Common use of Conditions Precedent to Each Credit Event Clause in Contracts

Conditions Precedent to Each Credit Event. The occurrence of each Credit Event is subject to the further conditions that: (a) The applicable Borrower(s) shall have delivered to Agent (and Issuing Bank, in the case of an LC Application) the Notice of Borrowing or LC Application, as the case may be, for such Credit Event in accordance with this Agreement; and (b) On the date such Credit Event is to occur and after giving effect to such Credit Event, the following shall be true and correct: (i) The representations and warranties of Borrowers and their Subsidiaries set forth in Paragraph 4.01 and in the other Credit Documents are true and correct in all material respects as if made on such date (except for representations and warranties expressly made as of a specified date, which shall be true as of such date); and (ii) No Default has occurred and is continuing or will result from such Credit Event. The submission by any of the Borrowers to Agent of each Notice of Borrowing and each LC Application shall be deemed to be a representation and warranty by such Borrower that each of the statements set forth above in this Subparagraph 3.02(b) is true and correct as of the date of such notice.

Appears in 2 contracts

Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

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Conditions Precedent to Each Credit Event. The occurrence of each Credit Event is subject to the further conditions that: (a) The applicable Borrower(s) Borrower shall have delivered to Agent (and Issuing Bank, in the case of an LC Application) the Notice of Borrowing or LC Application, as the case may be, for such Credit Event in accordance with this Agreement; and (b) On the date such Credit Event is to occur and after giving effect to such Credit Event, the following shall be true and correct: (i) The representations and warranties of Borrowers FIL, Borrower and their FIL’s Subsidiaries set forth in Paragraph 4.01 and in the other Credit Documents are true and correct in all material respects as if made on such date (except for representations and warranties expressly made as of a specified date, which shall be true as of such date); and (ii) No Default has occurred and is continuing or will result from such Credit Event. The submission by any of the Borrowers Borrower to Agent of each Notice of Borrowing and each LC Application shall be deemed to be a representation and warranty by such Borrower that each of the statements set forth above in this Subparagraph 3.02(b) is true and correct as of the date of such notice.

Appears in 2 contracts

Samples: Credit Agreement (Flextronics International LTD), Credit Agreement (Flextronics International LTD)

Conditions Precedent to Each Credit Event. The occurrence of each Credit Event is subject to the further conditions that: (a) The applicable Borrower(s) Borrowers shall have delivered to Agent (and Issuing Bank, in the case of an LC Application) the Notice of Borrowing or LC Application, as the case may be, for such Credit Event in accordance with this Agreement; and (b) On the date such Credit Event is to occur and after giving effect to such Credit Event, the following shall be true and correct: (i) The representations and warranties of Borrowers and their Subsidiaries set forth in Paragraph 4.01 and in the other Credit Documents are true and correct in all material respects as if made on such date (except for representations and warranties expressly made as of a specified date, which shall be true as of such date); and (ii) No Default has occurred and is continuing or will result from such Credit Event. The submission by any of the Borrowers to Agent of each Notice of Borrowing and each LC Application shall be deemed to be a representation and warranty by such Borrower that each of the statements set forth above in this Subparagraph 3.02(b) is true and correct as of the date of such notice.

Appears in 1 contract

Samples: Credit Agreement (Flextronics International LTD)

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Conditions Precedent to Each Credit Event. The occurrence of each Credit Event is subject to the further conditions that: (a) The applicable Borrower(s) Borrower shall have delivered to Agent (and Issuing Bank, in the case of an LC Application) the Notice of Borrowing or LC Application, as the case may be, for such Credit Event in accordance with this Agreement; and (b) On the date such Credit Event is to occur and after giving effect to such Credit Event, the following shall be true and correct: (i) The representations and warranties of Borrowers FIL, Borrower and their FIL's Subsidiaries set forth in Paragraph 4.01 and in the other Credit Documents are true and correct in all material respects as if made on such date (except for representations and warranties expressly made as of a specified date, which shall be true as of such date); and (ii) No Default has occurred and is continuing or will result from such Credit Event. The submission by any of the Borrowers Borrower to Agent of each Notice of Borrowing and each LC Application shall be deemed to be a representation and warranty by such Borrower that each of the statements set forth above in this Subparagraph 3.02(b) is true and correct as of the date of such notice.

Appears in 1 contract

Samples: Credit Agreement (Flextronics International LTD)

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