Common use of Conditions to Effectiveness of Extensions Clause in Contracts

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.19, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 7 contracts

Samples: Credit Agreement (Envista Holdings Corp), Credit Agreement (Envista Holdings Corp), Credit Agreement (Vontier Corp)

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Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Facility Termination Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate of each Borrower dated as of no Default or Unmatured Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V and the or any other Loan Documents Document are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension and after giving effect thereto, as though made on and as of such date, except to the extent that any such representations and warranties specifically refer representation or warranty is stated to relate solely to an earlier date, in which case they are such representation or warranty shall have been true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of such earlier date, and except that for purposes ; (iii) since the date of this the financial statements most recently available under Section 2.19, 6.1(a) or the representations and warranties contained in subsections (a) and (b) date of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, 8-K report filed by the Company with the Securities and Exchange Commission, no event, circumstance or development shall have provided occurred that constitutes, has had or could reasonably be expected to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior constitute or to the Effective Date and have a Material Adverse Effect; and (yiv) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Facility Termination Date of each Non-Extending Replaced Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.053.4) to the extent necessary to keep outstanding Revolving Credit repay, nonratably, the Loans ratable with any revised Applicable of such Non-Replaced Lenders and the Commitment of such Non-Replaced Lenders shall be terminated. The Commitment Percentages of the respective remaining Lenders effective shall be revised as of such date.

Appears in 4 contracts

Samples: Five Year Credit Agreement (Cardinal Health Inc), Five Year Credit Agreement (Cardinal Health Inc), Credit Agreement (Cardinal Health Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective relevant Anniversary Date signed by a Responsible Officer of such Borrower Loan Party (xi) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (yii) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, provided that such materiality qualifier representations qualified by “materiality” or “Material Adverse Effect” shall not be applicable to any representation or warranty that already is qualified or modified by materiality true and correct in the text thereofall respects) on and as of the Effective relevant Anniversary Date, except to the extent that such representations and warranties that specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, provided that such materiality qualifier representations qualified by “materiality” or “Material Adverse Effect” shall not be applicable to any representation or warranty that already is qualified or modified by materiality true and correct in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyexists. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Revolving Lenders effective as of such date.

Appears in 4 contracts

Samples: Credit Agreement (Celanese Corp), Credit Agreement (Celanese Corp), Credit Agreement (Celanese Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, (i) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective Initial Term A-2 Maturity Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any except in the case of a representation or warranty that already is qualified or modified by materiality or Material Adverse Effect or similar language, in the text thereofwhich case such representation or warranty shall be true and correct in all respects) on and as of the Effective Initial Term A-2 Maturity Date (other than the representations and warranties in Section 5.05(c) and Section 5.22, which shall be made only as of the Closing Date), except to the extent that any such representations and warranties representation or warranty specifically refer refers to an earlier date, in which case they are such representation or warranty was true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any except in the case of a representation or warranty that already is qualified or modified by materiality or Material Adverse Effect or similar language, in the text thereofwhich case such representation or warranty shall have been true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Term A-2 Maturity Date, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days Borrower shall pay to the Term A-2 Lenders on or prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Initial Term A-2 Maturity Date of each Non-Extending Lender, a fee (to be shared among the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Term A-2 Lenders based upon their Applicable Percentages of the respective Lenders effective as Outstanding Amount of such datethe Term A-2 Loans) equal to the product of (x) 0.125% multiplied by (y) the then Outstanding Amount of the Term A-2 Loans.

Appears in 4 contracts

Samples: Term Loan Agreement (Healthpeak Properties, Inc.), Term Loan Agreement (Healthpeak Properties, Inc.), Term Loan Agreement (Healthpeak Properties, Inc.)

Conditions to Effectiveness of Extensions. As a condition conditions precedent to the effectiveness of each such extensionextension of the Maturity Date, each of the Company following requirements shall deliver be satisfied or waived on or prior to the Initial Maturity Date or the Extended Maturity Date, as applicable, as determined in good faith by the Administrative Agent (in each case, the first date on which such conditions precedent are satisfied or waived, the “Extension Effective Date”): (i) The Administrative Agent shall have received an Extension Notice within the period required under Section 2.13(a) above; (ii) On the date of such Extension Notice and both immediately before and immediately after giving effect to such extension of the Maturity Date, no Default shall have occurred and be continuing; (iii) The Borrower shall have paid to the Administrative Agent, for the pro rata benefit of the Lenders based on their respective Applicable Percentages as of such date, an extension fee in an amount equal to 0.125% multiplied by the Aggregate Commitments as in effect on the date the proposed extension is to become effective (it being agreed that such extension fee shall be fully earned when paid and shall not be refundable for any reason); (iv) The Administrative Agent shall have received a certificate of each the Borrower dated as of the applicable Extension Effective Date signed by a Responsible Officer of such the Borrower (xi) certifying and attaching the resolutions adopted by such each Loan Party approving or consenting to such extension and (yii) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (providedor if qualified by “materiality,” “material adverse effect” or similar language, that in all respects (after giving effect to such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereofqualification)) on and as of the Effective Datedate the proposed extension is to become effective, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (providedor if qualified by “materiality,” “material adverse effect” or similar language, that in all respects (after giving effect to such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereofqualification)) as of such earlier date, and except that for purposes of this Section 2.192.13, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and is continuing; and (ii)(xv) upon the reasonable request of any Revolving Credit Lender made at least 3 ten (10) days prior to the applicable Extension Effective Date, the Company Borrower shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” rules and regulations, anti-money-laundering rules and regulationslaws, including, without limitation, the PATRIOT Act, and the Beneficial Ownership Regulation, in each case at least 2 five (5) days prior to the Effective Date and (y) at least 2 days prior to the applicable Extension Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 4 contracts

Samples: Credit Agreement (Istar Inc.), Credit Agreement (Istar Inc.), Credit Agreement (Safehold Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, (i) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective applicable Initial Revolving Maturity Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any except in the case of a representation or warranty that already is qualified or modified by materiality or Material Adverse Effect or similar language, in the text thereofwhich case such representation or warranty shall be true and correct in all respects) on and as of such Initial Revolving Maturity Date (other than the Effective representations and warranties in Section 5.05(c) and Section 5.22, which shall be made only as of the Closing Date), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any except in the case of a representation or warranty that already is qualified or modified by materiality or Material Adverse Effect or similar language, in the text thereofwhich case such representation or warranty shall have been true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of such Initial Revolving Maturity Date, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall pay to the Effective Date, the Company shall have provided to Revolving Lenders on such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Initial Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, a fee (to be shared among the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Aggregate Revolving Commitments) equal to the product of such date(x) 0.0625% multiplied by (y) the then Aggregate Revolving Commitments.

Appears in 4 contracts

Samples: Credit Agreement (Healthpeak Properties, Inc.), Credit Agreement (Healthpeak Properties, Inc.), Credit Agreement (Healthpeak Properties, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company each Borrower shall deliver to the Administrative Agent (i) a certificate of each (together with resolutions adopted by such Borrower dated as of approving or otherwise consenting to such extension) on or prior to the Effective Existing Maturity Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, (Ai) the representations and warranties contained in Article V (and, in the case of a Designated Borrower, in its Designated Borrower Request and the other Loan Documents Assumption Agreement) are true and correct in all material respects (provided, except to the extent that such materiality qualifier representations and warranties are already qualified by materiality, in which case they shall not be applicable to any representation or warranty that already is qualified or modified by materiality true and correct in the text thereofall respects) on and as of the Effective Datesuch date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, except to the extent that such materiality qualifier representations and warranties are already qualified by materiality, in which case they shall not be applicable to any representation or warranty that already is qualified or modified by materiality true and correct in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.19Section, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished delivered (or otherwise made available) pursuant to subsections (a) and (b), respectively, of Section 6.01, and (Bii) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyexists. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 4 contracts

Samples: Credit Agreement, Credit Agreement (Amazon Com Inc), Credit Agreement (Amazon Com Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company extension of the Maturity Date pursuant to this Section: (i) the Borrower shall deliver to the Administrative Agent (iA) a certificate of each Borrower dated as signed by the Secretary or an Assistant Secretary of the Effective Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension (which may be general enabling resolutions), and (yB) in the case a certificate of a Responsible Officer of the CompanyBorrower certifying that (1) no Default exists on the date of such certificate, certifying that, either before and or after giving effect to such extension, ; (A2) the representations and warranties contained in Article V and the other Loan Documents this Agreement are true and correct in all material respects on and as of such date both before giving effect to such extension and after giving effect thereto (providedor, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date and except that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date, except apply to the extent that any such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified by materiality); and (3) there has been no event or modified by materiality circumstance since the Closing Date that has had or could be reasonably expected to have, either individually or in the text thereof) as of such earlier date, and except that for purposes of this Section 2.19, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requestsaggregate, a Beneficial Ownership Certification in relation to such Loan Party. In addition, Material Adverse Effect; (ii) on the Maturity Date of applicable to each Non-Extending Lender, the Borrowers Borrower shall prepay prepay, on a non pro rata basis with respect to Extending Lenders, any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of satisfy in full the respective Lenders effective Obligations due to such Non-Extending Lender as of such date; (iii) on the Maturity Date applicable to each Non-Extending Lender, the Borrower shall Cash Collateralize any existing Letters of Credit or make other credit accommodations reasonably satisfactory to the L/C Issuer with respect to such Letters of Credit to the extent that, after giving effect to the payment required by the preceding clause (ii), the Total Outstandings exceed the Commitments of the remaining Lenders; and (iv) in the event that any Non-Extending Lender is a L/C Issuer and any one or more Letters of Credit issued by such L/C Issuer under this Agreement remain outstanding on such L/C Issuer’s Maturity Date, the Borrower shall cash collateralize such Letter of Credit upon terms reasonably satisfactory to such L/C Issuer to secure the Borrower’s obligations to reimburse for drawings under such Letters of Credit or make other arrangements reasonably satisfactory to such L/C Issuer with respect to such Letters of Credit including providing other credit support.

Appears in 3 contracts

Samples: Credit Agreement (ONE Gas, Inc.), Credit Agreement (Oneok Inc /New/), Credit Agreement (ONE Gas, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent Notwithstanding the foregoing, an extension of the Commitment Termination Date pursuant to such extension, the Company this Section 2.13 shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate no Default or Event of each Borrower dated as of Default shall have occurred and be continuing on the Extension Effective Date signed by a Responsible Officer of such Borrower extension; (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, (Aii) the representations and warranties contained in Article V and the other Loan Documents this Agreement are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Extension Effective DateDate (or (A) if any such representation or warranty is expressly stated to have been made as of a specific date, except to as of such specific date, (B) in the extent that case of Section 5.05(a), such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.19, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent financial statements furnished pursuant by the Borrowers hereunder, (C) in the case of Section 5.05(b), such representations and warranties shall be deemed to subsections refer to the most recent audited statements furnished by the Borrowers hereunder, (aD) in the case of Section 5.06, such representations and warranties shall except any matter which has theretofore been disclosed in writing by any Borrower to the Administrative Agent (which will make the same available to each Lender) and (bE) in the case of those representations and warranties which are qualified by materiality or Material Adverse Effect, such representations and warranties shall be true and correct in all respects), respectively, ; (iii) the aggregate amount of Section 6.01, the Commitments of all Extending Lenders and (B) no Default exists and (ii)(x) upon Additional Extension Lenders shall be greater than 50% of the reasonable request of any Revolving Credit Lender made at least 3 days Aggregate Commitments then in effect immediately prior to the Extension Effective Date; (iv) other than in the case of an extension made pursuant to an Extension Amendment, the Company Administrative Agent shall have provided received such other documentation related to such Lender, extension as it shall reasonably request; and (v) receipt by the applicable Lenders and such Lender shall be reasonably satisfied with, the documentation Administrative Agent of the payment of any fees agreed by the Administrative Agent and other information so requested the Borrowers (if any) and expenses due in accordance with Section 10.04(a) in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such dateextension.

