Conditions to Effectiveness of Facility Increase. Such New Revolving Loan Commitments or New Term Loan Commitments, as applicable, shall become effective as of such Increased Amount Date, subject to the satisfaction of each of the following conditions precedent, as determined by the Administrative Agent in its good faith judgment:
Conditions to Effectiveness of Facility Increase. The following are conditions precedent to the effectiveness of any Facility Increase:
Conditions to Effectiveness of Facility Increase. As a condition precedent to the effectiveness of any Facility Increase, the Borrower Representative shall deliver to the Administrative Agent one or more certificates dated as of the Increase Effective Date duly executed by an Authorized Officer of the Borrower Representative or the applicable Loan Parties (a) certifying and attaching the resolutions adopted by each applicable Loan Party approving or consenting to such Facility Increase, and (b) certifying that, after giving effect pro forma effect to such Facility Increase, the Borrowers are in compliance with financial covenants set forth in Sections 6.12, 6.13 and 6.14 (assuming (x) that the entire amount of such Facility Increase is funded and (y) that the cash proceeds of such Facility Increase will be excluded for netting purposes and for purposes of determining Consolidated Current Assets in such determination of pro forma compliance with the financial covenants under Section 6.14) as of the most recently ended fiscal month for which financial statements have been or were required to be delivered pursuant to Section 5.09.2, (ii) no Default or Event of Default shall have occurred and be continuing, and (iii) the representations and warranties contained in this Agreement and the other Credit Documents shall be true and correct in all material respects (or in all respects to the extent that any representation or warranty is qualified by materiality). With respect to any Facility Increase, all conditions precedent set forth in Error! Reference source not found.4.02 hereof shall have been satisfied. The proceeds of any Revolving Credit Increases shall be used for the purposes set forth in Section Error! Reference source not found.46.10. The proceeds of Floor Plan Increases shall be used only as set forth in Section 2.01.12.
Conditions to Effectiveness of Facility Increase. Such Increased Loans shall become effective as of such Increased Amount Date, subject to the satisfaction of each of the following conditions precedent, as determined by the Agent in its good faith judgment:
Conditions to Effectiveness of Facility Increase. Each Incremental Facility shall become effective as of such Increased Amount Date, subject to the satisfaction of each of the following conditions precedent, as determined by the Administrative Agent in its good faith judgment:
