continuing, or could result from the transactions contemplated by this Agreement and the other Loan Documents, as of the date of the such advance; (32) Each of the representations and warranties contained in this Agreement and in each of the other Loan Documents shall be true and correct as of the date of the advance; and (43) Administrative Agent shall have received a request for an advance in accordance with Section 2.042.05.

Appears in 1 contract

Samples: Revolving Credit Agreement (Vornado Realty Trust)

Conditions Precedent to Advances After the Initial Advance. The obligation of each Bank to make advances of the Loans subsequent to the Initial Advance shall be subject to satisfaction of the following conditions precedent: (1) All conditions of Section 4.01 shall have been and remain satisfied as of the date of the advance; (2) No Default or Event of Default shall have occurred and be continuing as of the date of the advance; (3) Each of the representations and warranties contained in this Agreement and in each of the other Loan Documents shall be true and correct in all material respects as of the date of the advance; and (4) Administrative Agent shall have received a request for an advance in accordance with Section 2.04.

Appears in 1 contract

Samples: Revolving Loan Agreement (Avalon Bay Communities Inc)

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