Appears in 3 contracts

Samples: 364 Day Credit Agreement (Athene Holding Ltd.), Credit Agreement (Athene Holding LTD), 364 Day Credit Agreement (Athene Holding LTD)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Maturity Date pursuant to this Section shall not be effective with respect to any Lender unless the Borrowers shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Existing Maturity Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such each Loan Party approving or consenting to certifying: (i) No Default shall have occurred and be continuing on the date of such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties of the Borrowers and each other Loan Party contained in Article V and the other Loan Documents are made or deemed made to the Lenders or the Administrative Agent shall be true and correct in all material respects (providedor, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is by its terms qualified by concepts of materiality, such representation or modified by materiality warranty shall be true and correct in the text thereofall respects) on and as of the Effective Existing Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material such respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and ; and (Biii) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided resolutions adopted by such Loan Party approving or consenting to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyextension. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Committed Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 3 contracts

Samples: Credit Agreement (Unifirst Corp), Credit Agreement (Unifirst Corp), Credit Agreement (Unifirst Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Current Revolving Maturity Date of any Revolving Lender pursuant to this Section 2.17 shall not be effective with respect to any Extending Lender unless, on the applicable Anniversary Date, the Borrower shall (i) pay any fees agreed to in connection therewith, (ii) deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective applicable Anniversary Date signed by a Responsible Officer of such the Borrower (xA) certifying and attaching the resolutions adopted by such Loan Party Borrower approving or consenting to such extension extension, and (yB) in the case of the Companycertificate delivered by the Borrower, certifying that, before and after giving effect to such extension, (A1) no Default exists, and (2) the representations and warranties of the Credit Parties contained in Article V and the or any other Loan Documents are Document shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereof) which case they shall be true and correct in all respects), on and as of the Effective Datedate of such extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereofwhich case they shall be true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.17(f)(ii)(B)(2), the representations and warranties contained in subsections (a) Sections 5.04 and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (aSections 6.01(a) and (b), respectively, of Section 6.01and (iii)(A) deliver to the Administrative Agent such Organization Documents and legal opinions as may be reasonably requested by the Administrative Agent or any Lender in connection with such extension, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior provide to the Effective Date, Administrative Agent and the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, Lenders the documentation and other information so reasonably requested in connection with by the Administrative Agent and the Lenders as required by United States regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, including the PATRIOT Act, and (C) in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, if any Loan Credit Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have deliveredRegulation, provide to the Administrative Agent and each Lender, to each Revolving Credit Lender that so requeststhe extent reasonably requested by the Administrative Agent or such Lender, a Beneficial Ownership Certification in relation to such Loan Credit Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 2 contracts

Samples: Credit Agreement (Atlassian Corp), Credit Agreement (Atlassian Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate of each Borrower dated as of no Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V this Agreement that are qualified by materiality shall be true and correct on and as of the other Loan Documents date of such extension and after giving effect thereto, and such representations and warranties that are not qualified by materiality shall be true and correct in all material respects on and as of the date of such extension and after giving effect thereto, in each case as though made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, true and correct in all material respects as of such specific date (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Dateand, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.12, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished delivered pursuant to subsections clauses (a) and (b), respectively, of Section 6.01, ); and (Biii) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Relevant Anniversary Date of each Non-Extending LenderLender that has not been replaced as provided in Section 2.12(d), each of the Borrower and the Designated Borrowers shall prepay any Revolving Credit Committed Loans outstanding to it on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep such outstanding Revolving Credit Committed Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 2 contracts

Samples: Credit and Guarantee Agreement (PayPal Holdings, Inc.), Credit Agreement (Ebay Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate no Event of each Borrower dated as of Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties of the Borrowers contained in Article V 5 and the in each other Loan Documents Document or in any certificate furnished at any time under or in connection herewith or therewith, (A) that are qualified by materiality shall be true and correct on and as of the date of such extension and after giving effect thereto, and (B) that are not qualified by materiality, shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension and after giving effect thereto, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to or in all respects in the case of any representation or and warranty that already is qualified or modified by materiality in the text thereofmateriality) as of such earlier date, and except that for purposes of this Section 2.192.16(f)(ii), the representations and warranties contained in subsections clauses (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (a) and (b), respectively, of Section 6.01, and ; and (Biii) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending LenderLender (to the extent the Commitment of any Non-Extending Lender is not replaced with a Commitment from an Additional Commitment Lender on the applicable Extension Date as provided for in Section 2.16(d)), the Borrowers shall prepay any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Committed Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 2 contracts

Samples: Credit Agreement (Adobe Inc.), Credit Agreement (Adobe Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate no Default or Event of each Borrower dated as of Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V and the other Loan Documents are shall be true and correct in all material respects (providedor, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality or Material Adverse Effect, shall be true and correct in the text thereofall respects) on and as of the Effective Datedate of such extension and after giving effect thereto, as though made on and as of such date, except to the extent that any such representations and warranties specifically refer representation or warranty is stated to relate solely to an earlier date, in which case they are such representation or warranty shall have been true and correct in all material respects (providedor, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality or Material Adverse Effect, shall have been true and correct in the text thereofall respects) on and as of such earlier date, and except that ; (iii) since the later of the date of the financial statements most recently (as of the Notice Date for purposes of this the applicable extension) available under Section 2.19, the representations and warranties contained in subsections (a6.01(a) and or (b) or the date of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant (as of the Notice Date for the applicable extension) current report on Form 8-K filed by the Borrower with the Securities and Exchange Commission, no event, circumstance or development shall have occurred that constitutes, has had or could reasonably be expected to subsections constitute or to have a Material Adverse Effect; (aiv) the Borrower shall have delivered to the Administrative Agent a certificate of its chief financial officer or treasurer as to the satisfaction of conditions (i)-(iii) immediately above on the date of the applicable extension; and (b), respectively, of Section 6.01, and (Bv) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Replaced Lender, the Borrowers Borrower shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit repay, nonratably, the Loans ratable with any revised of such Non-Replaced Lenders and the Commitment of such Non-Replaced Lenders shall be terminated. The Applicable Percentages of the respective remaining Lenders effective shall be revised as of such date.

Appears in 2 contracts

Samples: Credit Agreement (Globe Life Inc.), Credit Agreement (Globe Life Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Revolving Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate of each Borrower dated as of no Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V and the or any other Loan Documents Credit Document are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension and after giving effect thereto, as though made on and as of such date, except to the extent that any such representations and warranties specifically refer representation or warranty is stated to relate solely to an earlier date, in which case they are such representation or warranty shall have been true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of such earlier date; (iii) since the date of the financial statements most recently delivered pursuant to Section 5.01(a) or (c), and except no event, circumstance or development shall have occurred that for purposes of this Section 2.19, has had or could reasonably be expected to have a Material Adverse Effect; (iv) the representations and warranties contained in subsections (a) and (b) of Section 5.05 Parent shall be deemed to refer have delivered to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to Administrative Agent a certificate dated the Effective Date and (y) at least 2 days prior in form satisfactory to the Effective DateAdministrative Agent as to the satisfaction of the conditions set forth in clauses (i) – (iii) above and other relevant documentation, any Loan Party that qualifies as a “including legal entity customer” under opinions, reasonably requested by the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, Administrative Agent; and (v) on the Revolving Maturity Date of each Non-Extending Replaced Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.052.16) to the extent necessary to keep outstanding repay, nonratably, the Loans of such Non-Replaced Lenders and the Revolving Commitment of such Non-Replaced Lenders shall be terminated. The Applicable Percentages under the Revolving Credit Loans ratable with any revised Applicable Percentages Facility of the respective remaining Lenders effective shall be revised accordingly as of such date.

Appears in 2 contracts

Samples: Credit Agreement (Argo Group International Holdings, Ltd.), Credit Agreement (Argo Group International Holdings, Ltd.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company extension of the Maturity Date pursuant to this Section: (i) the Borrower shall deliver to the Administrative Agent (iA) a certificate of each Borrower dated as signed by the Secretary or an Assistant Secretary of the Effective Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension (which may be general enabling resolutions), and (yB) in the case a certificate of a Responsible Officer of the CompanyBorrower certifying that (1) no Default exists on the date of such certificate, certifying that, either immediately before and or immediately after giving effect to such extension, ; (A2) the representations and warranties contained in Article V and the other Loan Documents this Agreement are true and correct in all material respects on and as of such date both before giving effect to such extension and immediately after giving effect thereto (providedor, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date and except that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date, except apply to the extent that any such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified by materiality); and (3) there has been no event or modified by materiality circumstance since the Closing Date that has had or could be reasonably expected to have, either individually or in the text thereof) as of such earlier date, and except that for purposes of this Section 2.19, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requestsaggregate, a Beneficial Ownership Certification in relation to such Loan Party. In addition, Material Adverse Effect; (ii) on the Maturity Date of applicable to each Non-Extending Lender, the Borrowers Borrower shall prepay prepay, on a non pro rata basis with respect to Extending Lenders, any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of satisfy in full the respective Lenders effective Obligations due to such Non-Extending Lender as of such date; (iii) on the Maturity Date applicable to each Non-Extending Lender, the Borrower shall Cash Collateralize any existing Letters of Credit or make other credit accommodations reasonably satisfactory to the L/C Issuer with respect to such Letters of Credit to the extent that, after giving effect to the payment required by the preceding clause (ii), the Total Outstandings exceed the Commitments of the remaining Lenders; and (iv) in the event that any Non-Extending Lender is an L/C Issuer and any one or more Letters of Credit issued by such L/C Issuer under this Agreement remain outstanding on such L/C Issuer’s Maturity Date, the Borrower shall cash collateralize such Letter of Credit upon terms reasonably satisfactory to such L/C Issuer to secure the Borrower’s obligations to reimburse for drawings under such Letters of Credit or make other arrangements reasonably satisfactory to such L/C Issuer with respect to such Letters of Credit including providing other credit support.

Appears in 2 contracts

Samples: Credit Agreement (ONE Gas, Inc.), Credit Agreement (ONE Gas, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Revolving Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate no Default or Event of each Borrower dated as of Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V and the other Loan Documents are shall be true and correct in all material respects (providedor, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality or Material Adverse Effect, shall be true and correct in the text thereofall respects) on and as of the Effective Datedate of such extension and after giving effect thereto, as though made on and as of such date, except to the extent that any such representations and warranties specifically refer representation or warranty is stated to relate solely to an earlier date, in which case they are such representation or warranty shall have been true and correct in all material respects (providedor, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality or Material Adverse Effect, shall have been true and correct in the text thereofall respects) on and as of such earlier date, and except that ; (iii) since the later of the date of the financial statements most recently (as of the Notice Date for purposes of this the applicable extension) available under Section 2.19, the representations and warranties contained in subsections (a6.1(a) and or (b) or the date of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant (as of the Notice Date for the applicable extension) current report on Form 8 K filed by the Borrower with the Securities and Exchange Commission, no event, circumstance or development shall have occurred that constitutes, has had or could reasonably be expected to subsections constitute or to have a Material Adverse Effect; (aiv) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall have delivered to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior Administrative Agent a certificate of its chief financial officer or treasurer as to the Effective Date and satisfaction of conditions (yi)-(iii) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, immediately above on the date of the applicable extension; and (v) on the Revolving Maturity Date of each Non-Extending Replaced Lender, the Borrowers Borrower shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.053.9) to the extent necessary to keep outstanding repay, nonratably, the Loans of such Non-Replaced Lenders and the Revolving Credit Loans ratable with any revised Applicable Commitment of such Non-Replaced Lenders shall be terminated. The Commitment Percentages of the respective remaining Lenders effective shall be revised as of such date.

Appears in 2 contracts

Samples: Credit Agreement (Hormel Foods Corp /De/), Credit Agreement (Hormel Foods Corp /De/)

Conditions to Effectiveness of Extensions. As a condition precedent Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section shall not be effective with respect to any Lender unless: (i) each Lender that will participate in this Agreement as extended shall have consented in writing to such extension, the Company which consent shall deliver be given in such Lender’s sole and absolute discretion, and notified to the Administrative Agent Agent; (iii) a certificate no Default or Event of each Borrower dated as of Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aiii) the representations and warranties contained in Article V and the other Loan Documents this Agreement are true and correct in all material respects (providedunless qualified as to materiality or Material Adverse Effect, that in which case such materiality qualifier representations and warranties shall not be applicable to any representation or warranty that already is qualified or modified by materiality true and correct in the text thereofall respects) on and as of the Effective Datedate of such extension and after giving effect thereto, except to the extent that as though made on and as of such representations and warranties specifically refer to an earlier datedate (or, in which case they are true and correct in all material respects (provided, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) expressly stated to have been made as of a specific date, as of such earlier specific date); (iv) the Borrower shall deliver a certificate to the Administrative Agent certifying, and except that for purposes as of this Section 2.19the date of such election or as of the effective date of such extension, as applicable, as to the representations and warranties contained accuracy of the matters set forth above in subsections clauses (aii) and (biii); (v) of if a Non-Extending Lender is not replaced with an Additional Lender in accordance with this Section 5.05 shall be deemed to refer to 3.12, on or before the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Maturity Date, the Company Borrower shall have provided to such Lender, (1) paid in full the principal of and such Lender shall be reasonably satisfied with, interest on all of the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of Loans made by each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) Lender to the extent necessary Borrower hereunder and (2) paid in full all other amounts owing to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages such Non-Extending Lender hereunder; (vi) the Borrower shall have paid or reimbursed the Administrative Agent and each of the respective Lenders effective that will participate in this Agreement, as extended, for all of their reasonable and documented out-of-pocket costs and expenses (including the reasonable fees and expenses of one New York counsel and one local counsel in Mexico) in connection with such dateextension request; (vii) the Administrative Agent shall have received a letter from the Process Agent indicating its consent to the extension of its appointment as process agent for the Borrower and each of the Guarantors; and (viii) the Borrower shall have paid any agreed upon extension fees to each of the Lenders participating in the Agreement as extended.

