Common use of Conditions Precedent to each Utilisation Clause in Contracts

Conditions Precedent to each Utilisation. The Lenders will only be obliged to comply with clause 6.5 (Lenders’ participation) if, on the proposed Utilisation Date: (A) no Default or Event of Default is continuing or will result from the proposed Loan; and (B) an Authorised Signatory of the relevant Borrower certifies that the Repeating Representations to be made by each Obligor are, in the light of the facts and circumstances then existing, true and correct in all material respects (or, in the case of a Repeating Representation that contains a materiality concept, true and correct in all respects).

Conditions Precedent to each Utilisation. The Lenders will only be obliged to comply with clause 6.5 (Lenders’ participation) if, on the proposed Utilisation Date: (A) no Default or Event of Default is continuing or will result from the proposed Loan; and (B) an Authorised Signatory of the relevant Borrower Company certifies that the Repeating Representations to be made by each Obligor are, in the light of the facts and circumstances then existing, true and correct in all material respects (or, in the case of a Repeating Representation that contains a materiality concept, true and correct in all respects).