CONDITIONS PRECEDENT TO LOANS AND LETTERS Sample Clauses

CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 67 Section 3.1. Conditions to Effectiveness 67 Section 3.2. Conditions to Each Credit Event 70 Section 3.3. Delivery of Documents 70 Section 3.4. Effect on Existing Credit Facility 70 ARTICLE IV REPRESENTATIONS AND WARRANTIES 71 Section 4.1. Existence; Power 71 Section 4.2. Organizational Power; Authorization 71 Section 4.3. Governmental Approvals; No Conflicts 71 Section 4.4. Financial Statements 71 Section 4.5. Litigation and Environmental Matters 72 Section 4.6. Compliance with Laws and Agreements 72 Section 4.7. Investment Company Act. 72 Section 4.8. Taxes 72 Section 4.9. Use of Proceeds; Margin Regulations 72 Section 4.10. ERISA 73 Section 4.11. Ownership of Property; Insurance 73 Section 4.12. Disclosure 74 Section 4.13. Labor Relations 74 Section 4.14. Subsidiaries 74 Section 4.15. Solvency 74 Section 4.16. [Reserved] 74 Section 4.17. Collateral Documents 74 Section 4.18. [Reserved] 75 Section 4.19. Healthcare Matters 75 Section 4.20. Sanctions 78 Section 4.21. Anti-Corruption Laws 78 Section 4.22. Patriot Act 78 ARTICLE V AFFIRMATIVE COVENANTS 78 Section 5.1. Financial Statements and Other Information 78 Section 5.2. Notices of Material Events 80 Section 5.3. Existence; Conduct of Business 82 Section 5.4. Compliance with Laws 82 Section 5.5. Payment of Obligations 83 Section 5.6. Books and Records 83 Section 5.7. Visitation and Inspection 83 Section 5.8. Maintenance of Properties; Insurance 83 Section 5.9. Use of Proceeds; Margin Regulations 84 Section 5.10. [Reserved] 84 Section 5.11. Cash Management 84 Section 5.12. Additional Subsidiaries and Collateral 85 Section 5.13. Mortgages; Collateral Access Agreements 86 Section 5.14. Further Assurances 87 Section 5.15. Health Care Matters 87 Section 5.16. Post-Closing Matters 88 Section 5.17. [Reserved] 88 Section 5.18. Limitations on Designation of Excluded Subsidiaries 88 Section 5.19. Anti-Corruption Laws 90 ARTICLE VI FINANCIAL COVENANTS 90 Section 6.1. Leverage Ratio 90 Section 6.2. Interest/Rent Coverage Ratio 90 ARTICLE VII NEGATIVE COVENANTS 91 Section 7.1. Indebtedness and Preferred Equity 91 Section 7.2. Liens 93 Section 7.3. Fundamental Changes 94 Section 7.4. Investments, Loans 95 Section 7.5. Restricted Payments 97 Section 7.6. Sale of Assets 98 Section 7.7 Transactions with Affiliates 99 Section 7.8. Restrictive Agreements 100 Section 7.9. Sale and Leaseback Transactions 100 Section 7.10. Hedging Transactions 101 Section 7.11. Amendment to Material Documents 101 Section 7.12. Pr...
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CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 45
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CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 73 Section 3.1. Conditions to Effectiveness 73 Section 3.2. Conditions to Each Credit Event 77 Section 3.3. Delivery of Documents 77 Section 3.4. Effect on Existing Credit Facility 77 ARTICLE IV REPRESENTATIONS AND WARRANTIES 78 Section 4.1. Existence; Power 78 Section 4.2. Organizational Power; Authorization 78 Section 4.3. Governmental Approvals; No Conflicts 78 Section 4.4. Financial Statements 78 Section 4.5. Litigation and Environmental Matters 79 Section 4.6. Compliance with Laws and Agreements 79 Section 4.7. Investment Company Act 79 Section 4.8. Taxes 79 Section 4.9. Use of Proceeds; Margin Regulations 79 Section 4.10. ERISA 80 Section 4.11. Ownership of Property; Insurance 80 Section 4.12. Disclosure 81 Section 4.13. Labor Relations 81 Section 4.14. Subsidiaries 81 Section 4.15. Solvency 81 Section 4.16. [Reserved] 81 Section 4.17. Collateral Documents 82 Section 4.18. [Reserved] 82 Section 4.19. Healthcare Matters 82 Section 4.20. Sanctions 85 Section 4.21. Anti-Corruption Laws 85 Section 4.22. Patriot Act 85 Section 4.23. EEA Financial Institutions 85 ARTICLE V
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CONDITIONS PRECEDENT TO LOANS AND LETTERS. OF CREDIT 46 SECTION 3.1 CONDITIONS TO EFFECTIVENESS 46 SECTION 3.2 EACH CREDIT EVENT 48 SECTION 3.3 DELIVERY OF DOCUMENTS 48
Sample 1