Appears in 2 contracts

Samples: Sustainability Linked Revolving Credit Agreement (Vesta Real Estate Corporation, S.A.B. De C.V.), Sustainability Linked Revolving Credit Agreement (Vesta Real Estate Corporation, S.A.B. De C.V.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective Existing Revolving Maturity Date, Existing Term A Maturity Date, Existing Term B-1 Maturity Date or Existing Term B-2 Maturity Date, as applicable (in sufficient copies for each Extending Revolving Lender, Extending Term A Lender, Extending Term B-1 Lender or Extending Term B-2 Lender, as applicable, and each Additional Revolving Commitment Lender, Additional Term A Lender, Additional Term B-1 Lender or Additional Term B-2 Lender, as applicable) signed by a Responsible Officer of such Borrower Loan Party (xi) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (yii) in the case of the CompanyBorrower, certifying that, before and after giving effect to such extension, (A) the representations and warranties of the Borrower and each other Loan Party contained in Article V and the or any other Loan Documents Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Existing Revolving Maturity Date, Existing Term A Maturity Date, Existing Term B-1 Maturity Date or Existing Term B-2 Maturity Date, as applicable, except (i) for representations and warranties which are qualified by the inclusion of a materiality standard, which representations and warranties shall be true and correct in all respects, and (ii) to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.16, the representations and warranties contained in subsections clauses (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request or Event of any Revolving Credit Lender made at least 3 days prior to the Effective DateDefault shall exist, the Company shall have provided to or would result from such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyproposed extension. In addition, on the Revolving Maturity Date, the Term A Maturity Date, the Term B-1 Maturity Date of or the Term B-2 Maturity Date, as applicable, then in effect for each Non-Extending Lender, the Borrowers Borrower shall prepay any Revolving Credit Loans, Term A Loans, Term B-1 Loans or Term B-2 Loans, as applicable, outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans, Term A Loans, Term B-1 Loans or Term B-2 Loans, as applicable, ratable with any revised Applicable Percentages of the respective Revolving Lenders, Term A Lenders, Term B-1 Lenders or Term B-2 Lenders, as applicable, effective as of such date.

Appears in 2 contracts

Samples: Credit Agreement (Equinix Inc), Credit Agreement (Equinix Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Revolving Loan Commitment Termination Date and/or Term Loan Maturity Date, as applicable, pursuant to this subsection shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such Borrower (x) certifying no event shall have occurred and attaching the resolutions adopted by such Loan Party approving be continuing or consenting to such extension and (y) in the case of the Company, certifying that, before and after would result from giving effect to such extension, extension that would constitute an Event of Default or a Potential Event of Default; (Aii) the representations and warranties contained herein (other than subsection 5.4) and in Article V and the other Loan Documents are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension to the same extent as though made on and as of that date, except to the extent that such representations and warranties specifically refer relate to an earlier date, in which case they are such representations and warranties shall have been true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of such earlier date; provided, that, if a representation and except that warranty is qualified as to materiality, the materiality qualifier set forth above shall be disregarded with respect to such representation and warranty for purposes of this Section 2.19, condition; (iii) since the representations and warranties contained in subsections (a) and (b) date of Section 5.05 shall be deemed to refer to the most recent audited financial statements furnished delivered to the Administrative Agent pursuant to subsections subsection 6.1, there shall not have occurred any event, circumstance or development that constitutes or has had or that could reasonably be expected to constitute or have a Material Adverse Effect; (aiv) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall have delivered to the Effective Administrative Agent a certificate of its chief financial officer or treasurer as to the satisfaction of conditions set forth in clauses (i)-(iii) immediately above on the date of the applicable extension; and (v) on the Revolving Loan Commitment Termination Date and/or Term Loan Maturity Date, the Company shall have provided to such Lenderas applicable, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers Non-Extending Lender shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) have received non-ratable payment of an amount equal to the extent necessary outstanding principal of its Loans and participations in Letters of Credit, accrued interest thereon, accrued fees and all other amounts then due and payable to keep outstanding it hereunder, as applicable, from the Borrower and, if applicable, the Revolving Credit Loans ratable with any revised Applicable Percentages Loan Commitment of such Non-Extending Lender shall be terminated. The applicable Pro Rata Shares of the respective remaining Revolving Lenders effective and/or Term Loan Lenders, as applicable, shall be revised as of such date.

Appears in 2 contracts

Samples: Credit Agreement (Mosaic Co), Credit Agreement (Mosaic Co)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, (i) the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.17, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists or would result therefrom and (ii)(xii)(A) upon the reasonable request of any Revolving Credit Lender made at least 3 five days prior to the Effective Datedate of such extension, the Company Borrowers shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, including the Act, in each case at least 2 two days prior to the Effective Date and (yB) at least 2 five days prior to the Effective Datedate of such extension, if any Loan Party that Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation Regulation, the applicable Borrower shall have delivered, to each Revolving Credit Lender that so requests, deliver a Beneficial Ownership Certification in relation to such Loan PartyCertification. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages Pro Rata Share with respect the Revolving Credit Facility of the respective Revolving Credit Lenders effective as of such date.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Fortive Corp), Credit Agreement (Fortive Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach extension of the Revolving Maturity Date, (i) the Company Parent Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower both Borrowers dated as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, signed by a Responsible Officer of such each Borrower (x) certifying and attaching the resolutions adopted by such Loan Party each of the Credit Parties approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, except to the extent that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality shall be true and correct in the text thereofall respects) on and as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall pay to the Effective Revolving Lenders on the Initial Revolving Maturity Date or the First Extended Maturity Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requestsapplicable, a Beneficial Ownership Certification in relation fee (to such Loan Party. In addition, on be shared among the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Aggregate Revolving Commitments) equal to the product of such date(x) 0.075% multiplied by (y) the then Aggregate Revolving Commitments.

Appears in 2 contracts

Samples: Credit Agreement (Sabra Health Care REIT, Inc.), Credit Agreement (Sabra Health Care REIT, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such Borrower (xi) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (yii) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.17, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyexists. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages Pro Rata Share with respect the Revolving Credit Facility of the respective Revolving Credit Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Fortive Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective Existing Revolving Maturity Date, Existing Term A Maturity Date or Existing Term B Maturity Date, as applicable (in sufficient copies for each Extending Revolving Lender, Extending Term A Lender or Extending Term B Lender, as applicable, and each Additional Revolving Commitment Lender, Additional Term A Lender or Additional Term B Lender, as applicable) signed by a Responsible Officer of such Borrower Loan Party (xi) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (yii) in the case of the CompanyBorrower, certifying that, before and after giving effect to such extension, (A) the representations and warranties of the Borrower and each other Loan Party contained in Article V and the or any other Loan Documents Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Existing Revolving Maturity Date, Existing Term A Maturity Date or Existing Term B Maturity Date, as applicable, except (i) for representations and warranties which are qualified by the inclusion of a materiality standard, which representations and warranties shall be true and correct in all respects, and (ii) to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.16, the representations and warranties contained in subsections clauses (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request or Event of any Revolving Credit Lender made at least 3 days prior to the Effective DateDefault shall exist, the Company shall have provided to or would result from such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyproposed extension. In addition, on the Revolving Maturity Date, the Term A Maturity Date of or the Term B Maturity Date, as applicable, then in effect for each Non-Extending Lender, the Borrowers Borrower shall prepay any Revolving Credit Loans, Term A Loans or Term B Loans, as applicable, outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans, Term A Loans or Term B Loans, as applicable, ratable with any revised Applicable Percentages of the respective Revolving Lenders, Term A Lenders or Term B Lenders, as applicable, effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Equinix Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Current Revolving Maturity Date pursuant to this Section 2.17 shall not be effective with respect to any Extending Lender unless, on the applicable Anniversary Date, the Borrower shall (i) pay any fees agreed to in connection therewith, (ii) deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective applicable Anniversary Date signed by a Responsible Officer of such Borrower (xA) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension extension, and (yB) in the case of the Company, certifying that, before and after lxxx giving effect to such extension, (A1) no Default exists, and (2) the representations and warranties of the Borrower contained in Article V and the or any other Loan Documents are Document shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or "Material Adverse Effect," in the text thereof) which case they shall be true and correct in all respects), on and as of the Effective Datedate of such extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or "Material Adverse Effect," in the text thereofwhich case they shall be true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.17(f)(ii)(B)(2), the representations and warranties contained in subsections (aSections 5.05(a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (aSections 6.01(a) and (b), respectively, of Section 6.01and (iii)(A) deliver to the Administrative Agent such Organization Documents and legal opinions as may be reasonably requested by the Administrative Agent or any Lender in connection with such extension, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior provide to the Effective Date, Administrative Agent and the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, Lenders the documentation and other information so reasonably requested in connection with by the Administrative Agent and the Lenders as required by United States regulatory authorities under applicable "know your customer" and anti-money-laundering rules and regulations, including, without limitation, including the PATRIOT Act, in each case at least 2 days prior and (C) provide to the Effective Date Administrative Agent and (y) at least 2 days prior each Lender, to the Effective Dateextent reasonably requested by the Administrative Agent or such Lender, any Loan Party that qualifies as a “legal entity customer” under the Certificate of Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such dateBorrower.

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.17, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Committed Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Danaher Corp /De/)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company shall deliver to the Administrative Agent (i) the Borrower shall deliver a certificate written notice substantially in the form of each Borrower dated as of the Effective Date Exhibit F in accordance with Section 2.18(a), and signed by a Responsible Officer of such the Borrower (x) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension extension, and certifying as to each of clauses (ii)(A), (B) and (yC) below, (ii) in the case of the Company, certifying thatBorrower, before and after giving effect to such extension, (A) the representations and warranties of the Borrower contained in Article V VI and the each other Loan Documents Document are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datesuch date, except (1) to the extent that such representations and warranties are qualified by materiality, they shall be true and correct on and as of such date, and (2) to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier datedate except to the extent qualified by materiality, then they shall be true and correct as of such earlier date and except that for purposes of this Section 2.192.18, the representations and warranties contained in subsections (aSection 6.22(a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.017.01, and (B) no Default exists immediately prior to and after giving effect to any such extension, and (ii)(xC) each of the other conditions precedent to the making of any Loan in Section 4.02 shall be satisfied as of the effective date of any extension, (iii) the Borrower shall have paid to the Administrative Agent, for the benefit of the each Extending Lender, the Extension Fee (which shall be pro-rated if such extension is for less than 364 days) and (iv) (A) upon the reasonable request of any Revolving Credit Lender made at least 3 days five (5) Business Days prior to the Effective Datedate of such extension, the Company Borrower shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Patriot Act, in each case at least 2 two (2) days prior to the Effective Date date of such extension and (yB) at least 2 days two (2) Business Days prior to the Effective Datedate of such extension, any Loan Party that if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation Regulation, it shall have delivered, to each Revolving Credit Lender Additional Commitment Lender, as applicable, that so requestsrequests at least five (5) Business Days prior to the date of such extension, a Beneficial Ownership Certification in relation to the Borrower at least ten (10) Business Days prior to the date of such Loan Partyextension. In addition, on the Maturity Date of each Non-Extending LenderLender that has not been replaced prior to such Maturity Date, the Borrowers Borrower shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Sound Point Meridian Capital, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date, except 118711003_9 to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.19, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Envista Holdings Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate of each Borrower dated as of no Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V and the or any other Loan Documents Credit Document are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension and after giving effect thereto, as though made on and as of such date, except to the extent that any such representations and warranties specifically refer representation or warranty is stated to relate solely to an earlier date, in which case they are such representation or warranty shall have been true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of such earlier date; (iii) since the date of the financial statements most recently delivered pursuant to Section 5.01(a) or (c), and except no event, circumstance or development shall have occurred that for purposes of this Section 2.19, has had or could reasonably be expected to have a Material Adverse Effect; (iv) the representations and warranties contained in subsections (a) and (b) of Section 5.05 Parent shall be deemed to refer have delivered to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to Administrative Agent a certificate dated the Effective Date and (y) at least 2 days prior in form satisfactory to the Effective DateAdministrative Agent as to the satisfaction of the conditions set forth in clauses (i) – (iii) above and other relevant documentation, any Loan Party that qualifies as a “including legal entity customer” under opinions, reasonably requested by the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, Administrative Agent; and (v) on the Maturity Date of each Non-Extending Replaced Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.052.16) to the extent necessary to keep outstanding Revolving Credit repay, nonratably, the Loans ratable with any revised of such Non-Replaced Lenders and the Commitment of such Non-Replaced Lenders shall be terminated. The Applicable Percentages of the respective remaining Lenders effective shall be revised accordingly as of such date.

