Common use of Conditions Precedent to Each Borrowing of a Subsidiary Borrower Clause in Contracts

Conditions Precedent to Each Borrowing of a Subsidiary Borrower. The obligation of each Lender to make an Advance to a Subsidiary Borrower on the occasion of each Borrowing (including the initial Borrowing) is subject to the further conditions precedent that on the date of the request for such Borrowing and the date of such Borrowing, the following statements shall be true, and each of the giving of the applicable Notice of Borrowing and the acceptance by such Subsidiary Borrower of the proceeds of such Borrowing shall be (a) a representation by such Subsidiary Borrower that: (i) the representations and warranties of that Subsidiary Borrower contained (A) in subsections (a) through (g) and (i) of Section 3.1 (other than clause (i) of subsection (d) thereof) are true and accurate on and as of each such date as though made on and as of each such date (except to the extent that such representations and warranties relate solely to an earlier date), and (B) in its Borrower Subsidiary Letter are true and correct on and as of the date of such Borrowing, before and after giving effect to such Borrowing; and (ii) as of each such date no event has occurred and is continuing, or would result from the proposed Borrowing, which constitutes a Default; and (b) a representation by TBC that the representations and warranties of TBC contained in subsections (a) through (g) and (i) of Section 3.1 (other than clause (i) of subsection (d) thereof) are true and accurate on and as of each such date as though made on and as of each such date (except to the extent that such representations and warranties relate solely to an earlier date), and that, as of each such date, no event has occurred and is continuing, or would result from the proposed Borrowing, which constitutes a Default.