Common use of Conditions Precedent to Each Increase or Extension of the Commitments Clause in Contracts

Conditions Precedent to Each Increase or Extension of the Commitments. Each increase of the Commitments pursuant to Section 2.6 and each extension of the Commitments pursuant to Section 2.7 shall not become effective until the date on which each of the following conditions is satisfied: (a) The representations and warranties of the Borrower contained in Section 6.1 of this Agreement and in the other Loan Documents shall be true and correct in all material respects (except to the extent that any representation and warranty is qualified by materiality in the text thereof, in which case such representation and warranty shall be true and correct in all respects) on and as of the date of such increase or extension of the Commitments (except for those representations or warranties or parts thereof that, by their terms, expressly relate solely to a specific date, in which case such representations and warranties shall be true and correct in all material respects as of such specific date), before and after giving effect to such extension or increase of the Commitments as though made on and as of such date. (b) At the time of and immediately after giving effect to such increase or extension of the Commitments, no Default or Event of Default shall have occurred and be continuing.

Conditions Precedent to Each Increase or Extension of the Commitments. Each increase of the Commitments pursuant to Section 2.6 and each extension of the Commitments pursuant to Section 2.7 shall not become effective until the date on which each of the following conditions is satisfied: (a) The representations and warranties of the Borrower Loan Parties contained in Section 6.1 7.1 of this Agreement and in the other Loan Documents shall be true and correct in all material respects (except to the extent that any representation and warranty is qualified by materiality in the text thereof, in which case such representation and warranty shall be true and correct in all respects) on and as of the date of such increase or extension of the Commitments (except for those representations or warranties or parts thereof that, by their terms, expressly relate solely to a specific date, in which case such representations and warranties shall be true and correct in all material respects as of such specific date), before and after giving effect to such extension or increase of the Commitments as though made on and as of such date. (b) At the time of and immediately after giving effect to such increase or extension of the Commitments, no Default or Event of Default shall have occurred and be continuing.