Common use of Conditions Precedent to Each Revolving Credit Borrowing, Commitment Increase and Commitment Extension Clause in Contracts

Conditions Precedent to Each Revolving Credit Borrowing, Commitment Increase and Commitment Extension. The obligation of each Lender to make a Revolving Credit Advance on the occasion of each Revolving Credit Borrowing, each extension of Commitments pursuant to Section 2.16 and each Commitment Increase shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Revolving Credit Borrowing, such Extension Date or such Increase Date, as the case may be, the following statements shall be true (and each of the giving of the applicable Notice of Revolving Credit Borrowing, request for Commitment extension and request for Commitment Increase and the acceptance by the Borrower of the proceeds of such Revolving Credit Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Revolving Credit Borrowing, such Extension Date or such Increase Date, as the case may be, such statements are true):

Appears in 2 contracts

Samples: Year Credit Agreement (United Parcel Service Inc), Five Year Credit Agreement (United Parcel Service Inc)

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Conditions Precedent to Each Revolving Credit Borrowing, Commitment Increase and Commitment Extension. The obligation of each Lender to make a Revolving Credit Advance on the occasion of each Revolving Credit Borrowing, Borrowing and each Commitment Increase pursuant to Section 2.18 and each extension of Commitments pursuant to Section 2.16 and each Commitment Increase 2.19 shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Revolving Credit Borrowing, such the applicable Increase Date or the applicable Extension Date or such Increase Date, as the case may be, (a) the following statements shall be true (and each of the giving of the applicable Notice of Revolving Credit Borrowing, request for Commitment extension and Increase, request for Commitment Increase Extension and the acceptance by the Borrower of the proceeds of such Revolving Credit Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Revolving Credit Borrowing, request for Commitment Extension, such Increase Date or such Extension Date or such Increase Date, as the case may be, such statements are true):

Appears in 2 contracts

Samples: Five Year Credit Agreement (Snap on Inc), Five Year Credit Agreement (Snap on Inc)

Conditions Precedent to Each Revolving Credit Borrowing, Commitment Increase and Commitment Extension. (a) The obligation of each Lender to make a Revolving Credit Advance on the occasion of each Revolving Credit Borrowing, Borrowing and each Commitment Increase pursuant to Section 2.18 and each extension of Commitments pursuant to Section 2.16 and each Commitment Increase 2.19 shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Revolving Credit Borrowing, such the applicable Increase Date or the applicable Extension Date or such Increase Date, as the case may be, the following statements shall be true (and each of the giving of the applicable Notice of Revolving Credit Borrowing, request for Commitment extension and Increase, request for Commitment Increase Extension and the acceptance by the Borrower of the proceeds of such Revolving Credit Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Revolving Credit Borrowing, request for Commitment Extension, such Increase Date or such Extension Date or such Increase Date, as the case may be, such statements are true):

Appears in 2 contracts

Samples: Assignment and Assumption (SNAP-ON Inc), Assignment and Assumption (SNAP-ON Inc)

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Conditions Precedent to Each Revolving Credit Borrowing, Commitment Increase and Commitment Extension. The obligation of each Lender to make a Revolving Credit Advance on the occasion of each Revolving Credit Borrowing, each extension of Commitments pursuant to Section 2.16 and each Commitment Increase shall be subject to the conditions precedent that the Effective Date shall have occurred and on the date of such Revolving Credit Borrowing, Borrowing such Extension Date or such Increase Date, as the case may be, the following statements shall be true (and each of the giving of the applicable Notice of Revolving Credit Borrowing, request for Commitment extension and request for Commitment Increase and the acceptance by the Borrower of the proceeds of such Revolving Credit Borrowing shall constitute a representation and warranty by the Borrower that on the date of such Revolving Credit Borrowing, such Extension Date or such Increase Date, as the case may be, such statements are true):

Appears in 2 contracts

Samples: Five Year Credit Agreement (United Parcel Service Inc), Five Year Credit Agreement (United Parcel Service Inc)

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