Appears in 1 contract

Samples: Credit Agreement (Argo Group International Holdings, Ltd.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Current Maturity Date of any Lender pursuant to this Section 2.17 shall not be effective with respect to any Extending Lender unless, on the applicable Anniversary Date, the Borrowers shall (i) pay any fees agreed to in connection therewith, (ii) deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective applicable Anniversary Date signed by a Responsible Officer of such Borrower (xA) certifying and attaching the resolutions adopted by such Loan Party Borrower approving or consenting to such extension extension, and (yB) in the case of the certificate delivered by the Company, certifying that, before and after giving effect to such extension, (A1) no Default exists, and (2) the representations and warranties of the Borrowers contained in Article V and the or any other Loan Documents are Document shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereof) which case they shall be true and correct in all respects), on and as of the Effective Datedate of such extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereofwhich case they shall be true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.17(f)(ii)(B)(2), the representations and warranties contained in subsections (aSections 5.05(a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (aSections 6.01(a) and (b), respectively, of Section 6.01and (iii)(A) deliver to the Administrative Agent such Organization Documents and legal opinions as may be reasonably requested by the Administrative Agent or any Lender in connection with such extension, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior provide to the Effective Date, Administrative Agent and the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, Lenders the documentation and other information so reasonably requested in connection with by the Administrative Agent and the Lenders as required by United States regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, including the PATRIOT Act, and (C) in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, if any Loan Party that Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have deliveredRegulation, provide to the Administrative Agent and each Lender, to each Revolving Credit Lender that so requeststhe extent reasonably requested by the Administrative Agent or such Lender, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such dateBorrower.

Appears in 1 contract

Samples: Credit Agreement (Workday, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Termination Date pursuant to this Section shall deliver to the Administrative Agent not be effective unless: (i) a certificate of each Borrower dated as no Default exists on the date of the Effective Date signed by a Responsible Officer request, date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties of the Credit Parties contained in Article V this Credit Agreement and the other Loan Credit Documents are true and correct in all material respects (provided, that on such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) request date and on and as of the Effective Date, date of such extension of the Termination Date (except to the extent that any such representation and warranty is qualified by materiality or reference to a Material Adverse Effect, in which case such representation and warranty shall be true and correct in all respects), other than those representations and warranties which specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date (provided, except to the extent that any such materiality qualifier shall not be applicable to any representation or and warranty that already is qualified or modified by materiality or reference to a Material Adverse Effect, in the text thereof) which case such representation and warranty shall be true and correct in all respects as of such earlier date); provided, and except that for purposes of this Section 2.192.16, the representations and warranties contained in subsections Subsections (a) and (b) of Section 5.05 5.01 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (a) and (b), respectively, of Section 6.01, and ; (Biii) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company Administrative Agent shall have provided to such Lender, and such Lender received a Compliance Certificate signed by a Responsible Officer of the Borrower (which shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, includinginclude, without limitation, calculation of the Actfinancial covenants) certifying that the Credit Parties are in compliance on a Pro Forma Basis (as of the date of such extension of the Termination Date) with each financial covenant contained in Section 6.12; (iv) the Administrative Agent shall have received, in each case at least 2 days prior for the benefit of the extending Lenders (to be allocated on a pro rata basis after giving effect to the Effective Date and (yRevolving Commitments of each such extending Lender after giving effect to such extension) at least 2 days prior from the Borrower an extension fee in aggregate amount equal to 0.20% of the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, Aggregate Revolving Commitments immediately after giving effect to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyextension. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.CHAR1\1461780v16

Appears in 1 contract

Samples: Credit Agreement (Griffin-American Healthcare REIT IV, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach extension of the Revolving Maturity Date, on or prior to the Company Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, (i) the Parent Borrower shall deliver to the Administrative Agent (i) a certificate of each the Parent Borrower dated as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party each of the Credit Parties approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, except to the extent that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality shall be true and correct in the text thereofall respects) on and as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable (other than the representations in Section 5.05(c) and Section 5.18, which shall be made only as of the Closing Date), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary Revolving Lenders on the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, a fee (to keep outstanding be shared among the Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Aggregate Revolving Commitments) equal to the product of such date(x) 0.0625% multiplied by (y) the then Aggregate Revolving Commitments.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, (1) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective Date effective date of such extension signed by a Responsible Officer of such the Borrower (xi) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension and (yii) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V Section 5 and the other Loan Documents are true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable with respect to any representation or warranty that already is representations and warranties qualified or modified by materiality or Material Adverse Effect, in the text thereofall respects) on and as of the Effective Dateeffective date of such extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable with respect to any representation or warranty that already is representations and warranties qualified or modified by materiality or Material Adverse Effect, in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.193.17, the representations and warranties contained in subsections (a) and (b) of Section 5.05 5.1 shall be deemed to refer to the most recent statements furnished pursuant to subsections subsection (a) and (bc), respectively, of Section 6.016.1, and (B) no Default exists and (ii)(x2) upon with respect to each Mortgaged Property, the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall deliver to the Effective Date, Administrative Agent a “Life-of-Loan” Federal Emergency Standard Flood Hazard Determination (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the Company shall have provided to such LenderBorrower and each Loan Party relating thereto), and if a Mortgaged Property is located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a Special Flood Hazard Area with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (as now or hereafter in effect or successor act thereto), evidence of flood insurance confirming that such Lender shall be reasonably satisfied withinsurance has been obtained with a financially sound and reputable insurer, the documentation in an amount and other information so requested in connection otherwise sufficient to comply with all applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior regulations promulgated pursuant to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan PartyFlood Insurance Laws. In addition, on the Maturity Revolving Termination Date of each Non-Extending Revolving Lender, the Borrowers Borrower shall prepay repay any non-extended Revolving Credit Loans of such Non-Extending Revolving Lender outstanding on such date date.” (and pay any additional amounts required pursuant to n) Section 3.057.9(b) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective Credit Agreement is hereby amended and restated in its entirety to read as of such date.follows: 72906207_8

Appears in 1 contract

Samples: Credit Agreement (INC Research Holdings, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Maturity Date and the Commitment Termination Date pursuant to this Section 2.21 shall not be effective with respect to any Lender unless: (i) no Default or Event of Default shall have occurred and be continuing on the Extension Effective Date and after giving effect thereto; (ii) the Borrower shall have delivered updated schedules, as applicable, to be attached hereto; (iii) the representations and warranties of the Borrower set forth in this Agreement and in the other Loan Documents shall be true and correct on and as of (i) the date of such Extension Effective Date and after giving effect thereto, as though made on and as of such date; provided that, the representations and warranties in Section 3.04 shall be made by reference to the most recent audited financial statements delivered pursuant to Section 5.01, and (ii) with respect to any representation or warranty expressly stated to have been made as of a specific date, as of such specific date; and (iv) on or prior to the applicable Extension Effective Date, the Borrower shall deliver to the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent (iA) resolutions of the Borrower authorizing such extension and all Authorizations (if any) required in connection with such extension, certified as being in effect as of the Extension Effective Date and the related incumbency certificate of the Borrower, (B) a favorable opinion of counsel for the Borrower as to such matters as any Lender through the Administrative Agent may reasonably request, and (C) a certificate of each the Borrower dated stating that on and as of the such Extension Effective Date signed by a Responsible Officer of such Borrower (x) certifying Date, and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and immediately after giving effect to the extension to be effective on such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they all conditions precedent to a Credit Extension under Section 4.02 are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.19, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partysatisfied. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Chugach Electric Association Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach extension of the Revolving Maturity Date, on or prior to the Company Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, (i) the Parent Borrower shall deliver to the Administrative Agent (i) a certificate of each the Parent Borrower dated as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party each of the Credit Parties approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to in the case of Sectionthe representations and warranties in Sections 5.16 and 5.22 or any representation or and warranty that already is qualified or modified by materiality materiality, in the text thereofall respects) on and as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable (other than the representations in Section 5.05(c) and Section 5.18, which shall be made only as of the Closing Date), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to ifin the case of the representations and warranties in Sections 5.16 and 5.22 or any representation or and warranty that already is qualified or modified by materiality materiality, in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary Revolving Lenders on the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, a fee (to keep outstanding be shared among the Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Aggregate Revolving Commitments) equal to the product of such date(x) 0.0625% multiplied by (y) the then Aggregate Revolving Commitments.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, (i) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective applicable Initial Revolving Maturity Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any except in the case of a representation or warranty that already is qualified or modified by materiality or Material Adverse Effect or similar language, in the text thereofwhich case such representation or warranty shall be true and correct in all respects) on and as of such Initial Revolving Maturity Date (other than such representations and warranties which are expressly made only as of the Effective Closing Date, including but not limited to those set forth in Section 5.05(c) and Section 5.22), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any except in the case of a representation or warranty that already is qualified or modified by materiality or Material Adverse Effect or similar language, in the text thereofwhich case such representation or warranty shall have been true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of such Initial Revolving Maturity Date, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall pay to the Effective Date, the Company shall have provided to Revolving Lenders on such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Initial Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, a fee (to be shared among the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Aggregate Revolving Commitments) equal to the product of such date(x) 0.0625% multiplied by (y) the then Aggregate Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Healthpeak Properties, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach extension of the Maturity Date, the Company (i) Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Initial Maturity Date or the First Extended Maturity Date, as applicable, signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party each of the Credit Parties approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, except to the extent that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality shall be true and correct in the text thereofall respects) on and as of the Effective Initial Maturity Date or the First Extended Maturity Date, as applicable, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to any representation or warranty that already is if qualified or modified by materiality materiality, in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.13, the representations and warranties contained in subsections clauses (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Maturity Date or the First Extended Maturity Date, as applicable, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall pay to the Effective Lenders on the Initial Maturity Date or the First Extended Maturity Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requestsapplicable, a Beneficial Ownership Certification in relation fee (to such Loan Party. In addition, on be shared among the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Aggregate Commitments) equal to the product of such date(x) 0.0625% multiplied by (y) the then Aggregate Commitments.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach extension of the Revolving Maturity Date, (i) the Company Parent Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower the Borrowers dated as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, signed by a Responsible Officer of such each Borrower (x) certifying and attaching the resolutions adopted by such Loan Party each of the Credit Parties approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to in the case of the representations and warranties in Sections 5.14(b) and 5.16(a) and any representation or and warranty that already is qualified or modified by materiality or Material Adverse Effect, in the text thereofall respects) on and as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to in the case of the representations and warranties in Sections 5.14(b) and 5.16(a) and any representation or and warranty that already is qualified or modified by materiality or Material Adverse Effect, in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall pay to the Effective Revolving Lenders on the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, a fee (to be shared among the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, Revolving Lenders based upon their Applicable Percentages of the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior Aggregate Revolving Commitments) equal to the Effective Date and product of (x) 0.0625% multiplied by (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each then Aggregate Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan PartyCommitments. In addition, on if requested by the Maturity Date of each Non-Extending LenderAdministrative Agent, the Borrowers and the other Credit Parties shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) have delivered to the extent necessary Administrative Agent such reaffirmations of their respective obligations under the Loan Documents (after giving effect to keep outstanding Revolving Credit Loans ratable the extension), and acknowledgments and certifications that they have no claims, offsets or defenses with respect to the payment or performance of any revised Applicable Percentages of the respective Lenders effective as of such dateObligations.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company Borrower shall deliver to the Administrative Agent (i) and the Technical Agent, as applicable, a certificate of each Borrower Loan Party dated as of the Effective Existing Revolving Maturity Date or Existing Term Maturity Date, as applicable (in sufficient copies for each Extending Revolving Lender or Extending Term Lender, as applicable, and each Additional Revolving Commitment Lender or Additional Term Lender, as applicable) signed by a Responsible Officer of such Borrower Loan Party (xi) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (yii) in the case of the CompanyBorrower, certifying that, before and after giving effect to such extension, (A) the representations and warranties of the Borrower and each other Loan Party contained in Article V and the or any other Loan Documents Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Existing Revolving Maturity Date or Existing Term Maturity Date, as applicable, except (i) for representations and warranties which are qualified by the inclusion of a materiality standard, which representations and warranties shall be true and correct in all respects, and (ii) to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.16, the representations and warranties contained in subsections clauses (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request or Event of any Revolving Credit Lender made at least 3 days prior to the Effective DateDefault shall exist, the Company shall have provided to or would result from such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyproposed extension. In addition, on the Revolving Maturity Date of or the Term Maturity Date, as applicable, then in effect for each Non-Extending Lender, the Borrowers Borrower shall prepay any Revolving Credit Loans or Term Loans, as applicable, outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans or Term Loans, as applicable, ratable with any revised Applicable Percentages of the respective Revolving Lenders or Term Lenders, as applicable, effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Equinix Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, (i) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective applicable Initial Maturity Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any except in the case of a representation or warranty that already is qualified or modified by materiality or Material Adverse Effect or similar language, in the text thereofwhich case such representation or warranty shall be true and correct in all respects) on and as of the Effective such Initial Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any except in the case of a representation or warranty that already is qualified or modified by materiality or Material Adverse Effect or similar language, in the text thereofwhich case such representation or warranty shall have been true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of such Initial Maturity Date, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall pay to the Effective Date, the Company shall have provided to Lenders on such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Initial Maturity Date of each Non-Extending Lender, a fee (to be shared among the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Aggregate Revolving Commitments) equal to the product of such date(x) 0.0625% multiplied by (y) the then Aggregate Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Hcp, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate no Event of each Borrower dated as of Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V this Agreement that are qualified by materiality shall be true and correct on and as of the other Loan Documents date of such extension and after giving effect thereto, and such representations and warranties that are not qualified by materiality shall be true and correct in all material respects on and as of the date of such extension and after giving effect thereto, in each case as though made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, true and correct in all material respects as of such specific date (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Dateand, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.17, the representations and warranties contained in subsections (aSection 5.05(a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished delivered pursuant to subsections (a) Section 6.01(a)); and (b), respectively, of Section 6.01, and (Biii) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Relevant Anniversary Date of each Non-Extending LenderLender that has not been replaced as provided in Section 2.17(d), each of the Borrower and the Designated Borrowers shall prepay any Revolving Credit Committed Loans outstanding to it on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep such outstanding Revolving Credit Committed Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Cognizant Technology Solutions Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company extension of the Maturity Date pursuant to this Section: (i) the Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such the Borrower certifying that (xA) certifying and attaching no Default exists on the resolutions adopted by such Loan Party approving or consenting to date of such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (AB) the representations and warranties contained in Article V and the other Loan Documents this Agreement are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension and after giving effect thereto, except to the extent that as though made on and as of such representations and warranties specifically refer to an earlier datedate (or, in which case they are true and correct in all material respects (provided, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) expressly stated to have been made as of a specific date, as of such earlier specific date), and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, ; and (BC) there has been no Default exists and (ii)(x) upon event or circumstance since the reasonable request date of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall Audited Financial Statements that has had or could be reasonably satisfied withexpected to have, either individually or in the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requestsaggregate, a Beneficial Ownership Certification in relation to such Loan Party. In addition, Material Adverse Effect; (ii) on the Maturity Date of applicable to each Non-Extending Lender, the Borrowers Borrower shall prepay any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of satisfy in full the respective Lenders effective Obligations due to such Non-Extending Lender as of such date; and (iii) on the Maturity Date applicable to each Non-Extending Lender, the Borrower shall Cash Collateralize any existing Letters of Credit or make other credit accommodations satisfactory to the L/C Issuer with respect to such Letters of Credit to the extent that, after giving effect to the payment required by the preceding clause (ii), the Total Outstandings exceed the Commitments of the remaining Lenders.