Related to CONDITIONS PRECEDENT TO LOANS AND LETTERS

  • Conditions Precedent to Loans The obligation of each Lender to make any Loans is subject, at the time of each such Loan, to the satisfaction of the following conditions:

  • Conditions Precedent to Loans and Letters of Credit 57 Section 3.1. Conditions to Effectiveness 57 Section 3.2. Conditions to Each Credit Event 60 Section 3.3. Delivery of Documents 60

  • CONDITIONS PRECEDENT TO LOAN The obligations of Lender to make the Loan hereunder are subject to the satisfaction by Borrower of the following conditions:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF EACH PARTY The obligations of each Party to effect the Merger and otherwise consummate the Contemplated Transactions to be consummated at the Closing are subject to the satisfaction or, to the extent permitted by applicable Law, the written waiver by each of the Parties, at or prior to the Closing, of each of the following conditions:

  • Conditions Precedent to All Borrowings The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

  • Conditions Precedent to Initial Loans and Letters of Credit The obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject to the satisfaction or due waiver in accordance with Section 11.1 (

  • Conditions Precedent to Funding The obligations of the Lender to make any Advance, are subject to the conditions precedent that the Lender shall have received the following, in form and substance satisfactory to the Lender:

  • Conditions Precedent to Initial Loans In addition to the conditions set forth in Section 6.2, Lenders shall not be required to fund any requested Loan, issue any Letter of Credit, or otherwise extend credit to Borrowers hereunder, until the date (“Closing Date”) that each of the following conditions has been satisfied:

  • Conditions Precedent to All Loans and Letters of Credit In addition to satisfaction or waiver of the conditions precedent contained in Section 6.1., the obligations of (i) the Lenders to make any Loans and (ii) the Issuing Banks to issue, extend or increase any Letters of Credit are each subject to the further conditions precedent that: (a) no Default or Event of Default shall exist as of the date of the making of such Loan or date of issuance, extension or increase of such Letter of Credit or would exist immediately after giving effect thereto, and no violation of the limits described in Section 2.16. would occur after giving effect thereto; (b) the representations and warranties made or deemed made by the Borrower and each other Loan Party in the Loan Documents to which any of them is a party, shall be true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of the date of the making of such Loan or date of issuance, extension or increase of such Letter of Credit with the same force and effect as if made on and as of such date except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects (except in the case of a representation or warranty qualified by materiality, in which case such representation or warranty shall be true and correct in all respects) on and as of such earlier date) and (c) in the case of the borrowing of Revolving Loans, the Administrative Agent shall have received a timely Notice of Borrowing, in the case of a Swingline Loan, the Swingline Lender shall have received a timely Notice of Swingline Borrowing, and in the case of the issuance, extension or increase of a Letter of Credit the applicable Issuing Bank and the Administrative Agent shall have received a timely request for the issuance, extension or increase of such Letter of Credit. Each Credit Event shall constitute a certification by the Borrower to the effect set forth in the preceding sentence (both as of the date of the giving of notice relating to such Credit Event and, unless the Borrower otherwise notifies the Administrative Agent prior to the date of such Credit Event, as of the date of the occurrence of such Credit Event). In addition, the Borrower shall be deemed to have represented to the Administrative Agent and the Lenders at the time any Loan is made or any Letter of Credit is issued, extended or increased that all conditions to the making of such Loan or issuing, extending or increasing of such Letter of Credit contained in this Article VI. have been satisfied. Unless set forth in writing to the contrary, the making of its initial Loan by a Lender shall constitute a certification by such Lender to the Administrative Agent for the benefit of the Administrative Agent and the Lenders that the conditions precedent for initial Loans set forth in Sections 6.1. and 6.2. that have not previously been waived by the Lenders in accordance with the terms of this Agreement have been satisfied.

  • Conditions Precedent to All Loans Each Lender’s obligations to make each Loan is subject to the following conditions precedent:

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