Common use of Conditions Precedent to Conversions Clause in Contracts

Conditions Precedent to Conversions. The obligation of the Lenders to convert or continue any existing Borrowing into or as a Eurodollar Borrowing is subject to the condition precedent that on the date of such conversion or continuation no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion. The acceptance of the benefits of each such conversion or continuation shall constitute a representation and warranty by the Company to each of the Lenders that no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion or continuation.

Appears in 5 contracts

Samples: Term Loan Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Energy Transfer Partners, L.P.), Credit Agreement (Kinder Morgan Energy Partners L P)

AutoNDA by SimpleDocs

Conditions Precedent to Conversions. The Notwithstanding the foregoing, the obligation of the Lenders to convert or continue any existing Borrowing into or as a Eurodollar Borrowing is subject to the condition precedent that on the date of such conversion or continuation no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion. The acceptance of the benefits of each such conversion or continuation shall constitute a representation and warranty by the Company Borrower to each of the Lenders that no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion or continuation.

Appears in 4 contracts

Samples: Credit Agreement (Kinder Morgan Inc), Credit Agreement (Kinder Morgan Inc), Credit Agreement (Kinder Morgan Inc)

Conditions Precedent to Conversions. The obligation of the Lenders to convert or continue any existing Borrowing into or as a Eurodollar Borrowing is subject to the condition precedent that on the date of such conversion or continuation no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion. The acceptance of the benefits of each such conversion or continuation shall constitute a representation and warranty by the Company Borrowers to each of the Lenders that no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion or continuation.

Appears in 2 contracts

Samples: Credit Agreement (Kinder Morgan Energy Partners L P), Credit Agreement (Kinder Morgan Energy Partners L P)

Conditions Precedent to Conversions. The obligation of the Lenders to convert or continue any existing Borrowing as or into or as a Eurodollar Borrowing is subject to the condition precedent that on the date of such conversion or continuation no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion. The acceptance of the benefits of each such conversion or continuation shall constitute a representation and warranty by the Company Loan Parties to each of the Lenders that no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion or continuation.

Appears in 2 contracts

Samples: Credit Agreement (Kinder Morgan Bulk Terminals Inc), Credit Agreement (Kinder Morgan Energy Partners L P)

Conditions Precedent to Conversions. The obligation of the Lenders to convert or continue any existing Borrowing as or into or as a Eurodollar Borrowing is subject to the condition precedent that on the date of such conversion or continuation no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion. The acceptance of the benefits of each such conversion or continuation shall constitute a representation and warranty by the Company Borrowers to each of the Lenders that no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion or continuation.

Appears in 1 contract

Samples: Credit Agreement (Kinder Morgan Energy Partners L P)

AutoNDA by SimpleDocs

Conditions Precedent to Conversions. The obligation of the Lenders to convert or continue any existing Borrowing as or into or as a Eurodollar Borrowing is subject to the condition precedent that on the date of such conversion or continuation no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion. The acceptance of the benefits of each such conversion or continuation shall constitute a representation and warranty by the Company to each of the Lenders that no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion or continuation.364-Day Facility 39

Appears in 1 contract

Samples: Credit Agreement (Kinder Morgan Energy Partners L P)

Conditions Precedent to Conversions. The obligation of the Lenders to convert or continue any existing Borrowing as or into or as a Eurodollar Borrowing is subject to the condition precedent that on the date of such conversion or continuation no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion. The acceptance of the benefits of each such conversion or continuation shall constitute a representation and warranty by the Company to each of the Lenders that no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion or continuation.

Appears in 1 contract

Samples: Credit Agreement (Kinder Morgan Energy Partners L P)

Conditions Precedent to Conversions. The obligation of the Lenders to convert or continue any existing Borrowing into or as a Borrowing consisting of Eurodollar Borrowing Rate Loans is subject to the condition precedent that on the date of such conversion or continuation no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion. The acceptance of the benefits of each such conversion or continuation shall constitute a representation and warranty by the Company Loan Parties to each of the Lenders that no Default or Event of Default shall have occurred and be continuing or would result from the making of such conversion or continuationconversion.

Appears in 1 contract

Samples: Credit Agreement (Energy Ventures Inc /De/)

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