Common use of Conditions Precedent to Each Committed Borrowing Clause in Contracts

Conditions Precedent to Each Committed Borrowing. The obligation of each Lender to make a Committed Advance on the occasion of a Committed Borrowing (including the initial Committed Borrowing) shall be subject to the further conditions precedent that (x) the Administrative Agent shall have received a Notice of Committed Borrowing with respect thereto in accordance with Section 2.02 and (y) on the date of such Borrowing (a) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing and the acceptance by the Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Borrowing such statements are true):

Appears in 3 contracts

Samples: Credit Agreement (Viad Corp), Credit Agreement (Viad Corp), Credit Agreement (Viad Corp)

AutoNDA by SimpleDocs

Conditions Precedent to Each Committed Borrowing. The obligation of each Lender to make a Committed Advance on the occasion of a Committed Borrowing (including the initial Committed Borrowing) shall be subject to the further conditions precedent that (x) the Administrative Agent shall have received a Notice of Committed Borrowing with respect thereto in accordance with Section 2.02 and (y) on the date of such Borrowing (a) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing and the acceptance by the either Borrower of the proceeds of such Borrowing shall constitute a representation and warranty by each of the Borrower Borrowers that on the date of such Borrowing such statements are true):

Appears in 1 contract

Samples: Credit Agreement (Viad Corp)

AutoNDA by SimpleDocs

Conditions Precedent to Each Committed Borrowing. The obligation of each Lender to make a Committed an Advance on the occasion of a Committed each Borrowing (including the initial Committed Borrowing) shall be subject to the further conditions precedent that (x) the Administrative Agent shall have received a Notice of Committed Borrowing with respect thereto in accordance with Section 2.02 and (y) on the date of such Borrowing (a) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing and the acceptance by the Borrower requesting such Borrowing of the proceeds of such Borrowing shall constitute a representation and warranty by the such Borrower that on the date of such Borrowing such statements are true):

Appears in 1 contract

Samples: Credit Agreement (Bwip Inc)

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