Common use of Conditions to Effectiveness of Extensions Clause in Contracts

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section 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 date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Maturity Date, (1) the Borrower shall have paid in full the principal of and interest on all of the Loans made by each Non-Extending Lender to the Borrower hereunder and (2) the Borrower shall have paid in full all other amounts owing to such Non-Extending Lender hereunder.

Appears in 5 contracts

Samples: Credit Agreement (TerrAscend Corp.), Credit Agreement (TerrAscend Corp.), Credit Agreement (TerrAscend Corp.)

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Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section 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 date of such extension and after giving effect thereto; (ii) the representations and warranties contained of the Loan Parties in this Agreement are and in any other Loan Document shall be true and correct in all material respects (or, in the case of any such representation or warranty already qualified by materiality, in all respects) on and as of the date of such extension and after giving effect thereto, as though made on and as of such date Borrowing (or, if in the case of any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date); and (iii) on or before the Maturity Date, (1) the Borrower shall have paid in full the principal of and interest on all of the Loans made by each Non-Extending Lender to the Borrower hereunder and (2) the Borrower shall have paid in full all other amounts owing to such Non-Extending Lender hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Ascend Wellness Holdings, Inc), Credit Agreement

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Termination Date pursuant to this Section 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 date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); (iii) the Borrowers shall deliver a certified copy of their respective Board of Directors' resolutions authorizing such extension; and (iiiiv) on or before the Maturity Date, Termination Date of each Non-Extending Lender, (1) the Borrower Borrowers shall have paid in full the principal of and interest on all of the Loans made by each such Non-Extending Lender to the Borrower Borrowers hereunder and (2) the Borrower Borrowers shall have paid in full all other amounts Obligations owing to such Non-Extending Lender hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Nicor Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Termination Date pursuant to this Section 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 date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); (iii) the Borrowers shall deliver a certified copy of their respective Board of Directors' resolutions authorizing such extension; and (iiiiv) on or before the Maturity DateTermination Date of each Non-Extending Lender, (1) the Borrower Borrowers shall have paid in full the principal of and interest on all of the Loans made by each such Non-Extending Lender to the Borrower Borrowers hereunder and (2) the Borrower Borrowers shall have paid in full all other amounts Obligations owing to such Non-Extending Lender hereunder."

Appears in 2 contracts

Samples: 5 Year Credit Agreement (Northern Illinois Gas Co /Il/ /New/), 5 Year Credit Agreement (Nicor Inc)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Facility Termination Date pursuant to this Section 2.24 shall not be effective with respect to any Lender unless: (i) no Default or Event of Default shall have has occurred and be is continuing on the date of such extension Extension Date and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension Extension Date and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Maturity Extension Date, (1A) the Borrower shall have has paid in full the principal of and interest on all of the Revolving Loans made by each Non-Extending Lender to the Borrower hereunder and (2B) the Borrower shall have has paid in full all other amounts owing to such Non-Extending Lender hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Revolving Maturity Date pursuant to this Section 2.7 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 date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct in all material respects on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Revolving Maturity DateDate of each Non-Extending Lender (which for the avoidance of doubt shall not be extended), (1) the Borrower shall have paid in full the principal of and interest on all of the Loans made by each such Non-Extending Lender to the Borrower hereunder and (2) the Borrower shall have paid in full all other amounts owing to such Non-Extending Lender hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Owens Corning), Credit Agreement (Owens Corning)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section 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 date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Maturity Date, (1) the Borrower shall have paid in full the principal of and interest on all of the Loans made by each Non-Extending Lender to the Borrower hereunder and (2) the Borrower shall have paid in full all other amounts owing to such Non-Non- Extending Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (TerrAscend Corp.)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Expiration Date pursuant to this Section 2.14 shall not be effective with respect to any Lender unless: : (i) no Potential Default or Event of Default shall have occurred and be continuing on the date of such extension Extension and immediately after giving effect thereto; ; (ii) the representations and warranties contained in this Agreement are true and correct in all material respects on and as of the date of such extension Extension and immediately after giving effect thereto, 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, as of such specific date); and (iii) on or before the Maturity Existing Expiration Date, (1) the Borrower shall have paid in full the principal of and accrued interest and fees on all of the Loans and Commitments made by each Non-Extending Lender to the Borrower hereunder and hereunder, (2) the Borrower shall have paid in full all other amounts owing to such Non-Extending Lender hereunder.full