Appears in 1 contract

Samples: Credit Agreement (Oneok Inc /New/)

Conditions to Effectiveness of Extensions. As a condition precedent to each such extension, the Company Borrowers shall pay to Administrative Agent for the pro rata benefit of the Revolving Credit Lenders with respect to the Revolving Credit Facility, an extension fee equal to (A) 0.075% (7.5 basis points) multiplied by (B) the Revolving Credit Commitments of all Revolving Credit Lenders at the time of extension and deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective Existing Maturity Date (in sufficient copies for each Lender) signed by a Responsible Officer of such Borrower Loan Party (xi) certifying approving or consenting to such extension (and attaching the resolutions adopted by such Loan Party approving or consenting to such extension to the extent required under such Loan Party’s Organization Documents) and (yii) in the case of the Company, certifying that, immediately before and after giving effect to such extension, , (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to in the case of the representations and warranties in Section 5.20 or any representation or and warranty that already is qualified or modified by materiality materiality, in the text thereofall respects) on and as of the Effective Existing Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier datedate or period, in which case they are were true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to in the case of SectionSections 5.14(b) and 5.20 or any representation or and warranty that already is qualified or modified by materiality materiality, in the text thereofall respects) as of such earlier datedate or the respective period, as the case may be, and except that for purposes of this Section 2.192.14, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) the Borrowers are in compliance with all of the financial covenants set forth in Section 7.09, and (C) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such dateexists.

Appears in 1 contract

Samples: Credit Agreement (Ares Real Estate Income Trust Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Current Maturity Date pursuant to this Section 2.17 shall not be effective with respect to any Extending Lender unless, on the applicable Anniversary Date, the Borrower shall (i) pay any fees agreed to in connection therewith, (ii) deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective applicable Anniversary Date signed by a Responsible Officer of such Borrower (xA) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension extension, and (yB) in the case of the Company, certifying that, before and after giving effect to such extension, (A1) no Default exists, and (2) the representations and warranties of the Borrower contained in Article V and the or any other Loan Documents are Document shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereof) which case they shall be true and correct in all respects), on and as of the Effective Datedate of such extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereofwhich case they shall be true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.17(f)(ii)(B)(2), the representations and warranties contained in subsections (aSections 5.05(a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (aSections 6.01(a) and (b), respectively, of Section 6.01and (iii)(A) deliver to the Administrative Agent such Organization Documents and legal opinions as may be reasonably requested by the Administrative Agent or any Lender in connection with such extension, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior provide to the Effective Date, Administrative Agent and the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, Lenders the documentation and other information so reasonably requested in connection with by the Administrative Agent and the Lenders as required by United States regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, including the PATRIOT Act, and (C) in each case at least 2 days prior to if the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have deliveredRegulation, provide to the Administrative Agent and each Lender, to each Revolving Credit Lender that so requeststhe extent reasonably requested by the Administrative Agent or such Lender, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such dateBorrower.

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, (i) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective Initial Term A-2 Maturity Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any except in the case of a representation or warranty that already is qualified or modified by materiality or Material Adverse Effect or similar language, in the text thereofwhich case such representation or warranty shall be true and correct in all respects) on and as of the Initial Term A-2 Maturity Date (other than thesuch representations and warranties, which are expressly made only as of the Closing Date or the Third Amendment Effective Date, as applicable, including but not limited to those set forth in Section 5.05(c) and Section 5.22, which shall be made only as of the Closing Date), except to the extent that any such representations and warranties representation or warranty specifically refer refers to an earlier date, in which case they are such representation or warranty was true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any except in the case of a representation or warranty that already is qualified or modified by materiality or Material Adverse Effect or similar language, in the text thereofwhich case such representation or warranty shall have been true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Term A-2 Maturity Date, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days Borrower shall pay to the Term A-2 Lenders on or prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Initial Term A-2 Maturity Date of each Non-Extending Lender, a fee (to be shared among the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Term A-2 Lenders based upon their Applicable Percentages of the respective Lenders effective as Outstanding Amount of such datethe Term A-2 Loans) equal to the product of (x) 0.125% multiplied by (y) the then Outstanding Amount of the Term A-2 Loans.

Appears in 1 contract

Samples: Term Loan Agreement (Healthpeak Properties, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach extension of the Revolving Maturity Date, on or prior to the Company Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, (i) the Parent Borrower shall deliver to the Administrative Agent (i) a certificate of each the Parent Borrower dated as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party each of the Credit Parties approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to in the case of Section 5.22 or any representation or and warranty that already is qualified or modified by materiality materiality, in the text thereofall respects) on and as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable (other than the representations in Section 5.05(c) and Section 5.18, which shall be made only as of the Closing Date), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to any representation or warranty that already is if qualified or modified by materiality materiality, in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary Revolving Lenders on the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, a fee (to keep outstanding be shared among the Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Aggregate Revolving Commitments) equal to the product of such date(x) 0.0625% multiplied by (y) the then Aggregate Revolving Commitments.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas, Inc.)

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Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such Borrower (xi) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension if the resolutions authorizing the extension have not previously been delivered and (yii) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (providedexcept to the extent such representations and warranties are qualified by materiality, that such materiality qualifier in which case, they shall not be applicable to any representation or warranty that already is qualified or modified by materiality true and correct in the text thereofall respects) on and as of the Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier datedate (except to the extent such representations and warranties are qualified by materiality, in which case, they shall be true and correct in all respects), and except that for purposes of this Section 2.192.16, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default or Event of Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided or would exist after giving effect to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyextension. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Committed Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Grainger W W Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of Initial Revolving Loan Maturity Date pursuant to this Section 2.15 shall deliver to the Administrative Agent not be effective unless: (i) a certificate of each Borrower dated as no Default exists on the date of the Effective Date signed by a Responsible Officer request, date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties of the Credit Parties contained in Article V this Credit Agreement and the other Loan Credit Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in on the text thereof) Extension Request Date and on and as of the Effective Date, date of such extension of the Initial Revolving Loan Maturity Date (except to the extent that any such representation and warranty is qualified by materiality or reference to a Material Adverse Effect, in which case such representation and warranty shall be true and correct in all respects), other than those representations and warranties which specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date (provided, except to the extent that any such materiality qualifier shall not be applicable to any representation or and warranty that already is qualified or modified by materiality or reference to a Material Adverse Effect, in the text thereof) which case such representation and warranty shall be true and correct in all respects as of such earlier date); provided, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 5.01 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (a) and (b), respectively, of Section 6.01; (iii) the Administrative Agent shall have received a Compliance Certificate signed by a Responsible Officer of the Borrower (which shall include, and without limitation, calculation of the financial covenants) certifying that the Credit Parties are in compliance on a Pro Forma Basis (Bas of the date of such extension of the Revolving Loan Maturity Date, as applicable) no Default exists and with each financial covenant contained in Section 6.12; (ii)(xiv) upon the reasonable request of any Revolving Credit Lender made at least 3 five (5) days prior to the Effective Dateeffective date of such extension, the Company each Credit Party shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act, in each case at least 2 five (5) days prior to the Effective Date effective date of such extension and (y) at least 2 five days prior to the Effective Dateeffective date of such extension, any Loan Credit Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Credit Party. In addition; and (v) the Borrower shall pay to the Administrative Agent, on for the Maturity Date pro rata account of each Non-Extending LenderRevolving Lender in accordance with their respective Revolving Commitment Percentages, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant an extension fee equal to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages 0.15% of the respective Lenders effective Aggregate Revolving Commitments as of such date, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (American Healthcare REIT, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, (i) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Existing Maturity Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Existing Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.14, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(xii) (x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective DateLender, the Company Borrower shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act, in each case at least 2 seven days prior to the Effective effectiveness of the applicable Extended Maturity Date and (y) at least 2 three days prior to the Effective effectiveness of the applicable Extended Maturity Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan PartyParty . In addition, on or before the Existing Maturity Date Date, Borrower shall pay to Administrative Agent, for the pro rata account of each Non-Extending LenderLender in accordance with their respective Applicable Percentages, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant an extension fee equal to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages 0.25% of the respective Lenders effective Aggregate Commitments as of such date, which fee shall, when paid, be fully earned and non-refundable under any circumstances.

