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

Conditions Precedent to Each Credit Event. The occurrence of each Credit Event (including the initial Borrowing) is subject to the further conditions that: (a) Borrower shall have delivered to Agent the Notice of Borrowing, Notice of Conversion or Notice of Interest Period Selection, 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 Borrower and its 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); (ii) No Default or Event of Default has occurred and is continuing or will result from such Credit Event; and (iii) All of the Credit Documents are in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Adac Laboratories)

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Conditions Precedent to Each Credit Event. The occurrence of each Credit Event (including the initial Borrowing) is subject to the further conditions that: (a) Borrower shall have delivered to Agent (and Issuing Bank, in the case of an LC Application) the Notice of Borrowing, Notice of Conversion or Notice of Interest Period Selection, 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 Borrower and its Subsidiaries set forth in PARAGRAPH 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 or Event of Default has occurred and is continuing or will result from such Credit Event; and (iii) All of the Credit Documents are in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Indus International Inc)

Conditions Precedent to Each Credit Event. The occurrence of ----------------------------------------- each Credit Event (including the initial Borrowing) is subject to the further conditions that: (a) Borrower shall have delivered to Agent the Notice of Borrowing, Notice of Conversion Borrowing or Notice of Interest Period Selection, 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 Borrower and its Subsidiaries set forth in PARAGRAPH 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); (ii) No Default or Event of Default has occurred and is continuing or will result from such Credit Event; and (iii) All of the Credit Documents are in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Acuson Corp)

Conditions Precedent to Each Credit Event. The occurrence of each Credit Event (including the initial Borrowingborrowing) is subject to the further conditions that: (a) Borrower shall have delivered to Agent the Notice of Borrowing, Notice notice of Conversion conversion or Notice notice of Interest Period Selectioninterest period selection, as the case may be, for such Credit Event credit event in accordance with this Agreementagreement; and (b) On the date such Credit Event credit event is to occur and after giving effect to such Credit Eventcredit event, the following shall be true and correct: (i) The representations and warranties of Borrower and its 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); (ii) No Default or Event of Default has occurred and is continuing or will result from such Credit Event; and (iii) All of the Credit Documents are in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Adac Laboratories)

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Conditions Precedent to Each Credit Event. The occurrence of each ----------------------------------------- Credit Event (including the initial Borrowing) is subject to the further conditions that: (a) Borrower shall have delivered to Agent the Notice of Borrowing, Notice of Conversion Borrowing or Notice of Interest Period Selection, 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 Borrower and its Subsidiaries set forth in PARAGRAPH 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); (ii) No Default or Event of Default has occurred and is continuing or will result from such Credit Event; and (iii) All of the Credit Documents are in full force and effect.

Appears in 1 contract

Samples: Credit Agreement (Acuson Corp)

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