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises, Inc.)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Revolving Maturity Date pursuant to this Section 2.18 shall not be effective with respect to any Revolving Credit Lender unless: (i) no Default or Event of Default shall have occurred and be continuing on the date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct in all material respects on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Revolving Maturity DateDate of each Non-Extending Revolving Credit Lender, (1) the Borrower shall have paid in full the principal of and interest on all of the Revolving Credit Loans made by each such Non-Extending Revolving Credit Lender to the Borrower hereunder and (2) the Borrower shall have paid in full all other amounts owing to such Non-Extending Revolving Credit Lender hereunder.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Donaldson Co Inc)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section 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 date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Maturity DateDate of each Non-Extending Lender, (1) the Borrower ODEC shall have paid in full the principal of and interest on all of the Loans made by each such Non-Extending Lender to the Borrower hereunder and (2) the Borrower ODEC shall have paid in full all other amounts owing to such Non-Extending Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Electric Cooperative)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section 2.23 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 date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Maturity DateDate of each Non-Extending Lender, (1) the Borrower shall have paid in full the principal of and interest on all of the Loans made by each such Non-Extending Lender to the Borrower hereunder and (2) the Borrower shall have paid in full all other amounts owing to such Non-Extending Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Freight Line, Inc.)

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Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section 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 date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Maturity DateDate of each Non-Extending Lender, (1) the Borrower ODEC shall have paid in full the principal of and interest on all of the Loans made by each Non-Extending Lender to the Borrower hereunder and (2) the Borrower ODEC shall have paid in full all other amounts owing to such Non-Extending Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Electric Cooperative)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Commitment Termination Date pursuant to this Section shall not be effective with respect to any Lender unless: (iA) no Default or Event of Default shall have occurred and be continuing on the date of such extension and after giving effect thereto; (iiB) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iiiC) on or before the Maturity Date, Commitment Termination Date of each Non-Extending Lender, (1) the Borrower shall have paid in full the principal of and accrued interest on all of the Loans made by each such Non-Extending Lender to the Borrower hereunder hereunder, and (2) the Borrower shall have paid in full all other amounts owing to such Non-Extending Lender hereunderhereunder (including any Reimbursement Obligations).

Appears in 1 contract

Samples: Credit Agreement (Hanover Insurance Group, Inc.)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section 2.23 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 date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Maturity Date, Date of each Non-Extending Lender, (1) the Borrower shall have paid in full the principal of and interest on all of the Loans made by each such Non-Extending Lender to the Borrower hereunder and (2) the Borrower shall have paid in full all other amounts owing to such Non-Extending Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Freight Line, Inc.)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section shall not be effective with respect to any Lender unless:: 62 (i) no Default or Event of Default shall have occurred and be continuing on the date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Maturity DateDate of each Non-Extending Lender, (1) the Borrower ODEC shall have paid in full the principal of and interest on all of the Loans made by each such Non-Extending Lender to the Borrower hereunder and (2) the Borrower ODEC shall have paid in full all other amounts owing to such Non-Extending Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Electric Cooperative)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Date pursuant to this Section 2.18 shall not be effective with respect to any Revolving Credit Lender unless: (i) no Default or Event of Default shall have occurred and be continuing on the date of such extension and after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct in all material respects on and as of the date of such extension and after giving effect thereto, 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, as of such specific date); and (iii) on or before the Maturity DateDate of each Non-Extending Lender, (1) the Borrower Borrowers shall have paid in full the principal of and interest on all of the Loans made by each such Non-Extending Lender to the Borrower Borrowers hereunder and (2) the Borrower Borrowers shall have paid in full all other amounts owing to such Non-Extending Revolving Credit Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Donaldson Co Inc)

Conditions to Effectiveness of Extensions. Notwithstanding the foregoing, the extension of the Maturity Commitment Termination Date pursuant to this Section 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 date of such extension and immediately after giving effect thereto; (ii) the representations and warranties contained in this Agreement are true and correct on and as of the date of such extension and after giving effect thereto, 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, as of such specific date) in all material respects (except for those representations and warranties that are conditioned by materiality, which are true and correct in all respects); and (iii) on or before the Maturity Commitment Termination Date, the applicable Borrower shall have (1) the Borrower shall have paid in full the principal of and interest on all of the Loans Advances made by each Non-Non- Extending Lender to the such Borrower hereunder and (2) the Borrower shall have paid in full all other amounts owing to such Non-Extending Lender hereunder..  

Appears in 1 contract

Samples: Credit Agreement (Pricesmart Inc)

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