Appears in 1 contract

Samples: Credit Agreement (Braemar Hotels & Resorts Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective Existing Maturity Date (in sufficient copies for each Extending Lender and each Additional Commitment Lender) signed by a Responsible Officer of such Borrower Loan Party (xi) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and extension, (yii) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties of the Loan Parties contained in Article V and the each other Loan Documents Document are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datesuch date, except (i) to the extent that such representations and warranties are qualified by materiality, they shall be true and correct on and as of such date, and (ii) to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (providedas of such earlier date except to the extent qualified by materiality, that such materiality qualifier then they shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) true and correct as of such earlier date, and except that for purposes of this Section 2.19subsection (f), the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists shall have occurred and be continuing, and (ii)(xiii) (x) upon the reasonable request of any Revolving Credit Lender made at least 3 days five Business Days prior to the Effective Datedate of such extension, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 two days prior to the Effective Date date of such extension and (y) at least 2 two days prior to the Effective Datedate of such extension, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requestsrequests at least five Business Days prior to the date of such extension, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending LenderLender that has not been replaced prior to such Maturity Date, the Borrowers shall prepay any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Committed Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Jacobs Solutions Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, (i) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective Existing Maturity Date (in sufficient copies for each Extending Lender and each Additional Commitment Lender) signed by a Responsible Officer of such Borrower Loan Party (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the CompanyBorrower, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Existing Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 5.04 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, ) of Section 6.01, and (B) no Default exists or would result from such extension, and (ii)(xC) there has not occurred a material adverse change since the date of the most recently delivered financial statements and (ii)(A) upon the reasonable request of any Revolving Credit Lender made at least 3 ten days prior to the Effective Datedate of such extension, the Company Borrower shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, including the Act, in each case at least 2 five days prior to the Increase Effective Date and (yB) at least 2 five days prior to the Effective Datedate of such extension, any Loan Party that if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation Regulation, the Borrower shall have delivered, to each Revolving Credit Lender that so requests, deliver a Beneficial Ownership Certification in relation to such Loan PartyCertification. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers Borrower shall prepay any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Committed Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Hunt J B Transport Services Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective Extension Effectiveness Date signed by a Responsible Officer of such the Borrower (xi) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension extension, and (yii) in the case of the CompanyBorrower, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Extension Effectiveness Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.19§2.13, the representations and warranties contained in subsections (a) §§ 5.5 and (b) of Section 5.05 5.7 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01§6.4, and (B) no Default exists or Event of Default has occurred and (ii)(xis continuing. With respect to any Declining Lender who shall not have transferred its Commitment pursuant to an Assignment and Assumption in accordance with §§2.13(d) upon and 4.12, at the reasonable request election of any Revolving Credit the Borrower, the Commitment of each Declining Lender made at least 3 days prior shall automatically terminate on the Extension Effectiveness Date and the Borrower shall pay to the Effective DateAdministrative Agent for the account of each Declining Lender all principal, the Company shall have provided interest, fees and other sums owing to such LenderDeclining Lender under the Loan Documents, and whether or not then otherwise due and, upon receipt by such Lender of such amount paid, such Lender shall cease to be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customerLenderunder hereunder. Schedule 1 shall be updated to reflect the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Staples Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Current Revolving Maturity Date pursuant to this Section 2.17 shall not be effective with respect to any Extending Lender unless, on the applicable Anniversary Date, the Borrower shall (i) pay any fees agreed to in connection therewith, (ii) deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective applicable Anniversary Date signed by a Responsible Officer of such Borrower (xA) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension extension, and (yB) in the case of the Company, certifying that, before and after giving effect to such extension, (A1) no Default exists, and (2) the representations and warranties of the Borrower contained in Article V and the or any other Loan Documents are Document shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereof) which case they shall be true and correct in all respects), on and as of the Effective Datedate of such extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereofwhich case they shall be true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.17(f)(ii)(B)(2), the representations and warranties contained in subsections (aSections 5.05(a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (aSections 6.01(a) and (b), respectively, of Section 6.01and (iii)(A) deliver to the Administrative Agent such Organization Documents and legal opinions as may be reasonably requested by the Administrative Agent or any Lender in connection with such extension, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior provide to the Effective Date, Administrative Agent and the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, Lenders the documentation and other information so reasonably requested in connection with by the Administrative Agent and the Lenders as required by United States regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, including the PATRIOT Act, and (C) in each case at least 2 days prior to if the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have deliveredRegulation, provide to the Administrative Agent and each Lender, to each Revolving Credit Lender that so requeststhe extent reasonably requested by the Administrative Agent or such Lender, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such dateBorrower.

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach Maturity Date Extension, the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective Date Notice Date, signed by a Responsible Officer of such Borrower Loan Party, (xi) certifying and attaching the resolutions adopted by such Loan Party (or EnLink Manager on behalf of the Borrower) approving or consenting to such extension Maturity Date Extension and (yii) in the case of the CompanyBorrower, certifying that, before and after giving effect to such extensionMaturity Date Extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (providedexcept to the extent such representations and warranties are already qualified as to materiality, that in which case such materiality qualifier representations and warranties shall not be applicable to any representation or warranty that already is qualified or modified by materiality accurate and complete in the text thereofall respects) on and as of the Effective Notice Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (providedexcept to the extent such representations and warranties are already qualified as to materiality, that in which case such materiality qualifier representations and warranties shall not be applicable to any representation or warranty that already is qualified or modified by materiality accurate and complete in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.14, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to or would result from such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Maturity Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan PartyExtension immediately after giving effect thereto. In addition, on the Maturity Date of the Commitment of each Non-Extending Lender, the Borrowers Borrower shall prepay repay any Revolving Credit Committed Loans of any Non-Extending Lender outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date).

Appears in 1 contract

Samples: Revolving Credit Agreement (EnLink Midstream, LLC)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Current Revolving Maturity Date of any Revolving Lender pursuant to this Section 2.17 shall not be effective with respect to any Extending Lender unless, on the applicable Anniversary Date, the Borrowers shall (i) pay any fees agreed to in connection therewith, (ii) deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective applicable Anniversary Date signed by a Responsible Officer of such Borrower (xA) certifying and attaching the resolutions adopted by such Loan Party Borrower approving or consenting to such extension extension, and (yB) in the case of the certificate delivered by the Company, certifying that, before and after giving effect to such extension, (A1) no Default exists, and (2) the representations and warranties of the Borrowers contained in Article V and the or any other Loan Documents are Document shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereof) which case they shall be true and correct in all respects), on and as of the Effective Datedate of such extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereofwhich case they shall be true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.17(f)(ii)(B)(2), the representations and warranties contained in subsections (aSections 5.05(a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (aSections 6.01(a) and (b), respectively, of Section 6.01and (iii)(A) deliver to the Administrative Agent such Organization Documents and legal opinions as may be reasonably requested by the Administrative Agent or any Lender in connection with such extension, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior provide to the Effective Date, Administrative Agent and the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, Lenders the documentation and other information so reasonably requested in connection with by the Administrative Agent and the Lenders as required by United States regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, including the PATRIOT Act, and (C) in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, if any Loan Party that Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have deliveredRegulation, provide to the Administrative Agent and each Lender, to each Revolving Credit Lender that so requeststhe extent reasonably requested by the Administrative Agent or such Lender, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such dateBorrower.

Appears in 1 contract

Samples: Credit Agreement (Workday, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Current Revolving Maturity Date pursuant to this Section 2.17 shall not be effective with respect to any Extending Lender unless, on the applicable Anniversary Date, the Borrower shall (i) pay any fees agreed to in connection therewith, (ii) deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective applicable Anniversary Date signed by a Responsible Officer of such Borrower (xA) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension extension, and (yB) in the case of the Company, certifying that, before and after giving effect to such extension, (A1) no Default exists, and (2) the representations and warranties of the Borrower contained in Article V and the or any other Loan Documents are Document shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereof) which case they shall be true and correct in all respects), on and as of the Effective Datedate of such extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that unless already is qualified or modified by materiality or “Material Adverse Effect,” in the text thereofwhich case they shall be true and correct in all respects) as of such earlier date, and except that for purposes of this Section 2.192.17(f)(ii)(B)(2), the representations and warranties contained in subsections (aSections 5.05(a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (aSections 6.01(a) and (b), respectively, of Section 6.01and (iii)(A) deliver to the Administrative Agent such Organization Documents and legal opinions as may be reasonably requested by the Administrative Agent or any Lender in connection with such extension, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior provide to the Effective Date, Administrative Agent and the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, Lenders the documentation and other information so reasonably requested in connection with by the Administrative Agent and the Lenders as required by United States regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, including the PATRIOT Act, in each case at least 2 days prior and (C) provide to the Effective Date Administrative Agent and (y) at least 2 days prior each Lender, to the Effective Dateextent reasonably requested by the Administrative Agent or such Lender, any Loan Party that qualifies as a “legal entity customer” under the Certificate of Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such dateBorrower.

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company extension of the Maturity Date pursuant to this Section: (i) the Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such the Borrower certifying that (xA) certifying and attaching no Default exists on the resolutions adopted by such Loan Party approving or consenting to date of such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (AB) the representations and warranties of the Loan Parties contained in Article V this Agreement and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension and after giving effect thereto, except to the extent that as though made on and as of such representations and warranties specifically refer to an earlier datedate (or, in which case they are true and correct in all material respects (provided, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) expressly stated to have been made as of a specific date, as of such earlier specific date), and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, ; and (BC) there has been no Default exists and (ii)(x) upon event or circumstance since the reasonable request date of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall Audited Financial Statements that has had or could be reasonably satisfied withexpected to have, either individually or in the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requestsaggregate, a Beneficial Ownership Certification in relation to such Loan Party. In addition, Material Adverse Effect; (ii) on the Maturity Date of applicable to each Non-Extending Lender, the Borrowers Borrower shall prepay any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of satisfy in full the respective Lenders effective Obligations due to such Non-Extending Lender under the Loan Documents as of such date; (iii) on the Maturity Date applicable to each Non-Extending Lender, all or any part of such Non-Extending Lenders’ Pro Rata Share of the Outstanding Amount of L/C Obligations shall be reallocated among the Extending Lenders and the Additional Commitment Lenders in accordance with their respective Pro Rata Shares (calculated without regard to the Non-Extending Lenders’ Commitments) but only to the extent that such reallocation does not cause, with respect to any Extending Lender or Additional Commitment Lender, the aggregate Outstanding Amount of the Committed Loans of such Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans to exceed such Lender’s Commitments as in effect at such time; and (iv) if the reallocation described in the preceding clause (iii) cannot, or can only partially, be effected, the Borrower shall Cash Collateralize the L/C Obligations to the extent that, after giving effect to the reallocation pursuant to the preceding clause (iii) and the payment required by the preceding clause (ii), the Total Outstandings exceed the Commitments of the Extending Lenders and the Additional Commitment Lenders. The amount of Cash Collateral provided by the Borrower pursuant to this clause (iv) shall reduce the Non-Extending Lenders’ Pro Rata Share of the Outstanding Amount of L/C Obligations (after giving effect to any partial reallocation pursuant to the preceding clause (iii)) on a pro rata basis; and each Non-Extending Lender’s Commitment to make Committed Loans, purchase participations in Swing Line Loans, and purchase participations in L/C Obligations with respect to Letters of Credit issued after such Maturity Date shall terminate.

