CONDITIONS TO REFINANCING LOANS Sample Clauses

CONDITIONS TO REFINANCING LOANS. The obligation of the Purchaser to make any Refinancing Loans (other than the Initial Refinancing Loan) is subject to the following conditions: (a) The Purchaser shall have received by 10:00 a.m. on any business day a request in writing signed by the EqualNet Companies specifying the amount of the proposed borrowing, the proposed borrowing date, which shall not be earlier than 11:00 a.m. that day (or the next day if notice is given after 10:00 a.m.), and the account of the EqualNet Companies to which funds are to be disbursed and a Borrowing Base Certificate as of the most recent practicable date (and in no event more than 31 days in advance of the date of the proposed borrowing) demonstrating that the aggregate principal amount of the Refinancing Loans, after taking into account the proposed borrowing, will not exceed the amount of the Borrowing Base or otherwise exceed the maximum principal amount of the Refinancing Loans specified in Section 2.2; and (b) Each of the representations and warranties of the EqualNet Companies set forth in Article IV of this Agreement and in the Security Agreement shall be true and correct on the date of such request and on the proposed date of borrowing, the EqualNet Companies shall have complied with all covenants set forth in Article V of this Agreement and in the Security Agreement, no Event of Default (as defined in the Refinancing Notes) or event or occurrence that with notice or passage of time, or both, would constitute an Event of Default, shall have occurred and be continuing and the Purchaser shall have received a certificate signed by the President or the Chief Financial Officer of each of the EqualNet Companies certifying the foregoing matters.
Sample 1
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Related to CONDITIONS TO REFINANCING LOANS

  • CONDITIONS TO ALL BORROWINGS The obligations of the Lenders to make any Loan or issue any Letter of Credit, whether on or after the Closing Date, shall also be subject to the satisfaction of the following conditions precedent:

  • CONDITIONS TO LOANS The obligations of Lenders to make Loans are subject to satisfaction of all of the applicable conditions set forth below.

  • Additional Conditions to Revolving Loans If a Revolving Loan is requested, all conditions set forth in Section 2.1 shall have been satisfied.

  • CONDITIONS TO BORROWINGS The obligations of each Lender to make Advances to Borrower hereunder is subject to the satisfaction of the following conditions:

  • CONDITIONS TO LOANS AND LETTERS OF CREDIT The obligations of Lenders to make Loans and the issuance of Letters of Credit hereunder are subject to the satisfaction of the following conditions.

  • Conditions to Initial Extensions of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, immediately prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • Conditions to Initial Loans The agreement of each Lender to make Loans hereunder and the effectiveness of this Agreement is subject to the satisfaction, prior to or on the Closing Date, of the following conditions precedent, which conditions precedent apply to and shall be satisfied by the Borrower:

  • Conditions to Letters of Credit The issuance of any Letter of Credit hereunder (whether or not the applicable Issuing Lender is obligated to issue such Letter of Credit) is subject to the following conditions precedent: A. On or before the date of issuance of the initial Letter of Credit pursuant to this Agreement, the initial Loans shall have been made. B. On or before the date of issuance of such Letter of Credit, Administrative Agent shall have received, in accordance with the provisions of subsection 3.1B(i), an originally executed Notice of Issuance of Letter of Credit, in each case signed by the chief executive officer, the chief financial officer or the treasurer of Company or by any executive officer of Company designated by any of the above-described officers on behalf of Company in a writing delivered to Administrative Agent, together with all other information specified in subsection 3.1B(i) and such other documents or information as the applicable Issuing Lender may reasonably require in connection with the issuance of such Letter of Credit. C. On the date of issuance of such Letter of Credit, all conditions precedent described in subsection 4.2B shall be satisfied to the same extent as if the issuance of such Letter of Credit were the making of a Loan and the date of issuance of such Letter of Credit were a Funding Date.

  • Conditions to All Loans and Letters of Credit The obligations of the Lenders to make any Loan or issue any Letter of Credit is subject to the satisfaction of the following conditions precedent on the relevant borrowing or issue date, as applicable:

  • Conditions to Loan Section 3.1 Conditions to Funding of the Loan on the Closing Date......................................... 33

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