Conditions to Each Revolving Loan Sample Clauses

Conditions to Each Revolving Loan. (a) Except as otherwise expressly provided herein, no Lender shall be obligated to fund any Advance or incur any Letter of Credit Obligation if, as of the date thereof: (i) any representation or warranty by any Loan Party contained herein or in any of the other Loan Documents shall be untrue or incorrect in any material respect (or untrue or incorrect in any respect if such representation or warranty contains any materiality qualifier, including references to “material”, “Material Adverse Effect” or dollar thresholds) as of such date (or, in lieu thereof, as of a specific earlier date if such representation or warranty expressly relates to an earlier date and except for changes therein expressly permitted or expressly contemplated by this Agreement) and in such case the Administrative Agent or the Requisite Revolving Lenders shall have determined not to make (or permit to be made) any such Advance or incur (or permit to be incurred) any Letter of Credit Obligation so long as such representation or warranty remains untrue or incorrect; or (ii) (x) any Event of Default shall have occurred and be continuing or would result immediately after giving effect to any Advance (or the incurrence of any Letter of Credit Obligation) or (y) a Default shall have occurred and be continuing or would result immediately after giving effect to any Advance or incurrence of any Letter of Credit Obligation, and in either such case the Administrative Agent or the Requisite Revolving Lenders shall have determined not to make (or permit to be made) any Advance or incur (or permit to be incurred) any Letter of Credit Obligation so long as such Event of Default or Default is continuing; or (iii) to the extent such request is for an Advance or the incurrence of any Letter of Credit Obligation, the amount of such requested Advance or incurrence of a Letter of Credit Obligation shall cause the aggregate principal amount of outstanding Advances to exceed the Borrowing Availability under Section 2.1(a) and in such case the Administrative Agent or the Requisite Revolving Lenders shall have determined not to make (or permit to be made) any Advance or incur (or permit to be incurred) any Letter of Credit Obligation so long as the Borrowing Availability is exceeded; or (iv) the Administrative Agent shall not have received a Notice of Advance in accordance with Section 2.1(a) or a L/C Application in accordance with Section 2.2(e), as applicable. (b) The receipt by Xxxxxxxx of the proceeds of a...
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Conditions to Each Revolving Loan. On the date of each Revolving Loan, the following statements will be true: (a) All of the representations and warranties contained herein and in the Loan Documents will be correct in all material respects as though made on such date; (b) No event will have occurred and be continuing, or would result from such Loan, which constitutes an Event of Default, or would constitute an Event of Default but for the requirement that notice be given or lapse of time or both; (c) The aggregate unpaid principal amount of the Revolving Loans after giving effect to such Revolving Loan will not violate the lending limits set forth in Section 2.1 of this Agreement. The acceptance by Borrower of the proceeds of each Revolving Loan will be deemed to constitute a representation and warranty by Borrower that the conditions in Section 7.2 of this Agreement, other than those that have been waived in writing by Bank, have been satisfied.
Conditions to Each Revolving Loan. The agreement of each Revolving Lender to make any Revolving Loan requested to be made by it on any date (including its initial Revolving Loan) is subject to the satisfaction of the following conditions precedent:
Conditions to Each Revolving Loan. On the date of each Revolving Loan, the following statements will be true: (a) All of the representations and warranties contained herein and in the Loan Documents will be correct in all material respects as though made on such date; (b) No event will have occurred and be continuing, or would result from such Revolving Loan, which constitutes an Event of Default, or would constitute an Event of Default but for the requirement that notice be given or lapse of time or both; (c) The aggregate unpaid principal amount of the Revolving Loans after giving effect to such Revolving Loan will not violate the lending limits set forth in Section 2.1
Conditions to Each Revolving Loan. The obligation of each Lender to make any Revolving Loan on any Credit Date (including the Closing Date) is subject to the satisfaction, or waiver in accordance with Section 10.5, of the following conditions on or before such Credit Date:
Conditions to Each Revolving Loan. As conditions precedent to the making of each Revolving Loan under this Agreement: (a) GAC shall be in compliance with each and all of its covenants and agreements herein as of the date each such Revolving Loan is requested; (b) GAC shall not be in Default under any other Indebtedness (excluding, however, any default that has been addressed in a written forbearance agreement between GAC and GECC in effect as of the date hereof and as such forbearance agreement may be amended from time to time); (c) All of the representations and warranties contained herein are true, accurate, and correct in all material respects as of the date each such Revolving Loan is requested; and (d) The aggregate outstanding principal balance of the Facility after giving effect to such Revolving Loan will not exceed the lesser of the Limit or the borrowing base formula contained in Section 2(b) hereof. By requesting a Revolving Loan under this Agreement, GAC will be deemed to have certified the occurrence or existence of each of the foregoing conditions precedent.
Conditions to Each Revolving Loan. Lender shall have no obligation --------------------------------- to advance additional Revolving Loans unless, as to each such loan, the following statements shall be true and correct: (a) Each of the representations and warranties contained herein and in the Loan Documents shall be correct in all material respects, and each shall be deemed to be reaffirmed as of the date of each such Revolving Loan; (b) No event shall have occurred and be continuing, or would result from such Revolving Loan, which constitutes an Event of Default, or would constitute an Event of Default but for the requirement that notice be given or lapse of time or both; (c) The aggregate unpaid principal amount of the Revolving Loans after giving effect to such Revolving Loan shall not violate the lending limits set forth in Section 2.1
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Conditions to Each Revolving Loan. No Revolving Loan shall be made to the Borrower unless: (a) the Effective Date shall have occurred; (b) the Borrower shall have delivered to the RBF Noteholder a Notice of Borrowing substantially in the form attached hereto as Exhibit 5.2B; (c) the Borrower shall have delivered a certificate from Senior Officer of the Borrower certifying that as if the date of such borrowing: (i) both before and after giving effect to each borrowing under Section 2.5 (i) no Default or Event of Default exists, and (ii) the representations and warranties of the Borrower contained in the Credit Documents are true and correct; (ii) the Current Ratio is equal to or greater than 1.00 to 1.00 for the applicable Twelve-month Period and setting forth in reasonable detail the calculation used to determine compliance with such Current Ratio; and (iii) the Fixed Charge Coverage Ratio is equal to or greater than 1:00 to 1:00 for the applicable Twelve-month Period and setting forth in reasonable detail the calculation used to determine compliance with such Fixed Charge Coverage Ratio.
Conditions to Each Revolving Loan. On the date of each Revolving ---------------------------------- Loan, the following statements in subparagraphs (a) through (c) below shall be true and the documents required by subparagraph (d) below shall be required: (a) All of the representations and warranties contained herein and in the Loan Documents shall be correct in all material respects as though made on such date; (b) No event shall have occurred and be continuing, or would result from such Loan, which constitutes an Event of Default, or would constitute an Event of Default but for the requirement that notice be given of lapse of time or both; (c) The aggregate unpaid principal amount of the Revolving Loans after giving effect to such Revolving Loan shall not violate the lending limits set forth in Section 2.1 of this Agreement; and (d) Corporation shall provide Bank with the monthly Borrowing Base Certificate. The acceptance by Borrower of the proceeds of each Revolving Loan shall be deemed to constitute a representation and warranty by Borrower that the conditions in Section 7.2 of this Agreement, other than those that have been waived in writing by Bank, have been satisfied. Borrower authorizes Bank to make distributions of loan proceeds to any one or more of them.
Conditions to Each Revolving Loan. The Purchaser's obligation to make any Loan to the Company on any Credit Date, including the Subsequent Closing Date, is subject to the satisfaction of each of the following conditions, unless waived by the Purchaser:
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