CONDITIONS TO CREDIT EVENTS Sample Clauses
CONDITIONS TO CREDIT EVENTS. The obligations of (a) the Lenders to make Loans or (b) any Issuing Bank to issue, amend, extend or renew any Revolving Letter of Credit hereunder (each of (a) and (b), a “Credit Event”) are subject to the satisfaction of the following conditions:
CONDITIONS TO CREDIT EVENTS. The obligations of the Banks to make each and every Loan, and to make each and every advance of the proceeds thereof (each of the foregoing events being called a "Credit Event") are subject to the prior or contemporaneous satisfaction of the following conditions:
CONDITIONS TO CREDIT EVENTS. The obligations of the Lenders to make Loans (a “Credit Event”) are subject to the satisfaction of the following conditions:
CONDITIONS TO CREDIT EVENTS. 31 SECTION 4.1 Credit Events................................................................... 31 SECTION 4.2 First Credit Event.............................................................. 31
CONDITIONS TO CREDIT EVENTS. 30 SECTION 4.1
CONDITIONS TO CREDIT EVENTS. Section 4.01. All Credit Events 71 Section 4.02. First Credit Event 72
CONDITIONS TO CREDIT EVENTS. Conditions Precedent to Each Credit Event ............................... 75 Section 6.2. Representations and Warranties with Respect to Credit Events ............ 76
CONDITIONS TO CREDIT EVENTS. The obligation of each Bank to make Advances to the Borrower hereunder and the obligation of the Co-Agent to issue the Letter of Credit Amendment is subject to the satisfaction of the following conditions:
CONDITIONS TO CREDIT EVENTS. (a) As conditions precedent to the initial Credit Event hereunder:
(i) Each Borrower shall have delivered or shall have had delivered to the Agent, in form and substance and in quantities reasonably satisfactory to the Agent and its counsel, each of the following:
(A) this Agreement, duly executed by the parties hereto;
(B) each of the Warehouse Security Agreement, Servicing Security Agreement, the Cash Collateral Agreement, the Statement of Accounts Receivable and the Power of Attorney for each Borrower, duly executed (and notarized where required) by the parties thereto (which Powers of Attorney shall be "protocolized" under the laws of Puerto Rico by counsel to the Borrowers, and filed with the Registry of Powers of Attorneys and Willx xx local counsel to the Agent promptly after the closing contemplated hereunder);
(C) a duly executed Facility 1 Note for each Lender with a Facility 1 Commitment and a duly executed Facility 2 Note for each Lender with a Facility 2 Commitment;
(D) duly executed Drafts as required under Section 2.5(c);
(E) duly executed documents, instruments and agreements, properly executed, deemed necessary or appropriate by the Agent, in its reasonable discretion, to create in favor of the Lenders a valid and perfected, first priority security interest in and lien upon the Collateral;
(F) a certified copy of resolutions of the Board of Directors of each of the Borrowers approving the execution, delivery and performance of all Loan Documents required to be delivered by such parties hereunder and the transactions contemplated therein;
(G) a certificate of the Secretary or an Assistant Secretary of each of the Borrowers certifying the names and true signatures of the officers of such parties authorized to sign the Loan Documents required to be executed and delivered by such parties hereunder, in each case dated the Effective Date;
(H) an opinion of special New York counsel to the Agent in the form of Exhibit F-1 and covering such other matters as the Agent may reasonably request and an opinion of Puerto Rico counsel for the Borrowers in the form of Exhibit F-2 and covering such other matters as the Agent may reasonably request, in each case dated the Effective Date;
(I) a copy of the Certificate of Incorporation or other equivalent document available in the applicable jurisdiction of the Borrowers certified by the appropriate officer of the jurisdiction of such party's incorporation as of a recent date;
(J) a copy of the Bylaws of the Bo...
CONDITIONS TO CREDIT EVENTS. Section 4.01. All Credit Events 72 Section 4.02. Restatement Date 73 ARTICLE V AFFIRMATIVE COVENANTS Section 5.01. Existence; Businesses and Properties 75 Section 5.02. Insurance 75 Section 5.03. Taxes; Payment of Obligations 77 Section 5.04. Financial Statements, Reports, Etc 77 Section 5.05. Litigation and Other Notices 79 Section 5.06. Compliance with Laws 79