Appears in 1 contract

Samples: Credit Agreement (ONEOK Partners LP)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Existing Maturity Date pursuant to this Section 2.5 shall deliver not be effective with respect to the Administrative Agent any Lender or Issuing Lender unless: (i) a certificate no Default or Event of each Borrower dated as of Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V and the other Loan Credit Documents are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension and after giving effect thereto, as though made on and as of such date except to the extent that any such representations and warranties specifically refer (i) are expressly limited to an earlier date, in which case they are case, on and as of the date of such extension, such representations and warranties shall continue to be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such specified earlier datedate or (ii) are already qualified by materiality, and except that for purposes of this Section 2.19Material Adverse Effect or a similar qualification, the in which case, such representations and warranties contained shall be true and correct in subsections all respects; (aiii) (A) on or before the Maturity Date, the Borrower shall have (1) paid in full the principal of and interest on all of the Revolving Loans made by each Non-Extending Lender to the Borrower hereunder, (2) paid in full all other amounts owing to such Non-Extending Lender hereunder, and (b3) Cash Collateralized in accordance with the terms hereof all outstanding LC Exposure with respect to Letters of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, Credit issued by each Issuing Lender that is a Non-Extending Lender and (B) no Default exists and (ii)(x) upon on or before the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Maturity Date, the Company Borrower shall have provided to such Lender, (1) paid in full the principal of and such Lender shall be reasonably satisfied with, interest on all of the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of Term Loans made by each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) Lender to the extent necessary Borrower hereunder and (2) paid in full all other amounts owing to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages such Non-Extending Lender hereunder; and (iv) the Administrative Agent shall have received all documents (including resolutions of the respective Lenders effective as board of directors of the Borrower and the Guarantors) it may reasonably request relating to the corporate or other necessary authority for such dateextension, and any other matters relevant thereto, all in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Amn Healthcare Services Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such Borrower (xi) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (yii) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.17, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyexists. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Committed Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Danaher Corp /De/)

Conditions to Effectiveness of Extensions. As a condition conditions precedent to such extension, (1) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each the Borrower dated as of the Effective Date effective date of such extension signed by a Responsible Officer of such the Borrower (xi) certifying and attaching the resolutions adopted by such Loan Party the Borrower approving or consenting to such extension and (yii) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V Section 5 and the other Loan Documents are true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable with respect to any representation or warranty that already is representations and warranties qualified or modified by materiality or Material Adverse Effect, in the text thereofall respects) on and as of the Effective Dateeffective date of such extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable with respect to any representation or warranty that already is representations and warranties qualified or modified by materiality or Material Adverse Effect, in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.5, the representations and warranties contained in subsections (a) and (b) of Section 5.05 5.1 shall be deemed to refer to the most recent statements furnished pursuant to subsections subsection (ac) and (b), respectively, of Section 6.016.1, and (B) no Default exists and (ii)(x2) upon with respect to each Mortgaged Property, the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall deliver to the Effective Date, Administrative Agent a “Life-of-Loan” Federal Emergency Standard Flood Hazard Determination (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the Company shall have provided to such LenderBorrower and each Loan Party relating thereto), and if a Mortgaged Property is located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a Special Flood Hazard Area with respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (as now or hereafter in effect or successor act thereto), evidence of flood insurance confirming that such Lender shall be reasonably satisfied withinsurance has been obtained with a financially sound and reputable insurer, the documentation in an amount and other information so requested in connection otherwise sufficient to comply with all applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior regulations promulgated pursuant to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan PartyFlood Insurance Laws. In addition, on the Term Loan Maturity Date of each Non-Extending Term Lender, the Borrowers Borrower shall prepay repay any Revolving Credit non-extended Term Loans of such Non-Extending Term Lender outstanding on such date date.” (and pay any additional amounts required pursuant to k) Section 3.053.15(e) of the Credit Agreement is hereby amended by replacing the last proviso of such Section in its entirety with the following: “provided, further, that except to the extent necessary otherwise expressly agreed by the affected parties and subject to keep outstanding Revolving Credit Loans ratable with Section 11.18, no change hereunder from Defaulting Lender to Non- 72906207_8 Defaulting Lender will constitute a waiver or release of any revised Applicable Percentages claim of the respective Lenders effective as of any party hereunder arising from such dateLender’s having been a Defaulting Lender.

Appears in 1 contract

Samples: Credit Agreement (INC Research Holdings, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach Maturity Date Extension, (1) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective Date Notice Date, signed by a Responsible Officer of such Borrower Loan Party, (xi) certifying and attaching the resolutions adopted by such Loan Party (or EnLink Manager on behalf of the Borrower) approving or consenting to such extension Maturity Date Extension and (yii) in the case of the CompanyBorrower, certifying that, before and after giving effect to such extensionMaturity Date Extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (providedexcept to the extent such representations and warranties are already qualified as to materiality, that in which case such materiality qualifier representations and warranties shall not be applicable to any representation or warranty that already is qualified or modified by materiality accurate and complete in the text thereofall respects) on and as of the Effective Notice Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (providedexcept to the extent such representations and warranties are already qualified as to materiality, that in which case such materiality qualifier representations and warranties shall not be applicable to any representation or warranty that already is qualified or modified by materiality accurate and complete in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.14, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists or would result from such Maturity Date Extension immediately after giving effect thereto and (ii)(x2) upon the reasonable request of Borrower shall have paid any Revolving Credit Lender made at least 3 days prior fees agreed to between the Effective DateBorrower, the Company shall have provided Administrative Agent and the Extending Lenders with respect to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Maturity Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan PartyExtension. In addition, on the Maturity Date of the Commitment of each Non-Extending Lender, the Borrowers Borrower shall prepay repay any Revolving Credit Committed Loans of any Non-Extending Lender outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date).

Appears in 1 contract

Samples: Revolving Credit Agreement (EnLink Midstream, LLC)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Revolver Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate no Default or Event of each Borrower dated as of Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V and the other Loan Documents are shall be true and correct in all material respects (providedor, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality or Material Adverse Effect, shall be true and correct in the text thereofall respects) on and as of the Effective Datedate of such extension and after giving effect thereto, as though made on and as of such date, except to the extent that any such representations and warranties specifically refer representation or warranty is stated to relate solely to an earlier date, in which case they are such representation or warranty shall have been true and correct in all material respects (providedor, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality or Material Adverse Effect, shall have been true and correct in the text thereofall respects) on and as of such earlier date, and except that ; (iii) since the later of the date of the financial statements most recently (as of the Notice Date for purposes of this the applicable extension) available under Section 2.19, the representations and warranties contained in subsections (a6.01(a) and or (b) or the date of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant (as of the Notice Date for the applicable extension) current report on Form 8-K filed by the Borrower with the Securities and Exchange Commission, no event, circumstance or development shall have occurred that constitutes, has had or could reasonably be expected to subsections constitute or to have a Material Adverse Effect; (aiv) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall have delivered to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior Administrative Agent a certificate of its chief financial officer or treasurer as to the Effective Date and satisfaction of conditions (yi)-(iii) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, immediately above on the date of the applicable extension; and (v) on the Revolver Maturity Date of each Non-Extending Replaced Lender, the Borrowers Borrower shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding repay, nonratably, the Loans of such Non-Replaced Lenders and the Revolving Credit Loans ratable with any revised Commitment of such Non-Replaced Lenders shall be terminated. The Applicable Percentages of the respective remaining Lenders effective shall be revised as of such date.

Appears in 1 contract

Samples: Credit Agreement (Torchmark Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of any Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate of each Borrower dated as of no Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V Section 5 and the other Loan Credit Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension and after giving effect thereto, except that: (1) if a qualifier relating to the extent that materiality or Material Adverse Effect applies, then such representations representation or warranty shall be true and warranties correct in all respects, (2) if any such representation or warranty specifically refer refers to an earlier date, in which case they are then such representation or warranty shall be true and correct in all material respects as of such earlier date (providedexcept that if a qualifier relating to materiality or Material Adverse Effect applies, that then such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality shall be true and correct in the text thereof) all respects as of such earlier date, ) and except that (3) for purposes of this Section 2.192.13, the representations and warranties contained in subsections (a) and (b) of Section 5.05 5.9 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (aa)(i) and (bii), respectively, of Section 6.01, and 6.6; and (Biii) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers Company or the UK Borrower, as the case may be, shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.053.5) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Commitment Percentages of the respective Lenders with respect to the Revolving Credit Facility effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Aptargroup Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach extension of the Revolving Maturity Date, on or prior to the Company Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, (i) the Parent Borrower shall deliver to the Administrative Agent (i) a certificate of each the Parent Borrower dated as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party each of the Credit Parties approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to in the case of the representations and warranties in Sections 5.16 and 5.22 or any representation or and warranty that already is qualified or modified by materiality materiality, in the text thereofall respects) on and as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable (other than the representations in Section 5.05(c) and Section 5.18, which shall be made only as of the Closing Date), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to in the case of the representations and warranties in Sections 5.16 and 5.22 or any representation or and warranty that already is qualified or modified by materiality materiality, in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary Revolving Lenders on the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, a fee (to keep outstanding be shared among the Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Aggregate Revolving Commitments) equal to the product of such date(x) 0.0625% multiplied by (y) the then Aggregate Revolving Commitments.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Ventas, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Revolving Credit Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate of each Borrower dated as of no Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V this Agreement that are qualified by materiality shall be true and correct on and as of the other Loan Documents date of such extension and after giving effect thereto, and such representations and warranties that are not qualified by materiality shall be true and correct in all material respects on and as of the date of such extension and after giving effect thereto, in each case as though made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, true and correct in all material respects as of such specific date (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Dateand, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.7, the representations and warranties contained in subsections (a) and (b) of Section 5.05 6.15 shall be deemed to refer to the most recent statements furnished delivered pursuant to subsections clauses (a) and (b), respectively, ) of Section 6.01, 7.1); and (Biii) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Relevant Anniversary Date of each Non-Extending LenderLender that has not been replaced as provided in Section 2.7(d), the Borrowers Borrower shall prepay any Revolving Credit Loans outstanding to it on such date (and pay any additional amounts required pursuant to Section 3.054.9) to the extent necessary to keep such outstanding Revolving Credit Committed Loans ratable with any revised Applicable Revolving Credit Commitment Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Macquarie Infrastructure Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective Existing Revolving Maturity Date or Existing Term Maturity Date, as applicable (in sufficient copies for each Extending Revolving Lender or Extending Term Lender, as applicable, and each Additional Revolving Commitment Lender or Additional Term Lender, as applicable) signed by a Responsible Officer of such Borrower Loan Party (xi) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (yii) in the case of the CompanyBorrower, certifying that, before and after giving effect to such extension, (A) the representations and warranties of the Borrower and each other Loan Party contained in Article V and the or any other Loan Documents Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Existing Revolving Maturity Date or Existing Term Maturity Date, as applicable, except (i) for representations and warranties which are qualified by the inclusion of a materiality standard, which representations and warranties shall be true and correct in all respects, and (ii) to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.16, the representations and warranties contained in subsections clauses (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (a) -75- and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request or Event of any Revolving Credit Lender made at least 3 days prior to the Effective DateDefault shall exist, the Company shall have provided to or would result from such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyproposed extension. In addition, on the Revolving Maturity Date of or the Term Maturity Date, as applicable, then in effect for each Non-Extending Lender, the Borrowers Borrower shall prepay any Revolving Credit Loans or Term Loans, as applicable, outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans or Term Loans, as applicable, ratable with any revised Applicable Percentages of the respective Revolving Lenders or Term Lenders, as applicable, effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Equinix Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: 60 13227198v7 27112.00011 (i) a certificate no Default or Event of each Borrower dated as of Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V and the other Loan Documents are shall be true and correct in all material respects (providedor, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality or Material Adverse Effect, shall be true and correct in the text thereofall respects) on and as of the Effective Datedate of such extension and after giving effect thereto, as though made on and as of such date, except to the extent that any such representations and warranties specifically refer representation or warranty is stated to relate solely to an earlier date, in which case they are such representation or warranty shall have been true and correct in all material respects (providedor, that if any such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality or Material Adverse Effect, shall have been true and correct in the text thereofall respects) on and as of such earlier date, and except that ; (iii) since the later of the date of the financial statements most recently (as of the Notice Date for purposes of this the applicable extension) available under Section 2.19, the representations and warranties contained in subsections (a6.01(a) and or (b) or the date of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant (as of the Notice Date for the applicable extension) current report on Form 8-K filed by the Borrower with the Securities and Exchange Commission, no event, circumstance or development shall have occurred that constitutes, has had or could reasonably be expected to subsections constitute or to have a Material Adverse Effect; (aiv) the Borrower shall have delivered to the Administrative Agent a certificate of its chief financial officer or treasurer as to the satisfaction of conditions (i)-(iii) immediately above on the date of the applicable extension; and (b), respectively, of Section 6.01, and (Bv) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Replaced Lender, the Borrowers Borrower shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit repay, nonratably, the Loans ratable with any revised of such Non-Replaced Lenders and the Commitment of such Non-Replaced Lenders shall be terminated. The Applicable Percentages of the respective remaining Lenders effective shall be revised as of such date.

Appears in 1 contract

Samples: Credit Agreement (Globe Life Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to any such extension, the Company Borrowers shall deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective applicable Extension Date signed by a Responsible Officer of such Borrower Loan Party (xi) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (yii) in the case of the Companyeach Borrower, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all respects (or true and correct in all material respects (provided, that if such materiality qualifier shall not be applicable to any representation or warranty that already is not qualified or modified by materiality in the text thereofor Material Adverse Effect) on and as of the Effective applicable Extension Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all respects (or true and correct in all material respects (provided, that if such materiality qualifier shall not be applicable to any representation or warranty that already is not qualified or modified by materiality in the text thereofor Material Adverse Effect) as of such earlier date, and except that for purposes of this Section 2.192.12, the representations and warranties contained in subsections (a), (b), (c) and (bd) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a), (b), (c) and (bd), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Partyexists. In addition, on the Maturity Commitment Termination Date of each Non-Extending LenderLender (but subject to Section 2.05), the Borrowers each Borrower shall prepay any Revolving Credit Loans borrowed by it from each Non-Extending Lender and outstanding on such date (and pay all accrued interest and fees owing to each Non-Extending Lender and any additional amounts required pursuant to Section 3.05) and shall otherwise prepay Loans to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Aflac Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of any Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate of each Borrower dated as of no Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V Section 5 and the other Loan Credit Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension and after giving effect thereto, except that: (1) if a qualifier relating to the extent that materiality or Material Adverse Effect applies, then such representations representation or warranty shall be true and warranties correct in all respects, (2) if any such representation or warranty specifically refer refers to an earlier date, in which case they are then such representation or warranty shall be true and correct in all material respects as of such earlier date (providedexcept that if a qualifier relating to materiality or Material Adverse Effect applies, that then such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality shall be true and correct in the text thereof) all respects as of such earlier date, ) and except that (3) for purposes of this Section 2.192.13, the representations and warranties contained in subsections (a) and (b) of Section 5.05 5.9 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (aa)(i) and (bii), respectively, of Section 6.01, and 6.6; and (Biii) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers Company or the UK Borrower, as the case may be, shall prepay any Revolving Credit (US) Loans or Revolving Credit (UK) Loans, as applicable, outstanding on such date (and pay any additional amounts required pursuant to Section 3.053.5) to the extent necessary to keep outstanding Revolving Credit (US) Loans or Revolving Credit (UK) Loans, as applicable, ratable with any revised Applicable Commitment Percentages of the respective Lenders with respect to the Revolving Credit (US) Facility or the Revolving Credit (UK) Facility, as the case may be, effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Aptargroup Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, (i) the Company Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower Loan Party dated as of the Effective Existing Maturity Date (in sufficient copies for each Extending Lender and each Additional Commitment Lender) signed by a Responsible Officer of such Borrower Loan Party (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the CompanyBorrower, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Existing Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 5.04 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, ) of Section 6.01, and (B) no Default exists or would result from such extension, and (ii)(xC) there has not occurred a material adverse change since the date of the most recently delivered financial statements and (ii)(A) upon the reasonable request of any Revolving Credit Lender made at least 3 ten days prior to the Effective Datedate of such extension, the Company Borrower shall have provided to such Lender, and such Revolving Credit Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, including the Act, in each case at least 2 five days prior to the Increase Effective Date and (yB) at least 2 five days prior to the Effective Datedate of such extension, any Loan Party that if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation Regulation, the Borrower shall have delivered, to each Revolving Credit Lender that so requests, deliver a Beneficial Ownership Certification in relation to such Loan PartyCertification. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers Borrower shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Revolving Credit Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Hunt J B Transport Services Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as extension of the Expiration Date pursuant to this Section shall only be effective with respect to any Lender on the Extension Effective Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) if: 2.11.5.1 in the case of any proposed extension of the CompanyExpiration Date, certifying thatthe total of the Revolving Credit Commitments of the Lenders that have agreed to so extend their Expiration Date and the additional Revolving Credit Commitments of the relevant Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the Extension Effective Date; 2.11.5.2 [RESERVED] 2.11.5.3 as of the Extension Effective Date, before and after giving effect to the such extension, (A) the representations and warranties contained in Article V of the Borrower and the other Loan Parties herein and in the other Loan Documents are shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is unless qualified or modified by materiality or reference to the absence of a Material Adverse Change, in the text thereof) on which event they shall be true and as of the Effective Datecorrect in all respects), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are shall be true and correct in all material respects (providedor in all respects, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as applicable, as of such earlier date, and except that for purposes of this Section 2.19Section, the representations and warranties contained in subsections (a) and (b) of Section 5.05 6.1.6 [Financial Statements] shall be deemed to refer to the most recent financial statements furnished pursuant to subsections Section 8.3 [Reporting Requirements] (a) and (b), respectively, of Section 6.01, the Borrower and (B) no Default exists each other Loan Party shall be deemed to have made all such representations and (ii)(x) upon warranties on the reasonable request of any Revolving Credit Lender made at least 3 days prior to the proposed Extension Effective Date, the Company ); 2.11.5.4 no Event of Default or Potential Default shall have provided occurred and be continuing on the date of such extension and after giving effect thereto; 2.11.5.5 the Borrower shall deliver or cause to such Lender, and such Lender shall be reasonably satisfied with, the documentation and delivered any customary legal opinions or other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, documents (including, without limitation, a resolution duly adopted by the Act, in board of directors (or equivalent governing body) of each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under authorizing such extension) reasonably requested by Administrative Agent in connection with any such extension; 2.11.5.6 on or before the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Existing Expiration Date of each Non-Extending Lender, (A) the Borrowers Borrower shall prepay have paid in full the principal of and interest on all of the Loans made by such Non-Extending Lender to the Borrower hereunder and (B) the Borrower shall have paid in full all other Obligations owing to such Lender hereunder and other under the other Loan Documents (it being understood that after giving effect to this clause (vi) with respect to any Revolving Credit Loans outstanding Non-Extending Lender, such Non-Extending Lender’s Commitment shall be deemed terminated on the then-existing Existing Expiration Date and such date (and pay any additional amounts required Non-Extending Lender shall no longer be a “Lender” hereunder); and 2.11.5.7 if such extension is being effectuated in accordance with the last paragraph of Section 11.1 [Modifications, Amendments or Waivers] pursuant to Section 3.05) to which the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Applicable Percentages of the respective Lenders effective as terms of such dateextended Loans or Commitments are being amended, an amendment entered into by the parties required by such provision shall have become effective.

Appears in 1 contract

Samples: Credit Agreement and Security Agreement (Paylocity Holding Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extension, the Company shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Date signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) as of such earlier date, and except that for purposes of this Section 2.192.17, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, on the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Committed Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Committed Loans ratable with any revised Applicable Percentages percentage of the Commitments of the respective Lenders effective as of such date.

Appears in 1 contract

Samples: Credit Agreement (Veralto Corp)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach extension of the Revolving Maturity Date, (i) the Company Parent Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower both Borrowers dated as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, signed by a Responsible Officer of such each Borrower (x) certifying and attaching the resolutions adopted by such Loan Party each of the Credit Parties approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, except to the extent that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality shall be true and correct in the text thereofall respects) on and as of the Effective Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to any representation or warranty that already is if qualified or modified by materiality materiality, in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.15, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Revolving Maturity Date or the First Extended Maturity Date, as applicable, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall pay to the Effective Revolving Lenders on the Initial Revolving Maturity Date or the First Extended Maturity Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requestsapplicable, a Beneficial Ownership Certification in relation fee (to such Loan Party. In addition, on be shared among the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Aggregate Revolving Commitments) equal to the product of such date(x) 0.0625% multiplied by (y) the then Aggregate Revolving Commitments.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach extension of the Maturity Date, the Company (i) Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Initial Maturity Date or the First Extended Maturity Date, as applicable, signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party each of the Credit Parties approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, except to the extent that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality shall be true and correct in the text thereofall respects) on and as of the Effective Initial Maturity Date or the First Extended Maturity Date, as applicable, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to any representation or warranty that already is if qualified or modified by materiality materiality, in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.13, the representations and warranties contained in subsections clauses (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Maturity Date or the First Extended Maturity Date, as applicable, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall pay to the Effective Lenders on the Initial Maturity Date or the First Extended Maturity Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requestsapplicable, a Beneficial Ownership Certification in relation fee (to such Loan Party. In addition, on be shared among the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Outstanding Amount) equal to the product of such date(x) 0.0625% multiplied by (y) the then Outstanding Amount.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensionNotwithstanding the foregoing, the Company extension of the Revolving Maturity Date pursuant to this Section shall deliver not be effective with respect to the Administrative Agent any Lender unless: (i) a certificate no Default or Event of each Borrower dated as of Default shall have occurred and be continuing on the Effective Date signed by a Responsible Officer date of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, thereto; (Aii) the representations and warranties contained in Article V and III (other than the other Loan Documents are representation set forth in Section 3.04(b)) shall be true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of the Effective Datedate of such extension and after giving effect thereto, as though made on and as of such date, except to the extent that any such representations and warranties specifically refer representation or warranty is stated to relate solely to an earlier date, in which case they are such representation or warranty shall have been true and correct in all material respects (provided, that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality in the text thereof) on and as of such earlier date, and except that for purposes of this Section 2.19, ; (iii) the representations and warranties contained in subsections (a) and (b) of Section 5.05 Borrower shall be deemed to refer have delivered to the most recent statements furnished pursuant to subsections (a) and (b), respectively, Administrative Agent a certificate of Section 6.01, and (B) no Default exists and (ii)(x) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior its chief financial officer or treasurer as to the Effective Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and satisfaction of conditions (yi)‑(ii) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. In addition, immediately above on the date of the applicable extension; (iv) on the Revolving Maturity Date of each Non-Extending Replaced Lender, the Borrowers Borrower shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.052.16) to the extent necessary to keep outstanding Revolving Credit repay, nonratably, the Loans ratable with any revised of such Non-Replaced Lenders and the Commitment of such Non-Replaced Lenders shall be terminated. The Applicable Percentages of the respective remaining Lenders effective shall be revised as of such date; and (v) since the date of the audited financial statements most recently delivered pursuant to Section 5.01(a), there has been no material adverse change in the business, assets, operations or financial condition of the Borrower and its Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Credit Agreement (Fortune Brands Home & Security, Inc.)

Conditions to Effectiveness of Extensions. As a condition precedent to such extensioneach extension of the Maturity Date, the Company (i) Borrower shall deliver to the Administrative Agent (i) a certificate of each Borrower dated as of the Effective Initial Maturity Date or the First Extended Maturity Date, as applicable, signed by a Responsible Officer of such Borrower (x) certifying and attaching the resolutions adopted by such Loan Party each of the Credit Parties approving or consenting to such extension and (y) in the case of the Company, certifying that, before and after giving effect to such extension, that (A1) the representations and warranties contained in Article V and in the other Loan Documents are true and correct in all material respects (provided, except to the extent that such materiality qualifier shall not be applicable to any representation or warranty that already is qualified or modified by materiality shall be true and correct in the text thereofall respects) on and as of the Effective Initial Maturity Date or the First Extended Maturity Date, as applicable, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are were true and correct in all material respects (providedor, that such materiality qualifier shall not be applicable to any representation or warranty that already is if qualified or modified by materiality materiality, in the text thereofall respects) as of such earlier date, and except that for purposes of this Section 2.192.13, the representations and warranties contained in subsections clauses (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to subsections clauses (a) and (b), respectively, of Section 6.016.01 and (2) as of the Initial Maturity Date or the First Extended Maturity Date, as applicable, and (B) immediately after giving effect to such extension, no Default exists and (ii)(xii) upon the reasonable request of any Revolving Credit Lender made at least 3 days prior Borrower shall pay to the Effective Lenders on the Initial Maturity Date or the First Extended Maturity Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act, in each case at least 2 days prior to the Effective Date and (y) at least 2 days prior to the Effective Date, any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall have delivered, to each Revolving Credit Lender that so requestsapplicable, a Beneficial Ownership Certification in relation fee (to such Loan Party. In addition, on be shared among the Maturity Date of each Non-Extending Lender, the Borrowers shall prepay any Revolving Credit Loans outstanding on such date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep outstanding Revolving Credit Loans ratable with any revised Lenders based upon their Applicable Percentages of the respective Lenders effective as Outstanding Amount) equal to the product of such date(x) 0.15% multiplied by (y) the then Outstanding Amount.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

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